Business Process-as-a-service (BPaaS) Market is expected to reach USD 114.01 Billion by 2026 from USD 34.8 Billion in 2016 at a CAGR of 12.6%. Lower cost of infrastructure, rise in cloud adoption, increasing business process analytics are some of the major factors that are responsible for the growth of BPaaS market.
Business Process-as-a-service (BPaaS) MarketBusiness Process-as-a-service (BPaaS) Market is segmented by business process, organization size, vertical and geography. Market on the basis of a business process is segmented into HR Management, accounting and finance, sales and marketing, customer service and support, procurement, and supply chain, and operations. HR management sub-segment is considered to have the largest market share with customer service and support sub-segment projected to grow at a high CAGR during the forecast period.
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