Increasing demand for virtual sets of IT applications like servers, networks, storage, and other applications is the key factor that is expected to boost the growth of the Business Process-as-a-Service (BPaaS) Market.

Business Process-as-a-Service (BPaaS) Market size was valued at US$ 56.41 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 11.22% through 2021 to 2027, reaching nearly US$ 118.75 Bn.

Market Analysis By Top Key Players: Accenture plc, Capgemini SE, Cognizant, Conduent Inc., Fujitsu Limited, HCL Technologies Limited, International Business Machines Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Limited, Tech Mahindra...

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 the BPaaS market.