Global Business-Process-as-a-Service (BPaaS) Market Outlook to 2023: A $16.47 Billion Opportunity - ResearchAndMarkets.com
Summary
The market has tremendous expansion opportunities during the forecast period owing to favorable support from governments worldwide and increased adoption of cloud-based business process outsourcing (BPO) model, especially by small and medium-sized enterprise (SMEs).Growing adoption of cloud-based services by SMEs has increased the demand for customized standard applications, used to meet specific business needs.Enterprises are moving their business process to the cloud to gain a competitive advantage across all major verticals in the emerging market.The acquisition will strengthen Wipro Digitals design and innovation capabilities, expanding its reach in North America.Rising Need for the Reduction of Operational Costs and Improvement of Productivity BFSI Sector to Record Steady Growth During the Forecast Period North America Poised to Dominate BPaaS Market