The Business Process As A Service (BPaaS) Market will soar from USD 70.763 billion in 2025 to USD 114.483 billion by 2030, fueled by a 10.10% CAGR.
The increasing penetration of advanced technologies into industries has been fueling the digitization of many business processes among enterprises. However, stringent regulations regarding data security have been responsible for huge investments being made by enterprises into data security. For enterprises who continuously seek a reduction in their costs to improve their margins, business process as a service has been a lucrative option. This is driving the adoption of BPaaS among them, thus boosting the growth of the market. The rapid growth of cloud computing has been supporting the enhancements in ‘as-a-service offerings by various vendors. Good growth opportunities being offered by this market are attracting many players into it. The availability of a good number of vendors in the market is fuelling the adoption of BPaaS among the end-users, which is contributing to the growth of the market
The major players profiled in the Business Process as a Service (BPaaS) market include Accenture, Capgemini, Cognizant, EXL, IBM, Fujitsu, HCL, and Genpact, Tata Consultancy Services, and Wipro.
Segmentation
The Business Process as a Service (BPaaS) Market has been analyzed through the following segments:
By Business Process
By Enterprise Size
By End-User Industry
By Geography