What is XaaS Market?
Anything-as-a-service (XaaS), also known as everything-as-a-service, refers to the availability of various services over the internet through cloud computing, instead of being provided by an enterprise within the premises. It is an extension of infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS). It assists in cost-cutting and simplifying the deployment and integration of cloud computing services. Besides this, XaaS helps organizations in minimizing their efforts in setting up and maintaining their IT infrastructure, thereby resulting in the need for fewer servers, hard disk drives and network switches.
The market study is being classified, by Application (Large Enterprises and Small and Medium-sized Enterprises (SMEs)) and major geographies with country level break-up.
Ingram Micro (United States), Abiquo (United Kingdom), AccelOps (United States), Akamai (United States), Apprenda (United States), AWS (United States), Google (United States), DigitalOcean (United States), Microsoft (United States) and Oracle (United States) are some of the key players profiled in the study.
Despite the presence of competition and brand effect problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area. There will be more new investors entering into this industry in the future. The manufacturers who want to occupy the market must depend on market mechanism reform, manufacturing equipment innovation, core technology improvement and brand establishment. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global XaaS market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global XaaS market by Type, Application and Region.
On the basis of geography, the market of XaaS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing adoption of cloud-based monitoring
- Growing need for scalable storage services
- Affordable and efficient options for the storage of data
- Relatively easy to manage as it replaces the conventional methods
Market Trend
- Organizations worldwide are currently undergoing digital transformation
- Highly customizable for supporting mobile workforces
Restraints
- Bandwidth and connectivity issues
Opportunities
- Reducing cost of subscriptions with improved bandwidth and connectivity
Challenges
- Occurrence of error
- Lack of skilled workforce among enterprise
Key Target Audience
XaaS providers, Traders, Importer and Exporter, Raw material suppliers and distributors, Research and consulting firms, Government and research organizations and Associations and industry bodies