What is the current Global Business-Process-as-a-Service Market size?

The Global Business-Process-as-a-Service Market is projected to register a CAGR of 10.89% during the forecast period (2024-2029) Read More

Who are the key players in Global Business-Process-as-a-Service Market?

IBM Corporation, Cognizant Technology Solutions Corporation, Fujitsu, Oracle and TATA Consultancy Services Limited are the major companies operating in the Global Business-Process-as-a-Service Market. Read More

Which is the fastest growing region in Global Business-Process-as-a-Service Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Business-Process-as-a-Service Market?

In 2024, the North America accounts for the largest market share in Global Business-Process-as-a-Service Market. Read More

What years does this Global Business-Process-as-a-Service Market cover?

The report covers the Global Business-Process-as-a-Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Business-Process-as-a-Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Global Business-Process-as-a-Service Market Share

Statistics for the 2023 & 2024 Global Business-Process-as-a-Service market share, created by Mordor Intelligence™ Industry Reports. Global Business-Process-as-a-Service share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global Business-Process-as-a-Service Industry

The business process as a-service market is moderately competitive, with many small and large players. The market appears to be mildly concentrated. The key strategies the major players adopt are product innovation and mergers and acquisitions to expand their reach and stay ahead of the competition. Some major players are IBM Corporation, Cognizant Technology Solutions Corporation, Fujitsu, Oracle, and TATA Consultancy Services Limited.

In October 2022, Tata Consultancy Services Limited launched a new collaboration with Microsoft. The partnership aims to leverage its deep domain knowledge in industrial control systems to create new AI-powered autonomous solutions on the Microsoft Azure Cloud using Project Bonsai, a low-code, secure, and compliant AI platform. TCS will use the low-code platform to speed up the development of these cutting-edge, self-driving solutions that can sense and respond in real time, optimizing equipment and processes.

In September 2022, IBM acquired Dialexa to speed up digital innovation. Dialexa is a United States-based digital product engineering services firm. Dialexa's consulting services for digital product engineering will improve IBM's hybrid cloud and AI capabilities. The acquisition is anticipated to broaden IBM's product engineering knowledge and enable it to provide clients with end-to-end digital transformation services.

Fujitsu launched Fujitsu Computing as a Service (CaaS) in April 2022 to speed up digital transformation (DX) and give customers around the world more power by giving them access to some of the most advanced computing technologies in the world through the cloud. The new services have begun with "Fujitsu Cloud Service HPC," which uses technology from the world's fastest supercomputer, Fugaku.

In April 2022, Wipro signed a final agreement to buy Rizing Intermediate Holdings, Inc. (Rizing), which would make Wipro a powerhouse in SAP consulting. The goal of the purchase is to combine Wipro's global reach with Rizing's in-depth knowledge of the industry and strategic SAP consulting skills. Following the purchase, Rizing will become a Wipro company, with Maiolo in charge.