FUJITSU, Oracle and Cognizant are Dominating in the Global Business Process as a Service (BPaaS) Market in 2020

Global Business Process as a Service (BPaaS) Market is expected to grow with the CAGR of 12.7% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global business process as a service (BPaaS) market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario. The major players dealing in global business process as a service (BPaaS) market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, Oracle and UiPath, a leading enterprise for Robotic Process Automation (RPA) software company has entered into a strategic collaboration. Through this collaboration, both the companies will combine powerful RPA and Oracle Cloud infrastructure and application and will enable their customers to perform their complex processes and critical workflows smoothly. This collaboration will help company to gain more customers and increase business.

FUJITSU is the dominating player in global business process as a service (BPaaS) market. The other key players existing in the business process as a service (BPaaS) market includes IBM Corporation, Capgemini, Cognizant, Oracle, Wipro Limited, Accenture, Tata Consultancy Services Limited, HCL Technologies Limited, NTT DATA, Inc., DXC Technology Company, Open Text Corporation, Genpact, ADP, Inc., Alight, UKG Inc., WNS (Holdings) Ltd., Conduent, Inc., Expertel S.A “proceedit”, TIBCO Software Inc., Entercoms, Avaloq, Scheer PAS Deutschland GmbH, Ceridian HCM, Inc. among others.

Business Process as a Service (BPaaS) MarketFUJITSU:

FUJITSU is headquartered in Tokyo, Japan and was founded in 1935. The company focuses in providing products, services and solutions for information and communication technologies. The company deals in multiple business segments such as technology solutions, ubiquitous solutions and device solutions among which technology solutions is the market focused segment. The company offers wide range of products under categories such as client computing devices, integrated systems, storage, servers, networks, software, product related services, electronic devices, additional products, network switches, air conditioning and artificial intelligence among which software is the market focused category.

For instance,

  • In May 2020, FUJITSU has launched the latest version of DigitalSuite Process Modeler from its product range Fujitsu RunMyProcess. This upgraded business process automation will perform application design smoothly which reduce time to design application process flow. The launch of the latest digital suite will help the company to expand their product portfolio

The company has presence in Americas, Asia-Pacific, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as FUJITSU FSAS INC. (Japan), PFU Limited (Japan), Fujitsu Marketing Limited (Japan), FUJITSU FIP CORPORATION (Japan), Nifty Corporation (Japan) among others.                                                                        

Oracle:

Oracle is headquartered in California, U.S. and was founded in 1977. The company is focused on digital innovation with specialization in the cloud infrastructure as well as application. The company deals in multiple business segments such as cloud and license, hardware and services among which cloud and license is the market focused segment. The company offers wide range of products under categories such as infrastructure and applications among which infrastructure is the market focused category.  

For instance,

  • In July 2020, Oracle has announced new upgraded Oracle fusion cloud enterprise resource planning (ERP), supply chain & manufacturing (Oracle Cloud SCM) and enterprise performance management (EPM) which will help organisations to create business resiliency with digital acceleration. This upgradation tool will help the company to increase their business.

The company has presence in Americas, Europe, Middle East and Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as NetSuite (U.S.), Taleo (U.S.), Art Technology Group (U.S.), Textura Corporation (U.S.) and Agile (U.S.) among others.

Cognizant:

Cognizant is headquartered in New Jersey, U.S. and was established in 1994. The company is engaged in the manufacturing and providing technology and digital solutions for businesses. The company deals in multiple business segments such as financial services, healthcare products and resources and communications, media and technology among which communications, media and technology is the market focused segment. The company offers wide range of services under categories such as Cognizant digital business, Cognizant digital operations and Cognizant digital systems & technology among which Cognizant digital operations is the market focused category. 

For instance,

  • In November 2020, Cognizant has completely acquired Bright Wolf company which provides specialized custom industrial internet of things solutions to top companies. This acquisition will help Cognizant to expand their offerings to their customers and will enhance the service portfolio of the company to increase the business.

The company has global presence in Americas, Europe, Middle East and Africa and Asia-Pacific. In addition, the company also generates revenue through the subsidiaries such as TriZetto Group, Inc. (U.S.), Lev (U.S.), Mirabeau (The Netherlands), TMG Health, Inc. (U.S.), CogDev Malaysia SDN BHD (Malaysia) among others.