Various types of as-a-Service are appearing one after another, partly with the shift toward a service economy. These include Mobility as a Service (MaaS) — where a user purchases a mobility service instead of owning a car — and Infrastructure as a Service (IaaS) — where a user purchases a service to use IT infrastructure, including servers, instead of owning the hardware.
These are sometimes collectively referred to as “Everything as a Service” (XaaS). As-a-Service in Finance The trend of as-a-Service is also emerging in Finance. The financial businesses of banking, securities, and insurance are industries that require large fixed costs and strict compliance with regulations.