Renowned as the disruptors of other industries, information
technology (IT) companies are now subject to a dizzying pace of
change, driven by the global pervasiveness of their own
technologies.
"We've known for a while that the on-premise model has
largely been supplanted by the cloud, making all technologies
available as a service or everything-as-a-service," said Steve
Perkins, technology leader at Grant Thornton LLP. "Reaching
new markets has never been so straightforward or as low-cost.
Information technology companies are aggressively blurring
traditional industry boundaries.
But there are challenges."
While quickly maturing, the global everything-as-a-service
(XaaS) market is still forecast to grow at a compound annual growth
rate (CAGR) of 38.2% from 2016 to 2020, according to research firm
Technavio.1 Storage-as-a-service
will be the fastest-growing service segment in the XaaS market,
delivering CAGR of more than 40% by 2020. U.S. companies will
invest
