The global demand for Hardware As A Service Market is presumed to reach the market size of nearly USD 1259.04 Billion by 2032 from USD 150.71 Billion in 2023 with a CAGR of 26.6% under the study period 2024 - 2032.
Hardware-as-a-service or HaaS is a procurement model, which is similar to licensing or leasing where hardware is installed at customers site by a managed service provider (MSP). Basically, it's a kind of service based model where users rent rather than purchase a provider's tech assets. A client can also incorporate into the MSPs fee structure for installing, monitoring and maintaining the hardware.
Market Dynamics
The growing demand for efficient management in the IT and telecommunication sector is primarily driving the market growth. The increasing demand from end-use industries including BFSI, IT and telecom, education sector, government sector, and construction and manufacturing is again accelerating the market growth. However, data security threats are expected to hamper the market growth. Whereas, rising adoption of advanced technologies in government and construction sector is likely to create potential opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hardware as a service.
Market Segmentation
The entire hardware as a service market has been sub-categorized into hardware model, deployment model, enterprise size, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
- Hardware (Desktop/PC, Computer Networking Devices (Servers, Switches, Routers, Gateways, Hubs etc.), Storage Devices, Others (Printers, Scanners etc.))
- Professional Services (Consulting & Integration, Support and Maintenance)
By Hardware Model
- Platform as a Service
- Desktop/PC as a Service
- Infrastructure as a Service
- Device as a Service
By Deployment
- Cloud (Public, Private)
- On-premise
By Enterprise Size
- Small & Medium Enterprises (SMEs)
- Large Enterprises
By Industry Vertical
- BFSI (Banking, Financial, Services and Insurance)
- IT and Telecom
- Government
- Healthcare
- Education
- Legal
- Construction
- Manufacturing
- Others (Retail, Media and Entertainment etc.)
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for hardware as a service market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hardware As A Service Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hardware as a service market include Navitas Lease Corp., Ingram Micro, Design Data Systems Inc., ZNet Technologies Pvt. Ltd., FUSE3 Communications, and Microsoft Corporation among others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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