Global Hardware as-a-Service (HaaS) Market Outlook 2020-2025: Anticipated to Witness a CAGR of 26.2%
DUBLIN, Aug. 13, 2020 /PRNewswire/ -- The "Global Hardware as-a-Service (HaaS) Market: Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
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The Global Hardware-as-a-Service (HaaS) Market is anticipated to witness a CAGR of 26.2% over the forecast period 2020-2025.
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.
Market Highlights
-- 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 company's 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 client's site for which the client either
pays a monthly fee for the service.
-- The industries are shifting from ownership to on-demand service (XaaS).
Cloud computing services are also increasingly attracting investment in
the studied market, as data storage servers and active computing
hardware are the components of a remotely provisioned service for users.
-- According to the US-based IT company, Spiceworks, 48% of the
organizations in North America and Europe are currently leasing one or
more types of hardware. Among these, printers are the most preferred
hardware to lease. After printers, the other preferred devices are
servers (8%), networking equipment (8%), desk phones (7%), desktops
(6%), laptops (6%), smartphones, (5%), or tablets (3%).
-- With the outbreak of Covid-19, service firms in particular have embraced
the work from home culture. This has led to spike in demand for laptops,
especially of leased ones of every kind. But, with complete disruption
of supply chain and production activities, there is a huge mismatch
between demand and supply of hardware components and there is a shortage
in the market. With situation getting normal in coming few quarters,
HaaS is expected to grow in future as it mitigates the risk of complete
shutdown of the business during unforeseen circumstances like Covid-19
pandemic.
Market Trends
Retail/Wholesale Sector Holds the 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.
Demand from Asia-Pacific is Expected to Drive Industry Growth
-- The market in North America is anticipated to hold the largest share of
the HaaS market during the forecast period owing to the presence of a
large number of hardware solutions and services providers, high
awareness about hardware as a service among users, a large base of
existing users. Increased digitization, underlying embryonic demand,
increasing investment of small and large scale enterprises in the HaaS
hardware and services, technical advancements and product innovation,
and upgrade of research and development are expected to drive market
growth in the coming years.
-- With the presence of many small or mid-sized businesses in countries
like China, Taiwan, South Korea, India and Japan, Asia-Pacific region is
expected to experience highest growth rate during the forecast period
since the HaaS model is a cost-effective method for optimal utilization
of information technology hardware. Moreover, the region enjoys the
presence of several significant vendors in the hardware market, thus
driving the market for HaaS.
Competitive Landscape
Few players with their product offerings currently dominate the HaaS market, and the global market is expected to be consolidated in nature. 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., Amazon.com, Inc., and Dell Inc. are some of the major players present in the market studied. Industry tech giants such as Google, IBM, and Microsoft are also offering these services in collaboration with the startups, to compete in this as-a-service market.
Recent 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. Fujitsu's 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 Lenovo's
ThinkSystem servers and ThinkAgile hyper-converged systems.
Key Topics Covered
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.2 Market Restraints
5.3 Assessment of Impact of COVID-19 on the Industry
6 MARKET SEGMENTATION
6.1 Offering
6.1.1 Hardware Model
6.1.1.1 Platform-as-a-Service
6.1.1.2 Desktop/PC-as-a-Service
6.1.1.3 Infrastructure-as-a-Service
6.1.1.4 Device-as-a-Service
6.1.2 Professional Services
6.2 End-user Industry
6.2.1 Retail/Wholesale
6.2.2 Education
6.2.3 BFSI
6.2.4 Manufacturing
6.2.5 Healthcare
6.2.6 IT and Telecommunication
6.2.7 Other End-user Industries
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Navitas Lease Corporation
7.1.2 FUSE3 Communications
7.1.3 Ingram Micro Inc.
7.1.4 Design Data Systems, Inc.
7.1.5 Phoenix NAP, LLC
7.1.6 Machado Consulting
7.1.7 Managed IT Solutions
7.1.8 Fujitsu Ltd.
7.1.9 Lenovo Group Ltd.
7.1.10 Dell Inc.
7.1.11 Microsoft Corporation
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/kqgyaw
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