NEWARK, Del, Aug. 10, 2022 (GLOBE NEWSWIRE) — According to a latest report by FMI, the global Business as a Service (BaaS) market is expected to grow at a mammoth CAGR of 20.2% during the forecast period. The valuation of this market stands at US$ 170800 million as on 2022, and it is anticipated to be valued at US$ 1074100 million in 2032.
If we view the Business as a Service (BaaS) as a very basic form of business service, it is like giving the business the much-required head start. The businesses can promote their products/services through A2P messaging, wherein the messages will be sent through an application, rather than a person, and the message can be related to marketing communications, notifications, etc. From the very basic level itself, sky is the limit for the business opportunities.
The applications of Business as a Service are not only limited to messaging.