The Business Process-as-a-Service (BPaaS) Market is expected to reach USD XX Bn by 2027 from USD 44.12 Bn in 2019 at a CAGR of XX % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Business Process-as-a-Service (BPaaS) MarketBusiness Process-as-a-Service (BPaaS) Market Dynamics:
Lower cost of infrastructure, rise in cloud adoption, increasing business process analytics are some of the major factors that are responsible for the growth of the BPaaS market.
Segment Analysis of the Business Process-as-a-Service (BPaaS) Market:
Business Process-as-a-service (BPaaS) Market is segmented by business process, organization size, vertical and geography. Market on the basis of a business process is segmented into HR Management, accounting and finance, sales and marketing, customer service and support, procurement, and supply chain, and operations. HR management sub-segment is considered to have the largest market share with customer service and support sub-segment projected to grow at a high CAGR during the forecast period.
Among organizations, large enterprises are projected to have the largest market size during the forecast period due to the need for reduction in high Capital Expenditure (CAPEX) and Operating Expenditure (OPEX).