PUBLISHER: The Business Research Company | PRODUCT CODE: 1659046
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659046
Everything as a Service (XaaS) is a comprehensive term encompassing the delivery of various technologies as services to users via the internet, offering an alternative to traditional local or on-site delivery methods. This approach includes a broad spectrum of services, tools, and technologies provided by manufacturers to consumers across networks or online platforms.
Within the domain of XaaS, the primary categories are solutions and services. Solutions are tailored offerings utilizing customized products to address specific or common challenges unique to each client. Enterprises engaging in XaaS span across small and medium-sized businesses as well as large corporations. The diverse end-users of XaaS include sectors such as BFSI (Banking, Financial Services, and Insurance), IT and telecommunications, government agencies, media and entertainment, healthcare, manufacturing, oil and gas, metals and mining, alongside other industries.
The everything as a service market research report is one of a series of new reports from The Business Research Company that provides everything as a service market statistic, including everything as a service industry global market size, regional shares, competitors with everything as a service market share, detailed everything as a service market segments, market trends, and opportunities, and any further data you may need to thrive in the everything as a service industry. This everything as a service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The everything as a service market size has grown exponentially in recent years. It will grow from $639.58 billion in 2024 to $770.44 billion in 2025 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to cost efficiency, scalability, remote accessibility, focus on core competencies, rapid deployment, reduced time to market.
The everything as a service market size is expected to see exponential growth in the next few years. It will grow to $1660.21 billion in 2029 at a compound annual growth rate (CAGR) of 21.2%. The growth in the forecast period can be attributed to data security and compliance, enhanced cybersecurity measures, focus on sustainability and green computing, disaster recovery and business continuity, regulatory compliance management. Major trends in the forecast period include expansion of XaaS offerings, edge computing services, subscription-based models, focus on sustainability, managed services growth, industry-specific XaaS solutions, collaboration and interoperability.
The rising demand for subscription-based pricing models is expected to drive the growth of the everything-as-a-service market in the coming years. A subscription-based pricing model enables clients or organizations to purchase or subscribe to an IT provider's services for a designated period. Adopting everything as a service helps reduce operational costs by allowing clients to order services only when needed. This approach enhances the client experience and facilitates usage monitoring. For example, in January 2023, OMDIA, a UK-based entertainment services provider, projected that the total number of online video subscriptions would reach 1.7 billion in 2023, indicating market resilience. SVOD services are expected to add approximately 143 million new subscriptions globally in 2023, representing about 50% of the growth seen in 2020, a record year for the industry. In the United States, around 40 million new SVOD subscriptions are anticipated, demonstrating ongoing demand even as the market matures. Thus, the increasing demand for subscription-based pricing models is fueling the growth of the everything-as-a-service market.
The rise in globalization is projected to boost the growth of the everything-as-a-service market in the future. Globalization refers to the interconnectedness and interdependence of countries, cultures, economies, and societies worldwide. This complex and multifaceted process involves the exchange of goods, services, information, technology, culture, and ideas across borders, resulting in greater integration and interrelation among nations. Everything as a Service (XaaS) plays a crucial role in globalization by providing businesses with the flexibility to access and manage services from anywhere globally. Through XaaS solutions, companies can streamline their global operations, offer consistent services across various regions and languages, and easily expand into new international markets. For instance, in October 2022, the World Trade Organization (WTO), a Switzerland-based international organization established to oversee and regulate global trade and commerce, reported an expected 3.5% growth in global merchandise trade volumes for 2022, a slight improvement from the earlier forecast of 3.0% in April. However, they anticipate a more modest 1.0% increase for 2023. Therefore, globalization is propelling the growth of the everything-as-a-service market.
The growing adoption of artificial intelligence and IoT as a service is a prominent trend gaining traction in the everything-as-a-service market. Internet of Things (IoT) services encompass a range of end-to-end solutions that enable businesses to design, develop, deploy, and manage IoT implementations, including advisory consulting for IoT planning. The outsourcing of artificial intelligence (AI) is facilitated through a third-party offering known as artificial intelligence as a service (AIaaS). With AI as a service, individuals and organizations can experiment with the technology for various applications while incurring a lower initial investment and reduced risk. IoT-as-a-Service allows businesses to quickly leverage the full potential of connected devices, adopt cutting-edge technologies, and accelerate the time to value. For instance, in January 2024, IBM, a US-based multinational technology corporation, launched Granite models that are fully managed and AI-based. Notably, 42% of IT professionals at large organizations report actively deploying AI, with 38% implementing generative AI. Countries such as India, the UAE, Singapore, and China are at the forefront of this trend. Organizations are utilizing AI for essential tasks such as IT automation, customer service, and digital labor, significantly improving operational efficiency.
Leading companies in the everything-as-a-service market are introducing innovative services to maintain their competitive edge. These innovative services offer comprehensive, on-demand solutions across various sectors, transforming traditional products and services into scalable, subscription-based digital experiences. For example, in May 2022, Microsoft Corporation, a US-based technology company, launched Managed Detection and Response (MDR) services. These services deliver continuous monitoring, threat detection, and rapid incident response, utilizing advanced analytics and Microsoft's extensive threat intelligence. This offering significantly bolsters organizations' cybersecurity resilience by alleviating operational burdens, addressing skills gaps, and seamlessly integrating with existing Microsoft security solutions to create a more comprehensive defense strategy.
In March 2022, Calian Group Ltd., a Canada-based provider of business services and solutions, completed the acquisition of Computex Technology Solutions for $30 million. This acquisition will give Calian access to the entire everything-as-a-service (XaaS) market in the U.S. Furthermore, it will expand Calian's IT and cybersecurity offerings in both Canadian and international markets. Computex Technology Solutions is a U.S.-based solutions provider specializing in managed services, cloud computing, enterprise networking, cybersecurity, and creative solutions.
Major companies operating in the everything as a service market are Cisco Systems Inc., IBM Corporation, AT&T Inc., Accenture PLC, Orange Business Services Pvt. Ltd., Oracle Corporation, Avaya Inc., Commvault Systems Inc., Dell Inc., Juniper Networks Inc., SAP SE, Microsoft Corporation, Salesforce Inc., Adobe Inc., Alibaba Group Holding Limited, HCL Technologies Limited, Nokia Corporation, ServiceNow Inc., Workday Inc., Alphabet Inc., Amazon Inc., Zoho Corporation, Heroku Inc., Green Cloud Technologies LLC, Nutanix Inc., Red Hat Inc., Citrix Systems Inc., Mimecast Services Limited, Dropbox Inc., DocuSign Inc., Zoom Video Communications Inc., Twilio Inc.
North America was the largest region in the everything as a service market in 2024. The regions covered in the everything as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the everything as a service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The everything as a service market includes revenues earned by entities by providing services such as Hardware-as-a-Service (HaaS), Security-as-a-Service (SECaaS), Healthcare-as-a-Service (HaaS), Transportation-as-a-Service (TaaS). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Everything as a Service Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on everything as a service market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for everything as a service ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The everything as a service market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.