Global Public Cloud Business Process Services Market was valued at USD 75.13 Bn in 2019 and is expected to reach at USD 349.81 Bn by 2027 at a CAGR of 21.2 over forecast period 2020-2027.
Global Public Cloud Business Process Services Market
The report covers an in depth analysis of COVID 19 pandemic impact on Global Public Cloud Business Process Services Market by region and on the key players revenue affected till April 2020 and is expected short term and long term impact on the market.
Global Public Cloud Business Process Services Market Dynamics:
A Public Cloud Business Process Services are cloud computing models, which delivers automated business outcomes for vertical as well as horizontal business processes. Major driver for the growth of market are rise in adoption of digitization, automation, mobility, and analytics which are expected to drive the Global Public Cloud Business Process Services Market over forecast period. The Public Cloud Business Process solutions are used in various industries such as BFSI, Manufacturing, Retail & consumer goods, Healthcare & Life Science, and educations which help the business to increase the productivity, reduce the cost, and render reliable services. An Enterprises are moving their business process to customized cloud based services which meet the specific business needs and gain the competitive advantage in the emerging market.
However, high cost associated with cloud solutions and lack of technical expertise and infrastructure is restraining the market growth over forecast period.