The Business Research Company’s report on the Everything as a Service Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the everything as a service industry?
The increase in demand for subscription-based pricing models is expected to propel the growth of the everything-as-a-service market going forward. A subscription-based pricing model allows a client or organization to purchase or subscribe to an IT provider’s service for a specified amount of time. The adoption of everything as a service reduces operational costs by ordering description-based services only when they are required. This solution enhances the client experience while also assisting in usage monitoring. For instance, in January 2023, according to OMDIA a UK-based provider of entertainment services, the total number of online video subscriptions is expected to reach 1.7 billion in 2023, indicating resilience in the market. SVOD services are projected to add approximately 143 million new subscriptions globally in 2023, which is about 50% of the growth seen in 2020, a record year for the industry. In the United States, nearly 40 million new SVOD subscriptions are anticipated, reflecting ongoing demand even as the market matures. Therefore, increase in demand for subscription-based pricing models is driving the everything as a service market.
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What is the estimated market size of the everything as a service sector by 2029, based on current forecasts?
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.
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#Who are the top players in the everything as a service market?
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.
#What are the major trends in the everything as a service market?
The adoption of artificial intelligence and IoT as a service is a key trend gaining popularity in the everything as a service market. Internet of Things (IoT) services are a collection of end-to-end services that allow businesses to design, develop, deploy, and run IoT solutions, including advisory consulting for IoT planning. The outsourcing of artificial intelligence (AI) is done through a third-party service called artificial intelligence as a service (AIaaS). With AI as a service, people and businesses may experiment with the technology for a variety of uses with a smaller initial investment and lesser risk. IoT-as-a-Service enables businesses to swiftly harness the full potential of connected devices, adopt cutting-edge technologies, and shorten the time to value. For instance, in January 2024, IBM, a US-based multinational technology corporation, introduced Granite models that are completely managed and are Al-based. 42% of IT professionals at large organizations report actively deploying AI, with 38% implementing generative AI. Companies in India, the UAE, Singapore, and China are leading this trend. Organizations are leveraging AI for critical tasks such as IT automation, customer care, and digital labor, which can significantly enhance operational efficiency
Which geography holds the highest everything as a service market share?
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.
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How do different segments contribute to the overall expansion of the everything as a service market?
The everything as a service market covered in this report is segmented –
1) By Offerings: Solutions, Services
2) By Enterprise: Small And Medium Enterprise, Large Enterprise
3) By End-User: BFSI, IT And Telecommunications, Government, Media And Entertainment, Healthcare, Manufacturing, Oil And Gas, Metals And Mining, Other End Users
Subsegments:
1) By Solutions: Software As A Service (SaaS), Platform As A Service (PaaS), Infrastructure As A Service (IaaS), Function As A Service (FaaS)
2) By Services: Managed Services, Consulting Services, Support And Maintenance Services, Integration Services
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What defines the structure and scope of the everything as a service market?
Everything as a Service is a collective term that refers to the delivery of everything as a service that is used to deliver technologies to the users, as a service, over the internet. It includes all of the various services, tools, and technology that manufacturers offer to consumers across a network or over the internet, as an alternative to delivering them locally or onsite to an organization.
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