Europe Everything As A Service (Xaas) Market 2023-2030

Europe Everything As A Service (Xaas) Market 2023-2030

MARKET OUTLOOK

Triton Market Research’s report denotes that the Europe everything as a service (XaaS) market is predicted to witness progress at a compound annual growth rate of 20.66% in revenue during 2023-2030. The Netherlands, the United Kingdom, Germany, Italy, Spain, France, and the Rest of Europe are considered in the report.

In France, the government introduced its national cloud strategy in 2021, which contributed heavily to the establishment of reliable cloud service providers. This has encouraged various organizations to shift to cloud platforms to streamline operations. Moreover, the government is investing in developing new cloud tools and services, which is expected to create opportunities for the XaaS market’s expansion.

On the other hand, Italy is concentrating on developing a storage system for sensitive government data based on cloud technologies. Moreover, the country has introduced an innovative ‘smart work’ network with low-cost rentals. As per industry sources, remote working increased substantially over the years, which has elevated the demand for cloud services to enable employees to access company data. Hence, as mentioned above, government efforts are anticipated to widen the scope and growth of everything as a service market.

COMPETITIVE OUTLOOK

The prominent companies in the everything as a service (XaaS) market include Microsoft Corporation, Alibaba Group Holding Ltd, Amazon.com Inc, Cisco Systems Inc, and Salesforce Inc.