There were 603 press releases posted in the last 24 hours and 150,692 in the last 365 days.

The BPaaS size is estimated to grow approximately at CAGR 25% during the forecast period 2018-2023

Due to the rise in adoption of digitization, automation and analytics; these service are supported by integrated Business Process as a Service Platform.

HYDERABAD, TELANGANA, INDIA, September 3, 2018 /EINPresswire.com/ -- Due to the rise in adoption of digitization, automation and analytics; these service are supported by integrated Business Process as a Service (BPaaS) Platform. Worldwide, the current Business Process Outsourcing (BPO) market is projected to grow at 25% annually. Thus BPaaS market size is estimated to expand during the forecast period 2018-2023.

BPaaS is a cloud-based solution through which users can create and manage custom business processes which are delivered to the users by using the cloud models services which are PaaS, SaaS, and LaaS.
The main driving force of BPaaS market is the new development of automated solutions, software driven outsourcing solutions and the growing need for the cost effective business processes. Due to this, organizations can increase the efficiency and effectiveness of organizational processes through improvement and innovation to achieve the competitive edge in the industry.

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Security is one of the major issue hindering the growth of BPaaS market. Security ranks as the top concern when outsourcing, whether using traditional IT delivery methods or cloud-based options as data. Applications of an organization are at high risk of revealing some secret information of the company to third parties but this risk can mitigate by managing firewall, intrusion detection and virus protection.
BPaaS is agile and flexible platform which is uploaded to a cloud’s service that performs and monitors different systems because of its strong adaptability feature. BPaaS is integrated with the other solutions in such a way that, operations can be augmented easily based on the needs of the suer. But it is difficult to get the expected final outcome as there may be issues related to linguistic variations, time frames among others.

Cisco, the worldwide leader in IT and networking has announced to acquire PostPath Inc. which develops email and collaboration servers and products for corporate messaging. Services such as software-as-a-service (SaaS)-based collaborative platform includes instant messaging, voice, video, data, document management and Web 2.0 applications. This will enable customers to use collaboration to accelerate business processes, within and between businesses.

International Business Machines Corporation (IBM) is a leading cloud platform and cognitive solutions Company has teamed with Automation Anywhere, the market leader in robotic process automation. The collaboration aims at providing a companies with an extensive set of tools to create and use software bots to streamline digital tasks across the business processes. Solutions are intended to the industries with data-intensive processes such as banking, financial services, insurance and health care.

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BPaaS will replace traditional BPO process across different organization. In 2012 about 40% of the U.S. firms indicated a potential preference for using a BPaaS option and in 2015 it increased to 54%.This rate is expected to increase in the coming years. This will ultimately open several opportunities for new types of business processes, using the new cloud based delivery models, such as cloud and cloud outsourcing.

Business Process as a Service Market report is segmented as indicated below:
1. Business Process As a Service Market – By Methods
1.1. Operational
1.2. Supportive
1.3. Managerial

2. Business Process As a Service Market – By Stream
2.1. Business Process Automation (BPA)
2.2. Business Process Outsourcing (BPO)
2.3. Business Process Utility (BPU)
2.4. Business Processes Management (BPM)

3. Business Process As a Service Market- By Process Type
3.1. Human Resources
3.2. Marketing
3.3. Finance & Accounting
3.4. Sales & operations
3.5. Others

4. Business process As a Service Market – By Deployment Model
4.1. Public Cloud
4.2. Private Cloud
4.3. Community Cloud
4.4. Hybrid Cloud

5. Business Process As a Service Market - By Service Model
5.1. Software as a Service (SaaS)
5.2. Platform as a Service (PaaS)
5.3. Infrastructure as a Service (IaaS)

6. Business Process As a Service Market – By End User Industry
6.1. Small Enterprises
6.2. Medium Enterprises
6.3. Large Enterprises

7. Business Process As a Service Market – By Application
7.1. Banking, Finance, Services, Insurance (BFSI)
7.2. Education
7.3. Healthcare
7.4. Supply chain & Manufacturing
7.5. Communication & Information Services
7.6. Retail & consumer goods
7.7. Transportation & Logistics
7.8. Media & Entertainment
7.9. Others

8. Business Process As a Service – By Market Entropy
9. Business Process As a Service – By Geography

Companies Cited/Interviewed/Referenced
Cognizant
Capgemini
Tata Consultancy services
Wipro
Genpact
Accenture
IBM
Fujitsu
HCI
EXL
Canon
Oracle
SAP SE
Company 15+

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What can you expect from the report?
The Business Process As A Service (BPaaS) Market Report is Prepared with the Main Agenda to Cover the following 20 points:

1. Market Size by Product Categories
2. Market trends
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Demand Analysis ( By Revenue & Volume )
12. Country level Analysis (15+)
13. Competitor Analysis
14. Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Strategic Analysis
18. Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC publish country, or application based reports in Business Process As A Service (BPaaS) Market?
Response: Yes, we do have separate reports and database as mentioned below:

1. North America Business Process As A Service (BPaaS) Market (2018-2023)
2. South America Business Process As A Service (BPaaS) Market (2018-2023)
3. Europe Business Process As A Service (BPaaS) Market (2018-2023)
4. Asia Pacific Business Process As A Service (BPaaS) Market (2018-2023)
5. Middle East and Africa Business Process As A Service (BPaaS) Market (2018-2023)
6. Business Processes Management market for Business Process As A Service (BPaaS) Market (2018-2023)
7. Healthcare Market for Business Process As A Service (BPaaS) Market (2018-2023)
8. Finance & Accounting market for Business Process As A Service (BPaaS) Market (2018-2023)
9. Transportation & Logistics market for Business Process As A Service (BPaaS) Market (2018-2023)

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization

1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography or product chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
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