Lewes, DE -- (SBWire) -- 06/07/2016 --Report forecast the global Anything-as-a-Service market to grow at a CAGR of 38.22% during the period 2016-2020.
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.
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:
- Americas
- APAC
- EMEA
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.
Global Anything-as-a-Service (XaaS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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.
Market driver
- Growing requirements for scalable storage
- For a full, detailed list, view our report
Market challenge
- Bandwidth and connectivity issues
- For a full, detailed list, view our report
Market trend
- Increasing adoption of monitoring-as-a-service (MaaS)
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 85 pages and 28 Exhibit "Global Anything-as-a-Service Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by service areas, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-anything-service-market-2016-2020
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