Albany, NY -- (SBWIRE) -- 06/22/2016 -- MarketResearchReports.biz has announced the addition of a report, titled "Global Business Process Management As A Service Market 2016-2020." According to the report, the global business process management as a service market is expected to expand at a stupendous CAGR of 38.55% during the period 2016-2020. The report covers the market's competitive landscape and its growth prospects over the years.

The report provides an in-depth market analysis of the business process management as a service market (BPMaaS), which includes an industry policy analysis and industry news analysis. The growth prospects, key trends, drivers, and opportunities are discussed in detail. A comprehensive overview of the global business process management as a service market, including its definition, specifications, classification, application, and industry chain structure, is presented in the report.

Business process management is a series of value-added activities that are brought together to achieve a common goal. Business process is critical for all organizations as it is highly useful for generating revenues. Business process management is used for the connection, integration, and management of the service oriented process. A wide range of business processes are available for different business domains. While some businesses need strictly controlled processes, others need free-form and unstructured processes. Depending on the need, organizations can make use of business process management as a service for their benefit.

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All companies strive for higher productivity, improved risk management to cope with constantly changing customer needs. This can be accomplished by operational excellence, which can be achieved as a result of high quality work by standardizing the business process and product specifications.

The benefits of using business process management as a service are: The elimination of unclear data, reduced defects, and improved quality of work. Business process management helps businesses to reduce risk by identifying them before they turn into grave issues. Business process management mitigates risks, and is thus in demand by various organizations.

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The growth of the global business process management as a service market is due to the high demand for automated business processes that permit flexibility in response to fluctuating business conditions. The report segments the global business process management as a service market on the basis of geography into the Americas, Asia Pacific, and Europe, the Middle East and Africa (EMEA).

Major players operating in the global business process management as a service market have been profiled for the purpose of study. The companies included in the study are: CSC, Capgemini, IBM, Cognizant Tech., OpenText, Accenture, Oracle, Pegasystems, Colosa and SAP.

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