The Global Market for Business Process as a Service (BPaaS) is Projected to Reach US$71.1 Billion by 2024
Growing Focus on Improving Business Process Agility Drives the Business Process as a Service (BPaaS) Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Business Process as a Service (BPaaS) market. The global market for Business Process as a Service (BPaaS) is projected to reach US$71.1 billion by 2024 , driven by the growing demand for efficiency, agility, standardization and cost rationalization of business processes across various industry verticals. Business Process as a Service (BPaaS), also termed as Platform BPO, is a type of business process outsourcing (BPO) service delivery, which uses a cloud computing service model. BPaaS solutions enable organizations to enhance agility of business processes while reducing operational costs. As the BPaaS model offers a synergistic approach for integration of technology infr...