Business Process as a Service - Bahrain

Revenue in the Business Process as a Service market is projected to reach US$13.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.40%, resulting in a market volume of US$22.82m by 2029.
The average spend per employee in the Business Process as a Service market is projected to reach US$15.02 in 2024.
In global comparison, most revenue will be generated United States (US$27.06bn in 2024).

Definition:

Business Process as a Service (BPaaS) refers to the type of public cloud service that provides a comprehensive suite of cloud-based solutions designed to streamline and optimize various business processes. BPaaS providers offer a range of services, such as finance and accounting, human resources, customer service, and supply chain management, all delivered through the cloud. The BPaaS market includes the companies that provide these types of public cloud resources and services to individuals, businesses, and organizations. A typical example of this type of service is Accenture BpaaS.

Additional Information:

The Business Process as a Service (BPaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the BPaaS market include companies such as Accenture, IBM, Genpact, Deloitte, and Capgemini.

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Payroll processing services, such as ADP Workforce Now, Paychex, and Gusto
Human resources (HR) functions, such as Workday, Oracle HCM Cloud, and BambooHR
Customer relationship management (CRM) services, such as Salesforce, Microsoft Dynamics 365 CRM, and Zoho CRM
Accounting and finance services, such as Intuit QuickBooks Online, Xero, and FreshBooks
Procurement and supply chain management (SCM) solutions, such as Oracle SCM Cloud, SAP Integrated Business Planning (IBP), and Kinaxis RapidResponse

Enterprise software, such as SAP ERP, Oracle Database, and Microsoft SharePoint
Productivity software, such as Microsoft 365, Google Workspace, and Adobe Creative Suite
Private cloud services, such as VMware vCloud Suite, Microsoft Azure Stack HCI, and IBM Cloud Private
Physical data centers, such as those operated by Equinix, Digital Realty, or local providers

The Business Process as a Service Market within the Public Cloud Market in Bahrain is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies and limited awareness among consumers. Online health services offer convenience, but the market's growth rate remains constrained.

Customer preferences: With the growing adoption of cloud-based services in Bahrain, the Business Process as a Service Market within the Public Cloud Market has seen a significant rise in demand. This can be attributed to the increasing preference for cost-effective and efficient solutions among businesses. Additionally, the rise of remote work due to the COVID-19 pandemic has further accelerated the adoption of cloud-based services, allowing companies to streamline their operations and improve collaboration among employees. As a result, the Business Process as a Service Market is expected to witness sustained growth in the coming years, driven by the evolving work culture and digital transformation efforts in Bahrain.

Trends in the market: In Bahrain, the Business Process as a Service Market within the Public Cloud Market is seeing a rising demand for cloud-based solutions as businesses embrace digital transformation. This trend is expected to continue, with a focus on cost efficiency, scalability, and agility. Additionally, with the rise of remote work, there is a growing need for virtual collaboration and communication tools, leading to an increase in demand for cloud-based communication and project management platforms. These trends have significant implications for stakeholders, including increased competition, a shift towards subscription-based models, and the need for continuous innovation to stay relevant in the market.

Local special circumstances: In Bahrain, the Business Process as a Service Market within the Public Cloud Market is heavily influenced by the country's strategic location in the Gulf region, making it an attractive destination for global businesses. The market also benefits from the country's well-developed infrastructure and favorable business environment. Additionally, Bahrain's government has been actively promoting digital transformation, which has resulted in the adoption of cloud-based solutions by local businesses. Furthermore, the country's diverse and multicultural population has created a demand for customized business process services, driving the growth of the market.

Underlying macroeconomic factors: The growth of the Business Process as a Service Market within the Public Cloud Market in Bahrain is heavily influenced by macroeconomic factors such as government initiatives to promote digital transformation, increasing adoption of cloud-based solutions, and the country's strong economic growth. Bahrain's government has invested heavily in developing its digital infrastructure, making it an attractive market for cloud-based services. Additionally, the country's strategic location and business-friendly policies have attracted global players to establish their presence in Bahrain, further driving the demand for cloud-based solutions. Moreover, the rising trend of remote work and the need for efficient business processes have also contributed to the growth of the Business Process as a Service Market within the Public Cloud Market in Bahrain.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.