What is XaaS?
The “X” in XaaS represents anything that falls under the broad category of technology, products and services related to cloud computing and/or remote access. The rise of XaaS is not transforming just the cloud technology, but almost every business as a whole, especially the online connected services. The XaaS business model is creating endless new opportunities for both b2b and b2c buyers and sellers. The most Anything as a service or everything as a service comprises of mainly 5 elements: Business Process, Cloud, Security, Infrastructure, Applications & Platforms.
The most successful and common is software as a service (SaaS). The other two popular Anything as a Service consists of IaaS and PaaS. The fastest-growing segment of the market is infrastructure as a service. The XaaS providers have spread to many new AIaaS (Artificial Intelligence as a Service), Blockchain-as-a-service (BaaS), BaaS (Backend as a service), CaaS (Content as a service), Database as a Service (DBaaS) ItaaS (IT as a service) and many more. About some of which we will be talking about the next week.
The future of XaaS seems to be very bright by the progress we are observing.
There is a wide range in businesses that are yet to be included in the “as a service” box. Even companies like Microsoft, Amazon, Google, IBM and many more are continually synching there technology and services concerning every new trend of XaaS.
The main reason for its rise is the ease of upgrading and more penetration of smart devices. This directly or indirectly connects businesses to every possible market and consumer. This on the other hand also offers insights to the manufacturer and intelligent service to correct consumers.
There are many examples of successful XaaS applications.
And these are just some top players that are listed here. Almost every company is trying their hands on XaaSs. Overall this would give rise to new services, new living standards and new businesses.
Firstly, Software as a Service (SaaS) have providers like Shopify, Google, Microsoft Office 365, Salesforce, WordPress, and Hubspot. And the best Platform as a service software (PaaS) providers till date includes Acquia Cloud, Amazon, Red Hat OpenShift, Salesforce, Google, Zoho, Dokku and Platform.sh. Meanwhile, IaaS has providers like Microsoft Azure, Google Cloud Platform, IBM SoftLayer, CloudSigma. Oracle Cloud, Vmware vcloud air, Verizon Enterprise’s information technology IaaS solutions also provide Infrastructure as a Service.
By 2022, Gartner expects “90 % organisations buying public cloud IaaS will do so from an integrated Infrastructure service and platform as a service provider, and will use both the IaaS and PaaS capabilities from that provider. Also, according to the report, the highest revenue will come from IaaS in the near future. Infrastructure as a Service will grow 32 per cent this year. The Gartner predicts its growth of 27.6 % in 2019 to reach $39.5 billion, up from $31 billion in 2018.
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