Business Process as a Service (BPaaS) Market - Size, Share, Growth and Trends
Posted by carol miller on February 5th, 2020
The global business process as a service (BPaaS) market size is expected to reach USD 72.25 billion by 2025, according to a new report by Grand View Research, Inc., registering an 8.7% CAGR during the forecast period. BPaaS ensures faster time to market (TTM) and enhanced customer experience. It also offers start-to-end provision for various business processes such as managing accounting and finance databases, human resource and capital management, and customer services and support. These platforms help in optimizing capital expenditures and estimating operational expenses required at various stages of the business process.
Accounting and finance is expected to hold the largest share in the business process as a service market in 2025. Owing to rising adoption of cloud solutions, focus on accounting and finance has increased so as to achieve proficiencies and rebalance expenses on the system. Large enterprises are expected to dominate the market by way of organization. These enterprises are mainly involved in systematic business operations as it helps increase efficiency. They have dedicated teams and resources to manage various business process, ensure operational costs are reduced, and work toward bringing down total cost of ownership. These benefits of BPaaS are also attracting small and medium enterprises to increase uptake.
The BFSI application segment is expected to hold the largest market share in 2025. This growth is attributed to rising the need to balance and optimize financial processes that help deliver revenue growth, improve margins, and expand cash flow.
Further key findings from the report suggest:
Access full research report on global business process as a service (BPaaS) market:
About the Authorcarol miller
Joined: January 15th, 2020
Articles Posted: 24
Turn Your Hobby Into A Business
Whether you want a full time income, or are just trying to supplement your income with a side hustle, now is your chance to turn your hobby into a business!
Trader On Chart - Position Size Calculator and MT4 Trade Panel
The Fastest Way to Calculate Lot Size and Open a Trade on Your MT4 Platform is by using the Trader On Chart MT4 trade panel.
Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Sell Your Photos
Microstock is a business that allows photographers and video makers to sell their content to film directors, webmasters and other kinds of buyers.
WordPress Plugins and Themes - WP Marketer Tools
WordPress Themes and Plugins To Help Grow Your Online Business and Make It More Efficient.
How to launch your own woodworking business for under $1,000.00 and make $90,000 to $150,000 per year!