According to IMARC Group’s latest report, titled “Anything-as-a-Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global anything-as-a-service (XaaS) market size reached a value of US$ 198.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 624.1 Billion by 2027, exhibiting a CAGR of 20.08% during 2022-2027.
Anything-as-a-service (XaaS), also known as everything-as-a-service, refers to the availability of various services over the internet through cloud computing, instead of being provided by an enterprise within the premises. It is an extension of infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS). It assists in cost-cutting and simplifying the deployment and integration of cloud computing services. Besides this, XaaS helps organizations in minimizing their efforts in setting up and maintaining their IT infrastructure, thereby resulting in the need for fewer servers, hard disk drives and network switches.
COVID-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Anything-as-a-Service Market Trends:
The increasing adoption of cloud-based monitoring, coupled with the growing need for scalable storage services, represents one of the key factors which are strengthening the growth of the global XaaS market. Apart from this, organizations worldwide are currently undergoing digital transformation, which has resulted in the robust growth of corporate data. Cloud-based solutions offer affordable and efficient options for the storage of data, which is further contributing to the market growth. In line with this, the reducing cost of subscriptions with improved bandwidth and connectivity is also anticipated to bolster the market growth. Furthermore, XaaS is relatively easy to manage as it replaces the conventional methods and is highly customizable for supporting mobile workforces. Consequently, it finds applications in various industries, such as telecom, insurance, manufacturing, healthcare, government, and banking and finance.
Anything-as-a-Service Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the anything-as-a-service market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amazon Web Services, Inc. (AWS)
- Cisco Systems, Inc.
- Google LLC
- Hewlett-Packard Company (HP)
- National Electric Corporation (NEC)
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Alcatel-Lucent SA
- AT&T, Inc.
- Avaya, Inc.
- Big Switch Networks, Inc.
- CipherCloud, Inc.
- Commvault Systems, Inc.
- Dell Technologies, Inc.
- enStratus Networks LLC
- Telefonaktiebolaget LM Ericsson
- McAfee LLC (Intel Security)
- Juniper Networks, Inc.
- M5 Networks, Inc.
- Oracle Corporation
- Orange Business Services.
Key Market Segmentation:
The report has segmented the anything-as-a-service market on the basis of service area, industry and region.
Breakup by Service Area:
- Storage-as-a-Service
- Security-as-a-Service
- Unified Communications-as-a-Service
- Network-as-a-Service
- Database-as-a-Service
- Backend-as-a-Service
Breakup by Industry:
- IT and Telecom
- BFSI
- Manufacturing
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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