Hardware as a Service Market (HaaS) Market Set to Expand at a CAGR of Over 25% through 2026

Owing to the widespread use of hardware as a service (HaaS) in sectors such as construction, telecom, manufacturing, government, banking, financial and service insurance (BFSI) and IT, the hardware as a service market is estimated to exponentially expand at a of more than 25% during the assessment period (2018-2026). Besides, soaring demand for the adoption of new and sophisticated IT solutions with advanced consumer trends across the world has spurred growth of the market.

These insights are according to the report titled, “Hardware as a Service Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately added to the repository of Market Research Hub (MRH). Moreover, the hardware as a service market (HaaS) market is projected to register a whooping value of USD 304.80 billion by 2026.

HaaS helps in reducing the time and money required in production activity which turns out to be one of the features driving its demand. The most predominant end-user of the hardware as service is the telecom and IT sector, followed by the BFSI sector. On the other hand, government sector is estimated to create a high customer base, owing to robust adoption of the hardware as a service in the sector recently. Key benefits of HaaS, such as low deployment and design cost, low expenditure and automatic software updates, have led their adoption across industrial sectors.

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Hardware as a Service Market: Report Synopsis

The report incorporates a thorough assessment on the hardware as a service market at the regional and global level. The report analyzes drivers, restraints, opportunities and trends of the HaaS market. Further, report also includes segmentation which provides a holistic view of the market. The HaaS market has been segmented on the basis of component, hardware model, deployment, enterprise size, industrial vertical and geography.

The report also does competitive analysis delineating profiles of prominent companies in the hardware as a service market. Besides, the report also gives an-depth view on the recent developments, financial overview, company overview and business strategies of the profiled companies. Prominent players in the hardware as a service market are Ingram Micro, Navitas Lease Corp., ZNet Technologies Pvt. Ltd., Design Data Systems, FUSE3 Communications, Microsoft Corporation and MasterIT LLC.

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In order to provide a coherent analysis of competitive landscape of the market, Porters’ Five Force analysis has been included. Moreover, the report also incorporates market attractive analysis to benchmark the segments of the market. The report includes opportunity analysis to furnish an exhaustive view of the hardware as a service market.

Hardware as a Service Market: Research Methodology

The research methodology comprises of secondary research, primary research and reviews from expert panel.  Annual reports, market reports, World Bank database, government publication, industry white papers, company websites and SEC filings are sources of secondary research. On the other hand, primary research includes e-mail interactions, telephonic interviews and face to face interactions for exhaustive and fair reviews of the hardware as a service market.  With the view to garner latest insights of the market, primary interviews are conducted with industry experts on an ongoing basis. The secondary and primary research are analyzed by panel of experts.

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This release was published on openPR.