Global Hardware as a Service (HaaS) Market 2019-2025
Hardware as a Service (HaaS), in the managed services context, is a service model in which computing power is leased from a service provider. This enables organisations to cut down on the capital costs of acquiring hardware, as well as the operating costs of managing the equipment. The equipment may be installed on the premises of the organisation or may be remotely located. In the latter case, the organisation sends data to the equipment, which is located remotely; the leased equipment does the necessary operations on the data and sends it back. This can be classified as a cloud computing service.
A service level agreement defines the terms of engagement and clearly delineates the role of both parties. The client may pay a monthly fee for leasing the hardware, or it may be paid while installing the hardware. The service provider’s role includes installation, monitoring, and maintenance of the hardware. It may also include the upgrading of equipment when it reaches obsolescence. This is an example of Hardware as a Service (HaaS) in the context of grid computing, where a network of computers distributed in different locations work together on dedicated tasks.
Hardware as a Service (HaaS) results in major cost savings, as capital costs and operational costs reduce drastically by opting for a pay-as-you-go model. Further, hardware runs the risk of becoming obsolete faster than software. With Hardware as a Service (HaaS), it becomes the purview of the service provider to upgrade the hardware as specified in the service level agreement. There is major cost saving as skilled experts are not required for maintenance and monitoring. Timely hardware upgrades by the service provider ensure that the latest security updates protect the organization from cyber threats.
Top Key Vendors: –
Design Data Systems
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By Location of Equipment:
By Service Offered:
- Platform as a Service
- Desktop as a Service
- Infrastructure as a Service
- Device as a Service
- Professional Services
- Banking and Financial Services
- Information Technology and Telecommunication
The market for Hardware as a Service (HaaS) can be geographically segmented into North America, Europe, Middle East and North Africa, and Asia Pacific. North America is the region with the largest user base of Hardware as a Service model. There is a high amount of awareness about Hardware as a Service (HaaS) in this market. This market is likely to remain stable in the distant future with high levels of industrialisation, technological advancement and adoption, and innovation. On the other hand, the Asia-Pacific market, which consists mainly of China, Japan, South Korea, India, Thailand, and Australia, is a fast-emerging market. With the rapid growth seen in these economies, this market holds the highest potential for Hardware as a Service (HaaS)
It was recently reported in a study conducted by a market research firm, that 58% of UK households prefer Hardware as a Service (HaaS) option for thermostats. A majority of the households surveyed responded that they preferred the Hardware as a Service model for purchasing smart thermostats, rooftop solar panels, smart home kits, boiler systems, and so on.
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