According to Markntel Advisors Report, Everything as a Service Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Everything-as-a-Service is a category of cloud-based solutions which are installed remotely and are accessed on the requirement. Various services which are included in this are cloud-based digitalized services such as Security-as-a-Service, Network-as-a-Service, and Communication-as-a-Service, among many others. The key benefits of the solution such as cost savings, enhanced productivity, and improved backup & protection help its demand generation from major end-users such as automotive industries, and insurance. The growing adoption of IT integrated technologies across economic sectors has increased the revenue growth of the Everything-as-a-Service market
Everything as a Service Market Research Report & Summary:
The Global Everything-as-a-Service Market is projected to grow at a CAGR of around 24.58% during the forecast period, i.e., 2022-27.
Time Period Captured in the Report:
• Historical Years: 2017-20
• Base Years: 2021
• Forecast Years: 2022-27
Who are the Key Players Operating in the Everything as a Service Market?
The top companies of the Everything as a Service Market ruling the industry are:
Google LLC, Amazon Web Services, Inc., Microsoft Corporation, Cisco Systems, Inc., AT&T Inc., Intel Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Others
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What is Included in Everything as a Service Market Segmentation?
The Everything as a Service Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
• By Type of Service
o Communication as a Service (CaaS)
o Device as a Service (DaaS)
o Security as a Service (SECaaS)
o Technology as a Service (TaaS)
o Containers as a Service (CaaS)
o Mobility as a Service (MaaS)
o Security as a Service (SECaaS)
o Software as a Service (SaaS)
o Infrastructure as a Service (IaaS)
o Database as a Service (DbaaS)
o Network as a Service (NaaS)
o Unified Communication as a Service (UCaaS)
o Storage as a Service (STaaS)
o Platform as a service (PaaS)
o Disaster Recover as a Service (DRaaS)
• By End Users
o Healthcare
o Education
o Agriculture
o Automotive
o Aerospace & Defense
o Banking & Financial Services
o Retail & Ecommerce
o Transport & Logistics
o IT & Telecom
o Government
o Energy & Utilities
• By Size of Enterprises
o Small & Medium Enterprises (Headcount upto 1,000)
o Large Enterprises (Headcount Above 1,000)
• By Region
o North America
o South America
o Europe
o Middle East & Africa
o Asia Pacific
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Market Dynamics:
Key Driver: Increasing adoption of Cloud-based storage Services in Enterprises to Drive the Market Growth
The limited availability of on-premise data storage negatively affects the productivity of an organization & often restricts the tasks of maintaining the data infrastructure rather than focusing on innovations. This has led to the adoption of cloud-based solutions among the enterprises, owing to the advantages such as reduction in infrastructure cost, ease of deployment, enhancement of workforce efficiency, and supportive maintenance.
Moreover, the growing penetration of e-commerce industries across the world & the rising integration of AI to effectively respond to customer queries & provide customized offerings to the users have derived the demand for cloud-based storage services to determine & process data for improved customer satisfaction. This is anticipated to drive the growth of the Everything-as-a-Service market.
Key Restraint: Rising Concerns for Data Security to Pose a Challenge for the Market Growth
The rising inclination of the organizations toward cloud data storage, owing to the benefits such as improved transparency, flexibility, & enhanced storage, etc., has increased the deployment of connected devices & digitalized services within the organizations. However, this increased global concerns regarding data theft, owing to the growing online malicious activities has proven to hamper the growth of Everything-as-a-Service Market. The targets of these theft include sensitive data or personal information of employees & employers, such as health information, identifiable information, and business secrets, among others. As per 2020, Trustwave Global Security Report, the amount of cyberattacks on cloud-based services has more than doubled in 2019 in comparison to 2018. Additionally, Amazon Web Services (AWS) recorded a notable increase in data breaches that disrupted business activities throughout the US. This is anticipated to create a growth hindrance to the Global Everything-as-a-Service market due to a lower reliance of enterprises on cloud-based service.
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