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Personal Finance News Releases
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(MoneyNewsWire.Net, September 15, 2018 ) The Global Business Process as a Service (BPAAS) Market was valued at USD 2.09 billion in 2016 and is projected to reach USD 13.36 billion by 2025, growing at a CAGR of 22.9% from 2017 to 2025.
Business Process as a Service (BPaaS) is a type of business process that is based on the cloud services model. The cloud service includes such software such as PaaS (Platform as a Service), (SaaS) Software as a Service, and (IaaS) Infrastructure as a Service. These software can be selected with respect to the company’s specific business policy and be used in a variety of applications. The Business Process as a Service supports several languages and can manage immense scaling.
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Aspects such as the increase in frequency of the adoption of the Cloud across several industries, the growing demand for Business Process as a Service (BPaaS) and the need for low cost IT infrastructure drive the growth of the Business Process as a Service (BPaaS) market. Aside from this, the lack of IT skills and knowledge and the concerns of the data security over cloud cause Business Process as a Service market’s growth to be restrained.
Competitive Landscape:
The major players in the market are as follows:
Cognizant Technologies
IBM
Capgemini
Oracle
CSC
SAP
Fujitsu Limited
Wipro
Genpact
Accenture
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