Global Hardware as a Service HaaS
Market Report
2024
The Global Hardware as a Service HaaS market size was USD 70.5 billion in 2022. Hardware as a Service HaaS Industry's Compound Annual Growth Rate will be 25.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Hardware as a Service HaaS market size was USD 70.5 billion in 2022. Hardware as a Service – HaaS Industry's Compound Annual Growth Rate will be 25.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Hardware as a Service HaaS Market Sales Revenue 2022 | $ 70.5 Billion |
Global Hardware as a Service HaaS Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 25.5% |
Market Split by Component |
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Market Split by Application |
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Market Split by Model |
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Market Split by Deployment |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Hardware as a Service HaaS Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Hardware as a Service (HaaS) is a new technological paradigm that helps companies save money on hardware upkeep, upgrades, and replacement. This service includes low-cost managed solutions with a rental agreement to install gear at the client's facility. Demand for this market is being driven by the increasing adoption of cloud solutions for complicated operations. HaaS systems are in great demand in the BFSI, IT and telecom, education, and government sectors. The rising demand for computer hardware networking services will drive revenue growth in this industry.
(Source:pitr.uk/traditional-leasing-vs-hardware-as-a-service/)
Expansion of IT Infrastructure Drives Market Growth.
As businesses build their IT infrastructure, there is an increasing demand for physical resources to support their operations. The desire for scalable and adaptable hardware solutions is driving the Hardware as a Service (HaaS) market. HaaS enables organizations to gain access to and use cutting-edge hardware innovations without making huge upfront investments. This enables firms to quickly adapt to changing technological requirements, grow their physical resources as needed, and remain market competitive.
While HaaS allows you to access and use hardware resources without making substantial upfront expenditures, there are always expenses involved with building and installing the hardware infrastructure. Businesses may need to pay in integration and deployment services, consultation and training, as well as continuing support and maintenance, which might increase the overall cost of HaaS adoption. Furthermore, organizations may have current hardware investments that they are not ready to replace or integrate with HaaS solutions, causing them to be hesitant to completely convert to HaaS. This initial cost barrier might be a deterrent for certain firms, particularly smaller ones with limited resources.
The pandemic of COVID-19 has had a substantial influence on the Hardware as a Service (HaaS) business. The growing need for remote work and virtual collaboration has fueled the development of HaaS solutions, particularly in the telecommunications and information technology sectors. Furthermore, businesses have become more conservative with their capital investments, resulting in a trend toward the subscription-based model offered by HaaS. However, supply chain interruptions and economic uncertainty have hampered market expansion.
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Companies are competing fiercely to provide innovative and comprehensive HaaS solutions to address the changing needs of enterprises. Product quality, pricing, service offerings, customer support, and technical improvements all play an important role in determining each player's competitive edge. Furthermore, HaaS providers commonly use partnerships and cooperation with hardware manufacturers and service providers to expand their market reach and enhance their products.
(Source:www.fujitsu.com/hk/about/resources/news/press-releases/2019/fbta-0725.html)
(Source:lenovopress.lenovo.com/datasheet/ds0164-lenovo-truscale-infrastructure-as-a-service)
Top Companies Market Share in Hardware as a Service HaaS Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, in 2022, North America will account for more than 40% of the hardware as a service (HaaS) industry. The market's growth is being supported by the region's early embrace of the hardware as a service concept. The rising digitization of organizations is also a significant driver of market expansion. Furthermore, the growing interest of regional managed service providers in the hardware as a service area is propelling market expansion.
According to Cognitive Market Research, the US market is highly developed and technologically advanced, with a considerable need for hardware solutions in a variety of industries. The country's strong economy, favourable regulatory environment, and emphasis on digital transformation all contribute to the expansion of the HaaS market in the United States.
Due to a variety of variables, the Asia Pacific region is predicted to enjoy the greatest development in the Hardware as a Service (HaaS) industry. The region has a big and quickly increasing telecommunications and information technology industry, which generates demand for HaaS solutions. Furthermore, the growing acceptance of cloud computing and digital transformation initiatives in countries such as China, India, and Japan propels the HaaS market forward. Furthermore, the region's expanding population and rising disposable income drive demand for innovative hardware technology.
