The software-as-a-service (SaaS) market has evolved from very specific tech offerings to now include food delivery, pet sitting, storage space and much more. Its evolution is so far-reaching that it is often referred to broadly as the as-a-service model, or XaaS.
This trend is not expected to slow down anytime soon, with experts predicting the market will reach a compound growth rate close to 40 percent between 2016 and 2020.
The rise of XaaS is a supply and demand story: Companies began searching for new consumption models capable of lowering costs and simplifying management challenges. At the same time, the number and variety of available services began to skyrocket. Expect this market to continue to evolve and expand in the coming years.
The Case for XaaS at All Levels
Businesses of all sizes and across all industries have embraced the model. The SaaS market for small businesses, for example, is about to exceed the market for enterprise SaaS.
This trend shouldn’t come as a surprise: SaaS is relatively easy and cheap to deploy and scale across an organization. The subscription model also provides small and midsize businesses with far greater flexibility and empowers them to try before they buy. IT managers and purchasing pros increasingly see outsourced services as the only viable option.
The need for data security is also accelerating adoption. Small businesses must guard against security breaches and contend with an increasingly complicated regulatory environment. As crucial as these concerns are, they fall outside the core competencies of most small and midsize businesses. Outsourcing these critical workloads to various service providers has become the best way to manage them and the clearest path to gaining confidence and staying competitive.
Under-the-radar Services Becoming the Norm
As the market for outsourced services continues to grow, the variety of available services is growing along with it. Here are a few under-the-radar offerings that are gaining traction, as well as tips on how you can integrate them into your organization to streamline operations and manage costs.
Office printing costs can quickly spiral out of control if left unchecked. Large enterprises routinely spend millions each year on print. The print-as-a-service model gives business managers a top-down perspective on printing costs and provides IT leaders with comprehensive insights into the use and performance of their printing device fleets.
Integrating this model into your enterprise is easier than you might think. A simple installation and deployment process can begin to provide key insights into your organization’s print environment in about an hour, with user-friendly dashboards and segmented data views for various departments and lines of business.
You can track printing activity and related costs down to the individual employee to help you set benchmarks and performance targets and to discover opportunities to reduce unnecessary volume and costs.
You can also secure your network printers and protect the confidentiality of printed materials by deploying secure pull-printing technology via the cloud. In a secure print environment, employees use their proximity card or login credentials to access your network printers and release their documents.
This workflow significantly reduces risk, unnecessary printing, abandoned prints, paper and toner waste, and costs – as much as 50 percent off the original baseline. Plus, it helps companies demonstrate a commitment to sustainability and a smart office environment. Establishing a mission of ecological stewardship can also improve recruitment and branding efforts.