Skip to main content

Public Cloud Business Process Services Market Technological breakthroughs, Value chain and stakeholder analysis

The global Public Cloud Business Process Services Market has been foretold to register a colossal demand until the end of 2022 on account of the need to enhance agility in business processes. Moreover, the need for cost control measures could add to the demand for public cloud business process services. This could play a critical part in shaping the future of the market alongside cloud business process management (BPM). Both public cloud business process as a service (BPaaS) and cloud BPM have been anticipated to have a bright future across all major verticals while enjoying a lasting growth for years to arrive. One of the crucial factors spurring the growth of the market could be the rising demand for the virtualization and automation of workplaces.

As per the statistics obtained by Transparency Market Research (TMR), the global public cloud business process services market could reach a revenue of US$139.1 bn by the end of 2022 at a 21.7% CAGR between 2017 and 2022. In 2017, the market had scored a revenue of US$52.0 bn.


Global Public Cloud Business Process Services Market: Major Insights

The world public cloud business process services market has been prophesied to receive a strong momentum in growth on the back of certain positive factors. A large count of business organizations have been demanding cost-effective solutions for streamlining their processes to survive neck-and-neck competitions. Moreover, there has been a growing trend of the deployment of cloud computing technology across the world. In addition to that, automated outsourcing and software development have been conducted in full swing. All of these factors have been envisioned to work as growth catalysts for the market.

According to the lead authors of the report, the international public cloud business process services market could be segmented as per process, vertical, and enterprise. While there could be several processes upping the demand for public cloud business process services, human resource management services have been projected to hold on to an outdoing share of 27.1% in 2022. Human resource utilities could be largely adopted for the purpose of focusing on strategic initiatives, increasing operational efficiency, and curbing expenditure.


The international public cloud business process services market could witness the supremacy taken over by Asia Pacific except Japan. This region has been predicted to post a mammoth CAGR of 46.6%. Even in respect of share, the regional market could win the race, putting behind major regions such as North America and Europe. Where Europe could rake in an average share in the market by 2022, North America has been expected to double its share from where it stood at in 2017. The Middle East and Africa (MEA) and Japan, however, could be on the slower side of growth.

Global Public Cloud Business Process Services Market: Vendor Landscape

The introduction of new solutions and products in the worldwide public cloud business process services market could aggravate the level of competition. Companies could take to similar strategies to keep themselves afloat in the market. Oracle Corp., Amazon Web Services, Inc., Salesforce.Com, Inc., SAP SE, and VMware, Inc. have been foreseen to be among the leading players in the market.


In terms of share, Asia Pacific except Japan (APEJ) could secure a greater percentage of absolute growth in the foreseeable future. By the end of the aforementioned forecast period, the regional market for public cloud business process services could boast of a stunning share of US$58.6 bn. By the same year, North America is projected to exhibit a more than double the share achieved in 2017. Next to rank could be Europe with a decent share estimated to be earned in future. Nonetheless, there could be some expectations placed on other geographical markets such as the Middle East and Africa (MEA) and Japan.


Prominent players such as Accenture PLC, Cognizant Technology Solutions Corporation, Microsoft Corp., IBM Corporation, and Fujitsu Limited could make their presence known in the worldwide public cloud business process services market.

Comments

Post a Comment

Popular posts from this blog

Global Thin Wafer Processing and Dicing Equipment Market - A cutting-edge technology, industry survey and new business opportunities 2024

Global Thin Wafer Processing and Dicing Equipment Market: Overview Rising demand for three dimensional integrated circuit used extensively across various miniature semiconductor devices is one of the important factor anticipated to boost the demand for thin wafer processing and dicing equipment in the coming years. Three dimensional integrated circuit are increasingly adopted across various space constrained applications including portable consumer electronic devices, sensors, MEMS and industrial products as it increases the overall performance of the products in terms of speed, durability, low power consumption, light weight and memory. Moreover, three dimensional integrated circuit also helps to reduce the area of consumption in a printed circuit board and in turn enables extensive cost reduction. Thin wafer of thickness 20 um – 50 um is an integral part of the three dimensional integrated circuit technology. Thus, anticipated increasing demand for three dimensional integra...
1 comment
Read more

Data Science Platform Market Set to Witness Significant Growth in the Coming Years

Data Science Platform Market: Overview Big data, advance analytics and predictive modeling are now becoming indispensable part of business houses, who are striving to optimize decision-making and deliver value to customers. With rise in enormous data generated in various digital platforms and corresponding increase in use of various data analytics tool the phrase “data science platform” has been tossed around about a lot recently. Data science platforms are supposed to be an arena where plethora of various data scientists works are collected. In colloquial term, data science platform terms defines that it provides various algorithm integrated with analytical tools that help data analyst to cluster and explore data from varied sources, and further design and implement models. These models sought from data science platform helps in framing decisions and strategies. Data science platform assist wide array of various suite of tools that is being introduced subsequently implemented ...
Post a Comment
Read more

Harbor Management System Market: Market Scope and Size by Application

Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Harbor management software assists in maintaining the safety and security of vessels. Certain type of this harbor management software has a facility wherein it can trace vessels near the harbor within a specific range. The vessels can be viewed through graphics. This helps harbor managers in identifying if a vessel is in the wrong location or if the vessel’s location information is incorrect. Through the graphical overview, harbor managers can also recognize if the vessels are moving toward each other, which can lead to a collision and can alert the vessels to divert their route a bit from t...
Post a Comment
Read more