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Hardware As A Service (HaaS) Market By Component (Hardware, Service), By Model (Platform As A Service, Desktop/PC As A Service, Infrastructure As A Service, Device As A Service), By Deployment (On-Premise, Cloud), By Application (Government, Manufacturing, Telecom & IT, Retail, Healthcare, Energy & Utility, Education, Others) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

The Growing Need to Manage Data More Effectively is Driving the Growth of the Hardware as a Service (HaaS) Market

Globally, the Hardware as a service (HaaS) market is expected to grow with a CAGR of 25.2% during the forecast period from 2019 to 2027. The market is driven by the growing demand among organizations to reduce the cost of operation and gain operational efficiency. As the competition among the market players is increasing and the profit margins are getting narrower, organizations are shifting from the CAPEX model to the OPEX model to reduce the cost of operation. In addition, the Hardware as a Service model eliminates the initial capital requirement and reduces the stress of managing and replacing the Hardware. This enables the organizations to focus on their core business competencies and enhance operational and business performance. 

The numerous benefits offered by the Hardware as a service model, such as scalability, flexibility, and business agility, are the major factors augmenting customer demand. Moreover, the increasing adoption among SMEs also acts as a major driver for market growth. However, the data safety and security issues associated with the use of Hardware as a service solution is a major restraint in the market's growth. Additionally, the lack of awareness among the enterprises regarding the benefits of Hardware as a service is also holding back the growth of the market.

Market Synopsis

Professional Services is Estimated to Grow Significantly During the Forecast Period  

The Hardware as a service (HaaS) market is segmented based on the product into Hardware and services. The hardware market is further bifurcated into the desktop/PC, computer networking devices, storage devices, printers & scanners, and laptops. Desktop/PCs dominated the market with more than 40% share in the overall hardware market in 2018. The growth of the market is attributed to the large-scale adoption of high processor workstations across the organization. On the other hand, the professional services market is estimated to grow substantially during the forecast period. In addition, the growing demand among organizations for constant support and maintenance is driving the services market.

North America is Leading the Hardware as a Service (HaaS) Market          

North America accounted for more than 40% of the Hardware as a service (HaaS) market in 2018. The early adoption of the Hardware drives the market as a service model in the region, backing the growth of the market. The increasing digitalization across enterprises is also a major driver of the market's growth. In addition, the increasing interest of the regional managed service providers in Hardware as a service domain is also accelerating the market growth.

The Hardware as a service (HaaS) market vendors are Arrow Electronics, CompuCom Systems, Dell Technologies, Hemmersbach, Hewlett-Packard, Lenovo, Microsoft Corporation, Service IT Direct (Bizbang), SHI International, StarHub, and Telia.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Hardware as a service (HaaS) market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global Hardware as a Service (HaaS) market based on component, model, deployment, application, and geography.

Frequently Asked Questions:

The market for Digital Content Creation is expected to reach US XX Mn by 2027.

The Hardware as a Service (HaaS) Market is expected to see significant CAGR growth over the coming years, at 25.2%.

The report is forecasted from 2019-2027..

The base year of this report is 2021.

Arrow Electronics, CompuCom System, Dell Technologies, Hemmersbach, Hewlett Packard, Lenovo are some of the major players in the global market.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Godaddy
Published Date:  Nov 2019
Category:  Technology & Media
Report ID:   60033
Report Format:   PDF
Pages:   120
Rating:    4.4 (58)
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