About the Anything-as-a-Service (XaaS) Market
XaaS is a cloud computing term that delivers a variety of services and applications to users via the Internet. XaaS also known as everything-as-a-service refers to the increasing number of services delivered through cloud over the Internet rather than providing locally or on-premises. The most common service types of XaaS are software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). Other examples of XaaS include UCaaS, STaaS, MaaS, NaaS, DRaaS, SECaaS, and BaaS. XaaS offers a wide variety of services and applications to users on demand. It enables businesses to reduce cost by purchasing services from cloud providers on a subscription basis. Its pay-per-use model shifts the cost from capital expenditure to operational spending. Enterprises are increasingly embracing XaaS with the rapid evolution and adoption of cloud computing.
Technavio’s analysts forecast the global XaaS market to grow at a CAGR of 38.22% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global XaaS market for 2016-2020. To calculate the market size, we consider the revenue generated from services, such as storage-as-a-service (STaaS), security-as-a-service (SECaaS), unified communications-as-a-service (UCaaS), network-as-a-service (NaaS), database-as-a-service (DBaaS), and backup-as-a-service (BaaS).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Anything-as-a-Service (XaaS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global anything-as-a-service (XaaS) market: AWS, Cisco Systems, Google, IBM and Microsoft.
Other Prominent Vendors in the market are: Alcatel-Lucent, AT&T, Avaya, BigSwitch, CipherCloud, CommonVault, Dell, enStratus Networks, Ericcson, HP, Intel Security (McAfee), Juniper Networks, M5 Networks, National Electric Corporation (NEC), Oracle, Orange Business Services, Rackspace, RightScale, Salesforce.com, Symantec, Thinking Phone Networks, Verizon Enterprise Solutions, and VMWare.
Commenting on the report, an analyst from Technavio’s team said: “A trend that will boost market growth is the increasing adoption of MaaS. A diverse mix of IT delivery models are available in the market, ranging from outsourcing, in-premise to public cloud services. Organizations seeking to optimize their business performance need efficient monitoring of processes in all departments. Using on premise solutions to monitor each system proves costlier, inefficient, and ultimately ineffective in the long run. In today’s dynamic IT environments, a unified view of all infrastructure is necessary to truly understand and optimize performance. An enterprise can choose its system to run on the public or private clouds, remotely hosted environments, data centers, or in combination of these.”
According to the report, a key growth driver is the growing need for scalable storage. Organizations across industries are undergoing major digital transformational changes. The inherent benefits of digitization, such as better decision making, improved customer relationships, efficient resource planning, innovations in products and services, and cost savings, have boosted the adoption of digital technologies. This has resulted in the exponential growth of corporate data. For instance, the healthcare industry has been generating large volumes of digital data due to rapid digitization of manual patient records fueled by legislative regulations and the need to provide better patient care at lower costs.
Further, the report states that one challenge that could restrict market growth is bandwidth and connectivity issues. The time taken to store and retrieve data could vary from seconds to hours depending on the location of the data stored and the allocated bandwidth.
AWS, Cisco Systems, Google, IBM, Microsoft, Alcatel-Lucent, AT&T, Avaya, BigSwitch, CipherCloud, CommonVault, Dell, enStratus Networks, Ericcson, HP, Intel Security (McAfee), Juniper Networks, M5 Networks, National Electric Corporation (NEC), Oracle, Orange Business Services, Rackspace, RightScale, Salesforce.com, Symantec, Thinking Phone Networks, Verizon Enterprise Solutions, VMWare.