Report Highlights
The global everything as a service (XaaS) market should reach $1.8 trillion by 2027 from $530.2 billion in 2022 at a compound annual growth rate (CAGR) of 28.0% for the forecast period of 2022 to 2027.
Report Includes
- 44 data tables and 29 additional tables
- A detailed overview and up-to-date analysis of the global everything as a service (XaaS) market
- Analyses of the global market trends, with historic revenue data for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of five-year compound annual growth rates (CAGRs) through 2027
- Highlights of the upcoming market potential for everything as a service (XaaS), and areas of focus to forecast this market into various segments and subsegments
- Estimation of the actual market size and revenue forecast for XaaS market in USD billion values, and their corresponding market share analysis based on type of technology, business model, size of enterprise, end-use industry and geographic region
- Updated information on key market drivers and opportunities, industry shifts and regulations, and other demographic factors that will influence this market demand in the coming years (2022-2027)
- Identification of the companies that are best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other competitive advantages
- Assessment of the underlying technological, environmental, legal/regulatory, and political trends that may influence the size and nature of the market
- Examination of the vendor landscape of global XaaS market comprising key market participants, their global rankings, financial analysis, and competitive scenario for XaaS
- Descriptive company profiles of the market leading players, including Alphabet Inc., Dell Technologies Inc., HCL Technologies Ltd., Microsoft Corp. and SAP SE
Report Scope
The scope of the report includes the global market of commercially deployed everything as a service products, solutions, and services.
- Everything as Service-based products that are in the pilot phase or are live for demonstration purposes have not been considered in the calculation of the overall market size.
- The market size includes the market of both everything as a service type, business, and organization size.
- The final market estimates and forecasts from industry experts are also aligned in the report.
- The report includes both services type and end-use industries for the calculation of overall market size.
- Cloud-based software, solutions and services have not been considered in the report.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||||||||||
| Base year market size | $432.6 billion | ||||||||||||||||||||||||
| Market size forecast | $1820.3 billion | ||||||||||||||||||||||||
| Growth rate | CAGR of 28.0% from 2022 to 2027 | ||||||||||||||||||||||||
| Units considered | $ Billions | ||||||||||||||||||||||||
| Segments covered | Type, Business Type, Organization Size, End-use Industry | ||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Latin America, Middle East and Africa | ||||||||||||||||||||||||
| Countries covered | U.S., Canada, U.K., Germany, Rest of Europe, China, India, Japan, Rest of Asia-Pacific, Brazil, Mexico, Rest of Latin America | ||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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• Latest trends and technologies on real-time payment will be added.
• Quantitative updates on country level will be added.
• In-depth profiling for the top 25 companies will be added.
This report is of interest to:
• Cloud computing software developers.
• IT & Telecommunication companies.
• Consumer electronics manufacturers.
• Semiconductor and component companies.
• Hosted application developers.
• Retail.
• Manufacturing.
• IT & Telecom.
• Healthcare.
• Government.
2. ADP, LLC
3. Cisco Systems, Inc.
4. Microsoft Corporation
5. Salesforce.com, Inc.
Rising adoption of cloud services in healthcare industry
With the COVID-19 pandemic accelerating the need for remote healthcare services, there is an evident increase in the appetite for cloud computing within the healthcare industry. Healthcare providers are leveraging cloud technologies for monitoring, diagnostics, consultations, testing, and other cloud-enabled vertical solutions and offerings. Telehealth, remote monitoring, wearables, interoperability, machine learning, AI and cybersecurity are considered to be the fastest emerging technology in healthcare industry. Both providers and payers are tapping into the scalability and power of cloud solutions such as SaaS, PaaS, IaaS to access and share data as healthcare becomes more patient-centric, collaborative, and data-driven.
Growing adoption of IoT as a Service and Artificial Intelligence as a Service
Maturing of underlying technologies will make Internet of Things (IoT) easier to deploy and help organizations and investors grab new opportunities. Proliferation of new devices and advanced principal technologies have helped fuel the growth of IoT technologies across multiple end-use industries. Investments in IoT technology are expected to grow significantly through 2022. Sensor technology integrated with IoT devices will continue to become highly advanced, cheaper, and more widely available. Availability and cost-effectiveness of this technology will further enable new sensor applications including large-scale monitoring and detection. Applications of artificial intelligence and real-time analytics allow organizations to sift their activity from local devises towards edge and cloud computing solutions. Additionally, improved mobile connectivity along with the advent of 5G technology is projected to allow new applications for experiences such as augmented and virtual reality, which further will boost the demand for XaaS across the end-use industries.
2. An increasing usage of cloud computing across businesses, introduction of emerging technologies such as machine learning and artificial intelligence, faster data recovery, data security, and meeting compliance requirements are some of the major factors triggering growth in the everything as a service market. However, improper integration of cloud system with customer relationship management systems may hamper the market growth in the long run. In addition, expansion in data security concern, increasing data breaches and cyber-attacks, and needs for regulatory and compliance requirements are hampering the market growth.
3. In the recent years, the numbers and types of XaaS users have significantly increased. Startups, small and medium enterprises of various sizes and shapes are finding XaaS an affordable and palatable solution that empowers agility and digital transformation. Customers are progressively adopting the subscription-based pricing model to satisfy increasing IT needs despite restricted IT budgets particularly for startups, small and medium enterprises. Established enterprises deploy XaaS business model to satisfy diverse needs with new, agile, and advanced solutions. Moeover, XaaS offer suitable business environment that accelerates healthy competition among XaaS vendors while the market demand continues to increase exponentially.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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