FORT WORTH, Texas, April 9, 2015 /PRNewswire/ --
The Global Operation Business Process as a Service (BPaaS) Market is estimated to grow from $24,719.0 million in 2014 to $47,453.0 million by 2020, at a CAGR of 11.5% during the period under consideration.
Browse through the TOC of Global Operation BPaaS Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The North American segment held the largest share of the global operation BPaaS market in 2014, having accounted for a share of 55.0%. The high penetration rate in verticals such as telecommunication, information technology, BFSI, manufacturing, and healthcare is among the most important factors driving the operation BPaaS market globally.
The increasing importance of operation BPaaS can be gauged by the fact that many leading players across the globe are entering into partnership agreements with each other to gain a commendable position in the global market. Another key strategy adopted by the market players is acquisition, wherein the market players are acquiring companies who are leading providers of cloud, business process outsourcing, and BPaaS services.
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The exponential increase in the number of outsourcing activities carried on by many large organizations, and the use of BPaaS to support operations in Business Process Outsourcing (BPO) companies are among the major driving factors for the growth of the global operation BPaaS market.
The global operation BPaaS market is expected to grow from $24,719.0 million in 2014 to $47,453.0 million by 2020, at a CAGR of 11.5% during the period between 2014 and 2020. The market is primarily driven by the development of automated and software-driven outsourcing and the need for cost-effective business processes.
The report provides competitive benchmarking for the leading players in the market, such as Accenture, Capgemini, Cognizant, Genpact, IBM, Fujitsu, CSC, and SAP, among others, in terms of product offerings, key strategies, and operational parameters. In addition to this, the report provides market trends, overall adoption scenarios, competitive landscape, key drivers, restraints, and opportunities in this market. Furthermore, the report aims at estimating the current size and the future growth potential of this market across the different applications, verticals, and regions.
The Business Process as a Service (BPaaS) Market is expected to grow from $1.09 billion in 2013 to $7.12 billion in 2018, at an estimated CAGR of 45.55% for the period from 2013 to 2018. The market is primarily driven by the need to have efficient and streamlined business processes.
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