Business Process as a Service - Jordan

  • Jordan
  • In Jordan, revenue in the Business Process as a Service market is anticipated to reach US$23.57m in 2024.
  • Furthermore, this revenue is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 12.62%, leading to a market volume of US$42.71m by 2029.
  • The average expenditure per employee in the Business Process as a Service market in Jordan is projected to attain US$7.46 in 2024.
  • In a global context, the highest revenue will be generated the United States, with an estimated figure of US$27,060.00m in 2024.
  • In Jordan, the Business Process as a Service in the Public Cloud market is increasingly attracting governmental interest, driven by digital transformation initiatives aimed at enhancing public sector efficiency.

Key regions: United States, United Kingdom, Canada, Australia, Japan

 
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Analyst Opinion

In Jordan, the Business Process as a Service Market within the Public Cloud Market is experiencing subdued growth. Factors such as low adoption rates, limited awareness, and lack of infrastructure are impacting the growth rate. However, with increasing government support and investments, the market is expected to witness significant growth in the coming years.

Customer preferences:
As Jordan's public cloud market continues to grow, there is a noticeable trend towards businesses outsourcing their business processes to third-party providers. This is primarily driven by the desire for cost-effective solutions and the need to streamline operations. Additionally, there is a growing preference for cloud-based solutions that offer scalability and flexibility, allowing businesses to adapt to changing market conditions and consumer demands. This shift towards Business Process as a Service (BPaaS) is also influenced by the increasing adoption of digital technologies in the country, as businesses seek to stay competitive in a rapidly evolving digital landscape.

Trends in the market:
Within the Business Process as a Service Market in the Public Cloud Market in Jordan, there is a growing trend of businesses adopting cloud-based solutions for their operations. This trend is driven by the need for flexibility, scalability, and cost-efficiency. With the increasing availability of cloud services in the country, both small and large enterprises are turning to cloud-based solutions for their business processes. This trajectory is significant as it allows businesses to streamline their operations and improve their productivity. Furthermore, it also opens up opportunities for cloud service providers and IT companies to offer customized solutions to meet the specific needs of different industries. However, with this trend comes the potential challenge of data security and compliance, which industry stakeholders must address to ensure the trust of their clients.

Local special circumstances:
In Jordan, the Business Process as a Service Market within the Public Cloud Market is influenced by the country's growing economy and government initiatives to promote digitalization. The market is also shaped by the country's unique geographical location, situated at the crossroads of the Middle East, which allows for easy access to neighboring markets. Additionally, cultural factors, such as the strong entrepreneurial spirit and skilled workforce, contribute to the growth of the market. Regulatory measures, such as the Jordanian Cloud Computing Policy, also play a significant role in shaping the market dynamics and promoting the adoption of cloud-based services in the country.

Underlying macroeconomic factors:
The growth of the Business Process as a Service Market within the Public Cloud Market in Jordan is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in digital infrastructure. Jordan has made significant progress in its digital transformation journey, with increased investments in cloud computing and other digital technologies. The country's favorable business environment, supportive government policies, and skilled labor force are also contributing to the growth of the market. Additionally, the country's stable economic growth and rising adoption of digital solutions by businesses are driving the demand for business process as a service in the public cloud market.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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