Europe Business Process as a Service (BPaaS) Market Report – Industry Trends and Forecast to 2028

Europe Business Process as a Service (BPaaS) Market, By Solutions (Platform, Services), Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), Business Processes (Human Resources (HR & Payroll), Finance & Accounting, Sales & Marketing, Procurement & Supply Chain Management, Customer Services & Support (Customer Experience), Operations, Analytics and Others), Organization Size (Large Organization and Small and Medium-Sized Enterprises (SMES)), Application (Managerial, Operational, Supportive and Connected Market Area), Cloud Delivery Model (SAAS Based Process Services (SAASBP Services), PAAS Based Business Process Services (PAAS BP Services) and IAAS Business Process Services (IAAS BP Services)), End User (Banking, Financial Services and Insurance (BFSI), IT & Telecommunication, Retail & E-Commerce, Healthcare, Government, Manufacturing, Media & Entertainment and Others), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) Industry Trends and Forecast to 2028

Market Analysis and Insights: Europe Business Process as a Service (BPaaS) Market

Europe business process as a service (BPaaS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.7 % in the forecast period of 2021 to 20218 and is expected to reach USD 31,351.79 million by 2028.

Increasing technological adoption in Europe is acting as major factor for the growth of the market. The huge investments made by market players in big data and clod computing platforms have propelled the growth of this market in Europe.

Business process as a service (BPaaS) is defined as the delivery of cloud-sourced and multitenancy-built business process outsourcing (BPO) services. Services are often automated, and there is no publicly dedicated labour pool per client when human process actors are needed. The pricing models are commercial words based on usage or on subscription. The BPaaS model, as a cloud service, is accessed through Internet-based technologies.

BPaaS is connected to completely configurable services that include SaaS, PaaS and IaaS. By making use of the availability and reliability of a cloud-based infrastructure, BPaaS provides enterprises with the staff, processes and technologies they need to function as a pay-per-use service. In comparison to the purchase of a package deal linked to a single application, this approach to operations dramatically decreases overall ownership costs by offering an on-demand solution focused on services needed.

This business process as a service (BPaaS) market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Europe Business Process as a Service (BPaaS) Market Scope and Market Size

Business process as a service (BPaaS) market is segmented on the basis of basis solution, deployment model, business process, organization size, application, cloud delivery and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the solutions, the business process as a service (BPaaS) market has been segmented into platform and services. In 2021, the platform held largest share in the solution segment. This is mainly due to the growing concern of organization towards enhancing the customer experience.

On the deployment model, the business process as a service (BPaaS) market has been segmented into public cloud, private cloud and hybrid cloud. In 2021, the public cloud held largest share in the deployment model segment. This is mainly due to the growing digitalization among industries.

On the basis of business process, the business process as a service (BPaaS) market has been segmented into human resources (HR & payroll), finance & accounting, sales & marketing, procurement & supply chain management, customer services & support (customer experience), operations, analytics and others. In 2021, the human resource (HR & payroll) held largest share in the business process segment. This is mainly due to the growing concern for improving employee productivity has increase demand for BPaaS

On the basis of organization size, the business process as a service (BPaaS) market has been segmented into large organization and small and medium-sized enterprises (SMES). In 2021, the large enterprises held largest share in the organization size segment. This is mainly due to the growing amount of unstructured data which increases demand of BPaaS.

On the basis of application, the business process as a service (BPaaS) market has been segmented into managerial, operational, supportive and connected market area. In 2021, the managerial held largest share in the application segment. This is mainly due to growing digitalization in the organization among the organization.

On the basis of cloud delivery model, the business process as a service (BPaaS) market has been segmented into SAAS based process services (SAAS BP services), PAAS based business process services (PAAS BP services) and IAAS business process services (IAAS BP services). In 2021, the SAAS based business process service (SAASBP service) held largest share in the application segment. This is mainly due to the growing BYOD trend in the organization has result in increasing the demand for BPaaS.

On the basis of end-user, the business process as a service (BPaaS) market has been segmented into banking, financial services and insurance (BFSI), IT & telecommunication, retail & e-commerce, healthcare, government, manufacturing, media & entertainment and others. In 2021, the banking, financial services, and insurance (BFSI) held largest share in the end-user segment. This is mainly due to the growing adoption of big data and internet penetration has result in increasing the BPaaS.

Business Process as a Service (BPaaS) Market Country Level Analysis

Business process as a service (BPaaS) market is analysed and market size information is provided by country, solution, deployment model, business process, organization size, application, cloud delivery model and end user.

The countries covered in business process as a service (BPaaS) market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.

Germany is dominating the European region for business process as a service (BPaaS) market due to the growing need of BPaaS among the business organizations to deploy a holistic solutions like BPaaS to address the overall cost of service delivery instead of just operational cost.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Demand of Business Process as a Service (BPaaS)

Business process as a service (BPaaS) market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in business process as a service (BPaaS) and changes in regulatory scenarios with their support for the business process as a service (BPaaS) market. The data is available for historic period 2010 to 2019.

Competitive Landscape and Business Process as a Service (BPaaS) Market Share Analysis

Business process as a service (BPaaS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to business process as a service (BPaaS) market.

The major players covered in the report are IBM Corporation, Capgemini, Cognizant, Oracle, Wipro Limited, Accenture, Tata Consultancy Services Limited, HCL Technologies Limited, NTT DATA, Inc., DXC Technology Company, Open Text Corporation, FUJITSU, Genpact, ADP, Inc., Alight, UKG Inc., WNS (Holdings) Ltd., Conduent, Inc., Expertel S.A “proceedit”, TIBCO Software Inc., Entercoms, Avaloq, Scheer PAS Deutschland GmbH and Ceridian HCM, Inc., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of business process as a service (BPaaS) market.

In May 2020, Wipro Limited announced launch of Finance And Accounting Business-Process-as-a-Service In partnership with NetSuite. This F&A BPaaS is a end-to-end business process solution which helps to improve business agility, user experience and process efficiency. BPaaS empowers customers to manage and control their finance and accounting processes on a standardized platform. This has helped the company to enhance their product portfolio in the market.

Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for business process as a service (BPaaS).

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Europe Business Process as a Service (BPaaS) Market – Industry Trends and Forecast to 2028

Market Analysis and Insights: Europe Business Process as a Service (BPaaS) Market

Europe Business Process as a Service (BPaaS) Market Scope and Market Size

Business Process as a Service (BPaaS) Market Country Level Analysis

Competitive Landscape and Business Process as a Service (BPaaS) Market Share Analysis

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Research Methodology:

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Customization Available:

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