What Is XaaS?
Generally speaking, anything as a service encapsulates all technologies, products, maintenance delivered and sold as a service on output basis.
Officially, we recognize a variety of related terms. PaaS (platform as a service), IaaS (infrastructure as a service), SaaS (software as a service) are those most commonly encountered.
PaaS—platform as a service provides the environment and tools for software development, for example, to build applications. Example service: Google App Engine, AWS Elastic Beanstalk.
IaaS—provides the infrastructure to host the platforms used for software development, for example, networking hardware, servers, and storage. Example service: Google Compute Engine, Amazon Web Services.
SaaS—in the plainest of explanations, SaaS products are full-fledged apps used by the client, with the necessary infrastructure, platform, and resources included. These are services like Salesforce, Google Apps, Dropbox, Hubspot, MailChimp, Slack, and also plenty of other services devoted to, for example, accounting, human resources, booking systems, e-learning, office space management, and many, many more.
The three are just the tip of the iceberg of the “as-a-service” ecosystem. Below is a sample list of other XaaS products:
Security as a Service
Storage as a Service
Malware as a Service
Backend as a Service
Network as a Service
Database as a Service
The global XaaS (Anything-as-a-Service) market is expected to grow at a CAGR of 24% during 2019-2024. XaaS is a form of cloud computing that delivers a variety of computer-based services and applications to users through the internet instead of physically providing them locally or on-site within an enterprise. It involves delivering services and applications on demand or on a subscription basis which enables the consumers to reduce the cost of purchasing services from a provider.