Hardware‑as‑a‑service market accelerates towards $430 billion mark

The hardware‑as‑a‑service sector is experiencing rapid expansion as organisations seek flexible, sustainable IT solutions, with forecasts surpassing $425 billion by 2030. Major vendors and innovative edge technologies are reshaping the landscape amidst increasing strategic deals.

The hardware‑as‑a‑service (HaaS) market is rapidly transitioning from niche offering to mainstream IT procurement model as organisations seek flexible, capital‑light alternatives to outright hardware ownership. According to the original report, the sector is forecast to expand steeply over the coming years, driven by cloud integration, automated IT asset management, managed networking investments and hybrid deployment models. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)[^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report)

Market research firms diverge on the precise scale and pace of that expansion, but all project strong growth. One industry forecast expects the global HaaS market to reach $296.67 billion by 2029 at a compound annual growth rate (CAGR) of 23.5%, while other analysts put longer‑term estimates higher, one projection pegs the market at $357.1 billion by 2030 and another at $425.8 billion by 2030, illustrating both bullish demand expectations and differing methodological assumptions. [^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report)[^[4]^](https://www.marketresearch.com/Global-Industry-Analysts-v1039/Hardware-Service-HaaS-42950596/)[^[6]^](https://www.mordorintelligence.com/industry-reports/hardware-as-a-service-haas-market)

The product mix shaping that growth includes computing, networking, storage and peripheral hardware bundled with installation, maintenance, managed and consulting services. The original analysis breaks the market down by enterprise size and deployment model, on‑premises, public, private and hybrid clouds, highlighting strong demand from sectors as diverse as retail, BFSI, manufacturing, healthcare and telecommunications. Industry data shows managed services and predictable subscription billing are particularly attractive to finance teams seeking operating‑expense models. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)[^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report)

Major technology companies and a broad ecosystem of providers are jockeying for position. According to the report, established vendors such as Microsoft, Dell Technologies, Hewlett Packard Enterprise and Cisco are prominent, alongside a mix of storage, semiconductor and systems firms and smaller specialised providers. Market watchers say that incumbent IT vendors’ scale and channel reach give them advantages, while newer entrants compete on flexible pricing, lifecycle management and circular‑economy practices. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)[^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report)[^[6]^](https://www.mordorintelligence.com/industry-reports/hardware-as-a-service-haas-market)

M&A activity and strategic deals are reinforcing consolidation and capability expansion in the space. In May 2025 Aker Business, Inc. completed the acquisition of Elarasys Worldwide, LLC and IT Hardware Plus, LLC; according to a transaction announcement, the deal combines Elarasys’s cost‑efficient data‑centre hardware offerings with IT Hardware Plus’s hyper‑converged infrastructure and cloud capabilities to broaden Aker Business’s IT services footprint. The transaction underlines how private equity and strategic buyers are knitting hardware supply, managed services and cloud offerings into bundled HaaS propositions. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)[^[3]^](https://www.businesswire.com/news/home/20250523237322/en/Generational-Group-Advises-Elarasys-Worldwide-LLC-and-IT-Hardware-Plus-LLC-in-its-Sale-to-Aker-Business-Inc.)

Innovation at the edge and in service design is reshaping product offers. The original report highlights advances in edge computing hardware, energy‑efficient server designs, modular platforms, remote monitoring and AI‑driven resource optimisation. Vendors are also developing hybrid unified communications HaaS models that deliver phones, PBX systems and collaboration appliances via subscription to reduce upfront costs and support distributed workforces; a recent launch by a telecommunications firm illustrates the move toward per‑user, per‑month billing across on‑premises, cloud and hybrid setups. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)

Not all market estimates align and some segment‑level forecasts are more conservative. Another market study projects a more modest trajectory to $116.01 billion by 2027 at an 11.18% CAGR, while third‑party maintenance analyses report steady, single‑digit to mid‑teens CAGRs for data‑centre hardware services driven by colocation and rising data‑centre complexity. These discrepancies reflect differences in market definitions, timelines and which hardware‑service bundles are included. Industry observers advise readers to treat headline figures as directional and to examine underlying scope and assumptions when comparing reports. [^[5]^](https://www.prnewswire.com/news-releases/hardware-as-a-service-global-market-to-surpass-116-billion-by-2027-at-a-cagr-of-11-18-301642536.html)[^[7]^](https://www.globenewswire.com/news-release/2025/06/11/3097864/28124/en/Data-Center-and-Network-3P-Hardware-Maintenance-Service-Market-Outlook-Report-2025-2029-CAGR-of-14-5-Expected-for-Data-Center-3P-Hardware-Services.html)[^[4]^](https://www.marketresearch.com/Global-Industry-Analysts-v1039/Hardware-Service-HaaS-42950596/)

As enterprises weigh capital expenditure constraints, sustainability goals and the operational burden of hardware lifecycle management, the HaaS market appears set to grow, and to fragment, around a range of provider archetypes: global platform vendors, specialised lifecycle managers and vertically focused integrators. According to the original report, purchasers will increasingly demand service transparency, predictable total cost of ownership and strong lifecycle and circularity practices as deciding factors in vendor selection. [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as)[^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report)

📌 Reference Map:

##Reference Map:

• [^[1]^](https://www.openpr.com/news/4308938/leading-companies-reinforcing-their-presence-in-the-hardware-as) (OpenPR) – Paragraph 1, Paragraph 3, Paragraph 6, Paragraph 8
• [^[2]^](https://www.thebusinessresearchcompany.com/report/global-hardware-as-a-service-market-report) (The Business Research Company) – Paragraph 1, Paragraph 2, Paragraph 3, Paragraph 8
• [^[3]^](https://www.businesswire.com/news/home/20250523237322/en/Generational-Group-Advises-Elarasys-Worldwide-LLC-and-IT-Hardware-Plus-LLC-in-its-Sale-to-Aker-Business-Inc.) (Business Wire) – Paragraph 5
• [^[4]^](https://www.marketresearch.com/Global-Industry-Analysts-v1039/Hardware-Service-HaaS-42950596/) (Global Industry Analysts / MarketResearch) – Paragraph 2, Paragraph 7
• [^[5]^](https://www.prnewswire.com/news-releases/hardware-as-a-service-global-market-to-surpass-116-billion-by-2027-at-a-cagr-of-11-18-301642536.html) (PR Newswire) – Paragraph 7
• [^[6]^](https://www.mordorintelligence.com/industry-reports/hardware-as-a-service-haas-market) (Mordor Intelligence) – Paragraph 2, Paragraph 4
• [^[7]^](https://www.globenewswire.com/news-release/2025/06/11/3097864/28124/en/Data-Center-and-Network-3P-Hardware-Maintenance-Service-Market-Outlook-Report-2025-2029-CAGR-of-14-5-Expected-for-Data-Center-3P-Hardware-Services.html) (GlobeNewswire) – Paragraph 7

Source: Fuse Wire Services