Floating Button

As-a-service models gaining traction, even beyond the tech sector

Nurdianah Md Nur
Nurdianah Md Nur • 2 min read
As-a-service models gaining traction, even beyond the tech sector
Businesses believe embracing XaaS models will help them generate US$100s of millions over the next three years, and increase their valuation by 50%, according to EY's latest report. Photo: Unsplash
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

More than half (54%) of businesses are prepared to adopt anything-as-a-service (XaaS) models today. They believe that embracing XaaS will help them generate US$100s of millions over the next three years, and increase their valuation by 50%.

These are some of the findings from EY’s latest report, which surveyed 1,200 organisations globally to gauge adoption trends of XaaS across industries.

Apart from technology vendors, organisations in other industries are also eager to make the shift to XaaS. Case in point: Life sciences/health care and automotive manufacturers are among the top five sectors where companies have completed their XaaS transformation.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.