About Hardware as a Service
Hardware as a service (HaaS) is an innovative service, that contemporary offers the elimination of stress and expense of buying hardware. However, it is a managed solution which provides a rental agreement that combines maintenance and support with the latest technology. HaaS offers to use Internet Protocol (IP) connections in order to utilize the computing power of remote hardware. Hardware as a service has the most popular types of HaaS models which are classified as cloud computing services in which data is stored and active computing hardware is also done, this also helps individual businesses to lease computing power, rather than invest in additional on-site hardware.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hardware as a Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Navitas Lease Corp. (United States), Ingram Micro (United States), Design Data Systems, Inc. (United States), ZNet Technologies Pvt. Ltd. (India), FUSE3 Communications (United States), Microsoft Corporation (United States) and are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hardware as a Service market by Type (Hardware and Professional Services), Application (Small & Medium Enterprises (SMEs) and Large Enterprises) and Region.
On the basis of geography, the market of Hardware as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Portugal, Spain, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Hardware Model, the sub-segment i.e. Platform as a Service will boost the Hardware as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the Hardware as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct Sales will boost the Hardware as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. BFSI (Banking, Financial, Services, and Insurance) will boost the Hardware as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Advanced Technologies in Government and Construction Sector and Growing Need to Adopt New IT Solutions with Modern Consumer Trends across the World
Market Growth Drivers:
Growing Demand for Efficient Management in It and Telecommunication Sector and Increase in Demand for Haas from the IT and Telecom Industry
Challenges:
Issues Related with Long Term Agreements of Haas
Restraints:
High Risk of Data Security and Low Interoperability
Opportunities:
Rapid Growth Of On-Demand Services in the Consumer World and Growing High Awareness about Hardware as a Service among Users and Technological Developments
Market Leaders and their expansionary development strategies
In June 2020, Trimble launched of a Hardware-as-a-Service option for its Transportation fleet mobility solutions. This new service consists of four bundles, enabling fleets to purchase Trimble hardware and software solutions and upgrade without upfront capital investment. Each of these bundles is designed to help fleets predictably manage technology expenses while gaining access to the latest innovations from Trimble, including 4G LTE connectivity and a streamlined, Android-powered user experience.
In October 2023, The company has launched Toughbook as a Service as a subscription offer for its popular rugged devices and two new services: Staff Augmentation Services and Last Mile Deployment Services, all of which were created with the channel in mind, Panasonic executives tell CRN.
Key Target Audience
Research Organization, End User Industry, Goverment Regulatory and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.