Everything as a Service (XaaS) Market By Offerings (Solutions, Services), By Type (IaaS, PaaS, SaaS, CaaS, DaaS, SECaaS, DRaaS, Others), By Organization Size (Large Enterprise, SME's), By End Use Verticals (BFSI, IT and Telecommunications, Government, Media and Entertainment, Healthcare, Manufacturing, Oil and Gas, Metals and Mining, Petrochemicals, Energy and Utilities, Agriculture, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031
The global everything-as-a-service (XaaS) market was valued at $474.9 billion in 2021, and is projected to reach $2,631.1 billion by 2031, registering a CAGR of 18.9% from 2022 to 2031.
The solutions segment was the highest revenue contributor to the market, with $448.5 billion in 2021, and is estimated to reach $2,404.4 billion by 2031, with a CAGR of 18.5%. The services segment is estimated to reach $226.7 billion by 2031, at a significant CAGR of 24.1% during the forecast period.
Everything or anything delivered as a service is known as XaaS. Suppliers now offer a wide range of resources, technologies, and answers to customers in the form of digital services. Rather than being given to a corporation directly or on-site, this distribution often occurs through a system, such as the web. Anything as a service includes a variety of cloud and remote computer options. These solutions frequently involve an IT function that has been adjusted to meet a service model enabling businesses to consume digital content. Instead of typical buying license models that demand set, upfront payment regardless of usage quantity, some service providers offer flexible consuming and payment methods.
Some factors including rise in adoption of subscription-based pricing models, migration to cloud computing, and increase in need for better business operations and operational efficiency are funding more expensive IT service providers. Thus, growing data security concerns are likely to be detrimental. However, increase in use of IoT-as-a-service and AI-as-a-service is anticipated to boost market expansion.
The global XaaS market is divided into offering, type, organization size, end-use vertical, and region. The XaaS market research is segmented into offerings that is furthermore divided into services and solutions. By type, it is divided into IaaS, PaaS, SaaS, CaaS, DaaS, SECaaS, DRaaS, and others. On the basis of organization size, the market is bifurcated into large enterprises and small- & medium-sized enterprises (SMEs). In terms of end-use vertical, it can be categorized into BFSI, IT & telecommunications, government, media & entertainment, healthcare, manufacturing, oil & gas, metals & mining, petrochemicals, energy & utilities, agriculture, and others. The BFSI segment was the highest revenue contributor to the market, with $83.0 billion in 2021, and is estimated to reach $340.0 billion by 2031, with a CAGR of 15.3%. The IT & telecommunications segment is estimated to reach $270.1 billion by 2031, at a significant CAGR of 16.0% during the forecast period.
Region wise, the XaaS market trends are analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor, accounting for $265.0 billion in 2021, and is estimated to reach $1,244.5 billion by 2031, with a CAGR of 17.0%. Asia-Pacific is estimated to reach $734.1 billion by 2031, at a significant CAGR of 21.6%.
The key players operating in the market include Accenture LLP, Alibaba Group Holding Limited, Alphabet Inc. (Google Corporation), Amazon.com Inc. (AWS), AT&T Inc., Cisco Systems, HCL Technologies Limited, IBM Corporation, Microsoft Corporation, Nokia Corporation, Oracle Corporation, and SAP SE.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the everything as a service (xaas) market analysis from 2021 to 2031 to identify the prevailing everything as a service (xaas) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the everything as a service (xaas) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global everything as a service (xaas) market trends, key players, market segments, application areas, and market growth strategies.
Product Life Cycles
Additional company profiles with specific to client's interest
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Key Market SegmentsBy OfferingsSolutions
Services
By TypeSaaS
CaaS
DaaS
SECaaS
IaaS
PaaS
DRaaS
Others
By Organization SizeLarge Enterprise
SME's
By End Use VerticalsBFSI
IT and Telecommunications
Government
Media and Entertainment
Healthcare
Manufacturing
Oil and Gas
Metals and Mining
Petrochemicals
Energy and Utilities
Agriculture
Others
By RegionNorth America
U.S.
Canada
Europe
Germany
Italy
France
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersCisco Systems Inc.
ibm corporation
Amazon.com Inc.
SAP SE
ALIBABA GROUP HOLDING LIMITED
Nokia Corporation.
Accenture PLC
Microsoft Corporation
Oracle Corporation
HCL Technologies Limited
AT&T Intellectual Property II, L.P.
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