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EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Europe Everything as a Service Market by Type (Platform as a Service, Software as a Service, Infrastructure as a Service, Analytics as a Service, Device as a Service, Unified Communications as a Service, Other Types) Market by Organization Size (Large Enterprises, Small and Medium Enterprises) Market by Business Type (B2B, B2C) Market by Vertical (Banking, Financial Services and Insurance, Manufacturing, Healthcare & Life Sciences, IT & Telecommunication, Consumer Goods & Retail, Government & Public Sector, Other Verticals) by Geography


MARKET OVERVIEW

The Europe Everything as a Service (XaaS) market is set to progress with a CAGR of 20.49% over the forecast period of 2023-2032, acquiring a revenue share of $924.36 billion by 2032

Some of the top drivers propelling the market growth of the region are the development of cloud initiatives aiding in the expansion of cloud migration services and SMEs’ transfer of core operations to the cloud owing to various benefits. These include the availability of on-demand computing resources as well as lower expenses. However, the Europe Everything as a Service (XaaS) market will likely be hindered due to the region’s strict regulations and data privacy laws.

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The Europe Everything as a Service (XaaS) market growth assessment entails the in-depth evaluation of the United Kingdom, Germany, France, Italy, Spain, the Netherlands, and Rest of Europe. While large companies in the United Kingdom have already deployed suitable technical tools, small- and medium-sized enterprises (SMEs) have started directing their focus on the implementation of the right digital tools in order to enhance their business operations. With the advent of Everything as a service (XaaS), industrial services and goods necessitating subscriptions, such as recurring payments, have subsequently emerged. Furthermore, since the majority of United Kingdom-based enterprises rely on mobile workforce connections, this factor helps create an ideal environment for XaaS providers to continue curating solutions for use in tablets as well as smartphones.

With cloud computing gaining significant popularity in Germany over recent years, businesses operating in the country also possess notable experience in terms of accepting and implementing cloud services. In addition to players such as Amazon (Amazon Web Services), Google (Google Cloud Platform), and Microsoft (Azure), key firms in the German market include Deutsche Telekom, Alibaba, Oracle, Exoscale, and Profitbricks. Moreover, as per PwC and the Professional Association, Information Systems Audit and Control Association (ISACA) report, approximately 69% of German enterprises are adopting cloud computing. Therefore, these factors are expected to provide the Europe Everything as a Service (XaaS) market with lucrative growth opportunities. 

The Europe Everything as a Service (XaaS) market is segmented into type, organization size, business type, and vertical. The vertical segment includes banking, financial services and insurance (BFSI), manufacturing, healthcare & life sciences, IT & telecommunication, consumer goods & retail, government & public sector, and other verticals. The banking, financial services and insurance (BFSI) industry has continued to be at the forefront of cloud migration services adoption. Accordingly, banks are also accelerating their migration to cloud technologies in order to become future-ready while integrating with the swiftly emerging FinTech ecosystems.

On the other hand, manufacturers are leveraging cloud services for the implementation of innovative production methods, such as high-performance computing (HPC) and the Internet of Things (IoT). Cloud-based solutions also provide manufacturers with several advantages, like application and partner integration, increased security, operational efficiency, and others.

Leading companies operating in the Europe Everything as a Service (XaaS) market are SAP SE, Salesforce Inc, etc.

SAP SE, headquartered in Germany, provides enterprise application software as well as software-related services. The company also offers a diverse range of solutions, including intelligent technologies, analytics, enterprise resource planning and financial management, customer resource management, people engagement, digital supply chain, and others. Moreover, the company’s comprehensive range of enterprise applications and business software are designed for analytics, applications, mobile and database, as well as technology operations.

