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(Publishing-NewsWire.com, September 09, 2021 ) The global PC as a Service Market is estimated to surpass $104 billion mark by 2026 growing at an estimated CAGR of more than 41.9% during the forecast period 2021-2026. PC as a Service is the device management model with which organization pays for the lease management services and endpoint hardware from a dealer. The services offered are maintenance, logistic services, imaging and other. PC as a Services is expected to grow substantially and are driven by factors such as advancement in technologies in the IT and Telecommunication sectors. The demand is increasing in the business organisation, driven by the shift towards the operating expenses model as compared to capital expenditure model. The need for the latest technology in the working environment is major driving factor, where PC as a Service comes with the flexibility and adaptability of new technologies. These factors are set to boost the market growth for PC as a Service during the forecast period 2021-2026.
PC as a Service Market Segment Analysis – By Offering
The PC as a Service Market is segmented based on the offering into Software, Hardware and Services. The Software segment is expected to grow at the fastest rate of 49.9% in the forecast period. The Software provided in the PC as a Service market are Operating system, Security software, asset management, and other built in software in the PC. This software can be customised and developed according to the needs of the companies in the market. PC as a Service subscription is done for all the software updates and maintenance. These are the advantages and driving factor for the market growth of the PC as a Service.
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PC as a Service Market Segment Analysis – By Enterprise Type
PC as a Service Market is segmented based on the Enterprise types into SMEs and Large Enterprises. Among these two SMEs are expected to grow at fastest rate of 51.5% in the forecast period. SMEs are expected to invest in PC as a Service due to its affordability and low capital expenditure. PCaaS is highly flexible and allows choosing right hardware for the companies needs. PCaaS provides great comfort with multiple cloud services for the SMEs to seek the PCaaS. It also provides secured platform with data security and protection. This will increase the adoption of PCaaS by SMEs in the forecast period.
PC as a Service Market Segment Analysis – By Geography
North America is the largest market in terms of market share for PCaaS at 37.9% share in 2020. This region has many providers for services which is not limited to large and multinational enterprises but also provides services to SMEs. Growing demand of Industrial Computers in many industries is driving the market force with significant growth. APAC follows North America as the many tech giants and other multinational companies are investing in developing countries like India and China. This in turn will increase the demand for PCaaS as the usage of computers and other gadgets has increased.
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PC as a Service Market Drivers
Shift to OPEX Model from CAPEX Model
The major factor that drives the PC as a Service market is inclination of business towards the operational expenditure model rather than capital expenditure model, this enables the seller to increase the revenue streams and build strong customer engagement while eliminating the expensive capital expenditure from buyer’s balance sheet and transitioning it to a manageable and predictable operational expense. PC as a Service is highly flexible and scalable. The services offered can be tailored according to the buyer’s need and thus drive market growth.
Growing demand for automation and technological advancements in industries set to drive the Industrial PC as a Service Market
There has been significant growth in industrial PC as a Service market owing to the increased adoption for automation and Internet of Things (IoT) technologies in industries. Industrial PCs assist in providing the platform to run automation software for monitoring and controlling the processes in real time applications. Many companies and startups are focusing on adoption of IoT technology. For instance, in June 2019, Indian IoT startup SwitchOn had raised $1 million seed funding from Pi Ventures. In April 2019, Altizon Systems Pvt. Ltd had raised $7 million in series A funding from investors TVS Motor Company Ltd.
PC as a Service Market Challenges
The major factor is lack of technical expertise and lack of product differentiation are the challenges faced. Security and data protection is the major threat faced by many companies for their confidential data and other financials. This is majorly affecting the BFSI sector and IT sector and it hinders the market growth of PC as a Service. Lack of awareness about the service in developing countries is a challenging factor for the growth of PC as a Service as well.
PC as a Service Market Landscape
Major investments, Constant inventions, Product Launches, Partnerships & collaborations are major key strategies to increase the market share and market growth. The major key players of PC as a Service market are Dell, HP, Lenovo, Compucom systems, Microsoft, Service IT Direct, Starhub, Telia, Capgemini, SHI International Corp, Dimension Data, Softcat PLC, Avaya Inc, Panasonic, Zones LLC, Intel Corporation, ATEA group and other players.
In September, 2020, HP launched the most powerful 1U rack workstation in the form ZCentral 4R. This will take advantage of the computing power in unused workstations in the offices to the laptops in hand purposes on Windows, MacOS/ Linux. This seems prohibitive and then HP’s Device as a Service is an option for leasing the equipment.
In June 2019, HP and Xerox Corporation announced the expansion and also agreed to partner in the Device as a service market. This collaboration is made to reach the Small and Medium sized enterprises.
The PC as a Service market is estimated to witness substantial growth over the forecast period primarily due to the growing adoption of the business model that is change of capital expenditure model to operating expense model. This drives many companies to opt for Pc as a Service.
IT and Telecommunication industry is one of the major driving factors for the growth of the PC as a Service market. Increased usage of PCs in many other sectors will increase the adoption of PC as a Service.
PC as a Service market will have the substantial growth in the North America and APAC. North America is the largest provider of the PC as a Service as many companies like Dell, HP are significantly present and adopted in this region.
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