BPaaS Market Is Projected To Growing At A CAGR Of Over 11% By 2024 | TechSci Research

According to TechSci Research, Global BPaaS Market is projected to reach USD 68.86 Billion by 2024 at a CAGR of over 11% due to the need for cost effective IT infrastructure, lower Total Cost of Ownership and a faster-time-to market. Moreover, the increase in the adoption of cloud services across several industry verticals and the increase in awareness of cloud computing will ensure robust growth of the market. North America holds the largest market share, due to the presence of the top BPaaS service providers in the region, the globalization of managed cloud services, and the increased adoption of cloud computing.

Years considered for this report:

Historical Year: 2014 – 2017

Base Year: 2018

Estimated: 2019

Forecast: 2020 – 2024

Objective of the Study:

• To analyse and forecast the market size of BPaaS market, in terms of value.
• To classify and forecast global BPaaS based on business process, organization size, vertical and regional distribution.
• To identify drivers and challenges for global BPaaS market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global BPaaS Market.
• To conduct the pricing analysis for BPaaS Market.
• To identify and analyse the profile of leading service providers involved in the global BPaaS Market.

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Some of the leading players in the Global BPaaS Market are Accenture, IBM, Capgemini, Cognizant, EXL, Fujitsu, Genpact, HCL, TCS, and Wipro.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of collaboration solution and service vendors across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the solution and service vendors which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration solution and service vendors across the globe.

TechSci Research calculated the market size of Global BPaaS market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• BPaaS Software & Solution Providers
• Cloud Service Providers
• Professional and managed service providers
• Global IT Companies
• Research organizations and consulting companies.
• Technology Providers
• Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration solution and service vendors, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global BPaaS Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Business Process:
  • Human Resource Management
  • Accounting and Finance
  • Sales and Marketing
  • Customer Service and Support
  • Procurement and Supply Chain Management
  • Operations
  • Others
• Market, By Organization Size:
  • Small & Medium-Sized Enterprises
  • Large Enterprises
• Market, By Vertical:
  • Banking, Financial Services, and Insurance
  • Telecom &It/Ites
  • Manufacturing
  • Ecommerce &Retail
  • Healthcare
  • Government
  • Others
• Market, by Region:

Asia Pacific

China

India

Japan

South Korea

Australia

Singapore

Malaysia

Europe & CIS

France

Germany

United Kingdom

Italy

Spain

North America

  United States

Mexico

Canada

South America

Brazil

Argentina

Colombia

Middle East and Africa

South Africa

Saudi Arabia

UAE

Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in BPaaS Market segment.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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