SAP HANA is a modern database as a service (DBaaS) platform, powering the next generation of intelligent data applications and analytics across enterprise data.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments Analyzed
Type, Organization Size, Business Type, Vertical
Countries AnalyzedThe United Kingdom, Germany, France, Italy, Spain, the Netherlands, and Rest of Europe
Companies AnalyzedAmazon.com Inc, Microsoft Corporation, Oracle Corporation, Alphabet Inc, Alibaba Group Holding Ltd, SAP SE, Salesforce Inc, Adobe Systems, VMware, Tata Consultancy Services, IBM Corporation, Nokia Corporation, HCL Technologies Ltd, Rackspace Technology, DXC Technology, Cisco Systems Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. SAAS MARKET IS EXPECTED TO DECLINE IN THE FORECAST PERIOD
      2. IT AND TELECOM SECTORS PROJECT LUCRATIVE PROSPECTS
      3. DATA PRIVACY & OWNERSHIP IS A MAJOR CONCERN
      4. DIVERSE OFFERINGS AVAILABLE IN XAAS MARKET
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. INCREASING APPLICATION OF CLOUD COMPUTING SYSTEMS
      2. DIMINISHING OPERATIONAL COSTS AND FASTER DEPLOYMENT
      3. INTENSE DEMAND FOR PAY-AS-YOU-GO SUBSCRIPTION MODELS
      4. GOVERNMENT AND PRIVATE SECTOR INVESTMENTS IN INTERNET TECHNOLOGIES
    2. KEY RESTRAINTS
      1. VENDOR LOCK-IN PROBLEMS IN CLOUD
      2. ISSUES RELATED TO PRIVACY AND DATA CONFIDENTIALITY
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
  5. MARKET BY TYPE
    1. PLATFORM AS A SERVICE (PAAS)
    2. SOFTWARE AS A SERVICE (SAAS)
    3. INFRASTRUCTURE AS A SERVICE (IAAS)
    4. ANALYTICS AS A SERVICE (AAAS)
    5. DEVICE AS A SERVICE (DAAS)
    6. UNIFIED COMMUNICATIONS AS A SERVICE (UCAAS)
    7. OTHER TYPES
  6. MARKET BY ORGANIZATION SIZE
    1. LARGE ENTERPRISES
    2. SMALL AND MEDIUM ENTERPRISES
  7. MARKET BY BUSINESS TYPE
    1. BUSINESS-TO-BUSINESS (B2B)
    2. BUSINESS-TO-CONSUMER (B2C)
  8. MARKET BY VERTICAL
    1. BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
    2. MANUFACTURING
    3. HEALTHCARE & LIFE SCIENCES
    4. IT & TELECOMMUNICATION
    5. CONSUMER GOODS & RETAIL
    6. GOVERNMENT & PUBLIC SECTOR
    7. OTHER VERTICALS
  9. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET DRIVERS
      3. EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES 
        3. FRANCE
          1. FRANCE EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        6. THE NETHERLANDS
          1. THE NETHERLANDS EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
        7. REST OF EUROPE
          1. REST OF EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES
      2. PARTNERSHIPS
      3. ACQUISITIONS
    2. COMPANY PROFILES
      1. ADOBE SYSTEMS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      2. ALIBABA GROUP HOLDING LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      3. ALPHABET INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. AMAZON.COM INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. CISCO SYSTEMS INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      6. DXC TECHNOLOGY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      7. HCL TECHNOLOGIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      8. IBM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      9. MICROSOFT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      10. NOKIA CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      11. ORACLE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      12. RACKSPACE TECHNOLOGY
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      13. SALESFORCE INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      14. SAP SE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      15. TATA CONSULTANCY SERVICES
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      16. VMWARE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – EVERYTHING AS A SERVICE (XAAS)

TABLE 2: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 4: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 5: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 6: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 7: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS TYPE, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 8: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 9: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 10: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 11: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ BILLION)

TABLE 12: LEADING PLAYERS OPERATING IN EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET

TABLE 13: LIST OF PRODUCT LAUNCHES

TABLE 14: LIST OF PARTNERSHIPS

TABLE 15: LIST OF ACQUISITIONS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR EUROPE

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 7: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY PLATFORM AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 8: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY SOFTWARE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 9: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY INFRASTRUCTURE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 10: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY ANALYTICS AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 11: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY DEVICE AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 12: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY UNIFIED COMMUNICATIONS AS A SERVICE, 2023-2032 (IN $ BILLION)

FIGURE 13: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER TYPES, 2023-2032 (IN $ BILLION)

FIGURE 14: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2022

FIGURE 15: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY LARGE ENTERPRISES, 2023-2032 (IN $ BILLION)

FIGURE 16: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY SMALL AND MEDIUM ENTERPRISES, 2023-2032 (IN $ BILLION)

FIGURE 17: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY BUSINESS TYPE, IN 2022

FIGURE 18: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-BUSINESS (B2B), 2023-2032 (IN $ BILLION)

FIGURE 19: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-CONSUMER (B2C), 2023-2032 (IN $ BILLION)

FIGURE 20: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2022

FIGURE 21: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI), 2023-2032 (IN $ BILLION)

FIGURE 22: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY MANUFACTURING, 2023-2032 (IN $ BILLION)

FIGURE 23: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY HEALTHCARE & LIFE SCIENCES, 2023-2032 (IN $ BILLION)

FIGURE 24: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY IT & TELECOMMUNICATION, 2023-2032 (IN $ BILLION)

FIGURE 25: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY CONSUMER GOODS & RETAIL, 2023-2032 (IN $ BILLION)

FIGURE 26: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2023-2032 (IN $ BILLION)

FIGURE 27: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER VERTICALS, 2023-2032 (IN $ BILLION)

FIGURE 28: EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 29: UNITED KINGDOM EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 30: GERMANY EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 31: FRANCE EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 32: ITALY EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 33: SPAIN EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 34: THE NETHERLANDS EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FIGURE 35: REST OF EUROPE EVERYTHING AS A SERVICE (XAAS) MARKET, 2023-2032 (IN $ BILLION)

FAQ’s