Market Overview: The global XaaS (Anything-as-a-Service) market exhibited strong growth during 2015-2020.
XaaS is a form of cloud computing that delivers a variety of computer-based services and applications to users through the internet instead of physically providing them locally or on-site within an enterprise. It involves delivering services and applications on-demand or on a subscription basis which enables the consumers to reduce the cost of purchasing services from a provider.
Factors such as the increasing adoption of cloud-based monitoring and growing requirement of scalable storage services are among the key factors driving the global XaaS market. Organizations across the globe are undergoing digitalization transformational changes which has resulted in robust growth of corporate data. Cloud-based storage provides an efficient and economical option for the storage of this data. Moreover, the decreasing cost of purchasing subscribed services with improved bandwidth and connectivity is also expected to create a positive impact on the market growth. Additionally, the surging virtualization of IT solutions such as data center and network functionalities coupled with load balancers, intrusion detection, and firewalls are also contributing to the market growth. Apart from this, XaaS is easy to manage as it replaces the traditional complex methods and is highly customizable to support mobile workforces. As a result, it finds applications across sectors such as insurance, telecom, manufacturing, government, healthcare, finance, banking, etc. Looking forward, the analyst expects the global XaaS (Anything-as-a-Service) market to grow at a CAGR of 25.5% during 2021-2026
Report Coverage: Historical, Current and Future Market Trends
Market 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
Market Breakup by Industry IT and Telecom BFSI Manufacturing Others
Market Breakup by Region: North America Europe Asia Pacific Middle East and Africa Latin America
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being AWS, Cisco, Google, IBM, Microsoft, Alcatel-Lucent, AT&T, Avaya, BigSwitch, CipherCloud, CommonVault, Dell, enStratus Networks, Ericsson, HP, Intel Security (McAfee), Juniper Networks, M5 Networks, National Electric Corporation (NEC), Oracle, Orange Business Services, etc.
Key Questions Answered in This Report: 1. What is the market size for the global anything-as-a-service market? 2. What is the global anything-as-a-service market growth? 3. What are the global anything-as-a-service market drivers? 4. What are the key industry trends in the global anything-as-a-service market? 5. What is the impact of COVID-19 on the global anything-as-a-service market? 6. What is the global anything-as-a-service market breakup by service area? 7. What is the global anything-as-a-service market breakup by industry? 8. What are the major regions in the global anything-as-a-service market? 9. Who are the key companies/players in the global anything-as-a-service market?
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