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The global anything-as-a-service market was valued at US$ 238.7 Billion in 2022.
We expect the global anything-as-a-service market to exhibit a CAGR of 18.4% during 2023-2028.
The increasing utilization of cloud-based monitoring services, the rising volumes of corporate data,
and the growing requirement for scalable storage services are primarily driving the global anything-
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of anything-as-a-
service solutions as they provide remote data access and data privacy with the increasing
deployment of work-from-home and Bring Your Own Device models by numerous organizations.
Based on the service area, the global anything-as-a-service market has been segmented into storage-
as-a-service, security-as-a-service, unified communications-as-a-service, network-as-a-service,
database-as-a-service, and backend-as-a-service. Among these, storage-as-a-service represents the
largest market share.
Based on the industry, the global anything-as-a-service market can be bifurcated into IT and
telecom, BFSI, manufacturing, and others. Currently, the BFSI industry accounts for the majority of
the total market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global anything-as-a-service market include Amazon Web Services, Inc. (AWS), Cisco Systems, Inc., Google LLC, Hewlett-Packard Company (HP), National Electric Corporation (NEC), International Business Machines Corporation (IBM), Microsoft Corporation, Alcatel-Lucent SA, AT&T, Inc., Avaya, Inc., Big Switch Networks, Inc., CipherCloud, Inc., Commvault Systems, Inc., Dell Technologies, Inc., enStratus Networks LLC, Telefonaktiebolaget LM Ericsson, McAfee LLC (Intel Security), Juniper Networks, Inc., M5 Networks, Inc., Oracle Corporation, and Orange Business Services.
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