XaaS (Anything-as-a-Service) market Trends and Dynamics, Drivers, Competitive landscape

by Chris jackson Market Research

As 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 249 times.

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