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Anything-as-a-Service (XaaS) Market Purchasing Intelligence Report with COVID-19 Impact Analysis

The Global XaaS (Anything-as-a-Service) market has grown at a CAGR of around 25.5% over the period 2021-2026. Looking ahead, the market is expected to continue to grow moderately over the next five years, according to a new report from IMARC Group.

Anything-as-a-service (XaaS) refers to an offsite service in which a wide range of computing resources are delivered to users in the cloud. A service provider typically offers these services on a pay-as-you-go model and users pay only for what they use. It reduces capital expenditure, minimizes downtime and interruptions, and keeps the organization running smoothly. Hence, it is widely used in the telecommunications and information technology (IT) and banking, financial services and insurance (BFSI) industries around the world.

Market trends:

Due to the rapid spread of the coronavirus disease (COVID-19), governments in many countries have imposed lockdowns, which has further prompted several organizations to switch to remote working models. Hence, there is an increase in demand for XaaS to provide remote data access. Apart from this, the growing need to handle massive data volumes in small and medium-sized enterprises (SMBs) is also driving the growth of the market. In addition, the rising trend of Network Virtualization (NV) is expected to expand the application of XaaS in various end-use industries.

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Note: As a new coronavirus (COVID-19[female[feminine) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the purchasing behaviors of consumers around the world and our estimations on the latest market trends and forecasts are made after considering the impact of this pandemic.

Market segmentation :

Market breakdown 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 breakdown by industry

  • IT and telecom
  • BFSI
  • Manufacturing
  • Others

Market breakdown by region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

View the report table of contents, figures and tables:

Competitive landscape:

The report also analyzed the competitive landscape of the market with some of the major 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.

We update our reports, if you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click request free sample report, the published report will be delivered to you in PDF format by email in 24-48 hours.

Highlights of the report:

  • Market performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market trends
  • Market drivers and success factors
  • The impact of COVID-19 on the global market
  • Value chain analysis
  • Global market structure
  • Complete 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 part of the customization.

About Us

The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.

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