Hardware-as-a-Service Market by Hardware Model, Enterprise Size, Deployment Model, End User

Description

List of Tables

[181 Pages Report] The Hardware-as-a-Service Market size was estimated at USD 75.16 billion in 2023 and expected to reach USD 83.37 billion in 2024, at a CAGR 11.94% to reach USD 165.60 billion by 2030.

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.

KEY MARKET STATISTICS
Base Year [2023]	USD 75.16 billion
Estimated Year [2024]	USD 83.37 billion
Forecast Year [2030]	USD 165.60 billion
CAGR (%)	11.94%

Hardware Model: Proliferation of Platform as a Service (PaaS) owing to the increasing web & mobile app development era

Desktop as a Service (DaaS) is a cloud computing offering where a service provider delivers virtual desktops to end-users over the internet, licensed with a per-user subscription. This model allows organizations to outsource the management and maintenance of desktop environments to third-party vendors. The key benefits include scalability, cost-effectiveness, and flexibility in accessing desktop services from any location. Since the desktop environments are hosted in the cloud, enterprises can reduce the investment in physical hardware and decrease the overhead costs associated with upgrades and maintenance. Device as a Service (DaaS) encompasses the procurement, deployment, management, and lifecycle of services for enterprise devices combined with a per-device payment model. This service typically includes hardware such as laptops, tablets, and smartphones. This model supports businesses in reducing the total cost of ownership and simplifying the management of their device inventory while ensuring access to the latest technology. Infrastructure as a Service (IaaS) provides virtualized computing resources over the internet, focusing on foundational elements such as virtual machines, storage, and networks. IaaS enables companies to rent hardware from a cloud provider on a pay-as-you-go basis, eliminating the need for large capital expenditures on physical infrastructure. It offers substantial savings on IT expenses since the service model obviates the need for enterprises to invest in and manage their own physical servers and data center facilities. Moreover, IaaS offers a high degree of flexibility and scalability, allowing businesses to scale their infrastructure up or down with demand. Platform as a Service (PaaS) is a cloud service model that provides a platform & environment for developers to design & build applications and services over the internet. PaaS services include frameworks, tools, and support for programming languages and libraries to streamline the development, testing, and deployment process. With PaaS, developers can easily create web or mobile apps without the complexity of setting up or maintaining the underlying servers, storage systems, networks, and databases required for development. This model offers increased efficiency and reduces the time to market for new applications.

Deployment Model: Increasing adoption of cloud-based deployment model owing to capability, flexibility, and cost-effectiveness

The cloud-based deployment model in the Hardware-as-a-Service (HaaS) ecosystem refers to a framework where hardware resources, such as servers, storage, networking, and other computing devices, are provided over the internet and hosted by third-party providers. This approach offers numerous benefits to organizations, including scalability, flexibility, and cost-effectiveness. Clients can rapidly scale their hardware resources up or down depending on their computing needs, which typically translates to a pay-as-you-go pricing strategy. Additionally, the cloud model mitigates the need for significant upfront investment and eliminates the challenges associated with ongoing maintenance and updates, as the service provider takes responsibility for these aspects. Data recovery and business continuity are also strengthened with cloud services due to their advanced backup procedures and redundant systems. The on-premise deployment model in Hardware-as-a-Service involves physically installing hardware resources within a client's facilities. This model gives organizations direct control over their hardware, potentially increasing security, compliance, and customization. Companies opting for an on-premise approach typically have specific regulatory requirements that mandate the physical presence and tight control of data and hardware, or they have the necessary capital and expertise to manage their hardware environments internally. Despite the higher level of control, the on-premise model requires a significant initial capital expenditure to purchase hardware and the supporting infrastructure.

Regional Insights

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.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Hardware-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Hardware-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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..

Market Segmentation & Coverage

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

Hardware Model
- Desktop as a Service
- Device as a Service
- Infrastructure as a Service
- Platform as a Service

Enterprise Size
- Large Enterprises
- Small and Medium Enterprises

Deployment Model
- Cloud
- On-premise

End User
- BFSI
- Healthcare
- IT and Telecommunication

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Hardware-as-a-Service Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Hardware-as-a-Service Market?

3. What are the technology trends and regulatory frameworks in the Hardware-as-a-Service Market?

4. What is the market share of the leading vendors in the Hardware-as-a-Service Market?

5. Which modes and strategic moves are suitable for entering the Hardware-as-a-Service Market?

Product Code: MRR-4349B3591F40

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Demand for Efficient Management in IT and Telecommunication Sector
  - 5.1.1.2. Rapid Adoption of Subscription-Based Service Model
  - 5.1.1.3. Development and Penetration of Online Applications and Data Storage
- 5.1.2. Restraints
  - 5.1.2.1. Security and Data Protection Risks Associated with Hardware-as-a-Service
- 5.1.3. Opportunities
  - 5.1.3.1. Rise in Adoption of Cloud Computing in Emerging Economies
  - 5.1.3.2. Emergence of Wearable-as-a-Service (WaaS) Model
- 5.1.4. Challenges
  - 5.1.4.1. Budget Concerns and Lack of Awareness for Small Firms Regarding the Adoption of Hardware-as-a-Service
5.2. Market Segmentation Analysis
- 5.2.1. Hardware Model: Proliferation of Platform as a Service (PaaS) owing to the increasing web & mobile app development era
- 5.2.2. Deployment Model: Increasing adoption of cloud-based deployment model owing to capability, flexibility, and cost-effectiveness
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Hardware-as-a-Service Market, by Hardware Model

6.1. Introduction
6.2. Desktop as a Service
6.3. Device as a Service
6.4. Infrastructure as a Service
6.5. Platform as a Service

7. Hardware-as-a-Service Market, by Enterprise Size

7.1. Introduction
7.2. Large Enterprises
7.3. Small and Medium Enterprises

8. Hardware-as-a-Service Market, by Deployment Model

8.1. Introduction
8.2. Cloud
8.3. On-premise

9. Hardware-as-a-Service Market, by End User

9.1. Introduction
9.2. BFSI
9.3. Healthcare
9.4. IT and Telecommunication

10. Americas Hardware-as-a-Service Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Hardware-as-a-Service Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Hardware-as-a-Service Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Xyte secures USD 30 million in funding for hardware as a service model
- 13.3.2. Hardfin Introduces First Technology To Enable Hardware-as-a-Service (HaaS) Companies To Automate Contract-To-Cash Cycle
- 13.3.3. Panasonic Connect Launches As A Service For Hardware

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio