According to Technavio, the Business Process Management as a Service (BPMaaS) Market will witness a robust increase of USD 65.54 billion, growing at a CAGR of 42.32% from 2023 to 2028. This surge is attributed to the growing reliance on process automation and cloud-based services as companies aim to streamline operations and adapt to the rapidly changing digital landscape. The shift towards greater efficiency, productivity, and agility is encouraging businesses to invest in cutting-edge BPM solutions, thus driving continuous innovation and growth in the market.

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