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Business Process-as-a-Service Market Share

Report ID: GMI7246
Published Date: Nov 2023
Report Format: PDF

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Business Process-as-a-Service Market Share

Major companies operating in the business process-as-a-service industry are:

Accenture
Capgemini
Cognizant
Fujitsu
Genpact Ltd.
TATA Consultancy Services Limited
Wipro Limited

In the BPaaS market, major companies such as TATA Consultancy Services Limited and Wipro Limited dominate due to their extensive experience, advanced technology offerings, and global presence. Their competitive edge is further enhanced through continuous innovations, strategic partnerships, and comprehensive service portfolios.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of business process-as-a-service reached USD 56.5 billion in 2022 and is set to witness over 11% CAGR between 2023 and 2032, due to the rising integration of AI services into business processes.

Business process-as-a-service industry size from the large enterprises segment crossed USD 40 billion in 2022, owing to rising assistance to allow large enterprises to adapt swiftly to fluctuating demands without heavy investments.

North America garnered over 35% of the market share in 2022, attributed to the surging need for outsourcing tasks such as customer support, finance, and HR operations across the region.

Some of the major business-process-as-a-service providers are Accenture, Capgemini, Cognizant, Fujitsu, Genpact Ltd., TATA Consultancy Services Limited, and Wipro Limited.