HaaS Market Projected to Exceed $159.8 Billion by 2030, Reports MarkWide Research
MarkWide Research, in its latest report titled, “HaaS Market” (Hardware as a Service), predicts significant growth in the global market for hardware solutions delivered as a service. The market is projected to surpass a valuation of $159.8 billion by 2030, with an estimated compounded annual growth rate (CAGR) of 22.6% during the forecast period from 2023 to 2030. HaaS offers businesses a flexible and cost-effective way to access and manage hardware infrastructure, including computers, servers, and networking equipment, without the need for upfront capital investments.
The HaaS market is characterized by the increasing adoption of cloud computing, the demand for scalable IT solutions, and the shift toward opex-based technology spending.
Key Findings from the Report:
- Cloud Integration: HaaS solutions are seamlessly integrated with cloud services, enabling businesses to scale their hardware resources according to changing needs.
- Managed Services: Managed HaaS services are gaining popularity as organizations seek expert support for hardware maintenance and management.
- SMB Adoption: Small and medium-sized businesses (SMBs) are embracing HaaS to access enterprise-grade hardware and stay competitive in the digital landscape.
- Sustainability: HaaS providers are focusing on sustainability by offering energy-efficient and eco-friendly hardware solutions.
Segmentation of the HaaS Market:
The HaaS market is segmented based on hardware type, deployment model, organization size, end-user, and region.
By Hardware Type:
- Computing Devices
- Storage Devices
- Networking Equipment
- Others
By Deployment Model:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size:
- Small and Medium-sized Businesses (SMBs)
- Large Enterprises
By End-User:
- IT and Telecom
- BFSI (Banking, Financial Services, and Insurance)
- Healthcare
- Retail
- Manufacturing
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Regional Insights:
- North America: North America is expected to lead the global HaaS market, driven by a robust IT ecosystem, cloud adoption, and the need for agile and cost-effective hardware solutions.
- Europe: Europe is witnessing growth in the market, with organizations prioritizing digital transformation and the adoption of HaaS to optimize IT infrastructure.
- Asia Pacific: The Asia Pacific region is poised for expansion, fueled by the growing number of SMBs and the adoption of cloud-based services.
- Latin America and Middle East & Africa: These regions are experiencing growth in the market, with an increasing focus on technology modernization and connectivity.
Competitive Landscape:
The HaaS market features a diverse range of service providers, including technology giants, managed service providers, and specialized HaaS firms. Key players are continually innovating their hardware offerings, focusing on security, scalability, and sustainability.
Some of the prominent players in the HaaS market include:
- Dell Technologies Inc.
- HP Inc.
- Lenovo Group Limited
- IBM Corporation
- Cisco Systems, Inc.
- HPE (Hewlett Packard Enterprise)
- Amazon Web Services, Inc.
- Microsoft Corporation
- Oracle Corporation
- Rackspace Technology, Inc.
Future Outlook:
The global HaaS market is expected to continue its growth trajectory, with an estimated market size exceeding $159.8 billion by 2030. As businesses seek flexible and scalable hardware solutions to support their digital initiatives, HaaS will play a pivotal role in shaping the future of IT infrastructure management. MarkWide Research’s comprehensive report offers valuable insights into market trends, managed services in HaaS, sustainability initiatives, and regional developments, making it an essential resource for businesses looking to optimize their hardware resources efficiently.