Takin’ Care of Bizness

The global business process-as-a-service (BPaaS) industry generated $46.1 billion in 2020 and is expected to reach $128.9 billion by 2030. That means an 11.0% CAGR from 2021 to 2030.

Allied Market Research’s report, “Business Process-as-a-Service (BPaaS) Market”, shared the need for low-cost IT infrastructure and data accessibility. The rise in requirements for business process analytics is driving the growth of the global BPaaS market. The bad news is that lack of IT skills and knowledge in underdeveloped countries is restraining that market’s growth.

Source: https://www.alliedmarketresearch.com/business-process-as-a-service-bpaas-market