Hardware-as-a-Service (HaaS) Market 2021 Strategic Assessment- Lenovo Group Ltd., Dell Inc., Microsoft Corporation, Fujitsu Ltd.

The report presents an in-depth assessment of the Global Hardware-as-a-Service (HaaS) Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Hardware-as-a-Service (HaaS) investments from 2021 till 2026. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.      

Hardware-as-a-Service (HaaS) market is anticipated to witness a CAGR of 26.2% over the forecast period 2021 - 2026.

The Global Hardware-as-a-Service (HaaS) market is highly competitive and consists of a number of major players. Companies like Navitas Lease Corporation, FUSE3 Communications, Ingram Micro Inc., Design Data Systems, Inc., Phoenix NAP, LLC, Machado Consulting, Managed IT Solutions, Fujitsu Ltd., Lenovo Group Ltd., Dell Inc., Microsoft Corporation Amongst Others.

Key Developments:

- July 2019 - Fujitsu launched Hardware-as-a-Service (HaaS) offering, for helping the business and IT leaders from the significant challenges of limited budgets, ageing equipment, and higher cost for ad-hoc repairs. Users will enjoy more choices and extra productivity using the latest devices in service plans of 36 months. Fujitsus HaaS service plan starts from HKD 135 / month.
- Feb 2019 - Lenovo has launched a hardware-as-a-service offering, dubbed TruScale. This new global program is said to add flexibility to its channel by retaining current rebate arrangements in addition to offering an opex-driven consumption model. However, it applies only to Lenovos ThinkSystem servers and ThinkAgile hyper-converged systems.

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Scope of the Report:

Increasing need to adopt new IT solutions, increased digitization, increasing investment of small and large scale enterprises in the HaaS hardware and services, technical advancements and product innovation, and increasing load on cloud infrastructure are some of the major factors influencing the growth of HaaS market.

- HaaS model is emerging as a method of technology acquisition for businesses looking for new ways to serve customers in a competitive market, with minimal pressure on a companys financial operations. The HaaS model is more cost-effective among businesses that frequently replace or upgrade their hardware.
- This offering provides affordable, managed solutions with a rental agreement which also bundles maintenance and support along with that. The client and managed service provider (MSP) agree on some mutual terms to install the hardware at the clients site for which the client either pays a monthly fee for the service.

Key Market Trends:

Retail/Wholesale Sector Holds Largest Share in the Market

- The adoption of HaaS varies from industry to industry. Among all organizations, Retail/wholesale organizations are found to have adopted the HaaS model to a larger extent, followed by Education and Financial services sector. This is due to the fact that Retail/wholesale organizations have hundreds or thousands of stores spread across the world which makes it difficult for the internal IT teams to service more remote areas.
- In 2018, Spiceworks conducted a survey on more than 1,100 IT decision makers in organizations across North America and Europe to understand the penetration of hardware-as-service model in the workplace. The results from the survey showed that around 31% of retail/wholesale organizations already use the HaaS model (one or more types of devices). Additional 7% of the remaining retail businesses are planning to adopt HaaS within the next two years. Some of the most commonly used services in this model are the part replacement, hardware support, and troubleshooting.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Global Hardware-as-a-Service (HaaS) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Global Hardware-as-a-Service (HaaS) Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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