Pune, India, April 10, 2019 -- /360iResearch/ -- The report "Global Public Cloud Business Process Services Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2025 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 5,163.50 million in 2018 and is projected to reach USD 18,124.68 million by 2025, growing at a CAGR of 19.65% from 2018 to 2025.
The major forces driving the growth of the public cloud business process services market include the standardizing software applications and business processes across a company and big data and the push for cloud. Moreover, need for cost-effective it infrastructure with the high level of and data accessibility and increased business agility due to an increase in cloud adoption across verticals are also some of the factors that are driving the market growth. However limited domain expertise and awareness, and rising security concerns over data on the cloud may hinder the market growth. In the middle of difficulty lies opportunity such as the enabling effective integration of different business processes, and embed analytical capabilities offering business insights. The possible challenges for the market growth is third party related integration and dependency issues. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on function, the global public cloud business process services market is studied across Cloud Payment Services, Customer Management, E-commerce Enablement Services, Finance & Accounting Services, Human Resource Management Services, Industry Operation, and Supply Chain Management Services. Based on industry, the global public cloud business process services market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global public cloud business process services market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the public cloud business process services market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Accenture, Inc., Amazon Web Services, Inc., Cognizant Worldwide Limited, Fujitsu Limited, International Business Machines Corporation, Kamatera, Inc., Microsoft Corporation, Oracle Corporation, SAP SE, VMware, Inc., and salesforce.com, inc..
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