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Everything-as-a-Service (XaaS) Market (Type - 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; Enterprise Size - SMEs, and Large Enterprises; Industry - BFSI, Government, Retail, Healthcare, Telecom & IT, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : September, 2021

  • Rep Id : ICT00294

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

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.


Everything-as-a-Service (XaaS) Market

 

Market Insight

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 offering.

 

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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.


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