The current report Scope analyzes Hardware as a Service HaaS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Hardware as a Service HaaS Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Hardware as a Service HaaS Industry growth. Hardware as a Service HaaS market has been segmented with the help of its Component, Application Model, and others. Hardware as a Service HaaS market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the Service part is the most important. This covers services like as integration and implementation, consulting and training, and support and maintenance. These services are critical for firms implementing HaaS because they enable easy deployment, give knowledge and assistance, and provide continuing hardware infrastructure maintenance.
Storage Devices is another significant category in the Hardware as a Service (HaaS) industry. Businesses want dependable and scalable storage solutions to meet the growing demand for data storage and management. Storage as a service is provided by HaaS providers, allowing organizations to access and use storage resources without the requirement for upfront hardware expenditures.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Hardware as a Service HaaS Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the telecommunications & IT category is predicted to have the greatest market share. HAAS is especially crucial in the IT and telecommunications sectors, where it is frequently critical to keep up with contemporary advancements in order to provide outstanding customer service and compete fiercely. Demand for current IT equipment is required for the IT and telecommunications industries, which is projected to result in increased demand for Hardware as a Service MSPs, boosting worldwide market growth to a substantial level.
the retail segment is extremely important. With the increasing demand for technology in the retail industry, businesses are increasingly turning to HaaS solutions to have access to cutting-edge hardware without the burden of ownership. This allows shops to concentrate on their core activities while improving customer experiences.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The Device as a Service category is the fastest growing segment in the market. It allows organizations to lease or rent equipment such as laptops, tablets, and smartphones, as well as accompanying services such as maintenance and support. This enables firms to stay current with the latest technologies without making huge upfront costs.
According to Cognitive Market Research, infrastructure as a Service (IaaS) is another key category in the market. Businesses may use IaaS to access and manage virtualized computing resources like servers, storage, and networking over the internet. This enables firms to grow their infrastructure as needed, lowering the strain of actual hardware maintenance.
According to Cognitive Market Research, cloud deployment has the biggest market share. The cloud-based paradigm is popular among businesses because it provides flexibility, scalability, and cost-efficiency. Cloud deployment allows businesses to access and control physical resources remotely, allowing them to focus on core operations without the need for on-premise equipment. The cloud-based method also makes it easier to collaborate, store data, and access hardware resources remotely.
On-premise deployment is another key deployment in the Hardware as a Service (HaaS) sector. Businesses acquire and operate the hardware infrastructure on their own premises in this scenario. This gives them immediate access to their hardware resources and data. Businesses that have unique security or regulatory requirements, or those that require physical access to their technology, generally prefer on-premise implementation.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Hardware as a Service HaaS Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Hardware as a Service HaaS Market and is projected to experience significant growth in the near future.
The BFSI segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft Corporation , Google Cloud Platform and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Component | Hardware, Desktop/PCs, Laptop, Computer Networking Devices, Storage Devices, Printers & Scanners, Service, Integration & Deployment, Consulting & Training, Support & Maintenance |
Application | BFSI, Government, Manufacturing, Telecom & IT, Retail, Healthcare, Energy & Utility, Education, Others |
Model | Platform as a Service, Desktop/PC as a Service, Infrastructure as a Service, Device as a Service |
Deployment | On-Premise, Cloud |
List of Competitors | Microsoft Corporation, Amazon Web Services (AWS), Google Cloud Platform, 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. |
This chapter will help you gain GLOBAL Market Analysis of Hardware as a Service HaaS. Further deep in this chapter, you will be able to review Global Hardware as a Service HaaS Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Model Analysis 2019 -2031
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Chapter 13 Market Split by Deployment Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Hardware as a Service HaaS market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Hardware as a Service HaaS market? |
What are the key factors affecting the Hardware and Desktop/PCs of Hardware as a Service HaaS Market? |
What is the CAGR/Growth Rate of BFSI during the forecast period? |
By type, which segment accounted for largest share of the global Hardware as a Service HaaS Market? |
Which region is expected to dominate the global Hardware as a Service HaaS Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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