Leading Companies Reinforcing Their Presence in the Hardware as a Service Market

The hardware as a service market is poised for remarkable expansion, driven by evolving technological needs and growing adoption across various industries. As businesses increasingly seek flexible, scalable hardware solutions that align with modern IT infrastructures, this sector is gaining significant attention. Let's explore its size, key players, emerging trends, and the main segments that shape its promising future.

Projected Market Size and Growth Trajectory of the Hardware As A Service Market
The hardware as a service market is anticipated to experience substantial growth, reaching a value of $296.67 billion by 2029. This surge translates to a compound annual growth rate (CAGR) of 23.5%. Factors fueling this expansion include the rising integration of cloud-based hardware solutions, broader acceptance of automated IT asset management, increased investments in managed networking services, the proliferation of hybrid IT deployment models, and a stronger focus on operational efficiency enhancements. Key trends expected to influence the market during the forecast period include advances in edge computing hardware, innovative designs for energy-efficient servers, development of remote hardware monitoring systems, progress in modular computing platforms, and AI-powered resource optimization technologies.

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Prominent Players Leading the Hardware As A Service Industry
Several influential companies dominate the hardware as a service landscape. These include Microsoft Corporation, Dell Technologies Inc., Hewlett Packard Enterprise Company, Cisco Systems Inc., Amazon.com Inc., Alphabet Inc. (Google LLC), Lenovo Group Limited, HP Inc., Samsung Electronics Co. Ltd., NetApp Inc., Pure Storage Inc., NVIDIA Corporation, Huawei Technologies Co. Ltd., Hitachi Ltd., Ingram Micro Inc., Panasonic Holdings Corporation, Fujitsu Limited, International Business Machines Corporation, Arista Networks Inc., Nokia Corporation, Juniper Networks Inc., Xyte Inc., PCG IT Services LLC, CSC Leasing Company, ioX-Connect Inc., Century Solutions Group Inc., and Capstone IT Services LLC.

Strategic Acquisition Expanding Capabilities in the Hardware As A Service Sector
In May 2025, Aker Business, Inc., a private equity and investment firm based in the United States, completed the acquisition of Elarasys Worldwide, LLC and IT Hardware Plus, LLC for an undisclosed sum. This strategic purchase aims to broaden Aker Business's presence in the IT services market by combining Elarasys's extensive IT hardware solutions with IT Hardware Plus's specialized technology infrastructure services. Elarasys Worldwide, LLC focuses primarily on delivering cost-efficient IT hardware and services tailored for data centers and enterprise environments. Meanwhile, IT Hardware Plus, LLC specializes in technology infrastructure offerings like hyper-converged infrastructure, cloud services, and hardware as a service (HaaS), strengthening the combined company's portfolio.

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Emerging Innovations Shaping the Hardware As A Service Market
Leading companies in the hardware as a service space are placing strong emphasis on developing cutting-edge solutions, such as hybrid unified communications platforms designed to support seamless, scalable collaboration for distributed workforces. These platforms integrate diverse communication tools-including voice, video, messaging, and collaboration-across both on-premises and cloud environments, delivering flexible connectivity for users. For example, in April 2025, US-based telecommunications firm Zultys Inc. introduced a Hardware as a Service offering that provides businesses with a subscription-based model for unified communications hardware. This enables companies to access enterprise-grade phones, PBX systems, and related equipment without large upfront costs, billed on a predictable per-user, per-month basis. The solution supports on-premises, cloud, and hybrid deployments, ensuring business continuity, increased redundancy, and smooth communication across multiple locations.

Key Segments Driving the Growth of the Hardware As A Service Market
This report segments the hardware as a service market by several key categories to understand its diversified growth drivers:

1) By Component: Hardware and Services
2) By Hardware Type: Computing Hardware, Networking Hardware, Storage Hardware, Peripheral Hardware
3) By Enterprise Size: Small and Medium Enterprises, Large Enterprises
4) By Deployment Model: On Premises, Public Cloud, Private Cloud, Hybrid Cloud
5) By End Use Industry: Retail and Wholesale, Education, Banking Financial Services and Insurance, Manufacturing, Healthcare, Information Technology and Telecommunications, and Other End User Industries

Subcategories include further breakdowns such as:
- Hardware: Computing Hardware, Networking Hardware, Storage Hardware, Peripheral Hardware
- Services: Installation Services, Maintenance Services, Managed Services, Consulting Services

These classifications provide a comprehensive view of the market's structure, highlighting where demand is strongest and how various components contribute to overall growth.

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