BPaaS Market

Leading Companies in BPaaS Industry - Accenture (Ireland) and TCS (India)

The BPaaS market is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period, from USD 63.3 billion by 2023 to USD 92.9 billion by 2028. The adoption of BPaaS solutions is expected to be driven by the increasing need of organizations to enhance business efficiency, improve scalability and flexibility, and make informed decisions.

Major vendors in this market are in North America, Europe, and the Asia Pacific region. Accenture (Ireland), Capgemini (France), Cognizant (US), IBM (US), and HCL (India) are among the leading players operating in the BPaaS market. These players have adopted many growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, collaborations, mergers, acquisitions, and new product development activities to expand market presence.

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ACCENTURE

Accenture is an Irish American company that provides global professional services and is renowned for its expertise in digital, cloud, and security solutions. With a workforce of over 700,000 professionals spanning more than 120 countries, Accenture delivers a wide array of services across Strategy and Consulting, Interactive, Technology, and Operations domains. Leveraging its experience and specialized skills across over 40 industries, Accenture empowers clients to navigate complex challenges and capitalize on emerging opportunities. One of Accenture's key strengths lies in its leadership in the BPaaS market. By offering BPaaS services through a cloud computing service model, Accenture facilitates efficient business process outsourcing (BPO) solutions. This approach enables clients to streamline operations, enhance agility, and drive innovation while leveraging Accenture's robust technological capabilities and global delivery network.

TCS

TCS stands out as a prominent figure in the BPaaS sector, boasting a diverse range of offerings tailored to meet the evolving needs of businesses worldwide. Within its BPaaS landscape, TCS operates across multiple business segments, including Financial and Accounting BPaaS, Industry-Specific solutions such as those for life sciences, healthcare, manufacturing, and telecom, as well as Horizontal BPaaS covering essential functions like HR and customer service. Its global presence spans key regions like North America, Europe, and Asia Pacific, supported by delivery centers in 55 countries, facilitating close collaboration with clients and cultural understanding. TCS maintains a stronghold in various industry verticals, with significant emphasis on BFSI, telecommunications, retail, healthcare, manufacturing, and life sciences sectors. Key differentiators include its consulting-led approach, leveraging expertise in hybrid cloud deployment, and a steadfast commitment to innovation through automation and AI integration. By offering industry-specific solutions and deep domain knowledge, TCS remains well-positioned for sustained growth in the competitive BPaaS market while acknowledging the need for ongoing enhancements to meet evolving client expectations and industry dynamics.

Related Reports:

BPaaS Market by Business Process (Human Resource Management, Customer Service & Support, Accounting & Finance), Deployment Model, Organization Size, Vertical (BFSI, Retail & eCommerce, Manufacturing, IT & Telecom) and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

BPaaS Market Size,  Share & Growth Report
Report Code
TC 1440
RI Published ON
2/27/2024
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