Global Everything-as-a-Service (XaaS) Market 2020-2028 Trends, Growth, Opportunity and Forecasts By Stratistics MRC

HYDERABAD, TELANGANA, INDIA, February 23, 2022 /EINPresswire.com/ -- Everything-as-a-Service (XaaS) Market Forecasts to 2028 – Global Analysis By Business (Business to Customer (B2C), Business to Business (B2B)), Enterprise (Small & Medium Enterprise, Large Enterprise) and By Geography

The Global Everything-as-a-Service (XaaS) Market is accounted for $5.00 billion in 2020 and is expected to reach $14.77 billion by 2028 growing at a CAGR of 14.5% during the forecast period. Factors such as increasing adoption of cloud based technologies, increasing demand for scalable storage services, and growing digitalization of businesses are driving the growth of the market. However, issues related to bandwidth are hampering the growth of the market. The storage as a service segment is anticipated to expand at a rapid pace during the forecast period due to its ability to manage large amount of data in a cost-effective manner. North America is going to have high growth during the forecast period, due to growing number of data centers and rising acceptance of pay-per-use models in the region.

Some of the key players profiled in the Everything-as-a-Service (XaaS) Market include Amazon Web Services, Cisco Systems Inc., Google Inc., Microsoft Corporation, IBM Corporation, Juniper Networks, Inc., AT&T Inc., Oracle Corporation, Nokia Corporation, Accenture LLP, HCL Technologies Limited, Jabil Inc., McAfee, LLC, Avaya Inc., and CipherCloud.

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