The 2021-2025 version of this report is just being published. Buy it now and get up to $1000 worth of free customization!
This market analysis presents a detailed segmentation of the global anything-as-a-service (XaaS) market share by services (STaaS, SECaaS, UCaaS, NaaS, DBaaS, and BaaS) and by geography (the Americas, APAC, and EMEA). This market study reports also outlines the market shares and growth landscape of key vendors like AWS, Cisco, Google, IBM, and Microsoft.
Technavio’s market research analyst predicts the global anything-as-a-service (XaaS) market to grow at a high CAGR of more than 38% by 2020. One of the primary drivers for the growth of the XaaS market size is the shift towards the operational expenditure (OPEX) model to manage IT infrastructure at reduced costs. This shift has boosted the adoption of XaaS solutions among enterprises as these cloud solutions facilitate pay-per-use pricing model, where the clients pay only for what they use. Also, enterprises are opting for XaaS model, as it shifts the risk and resource requirements associated with the operation, backups, updates, and infrastructure maintenance from the internal IT department to vendors or service providers. The rising need to carry out a wide array of IT operations at affordable costs is propelling organizations to shift to a cloud-based infrastructure, which will boost this XaaS market’s growth during the forecast period.
An interesting XaaS trend gaining prominence in this market is the surging requirement for virtualization of IT solutions, which includes data center virtualizations and network virtualizations. Network functions virtualization (NFV) virtualizes network functions, such as firewalls, load balancers, and intrusion detection devices. It also helps to achieve scalability, low capital expenditure (CAPEX), and smooth service deployments among enterprises. The high demand for server virtualization, storage virtualization, and networking virtualization will augment the adoption of virtualization networks among enterprises over the next few years.
Storage-as-a-service (StaaS) will be the fastest-growing service segment in the XaaS market, and is expected to grow at a high CAGR of more than 40% by 2020. STaaS enables companies to store data in the cloud and in an archived format. It is a highly cost-effective solution where the enterprises only pay for the utilized storage capacity. The growing demand for better storage solutions among enterprises to manage their massive data volumes will propel the growth of this segment in the coming years.
During 2015, the Americas dominated the XaaS market and accounted for more than 49% of the total market share. Much of this region’s growth comes from the increased adoption of cloud services across several sectors, the presence of large enterprises, availability of high-speed broadband networking, and an increase in the number of hosted servers. The growing popularity of cloud computing and BYOD policy will boost the adoption of XaaS solutions in this region.
This market is highly fragmented and dominated by numerous international players. Vendors in the market are focusing on increasing their profit margins by providing extended services, which include STaaS, SECaaS, MaaS, DRaaS, DBaaS, DaaS, NaaS, UCaaS, BPaaS, BaaS, and others integrated with mobile, and web services. The level of competition in the XaaS market is expected to intensify with several cloud-service providers entering acquisitions and partnerships to increase their market reach.
Key vendors in the market include -
Other prominent XaaS providers are 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, Rackspace, RightScale, Salesforce.com, Symantec, Thinking Phone Networks, Verizon Enterprise Solutions, and VMware.
Technavio also offers customization on reports based on specific client requirement.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Get the report (PDF) sent to your email within minutes.
Get lifetime access to ourTechnavio Insights
Get lifetime access to our Technavio Insights
This report is available in English.
Did you know?
Want to customize this report?
This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Technavio's SUBSCRIPTION platform
Register for a free trial today and gain instant access to 17,000+ market research reports.
START YOUR FREE TRIAL