Europe Business Process as a Service (BPaaS) Market – Industry Trends and Forecast to 2030

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, and 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) - Industry Trends and Forecast to 2030.

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

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

Data Bridge Market Research analyses that the Europe Business Process as a Service (BPaaS) market is expected to reach USD 39,820.82 million by 2030, from 15,300.97 in 2022 and is expected to undergo a CAGR of 12.7% during the forecast period of 2023 to 2030. “Platform” dominates the solutions segment of the Europe Business Process as a Service (BPaaS) Market due to demand from growing markets. The rising demand for Business Process as a Service (BPaaS) is expected to influence the growth of Business Process as a Service (BPaaS) market over the forecast period of 2023 to 2030. The rise in data volumes across the globe is one of the major factors driving the growth of the Europe Business Process as a Service (BPaaS) market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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

Market Definition

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 labor 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.  

Europe Business Process as a Service (BPaaS) Market Dynamics

Drivers

• Rising Demand of Business Process as a Service (BPaaS)  

The increasing demand for Business Process as a Service (BPaas) is driven by its ability to offer cost-efficiency, scalability, expertise, and flexibility in outsourcing non-core business processes. BPaas leverages technological advancements, supports globalization, ensures compliance, and enhances disaster recovery, enabling businesses to gain a competitive advantage and focus on core competencies.

Opportunity

• Rise in cloud adoption across several industry verticals

Cloud platform is gaining popularity as it not only provides flexibility, scalability, and multi-cloud space however also provides security assurance. Furthermore, the step toward cloud makes the integrity of data and services a major priority for organizations hence, it is critical to find the combination of on-premise and numerous as-a-service offerings to ensure data is constantly available and coordinated across multiple platforms.

Restraints/Challenges

• Lack of IT skills and knowledge in underdeveloped nations

The lack of IT skills and knowledge in underdeveloped nations restricts the growth of the business process as a service market. Although the business process-as-a-service (BPaaS) market has numerous end-uses, numerous obstacles likely pose a challenge to market growth. The high initial cost of business process fusion technology is expected to be a major restraining factor for the growth of the business process-as-a-service (BPaaS) market over the forecast period.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In May 2020, Wipro Limited announced the launch of Finance And Accounting Business-Process-as-a-Service In partnership with NetSuite. This F&A BPaaS is an end-to-end business process solution that 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 its product portfolio in the market

Europe Business Process as a Service (BPaaS) Market Scope

The Europe Business Process as a Service (BPaaS) Market is segmented on the basis of solutions, deployment model, business process, organization size, application, cloud delivery and end user industry. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solutions

• Platform
• Services

Deployment Model

• Public Cloud
• Private Cloud
• Hybrid Cloud

Business Processes

• Human Resources (HR & Payroll)
• Finance & Accounting
• Sales & Marketing
• Procurement & Supply Chain Management
• Customer Services & Support (Customer Experience)
• Operations
• Analytics
• Others

Organization Size

• Large Organization
• Small and Medium-Sized Enterprises (SMES)

Application

• Managerial
• Operational
• Supportive
• Connected Market Area

Cloud Delivery Model

• SAAS Based Process Services (SAASBP Services)
• PAAS Based Business Process Services (PAAS BP Services)
• 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
• Others

Europe Business Process as a Service (BPaaS) Market Region Analysis/Insights

The Europe Business Process as a Service (BPaaS) Market is analyzed, and market size insights and trends are provided by region, solutions, deployment model, business process, organization size, application, cloud delivery and end user industry as referenced above.

The regions covered in the Europe Business Process as a Service (BPaaS) Market are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe.

Germany dominates the Europe Business Process as a Service (BPaaS) Market because North America is home to renowned research institutions, universities, and technology companies that conduct cutting-edge research in photonics and integrated circuit technologies. This strong R&D ecosystem fosters innovation and drives advancements in Business Process as a Service (BPaaS) circuits.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

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

The Europe Business Process as a Service (BPaaS) Market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Europe Business Process as a Service (BPaaS) Market.

Some of the major players operating in the Europe Business Process as a Service (BPaaS) Market are:

• IBM Corporation (U.S.)
• Capgemini (France)
• Cognizant (U.S.)
• Oracle (U.S.)
• Wipro Limited (India)
• Accenture (Ireland)
• Tata Consultancy Services Limited (India)
• HCL Technologies Limited (India)
• NTT DATA, Inc. (U.S.)
• DXC Technology Company (U.S.)
• Open Text Corporation (Canada)
• FUJITSU (Japan)
• Genpact (U.S.)
• ADP, Inc. (U.S.)
• Alight (U.S.)
• UKG Inc. (U.S.)
• WNS (Holdings) Ltd. (India)
• Conduent, Inc. (U.S.)
• Expertel S.A "proceedit" (Luxembourg)
• TIBCO Software Inc. (U.S.)
• Entercoms (U.S.)
• Avaloq (Switzerland)
• Scheer PAS Deutschland GmbH (Germany)
• Ceridian HCM, Inc. (U.S.)