Three Market Leaders On What It Takes To Become A Service-Based Business
SAP News, Wednesday, July 5,2023
It's no secret why manufacturers and high-tech companies are driving business model innovation with service-based strategies, essentially selling outcomes, not products.
The global everything-as-a-service (XaaS) market is projected to grow from US$545.35 billion in 2022 to $2,378 billion by 2029. In one study, IT companies said that XaaS helped them 'create new business processes, products and services, and business models, and reimagine how they sell to their customers.'
During a panel discussion held at this year's SAP Sapphire & ASUG Annual Conference Orlando, three industry leaders shared their XaaS experiences, including business drivers and results, lessons learned, and future strategies.