Global Anything-as-a-Service Market Report 2024-2032: Increasing Adoption of Cloud-based Monitoring and Growing Requirement of Scalable Storage Services

DUBLIN, March 12, 2024 /PRNewswire/ -- The "Anything-as-a-Service Market Report by Service Area, Industry, and Region 2024-2032" report has been added to  ResearchAndMarkets.com's offering.

The global anything-as-a-service (XaaS) market size reached US$ 282.6 billion in 2023. The market is projected to reach US$ 1,122.5 billion by 2032, exhibiting a growth rate (CAGR) of 16.56% during 2023-2032.

Factors such as the increasing adoption of cloud-based monitoring and growing requirement of scalable storage services are among the key factors driving the global XaaS market. Organizations across the globe are undergoing digitalization transformational changes which has resulted in robust growth of corporate data. Cloud-based storage provides an efficient and economical option for the storage of this data.

Moreover, the decreasing cost of purchasing subscribed services with improved bandwidth and connectivity is also expected to create a positive impact on the market growth. Additionally, the surging virtualization of IT solutions such as data center and network functionalities coupled with load balancers, intrusion detection, and firewalls are also contributing to the market growth.

Apart from this, XaaS is easy to manage as it replaces the traditional complex methods and is highly customizable to support mobile workforces. As a result, it finds applications across sectors such as insurance, telecom, manufacturing, government, healthcare, finance, banking, etc.

Key Questions Answered in This Report

• What was the size of the global anything-as-a-service market in 2023?
• What is the expected growth rate of the global anything-as-a-service market during 2024-2032?
• What are the key factors driving the global anything-as-a-service market?
• What has been the impact of COVID-19 on the global anything-as-a-service market?
• What is the breakup of the global anything-as-a-service market based on the service area?
• What is the breakup of the global anything-as-a-service market based on the industry?
• What are the key regions in the global anything-as-a-service market?
• Who are the key players/companies in the global anything-as-a-service market?

Company Profiles

• 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:

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
• Europe
• Asia-Pacific
• Middle East and Africa
• Latin America

For more information about this report visit https://www.researchandmarkets.com/r/jk1mub

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SOURCE Research and Markets