Global Business Process as a Service (BPaaS) Market Research Report

The global 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.

BPaaS is a combination of software as a service (SaaS) and traditional business process outsourcing (BPO) models. It can be any type of business process such as horizontal or vertical business process that delivers on a cloud services model. BPaaS helps organizations increase the agility of their business processes, along with cost control measures. It encompasses the technology usage to provide efficient service delivery models by enabling organizations to gain access to critical technology and the service resources required to implement, deploy, train, and manage the critical technology to a corporation without the huge capital expenditure.

With the globalization of markets, businesses across the globe are realizing the need to embrace cloud technology. Thus, business processes are also being moved to the cloud because of the inflexible service delivery models of traditional BPO, and the old technologies that limit the effectiveness of business process outcomes. The desire to have an efficient and streamlined business process has led to aggressive adoption of business process as a service solutions worldwide.

The BPaaS market reports cover geographies such as North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA). These reports provide a competitive benchmarking of leading players in this market such as FIS, FICO, Fiserv, and Experian in terms of their product offerings, key strategies, and operational parameters. They also includ global market trends, overall adoption scenario, competitive landscape, and key drivers, restraints, and opportunities.