With Market Size Valued at $236.2 Billion by 2026, it`s a Healthy Outlook for the Global Public Cloud Business Process Services Market

SAN FRANCISCO, Sept. 1, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Public Cloud Business Process Services – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: May 2021
Executive Pool: 15642
Companies: 44 – Players covered include Accenture PLC; Cognizant Technology Solutions Corporation; Fujitsu Ltd.; IBM Corporation; Microsoft Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Government, BFSI, Healthcare, Telecommunication, Media and Entertainment, Energy and Utilities, Retail/Wholesale, Manufacturing, Transportation); Segment (Cloud Payment Services, Customer Management, E-commerce Enablement Services, Finance and Accounting Services, Supply Chain Management Services, Industry Operation, Human Resource Management Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Public Cloud Business Process Services Market to Reach $236.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Public Cloud Business Process Services estimated at US$81.7 Billion in the year 2020, is projected to reach a revised size of US$236.2 Billion by 2026, growing at a CAGR of 19.1% over the analysis period. Cloud Payment Services, one of the segments analyzed in the report, is projected to record a 20.9% CAGR and reach US$30 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Customer Management segment is readjusted to a revised 19.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $30.2 Billion in 2021, While China is Forecast to Reach $40.7 Billion by 2026
The Public Cloud Business Process Services market in the U.S. is estimated at US$30.2 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$40.7 Billion by the year 2026 trailing a CAGR of 18.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 15.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

E-commerce Enablement Services Segment to Reach US$29.1 Billion by the year 2026
In the global E-commerce Enablement Services segment, USA, Canada, Japan, China and Europe will drive the 16.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.2 Billion in the year 2020 will reach a projected size of US$26.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.