XaaS (Anything-as-a-Service) market Trends and Dynamics, Drivers, Competitive landscape
by Chris jackson Market ResearchAs per the latest report by IMARC Group, The global XaaS
(Anything-as-a-Service) market grew at a CAGR of around 25.5% during
2021-2026. Looking forward, the market is expected to continue its moderate
growth during the next five years.
Anything-as-a-service
(XaaS) refers to an off-premises service wherein a wide range of IT resources
are provided to users over the cloud. A
service provider generally offers these services on the pay-per-use pricing
model and users only pay for what they use. It reduces capital expenditure,
minimizes downtime and disruptions, and ensures the smooth functioning of the
organization. Consequently, it is widely employed in telecommunication and
information technology (IT), and banking, financial services and insurance
(BFSI) sectors worldwide.
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Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Market
Trends:
Due to the rapid spread of the coronavirus disease (COVID-19), governments of numerous countries have imposed lockdowns, which has further impelled several organizations to shift to remote working models. Consequently, there is an increase in the demand for XaaS for providing remote data access. Apart from this, the growing need for managing massive data volumes in small and medium enterprises (SMEs) is also bolstering the market growth. Furthermore, the rising trend of network virtualization (NV) is expected to expand the application of XaaS in various end use industries.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/anything-as-a-service-market
Note: As the
novel coronavirus (COVID-19) crisis takes over the world, we are continuously
tracking the changes in the markets, as well as the purchase behaviours of the
consumers globally and our estimates about the latest market trends and
forecasts are being done after considering the impact of this pandemic.
Market
Segmentation:
The report
has segmented on the basis of service area, industry and region.
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 (SGX: AWS), Cisco (NASDAQ: CSCO), Google (NASDAQ: GOOGL),
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.
About Us
IMARC Group
is a leading market research company that offers management strategy and market
research worldwide. We partner with clients in all sectors and regions to
identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
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Created on May 13th 2021 01:32. Viewed 251 times.