XAAS Market to Hit US$ 674.5 Billion by 2028, with a CAGR of 18.4% – Exclusive Report by IMARC Group

March 15 09:08 2023
XAAS Market to Hit US$ 674.5 Billion by 2028, with a CAGR of 18.4% - Exclusive Report by IMARC Group
The report has segmented the anything-as-a-service market on the basis of service area, industry and region.

According to IMARC Group’s latest report, titled “Xaas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The global XaaS market size reached US$ 238.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 674.5 Billion by 2028, exhibiting a growth rate (CAGR) of 18.4% during 2023-2028.

Anything-as-a-service (XaaS) also called as everything-as-a-service, refers to the availability of numerous 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). XaaS aids in cost-cutting and simplifying the deployment and integration of cloud computing services. It assists 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.

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Anything-as-a-Service Market Trends:

The widespread adoption of cloud-based monitoring and the elevating requirement for scalable storage services are among the key factors stimulating the anything-as-a-service market. Moreover, organizations across the globe are currently undergoing digital transformation, which has resulted in the robust growth of corporate data, is acting as another significant growth-inducing factor. Besides this, the rising usage of cloud-based solutions, as they offer affordable and efficient options for the storage of data, is positively influencing the global market. Furthermore, the reduced cost of subscriptions with improved bandwidth and connectivity is also propelling the xaas market growth. Apart from this, the increasing utilization of XaaS, which is relatively easy to manage as it replaces conventional methods and is highly customizable for supporting mobile workforces, is further fueling the global anything as a service market. Additionally, the inflating virtualization of IT solutions, including data center and network functionalities, and load balancers, intrusion detection, and firewalls is also driving the market growth. In addition to this, the growing demand for managing massive data volumes in small and medium enterprises (SMEs) is anticipated to fuel the anything-as-a-service market over the forecasted period.

Anything-as-a-Service Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the anything-as-a-service market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Amazon Web Services, Inc. (AWS)
  • Cisco Systems, Inc.
  • Google LLC
  • Hewlett-Packard Company (HP)
  • National Electric Corporation (NEC)
  • International Business Machines Corporation (IBM)
  • Microsoft Corporation
  • Alcatel-Lucent SA
  • AT&T, Inc.
  • Avaya, Inc.
  • Big Switch Networks, Inc.
  • CipherCloud, Inc.
  • Commvault Systems, Inc.
  • Dell Technologies, Inc.
  • enStratus Networks LLC
  • Telefonaktiebolaget LM Ericsson
  • McAfee LLC (Intel Security)
  • Juniper Networks, Inc.
  • M5 Networks, Inc.
  • Oracle Corporation
  • Orange Business Services.


Key Market Segmentation:

The report has segmented the market into the following categories:

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


Breakup by Industry:

  • IT and Telecom
  • BFSI
  • Manufacturing
  • Others


Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)


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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive 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 a part of the customization.

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