The Business Research Company’s Business Process As A Service (BPaaS) Global Market Report 2021: COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, August 12, 2021 /EINPresswire.com/ — According to the new market research report ‘Business Process As A Service (BPaaS) Global Market Report 2021 – By Process Type (HRM, Accounting & Finance, Sales & Marketing, Customer Service Support, Procurement And Supply Chain, Operations), By End Users (Banking, Financial Service, & Insurance (BFSI), Telecom & IT, Manufacturing, Ecommerce Retail, Healthcare, Governments), By Deployment Service Type (SaaS, PaaS, IaaS), By Stream (BPO, BPA, BPM), COVID-19 Impact And Recovery’ published by The Business Research Company, the business process as a services market is expected to grow from $66.28 billion in 2020 to $71.17 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $103.72 billion in 2025 at a CAGR of 9.9%.
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The Business Process a Service (BPaaS) market consists of sales of business process services through cloud-based platform services. These can be any kind of business process solutions through the delivery of web-based services or cloud hosting services that benefits an organization to complete its business objectives and benefits business operations. BPaaS reduces the business costs of the operations by increased automations. It mixes Business Process Management (BPM) with one or more aspect of cloud deployment SaaS, PaaS, IaaS. Companies in BPaaS industry provides services on various platforms such as banking, advertising, marketing, industry operations and services, accounting and finance, customer service support and others.
Trends In The Global Business Process as a Services Market
The flexible pricing model is the most important trend for the Business Processes 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.
Global Business Process as a Services Market Segments:
The global business process as a services market is further segmented based on process type, end-users, deployment service type, stream and geography.
By Process Type: HRM, Accounting & Finance, Sales & Marketing, Customer Service Support, Procurement and Supply Chain, Operations, Others
By End User: Banking, Financial Service, & Insurance (BFSI), Telecom & IT, Manufacturing, Ecommerce Retail, Healthcare, Governments, Others
By Deployment Service Type: SaaS, PaaS, IaaS
By Stream: BPO, BPA, BPM
By Geography: The global business process as a services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Business Process as a Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides business process as a services market overviews, analyzes and forecasts market size and growth for the global business process as a services market, business process as a services market share, business process as a services market players, business process as a services market segments and geographies, business process as a services market’s leading competitors’ revenues, profiles and market shares. The business process as a services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Business Process as a Services Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Business Process as a Service Market Organizations Covered: Accenture, Wipro, Capegemini, Fujitsu and Genpact.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Interested to know more about The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Business Process as a Services Global Market Report 2021:
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