Cloud adoption accelerating in UK BPS market

According to our latest analysis, the UK BPS market is set to grow rapidly over the next few years with compound annual growth of 7% between 2010 and 2014 - making it the fastest growing area of the established UK Software and IT services (SITS) market.

Within the BPS market there will be winners and losers however. Traditional ‘lift-and-shift’ BPO is coming under pressure as organisations increasingly adopt business process platforms such as life and pensions (L&P), human resources and revenues and benefits (R&B) administration systems that are more flexible, repeatable and provide increasing levels of automation. The emergence of the cloud is the catalyst for many of these changes, and it will encourage organisations to seek ‘platform-based’ business process services - otherwise known as Business Process as-a-Service (BPaaS) – as an alternative to the out-dated lift-and-shift model.

Subscribers to TechMarketView's BusinessProcessViews service can read our views on how the BPaaS market is likely to evolve over the next few years, and why it is destined to be the next big thing in the sector, along with the all-important UK BPS market size and forecasts, in our new report Business Process Services: UK Market Trends & Forecasts 2011.

Posted by John O'Brien at '15:29' - Tagged: bpaas   bps