Business Process as a Service (BPaaS) Market to Grow at Double Digit CAGR through 2027
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Increasing demand for low-cost IT infrastructure and surging integration of IOT and robotic process automation to drive the growth of the market in the forecast period . According to TechSci Research report, Business Process as a Service (BPaaS) Market - Global Size, Share, Trends, Opportunity, and Forecast. 2017-2027 Global business process as a service market is expected to grow at an impressive rate through 2027. To allow business process outsourcing (BPO) via a cloud computing service paradigm, cloud service providers like Genpact, IBM Corporation, Fujitsu Limited, and Capgemini have started offering business process services and a comprehensive solution package. Traditional business process services also strive to minimize labor expenses; however, BPaaS attempts to do so via increasing automation. The two pricing structures for BPaaS are subscription-based and consumption-based. One of the main reasons fueling the market's expansion is the growing need fo...