The global anything-as-a-service (XaaS) market size reached US$ 282.6 billion in 2023. The market is projected to reach US$ 1,122.5 billion by 2032, exhibiting a growth rate (CAGR) of 16.56% during 2023-2032.
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.
2. What is the expected growth rate of the global anything-as-a-service market during 2024-2032?
3. What are the key factors driving the global anything-as-a-service market?
4. What has been the impact of COVID-19 on the global anything-as-a-service market?
5. What is the breakup of the global anything-as-a-service market based on the service area?
6. What is the breakup of the global anything-as-a-service market based on the industry?
7. What are the key regions in the global anything-as-a-service market?
8. Who are the key players/companies in the global anything-as-a-service market?
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.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global anything-as-a-service (XaaS) market report, along with forecasts at the global and regional level from 2023-2032. The report has categorized the market based on service area and industry.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
- 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 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 and Orange Business Services.Key Questions Answered in This Report
1. What was the size of the global anything-as-a-service market in 2023?2. What is the expected growth rate of the global anything-as-a-service market during 2024-2032?
3. What are the key factors driving the global anything-as-a-service market?
4. What has been the impact of COVID-19 on the global anything-as-a-service market?
5. What is the breakup of the global anything-as-a-service market based on the service area?
6. What is the breakup of the global anything-as-a-service market based on the industry?
7. What are the key regions in the global anything-as-a-service market?
8. Who are the key players/companies in the global anything-as-a-service market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Anything-as-a-Service Market
6 Market Breakup by Service Area
7 Market Breakup by Industry
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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 and Orange Business Services
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 141 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 282.6 Billion |
| Forecasted Market Value ( USD | $ 1122 Billion |
| Compound Annual Growth Rate | 16.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
