United States Business Process as a Service (BPaaS) Markets 2022-2027: Growing Need for Enterprises to Reduce Maintenance and Operational Costs and Surge in Demand for Analytics Technology

DUBLIN, Oct. 27, 2022 /PRNewswire/ -- The "Business Process as a Service Market - United States Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Size of Organization (Small and Medium, Large), By Process, By End-User Industry, By Deployment Service Type (SaaS, PaaS, IaaS), and By Region" report has been added to ResearchAndMarkets.com's offering.

The United States business process as a service market is projected to grow at a formidable rate during the forecast period, 2023-2027

The market growth can be attributed to the ongoing technological advancements and expansion of the IT industry. Besides, rapid adoption of cloud-based platforms across organizations and increasing need to reduce maintenance and operational costs by enterprises are supporting the growth of the United States business process as a service market.

Furthermore, the growing need for enterprises to reduce maintenance and operational costs, as well as the surge in demand for business process analytics technology, are expected to propel the growth of the business process as a service market in the United States.

Business process as a service is a low-cost alternative to running business operations that allows organizations to focus on core functions while outsourcing other functions such as supply chain management, finance and accounting, and other critical services to maximize profits.

Businesses are expanding their networks and hiring more people to meet the needs of their customers as the country's economy continues to grow. Companies are attempting to provide remote working opportunities in order to improve employees' productivity.

Employees can access data from remote locations via internet services, necessitating the need for virtual sets of applications such as storage, servers, networks, and others, which is anticipated to drive demand for the business process as a service market in the United States.

In order to generate insights for informed decision-making in organizations, the amount of data generated by businesses must increase. The company's operations are hampered by the complexity of unstructured data.

Organizations from various industry verticals invest in transforming business operations and implementing algorithmic business processes, implying that the US business process a service market has enormous growth potential. Business process as a service can manage large data flows with high accuracy while also addressing the need in various industries to improve process auditing and compliance.

Small and medium organizations are anticipated to witness the fastest growth in the market during the forecast period, owing to improved profitability and sales of small and medium-sized organizations and rising government support.

Key players operating in the United States business process as a service market are Accenture, Capgemini, Cognizant, EXL, IBM, Fujitsu, Genpact, Oracle, SAP, Microsoft, DXC, Concentrix, Conduent, Entercoms, Nuevora, among others.

Objective of the Study:

• To analyze the historical growth in the market size of the United States business process as a service 2017 to 2021.
• To estimate and forecast the market size of United States business process as a service market from 2023 to 2027 and growth rate until 2027.
• To classify and forecast the United States business process as a service market based on size of organization, process, end user industry, deployment service type, region, and company.
• To identify the dominant region or segment in the United States business process as a service market.
• To identify drivers and challenges for the United States business process as a service market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United States business process as a service market.
• To identify and analyze the profiles of leading players operating in the United States business process as a service market.
• To identify key sustainable strategies adopted by market players in United States business process as a service market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies

• Accenture
• Capgemini
• Cognizant
• EXL
• IBM
• Fujitsu
• Genpact
• Oracle
• SAP
• Microsoft
• DXC
• Concentrix
• Conduent
• Entercoms
• Nuevora

Report Scope:

United States Business Process as a Service Market, By Size of Organization:

• Small and Medium
• Large

United States Business Process as a Service Market, By Process:

• Human Resource Management
• Accounting and Finance
• Sales and Marketing
• Supply Chain Management
• Others

United States Business Process as a Service Market, By End-User Industry:

• Government and Defense
• BFSI
• IT and Telecommunication
• Healthcare
• Retail
• Manufacturing
• Others

United States Business Process as a Service Market, By Deployment Service Type:

• SaaS
• PaaS
• IaaS

United States Business Process as a Service Market, By Region:

• South
• West
• Mid-West
• North-East

Years considered for this report:

• Historical Years: 2017-2020
• Base Year: 2021
• Estimated Year: 2022
• Forecast Period: 2023-2027

For more information about this report visit https://www.researchandmarkets.com/r/5gsctx

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets