A recent report published by
Infinium Global Research on everything-as-a-service (XaaS) market provides
in-depth analysis of segments and sub-segments in the global as well as
regional everything-as-a-service market. The study also highlights the impact
of drivers, restraints, and macro indicators on the global and regional
everything-as-a-service market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global everything-as-a-service market. According to the report, the global
everything-as-a-service market is projected to grow at a CAGR of 24.80% over
the forecast period of 2021-2027.
The everything-as-a-service market
was valued at USD 180.29 billion in 2021 and is expected to reach USD 680.03
billion in 2027, growing with a CAGR of around 24.80% during the forecast
period. Everything-as-a-Service also called anything-as-a-service forms the
core of cloud computing. A growing number of services and utilities delivered
through the cloud, and the ability to combine these into a single virtual
service are leading to increased everything-as-a-service market traction. Furthermore,
everything-as-a-service includes services and applications that users can
access on the Internet upon request. Enterprises are espousing
everything-as-a-service because the as-a-service model provides cost reduction,
abridges IT deployments, and guarantees a streamlined technology experience.
Additionally, it presents a massive opportunity to capture innovative revenue
streams, bundling IaaS, SaaS, HwaaS, core business services, and IoT into one
Factors such as the growing
adoption of cloud-based monitoring and demand for scalable storage services are
some of the key factors boosting the everything-as-a-service market.
Furthermore, enterprises across the globe are undergoing digitalization
transformational changes, which have resulted in the robust growth of corporate
data. Cloud-based storage delivers an effective and economical option for data
storage. The growing preference of businesses on cloud-based architecture is
pouring the growth of everything-as-a-service. In addition, the declining cost
of purchasing subscribed services with improved bandwidth and connectivity is
also projected to create positive opportunities for the everything-as-a-service
industry growth. However, factors such as security and transparency issues are
expected to hamper the market growth.
Among the geographies, the North
American region is expected to hold the largest share in the global
everything-as-a-service market. The dominance of this region can be accredited
to the presence of a huge number of technologically advanced industries, for
example, retail, BFSI, and IT and telecommunication in North America which are
quickly adopting everything-as-a-service for improved management of resources.
However, Asia Pacific is projected to be the fastest-growing market in the
global everything-as-a-service market over the projection period. A speedily
increasing number of enterprises adopting these solutions across the BFSI, IT
and telecom, and retail industries and the growing demand for advanced solutions
for enhanced control over business in the region are the key driving factors
for the growth of the everything-as-a-service market in the region.
The report on global
everything-as-a-service market covers segments such as type, enterprise size,
and industry. On the basis of type, the sub-markets include
security-as-a-service, unified communications-as-a-service,
storage-as-a-service, network-as-a-service, database-as-a-service, and
backend-as-a-service. On the basis of enterprise size, the sub-markets include SMEs, and large enterprises. On the basis of industry, the sub-markets
include BFSI, government, retail, healthcare, telecom & IT, and others.
The report provides profiles of
the companies in the market such as Google, IBM, Microsoft, AT&T, Dell,
Avaya, Rackspace, VMware, Amazon Web Services, and Orange Business Services.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of everything-as-a-service market. Moreover, the study highlights
current market trends and provides forecast from 2021-2027. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.