Hardware as a Service Market 2022
Mobile computers are the latest trends in the hardware vertical and the scenario would continue to be the same even in the near future. These mobile computers are expected to perform better with respect to battery life, microphone, camera, and CPU. Add 5G network connectivity and cloud computing to it, and hardware vertical is all set to get speedier and more authentic. The Hardware as a Service Market would get through this speed in the forecast period.
Hardware as a Service is an advanced model of technology that is used for reducing company’s cost on up gradation, maintenance, and replacement of hardware. It comes with reasonable managed solutions with a rental contract to deploy the hardware at the customer’s website.
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The market is projected to witness significant growth due to several factors such as the growing need for reliable and cost-effective Hardware as a Service, escalating digitalization, Hardware as a Service provider’s landscape, and rising preference towards cloud adoption. According to report, the global Hardware-as-a-Service (HaaS) market is expected to witness a CAGR of 28.5% over the forecast period 2021 – 2031.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Amazon.com Inc., Navitas, International Business Machines Corporation (IBM), Google LLC, Palladium Networks Inc., CIT Group Inc., Fujitsu Limited and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Hardware as a Service.
What is Driving Demand for Hardware as a Service?
Growth in developments of technological advancement in the devices, hardware, or services across various enterprises can enable IT & telecom solution providers to provide that easier IT maintenance, scaling with ease, smoother cash flow and others applications.
The major Hardware as a Service providers are focused on shifting their business processes outsourcing from traditional solutions to the cloud, is one of the crucial factor to positively impact on the Hardware as a Service market during the forecast period.
There is an increasing demand for cost-effective Hardware as a Service solutions along with technological advancements for various end-users such as healthcare, retail, BFSI, manufacturing, and others to improve the business security is expected to fueling demand for Hardware as a Service across regions.
It offers various benefits such as increased scalability, reduced expenses, and improved security. The reliability of such benefits drives the growth of the Hardware as a Service market.
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What is the Impact of COVID-19 Pandemic Outbreak on Sales of Hardware as a Service?
The effect of COVID-19 are having a substantial impact on the Hardware as a Service sector, disrupting raw materials supply, causing an inflationary risk on products and disturbing the electronics value chain. However, hardware based vendors are focusing to protect revenue including adopting as-a-service commercial models, launching new offerings to support digital transformation, and supporting at-risk channel partners.
Further, lockdown and restrictions have augmented the usage of Hardware as a Service solutions quite higher than usual. The Hardware as a Service is offering different features such as smoother hardware performance, reduced capital expenditure, improve operations performance, enhanced security and others.
US and Canada Market Outlook
The US is one of the major markets for Hardware as a Service globally. This is attributed to the high increase in demand of Hardware as a Service for various end-users such as retail, healthcare, telecom & IT among others. Furthermore, U.S. is the prominent country in global Hardware as a Service market accounting for around 20%-25% of the market share in 2021.
Demand for Hardware as a Service in cloud computing will be led by the IT and telecom sectors. Moreover, the widespread investments in cloud services due to greater advantages of HaaS, SaaS, and DaaS and maintain their delivery with a cloud-based solution which is, in turn, fueling the growth of the Hardware as a Service in the U.S. market.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Hardware as a Service Market Manufacturers
Hardware as a Service Market Distributors/Traders/Wholesalers
Hardware as a Service Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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