Albany, NY -- (SBWIRE) -- 05/21/2019 -- Business process-as-a service (BPaaS) is a complete solution package offered by cloud service providers, such as Genpact, IBM Corporation, Fujitsu Limited, and Capgemini, to enable business process outsourcing (BPO) over a cloud computing service model. The objective of customary BPO services is to reduce labor expenses, which can be attained by using BPaaS industry solutions. The pricing model for BPaaS industry solutions is either consumption based or subscription based.
The global BPaas market is driven by increase in cloud adoption among enterprises and extensive need to optimize business processes in North America, Europe, and Asia-Pacific. LAMEA is expected to hold the least market share as compared to other regions. Middle East and Africa are expected to gain traction in the near future, however, the growth is expected to be stable during the forecast period.
In 2018, the global Business Process-as-a-Service (BPaaS) market size was 4560 million US$ and it is expected to reach 19900 million US$ by the end of 2025, with a CAGR of 20.2% during 2019-2025.

This report focuses on the global Business Process-as-a-Service (BPaaS) status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Business Process-as-a-Service (BPaaS) development in United States, Europe and China.

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The key players covered in this study
Accenture
IBM
Cognizant technology Solutions Corporation
Tech Mahindra Capgemini
Fujitsu Limited
Genpact
Oracle Corporation
SAP SE
Wipro Limited

Market segment by Type, the product can be split into
HR Service
Finance & Accounting Service
Analytics
Supply Chain Management
Digital Asset Management
Others (OMaaS and Managed Marketing Service)

Market segment by Application, split into
Banking, Financial Services, and Insurance (BFSI)
Healthcare
Government
Manufacturing
Retail
IT & Telecom
Others (Business Service Providers, Media & Entertainment, and Hospitality)

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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The study objectives of this report are:
To analyze global Business Process-as-a-Service (BPaaS) status, future forecast, growth opportunity, key market and key players.
To present the Business Process-as-a-Service (BPaaS) development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Business Process-as-a-Service (BPaaS) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

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