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, North America industry is likely to hold largest revenue share by 2037, 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).
Author Credits: Abhishek Verma
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