The colossal growth is a result of a growing need for cloud-based computing, software, and services. If you already use something like the Google suite for your productivity needs, you already know that it is extremely convenient having an all-in-one, integrated platform. What’s more, according to a study conducted by Deloitte, about the XaaS sector, 81% of adopters agree that the pandemic had a major impact on their switch to this new way of cloud computing.
Although smaller platforms and companies may offer intuitive software, the bigger competitors have more resources and experience cultivating comprehensive platforms.
These kinds of new platforms are becoming more and more attractive to more and more professionals, and whether it’s good or bad, there’s no doubt that these big dogs are on the rise. If the predictions made in the Fortune Business Insights study are correct, then you should expect to be using these platforms more and more in the coming years.