Everything-as-a-Service Market Share

Regionally, the global everything-as-a-service (XaaS) market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in the North America region is projected to hold the largest market share by the end of 2031, backed by the ongoing technological innovation and development in the region as well as growing investment in the research and development. According to the World Bank statistics, in the year 2020, the annual research and development expenditure in North America accounted for 3.32% of the total Gross Domestic Product (GDP).