Business Process as A Service (BPaaS)

This post is dedicated to a hot topic in the IT & cloud sector which is 'Business Process as a Service' ,also known as 'Cloud Business Process Management. Lets start with the topic in concern. 'Business Process as a Service' (abbreviated as 'BPaaS') is a business process which is deployed on the basis of cloud computing service models. So, the basic question which arises here is, 'what does business process mean?'. Business Process is an activity or group of activities that are carried out to achieve a particular business oriented organisational goal. In BPaaS, such processes are carried out through cloud services. These cloud services include 'Software as a Service (SaaS)', 'Platform as a Service (PaaS)' and 'Infrastructure as a Service (IaaS)'. 

The primary objective behind BPaaS is to decrease the labor cost through increased automation. In BPaaS, business processes are uploaded to a specific cloud service. This cloud service performs and monitors these business processes. The companies which adopts BPaaS are provided with an opportunity to use cloud software in pay-per-use model. This eventually saves investment in hardware and maintenance. Thus in BPaaS, entire Business Process Management is based on Cloud Services. Hence, this concept is also known as 'Cloud based Business Process Management' (abbreviated as 'Cloud BPM').

                                                (Image Source:- it.toolbox.com)

Following are few benefits of Cloud BPM:-

• In cloud BPM, servers for managing and coordinating business process are not required. This results in reduction of expenditure meant for buying and maintaining these servers.
• The 'Pay Per Use' model is very convenient and saves money.
• Cloud BPM enables companies to access the solution from any geographical location. This heightened mobility provides companies with opportunity to grow and expand in less time.
• It allows companies to install new processes without much infrastructural expenditure. Thus, it leads to increased scalability.

                                          (Image Source:- bpmleader )

According to a well known research firm 'Marketsandmarkets', the global BPaaS and Cloud BPM market is estimated to grow from $1.09 billion in 2013 to $7.12 billion in 2018. This represents a Compound Annual Growth Rate (CAGR) 0f 45.55%. For more information about the BPaaS and Cloud BPM market, follow the link below :-
http://goo.gl/aG3gxt