Hardware-as-a-Service Market worth $165.60 billion by 2030, growing at a CAGR of 11.94% - Exclusive Report by 360iResearch

The "Hardware-as-a-Service Market by Hardware Model (Desktop as a Service, Device as a Service, Infrastructure as a Service), Enterprise Size (Large Enterprises, Small and Medium Enterprises), Deployment Model, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Hardware-as-a-Service Market to grow from USD 75.16 billion in 2023 to USD 165.60 billion by 2030, at a CAGR of 11.94%.

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Hardware-as-a-Service (HaaS) is a business model in which customers lease or rent hardware instead of purchasing it outright. This model facilitates access to the latest hardware technologies without substantial upfront investments. It typically involves a subscription-based or pay-as-you-go structure, where clients need to pay a recurring fee for access to hardware such as servers, networking equipment, computers, or other tech devices. The HaaS model often includes maintenance, support, and sometimes upgrades during the subscription period, thereby reducing the responsibility and burden of managing the physical hardware assets for the customer. As a result, businesses can reallocate capital expenditures (CapEx) to operational expenditures (OpEx), providing greater flexibility and scalability in their operations. The increasing need for modern and updated hardware coupled with a shift towards subscription-based models has increased the adoption of hardware-as-a-service (HaaS) models. Moreover, the demand for cost-effective solutions with reduced capital expenditure has further boosted market growth. However, security and data protection risks associated with Hardware-as-a-Service coupled with a lack of awareness for small firms regarding the adoption may challenge the market growth. Nevertheless, integrating HaaS with cloud services and expanding to new emerging markets where access to the latest hardware can drive innovation and economic growth. Moreover, customization and integration of hardware services with specific industry needs can offer expansive growth for businesses adopting the HaaS model.

The HaaS landscape in the Americas is characterized by a strong presence of enterprise-level businesses adopting HaaS solutions to enhance operational efficiency and mitigate the risks associated with owning and managing technology assets. An increasing emphasis on cost optimization and agility in IT operations is driving the HaaS market forward in this region. The EMEA region exhibits a diverse HaaS market, with differences in maturity between Western Europe and emerging economies in the Middle East and Africa. The European market is driven by stringent environmental regulations encouraging the circular economy model, supporting the HaaS framework. In contrast, the Middle East and Africa are witnessing growth based on the demand to modernize IT infrastructure and adopt cloud services. The Asia Pacific HaaS market shows substantial growth owing to the rapid expansion of businesses and increased IT spending, particularly in countries including China, India, Japan, and Australia. The region is viewed as a high-potential market with a large SME sector heavily inclined toward operational expenditure (OPEX) models.

Market Segmentation & Coverage:

This research report categorizes the Hardware-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Hardware Model, market is studied across Desktop as a Service, Device as a Service, Infrastructure as a Service, and Platform as a Service. The Infrastructure as a Service commanded largest market share of 42.00% in 2023, followed by Device as a Service.

Based on Enterprise Size, market is studied across Large Enterprises and Small and Medium Enterprises. The Large Enterprises commanded largest market share of 55.54% in 2023, followed by Small and Medium Enterprises.

Based on Deployment Model, market is studied across Cloud and On-premise. The Cloud commanded largest market share of 85.48% in 2023, followed by On-premise.

Based on End User, market is studied across BFSI, Healthcare, and IT and Telecommunication. The IT and Telecommunication commanded largest market share of 62.46% in 2023, followed by BFSI.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.50% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Hardware-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Hardware-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Hardware-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Amazon.com Inc., Arrow Electronics, Inc., Cisco Systems, Inc., CompuCom Systems, Inc., Custard Technical Services Ltd., Dell Technologies Inc., Design Data Systems, Inc., Fujitsu Ltd., Google LLC by Alphabet Inc., Hemmersbach Holding GmbH, Hewlett Packard Enterprise Development LP, Ingram Micro Inc., International Business Machines Corporation, ITque, Inc., Lenovo Group Ltd., Machado Consulting, Inc., Managed Solution LLC, Microsoft Corporation, Midwich Group PLC, Panasonic Connect Co., Ltd., PhoenixNAP, LLC, StarHub Limited, Trimble Inc., Xyte Technologies Ltd., ZNet Technologies Pvt. Ltd., and Zoom Video Communications, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Hardware-as-a-Service Market, by Hardware Model
7. Hardware-as-a-Service Market, by Enterprise Size
8. Hardware-as-a-Service Market, by Deployment Model
9. Hardware-as-a-Service Market, by End User
10. Americas Hardware-as-a-Service Market
11. Asia-Pacific Hardware-as-a-Service Market
12. Europe, Middle East & Africa Hardware-as-a-Service Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Hardware-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Hardware-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the Hardware-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the Hardware-as-a-Service Market?
5. What is the market share of the leading vendors in the Hardware-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the Hardware-as-a-Service Market?

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