In today's fast-paced business world, staying ahead of the competition requires access to specialized expertise. However, hiring full-time experts can be costly and time-consuming, especially for small and medium-sized enterprises (SMEs) or startups. This is where the concept of "Expert as a Service" (EaaS) comes into play, providing businesses with on-demand access to industry-leading experts. In this article, we will explore the rise of EaaS, its benefits, and how it is shaping the future of on-demand expertise.
To do so, we've divided the article into the following sections via which you can jump directly to each section:
Expert as a Service (EaaS) is a model that allows businesses to access specialized expertise on-demand, without the need for full-time employment. It is a flexible and scalable solution that enables companies to tap into a network of experts who possess in-depth knowledge and experience in specific fields. EaaS providers typically offer a range of experts across various industries, such as technology, marketing, finance, legal, and more. These experts can either work independently or as part of an existing team to add additional knowledge or manpower to the organisation.
EaaS providers connect businesses with experts who can offer services and solutions tailored to their unique needs. These experts can work remotely or on-site, depending on the requirements of the project. The industries that use especially IT experts the most are financial services, consumer industry, legal, energy & resources, healthcare, telecommunications as well as transport and logistics.
Over the last 10 years, the average growth of Managed Services Market was at 7.9%. Until 2026 the total revenue of EaaS Services will be at an estimated USD 354.8 billion. Compared to 2021 that is an increase of almost 50% in total revenue. That makes the market one of the fastest growing markets right now. Why is that?
Looking at the IT industry, we already have a lack of about 100.000 skilled workers in Germany. By the year 2030, there will be 1.1 million people missing in the industry according to Boston Consulting Group. Yet, there will be a need for digitalization in order for the industry to stay up to date to competitors from the Scandinavian or Asian countries or from North America. This is why companies with expert knowledge will experience a high demand for their services in the near future.
EaaS - Expert as a Service
Whether as a supplement or to guide the existing team - professional expertise is necessary for every project. We have a lot of experience in outsourcing our competencies for various activities and are happy to provide you with know-how as well.
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The demand for on-demand expertise is on the rise, and EaaS is expected to play a significant role in the future of work. Here are some key trends that are shaping the future of EaaS:
In conclusion, Expert as a Service (EaaS) is revolutionizing the way businesses access specialized expertise. It offers a flexible, cost-effective, and efficient solution for businesses to tap into a global network of experts on-demand. The rise of EaaS is driven by the increasing demand for specialized skills, the gig economy and freelance work, and the advancements in technology.
As the business landscape continues to evolve, EaaS is expected to play a significant role in shaping the future of on-demand expertise. With its ability to provide businesses with access to specialized expertise, flexibility, scalability, and cost-effectiveness, EaaS is likely to continue gaining popularity among businesses of all sizes, across various industries. To stay ahead of the competition and thrive in the fast-paced business environment, leveraging the power of EaaS can be a strategic advantage for businesses seeking expert solutions to their unique challenges.
Cayas Software has delivered EaaS solutions for multiple clients for more than 10 years now. We know how to implement experts in an existing team as well as advising the client to the highest degree of satisfaction. If you like the idea of bringing in expert knowledge with high flexibility, let us talk. We will be happy to help.
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