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INDIA EVERYTHING AS A SERVICE (XAAS) MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

India 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)


MARKET OVERVIEW

The India Everything as a Service (XaaS) market is set to register a CAGR of 23.96% during the forecast period, 2023-2030, and is predicted to garner a revenue of $150.20 billion by 2030.

The India Everything as a Service (XaaS) market growth is supplemented by cloud-based solutions offering cost-effective and efficient data storage choices. Also, XaaS’ enhanced bandwidth & connection and the declining subscription costs boost its demand across end-user sectors in the country. Besides, organizations view XaaS as a ground-breaking business model because it enables them to reach a larger user base, provide more customer-focused solutions, explore new markets, and offer cross-selling goods & services. Moreover, as per India Brand Equity Foundation, an Indian government database, the business process management and information technology industries are emerging as important development engines for the Indian economy. Such developments offer growth opportunities for the India Everything as a Service (XaaS) market.

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The India Everything as a Service (XaaS) market segmentation includes organization size, business type, vertical, and type. The type segment includes Platform as a Service (PaaS), device as a Service (DaaS), Infrastructure as a Service (IaaS), Software as a Service (SaaS), Analytics as a Service (AaaS), Unified Communications as a Service (UCaaS), and other types.

Infrastructure as a Service (IaaS) is a subscription-based cloud computing service. It provides on-demand networking, storage, and computing capabilities. It allows enterprises to minimize on-premise data center maintenance, receive real-time business analytics, and save money on hardware. Also, IaaS allows the scaling of IT resources up and down in response to demand. It enables the delivery of new apps swiftly and enhances the resilience of the underlying infrastructure. In addition, it helps enterprises cut costs and complexity of purchasing and operating data center equipment and real servers. For instance, Azure, a cloud computing service provider, helps organizations manage the infrastructure while they maintain, configure, install, and acquire software.

Further, the rising demand for cost-effective IT infrastructure and swift data access drives the expansion of IaaS across sectors. Also, the increasing cloud use across industry verticals and expanding cloud adoption among SMEs favor IaaS adoption. This further raises the Everything as a Service (XaaS) market demands. However, security concerns over private cloud adoption hinder the IaaS expansion. 

Analytics as a Service (AaaS) offers cloud-based access to data analysis applications and tools, cutting down an enterprise’s investment in on-premises software. It is an adaptable, comprehensive solution for visualization, organization, and data analysis. Also, it does not need a data warehouse and allows enterprises to manage their infrastructure through service providers. In addition, it is evaluated as an excellent alternative to in-house analytic solutions. 

Whereas in Platform as a Service (PaaS), a third-party supplier distributes software and hardware resources through the internet. A PaaS provider hosts software and hardware on its infrastructure, eliminating the need to install in-house gear and software to create and launch a new application. It encompasses business intelligence (BI), database management systems, development tools, middleware, networking, servers, and storage services. Moreover, it facilitates a whole web application lifecycle, including upgrading, management, deployment, testing, and development. Besides, consumers can avoid the hassles and costs of managing & purchasing software licenses for underlying middleware and application infrastructure.

Some of the leading companies in the India Everything as a Service (XaaS) market are Tata Consultancy Services, IBM Corporation, HCL Technologies Ltd, Nokia Corporation, etc.

HCL Technologies Ltd (HCL) provides software and IT infrastructure services. It offers a range of solutions in IT infrastructure management services, cybersecurity services, digital and analytics services, cloud-native services, digital process operations, etc. The company offers its services to sectors like retail, consumer goods, telecom, manufacturing, banking, etc. It is headquartered in Noida, Uttar Pradesh, India, with offices across Europe, Africa, the Middle East, Asia-Pacific, and the Americas. 

One of its key products, Connected Cloud, allows organizations to optimize leading networking technologies like 5G.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Billion)
Segments Analyzed
Type, Vertical, Business Type, Organization Size
Countries AnalyzedIndia
Companies AnalyzedAlphabet Inc, Amazon.com Inc, HCL Technologies Ltd, IBM Corporation, Microsoft Corporation, SAP SE, Tata Consultancy Services

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. 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. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES
      2. PARTNERSHIPS
      3. ACQUISITIONS
    2. COMPANY PROFILES
      1. ALPHABET INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      2. AMAZON.COM INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      3. HCL TECHNOLOGIES LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      4. IBM CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      5. MICROSOFT CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      6. SAP SE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS
      7. TATA CONSULTANCY SERVICES
        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: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ BILLION)

TABLE 3: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ BILLION)

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

TABLE 5: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2023-2030 (IN $ BILLION)

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

TABLE 7: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS TYPE, FORECAST YEARS, 2023-2030 (IN $ BILLION)

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

TABLE 9: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY VERTICAL, FORECAST YEARS, 2023-2030 (IN $ BILLION)

TABLE 10: LIST OF PRODUCT LAUNCHES

TABLE 11: LIST OF PARTNERSHIPS

TABLE 12: LIST OF ACQUISITIONS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: MARKET CONCENTRATION ANALYSIS

FIGURE 4: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 5: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY PLATFORM AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 6: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY SOFTWARE AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 7: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY INFRASTRUCTURE AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 8: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY ANALYTICS AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 9: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY DEVICE AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 10: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY UNIFIED COMMUNICATIONS AS A SERVICE, 2023-2030 (IN $ BILLION)

FIGURE 11: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER TYPES, 2023-2030 (IN $ BILLION)

FIGURE 12: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2022

FIGURE 13: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY LARGE ENTERPRISES, 2023-2030 (IN $ BILLION)

FIGURE 14: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY SMALL AND MEDIUM ENTERPRISES, 2023-2030 (IN $ BILLION)

FIGURE 15: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY BUSINESS TYPE, IN 2022

FIGURE 16: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-BUSINESS (B2B), 2023-2030 (IN $ BILLION)

FIGURE 17: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY BUSINESS-TO-CONSUMER (B2C), 2023-2030 (IN $ BILLION)

FIGURE 18: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2022

FIGURE 19: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI), 2023-2030 (IN $ BILLION)

FIGURE 20: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY MANUFACTURING, 2023-2030 (IN $ BILLION)

FIGURE 21: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY HEALTHCARE & LIFE SCIENCES, 2023-2030 (IN $ BILLION)

FIGURE 22: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY IT & TELECOMMUNICATION, 2023-2030 (IN $ BILLION)

FIGURE 23: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY CONSUMER GOODS & RETAIL, 2023-2030 (IN $ BILLION)

FIGURE 24: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY GOVERNMENT & PUBLIC SECTOR, 2023-2030 (IN $ BILLION)

FIGURE 25: INDIA EVERYTHING AS A SERVICE (XAAS) MARKET, BY OTHER VERTICALS, 2023-2030 (IN $ BILLION)

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