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Global Business Process as a Service (BPaaS) Market Report 2020: Major Players are Accenture, Wipro, Capegemini, Fujitsu and GenpactDUBLIN, Nov. 7, 2019 /PRNewswire/ -- The "Business Process as a service (BPaaS) Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.  The global business process as a service (bpaas) market was valued at about $99.07 billion in 2018 and is expected to grow to $126.83 billion at a CAGR of 6.4% through 2022. The risk for data breach can be a major restraint for the rising growth of the Business Process as a Service (BPaaS) market. The risk of losing data and security concerns makes the top-management of the businesses to have a cautious approach towards BPaaS market and reduces the effectiveness. There should be strict laws and regulations which will reduce the risk of data privacy and security for the clients. For example in 2012, Dropbox, a BPaaS company faced security breach which leaked the personal information of about 68 million user to the hackers. The flexible pricing model is the most important trend for the Business Process as a Service. Flexible pricing model helps the sellers to sell the service at a price based on the real time demand. This also helps the buyers to purchase the service at a price which is suitable to their need and demand. The buyers can demand the service according to their own needs and pay for them accordingly. For example, Amazon sells the goods and services according to dynamic pricing which helps in increasing the flexibility of price. Best Buy and Sears also incorporate dynamic pricing into their pricing strategies. There is a huge concern for the protection of data privacy and security breach throughout the world related to the Cloud Computing services. Globally, strict Laws have been framed and designated regulatory bodies are taking measures to protect the privacy rights and data breach. In the USA, there are strict laws and regulations to protect the privacy and security breach related to cloud services, one such law is The Clarifying Lawful Overuse Of Data (CLOUD) Act. This law preserves the common law right of cloud service providers to go to court to challenge search warrants when there is a conflict of laws. For private data protection there is Graham-Leach Billey Act in the USA. In the UK there is General Data Protection Right (GDPR) Act to regulate the security concerns. There is law of privacy in Australia known as Data Protection Law. In the year 2018, IBM acquired Red Hat for $34 Billion in cash and debt and IBM paid $117 per share. This deal will strengthen IBM portfolio on Cloud based premises. It will position IBM as a cloud power and investing in open source. Red Hat is involved in providing open source software solutions such as developing operating system, providing virtualization, management and cloud storage technologies. It was founded in 1993 and is headquartered in Raleigh, North Carolina, USA. Major players in the market are Accenture, Wipro, Capegemini, Fujitsu and Genpact. Companies Mentioned
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