Added on 28 February 2023
Everything-as-a-Service (XaaS) has grown enormously in recent years. According to Fortune Business Insights, global investments will amount to 545.35 billion US dollars in 2022, and forecasts indicate a value of 2.4 trillion US dollars by 2029. So companies are investing more and more money in third-party solutions instead of developing their own systems and building their own infrastructure. The reason why companies are investing so much money in XaaS is because of the large number of advantages that these systems bring with them.
XaaS offers companies many advantages that help make their business processes more efficient and competitive. By using XaaS, companies can scale their IT infrastructure and business applications quickly and flexibly without having to invest in expensive hardware and software. Services can be accessed and used as needed, saving costs and speeding up processes.
In addition, XaaS enables companies to concentrate on their core competencies and relieve themselves of tasks such as maintenance, support and administration. As a result, resources can be freed up and invested in the development of innovations and new products. In addition, thanks to XaaS, companies can let their employees work more flexibly, as they can access applications and data from anywhere.
It is therefore not surprising that investments in XaaS will increase significantly in the next few years. According to various studies, the XaaS market will grow strongly in the coming years as more and more companies want to digitise their IT infrastructure and business processes and make them more flexible. In particular, cloud-based solutions and platforms such as iPaaS, which enable companies to access a wide range of services quickly and easily, will gain in importance.