The United States
business process as a service market is anticipated to grow at a steady CAGR in
the forecast period, 2023-2027. High-end investments by leading authorities for
technological advancements and expansion of the IT industry, and rapid adoption
of cloud-based platforms in organizations are the primary factors driving the
United States business process as a service market growth for the forecast
period. Also, the increasing need to lower maintenance and operational costs by
enterprises and surge in demand for business process analytics technology is
expected to propel the United States business process as a service market
growth.
High Adoption Rate of Business
Process as a Service in Enterprises Drives the Market Growth
Due to the ongoing economic
activities going around the country, enterprises are expanding their networks
and hiring more people to meet the customer's requirements. Companies are
making efforts to provide remote working facilities to increase accessibility
and boost employee productivity. Employees can access the data from distant
locations by using internet services, thereby creating the need for virtual
sets of applications such as storage, servers, networks, and others which are
expected to fuel the demand for the United States business process as a service
market.
Business process as a service
is an affordable alternative to run business operations that enables the
organization to focus on the core work and outsource other functions like
supply chain management, finance and accounting, and other essential services
to maximize profits are expected to boost the United States business process a
service market.
Surge in Demand for Business
Process Analytics Supports the Market Growth
An increase in the data
generated by the companies needs to be analyzed and processed to create
insights for informed decision-making in organizations. The complex nature of
unstructured data hinders the operations of the company. Organizations
belonging to different industry verticals invest in transforming business
operations and adopting algorithmic business processes, thereby creating huge
growth potential for the United States business process a service market.
Business process as a service can efficiently manage the large data flow with
high accuracy and address the need to improve process auditing and compliance
in different industries.
Increased demand for
Automation in Organization Fuels the Market Growth
Organizations adopt
advanced technologies and equipment to reduce manual labor costs and increase
employees' productivity. Business processes are categorized into different
categories based on process and prioritization, irrespective of the
organization's size. Improving business operations to boost work efficiency and
provide quality services to end-users is accelerating the adoption of
automation technology in organizations. Ongoing advancements, technological
infrastructure improvement, and the surging need to maintain processes
user-friendly and connected are expected to create lucrative opportunities for
the United States business process as a service market in the next five years.
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Market Segmentation
The United States business
process as a service market is segmented into size of
organization, process, end-user industry, deployment service type, regional
distribution, and company. Based on size of organization, the market is
divided into small and medium, large. Based on process, the market is divided
into human resource management, accounting and finance, sales and marketing,
supply chain management, others. Based on end-user industry, the market is
divided into government and defense, BFSI, IT and telecommunication,
healthcare, retail, manufacturing, and others. Based on deployment service
type, the market is divided into SaaS, PaaS, and IaaS. To analyze the
market based on the region, the United States business process as a service market
is studied in major regions namely southern region, western region, mid-western
region, and north-eastern region.
Market Players
Accenture, Capgemini,
Cognizant, EXL, IBM, Fujitsu, Genpact, Oracle, SAP, Microsoft, DXC, Concentrix,
Conduent, Entercoms, Nuevora, are the major market players operating in the United
States business process as a service market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Size of
Organization
·
Process
·
End-User
Industry
·
Deployment
Service
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Regional scope
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South, West, Mid-West, North-East
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Key companies profiled
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Accenture, Capgemini, Cognizant, EXL, IBM,
Fujitsu, Genpact, Oracle, SAP, Microsoft, DXC, Concentrix, Conduent, Entercoms,
Nuevora
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, United States business
process as a service market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- United States Business
Process as a Service Market, By Size of Organization:
- United States Business Process as a Service Market, By Process:
- Human Resource Management
- Accounting and Finance
- Sales and Marketing
- Supply Chain Management
- Others
- United States Business Process as a Service
Market, By End-User Industry:
- Government and Defense
- BFSI
- IT and Telecommunication
- Healthcare
- Retail
- Manufacturing
- Others
- United States Business
Process as a Service Market, By Deployment Service
Type:
- United States Business
Process as a Service Market, By Region:
- South
- West
- Mid-West
- North-East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United States business process as a
service market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United States business
process as a service market is an upcoming report to be released soon. If you
wish an early delivery of this report or want to confirm the date of release,
please contact us at [email protected]