PC as a Service Market: Emerging Opportunities, Trends and Forecast Analysis (2021-2029)

PC as a Service Market was valued at US$ 24.37 Bn. in 2021, and the total PC as a Service revenue is expected to grow at a CAGR of 47.3% for the period 2022-2029, reaching nearly US$ 540.28 Bn. in 2029.
PC as a Service Market Overview:
PC as a service also called the device as a service is a “device lifecycle management model” in which organizations pay monthly fees to the vendor to lease endpoint hardware and management service. They are offering services like imaging, deployment, migration, repair, and disposal. Due to increased benefits such as reduced cost, maintain cash flow liquidity, modernized pc life cycle, and flexible payment solutions, etc. these are increasingly used in financial, telecommunication, IT, healthcare applications. As a result, the global PC as a service market is expecting to reach US$ 540.28 Bn. by 2029.

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PC as a Service Market Dynamics:
The increasing number of small and medium scale organizations and their shift toward the operating expense (OPEX) model from the capital expenditure model are driving the growth of the pc as a service market. Operating expenses are the funds that support day-to-day operations. These Pc as a service are highly flexible and scalable and help in minimizing the expenditure of the business. Rapid growth in technology and adoption of IoT devices in different business organizations are adding an advantage to the market growth. According to “IoT STARTUP REPORT 2019”, more than 1018 startups identified in IoT’s, and the majority of them have dedicated to IT software offerings.

The increasing number of information and technology (IT) businesses across developing countries, the rapid expansion of telecommunication sectors, and the adoption of pc as a series based on contract are boosting the global market. An increasing number of IT startups entry to the Indian market like WESTGHATS TECHNOLOGIES, Synctag, and SEQATO are anticipating the market growth. These Pc as services helps in increasing employee productivity and efficiency, simplify IT management through cloud provisioning and remote management frees up IT resources. In November 2021, Dell technologies launched its DELL FINANCIAL SERVICE (DFS) in Singapore, to provide financing alternatives to regional and global customers. Which includes Software Instalments, PC-as-a-Service (PCaaS), and Dell Technologies APEX Custom Solutions.

Increasing younger generation attraction towards PC gaming and rapid expansion of the gaming industry are fuelling the growth of the market. In 2020 the number of games released is more than 8036 and this number is expecting rise by 45% during the forecast period. According to a survey in 2020, TAIWAN stood at first place with 46% of the population playing games on PC, followed by China (45%) and the Philippines (44%).

The increasing number of cyber-attacks and data breaches on banking & financial institutions and IT organizations are hindering the growth of the Pc as a service market. Because they are failing in providing suitable technical supports, security, and stability to the businesses. Furthermore, Lack of awareness among small and medium businesses present in developing countries such as India and China, that how it can help in saving unwanted expenditure.
PC as a Service Market Segment Analysis:
Based on Type Segment, PC as a Service Market is sub-segmented into small and medium-sized enterprises (SMEs) and large enterprises. The small and medium-sized enterprises segment dominates the global market and it held a share of 51 % in 2021. The increasing number of SMEs across the countries and rising government support to boost the economy are creating demand for the pc as a service market. In 2021, approximately 213.52 Mn. SMEs are registered across the globe and this number is expecting rise by 29% during the forecast period. In 2021 Government of India disbursed a loan amount of US$ 128.03 Bn. in support of the SMEs sector. These are the developments boosting the growth of the market. Growing awareness among the business regarding the benefits of pc as a service like the ease of maintenance, cost savings, better resilience, and increased user flexibility is anticipating the growth of the global pc as a service market.

Based on Vertical Segment, the PC as a Service Market is sub-segmented into education, Healthcare & Life Sciences, and IT & Telecommunications. The IT & Telecommunications segment dominates the global market and was valued at US$ 4.8 Bn. in 2021. Growing demand for advanced technologies across the globe, increasing investment in the IT sector, and expansion of the telecommunication sector are driving the growth of the pc as a service market. In the Asia Pacific, India can become a huge market for the Pc as a service due to the increasing number of internet users and adoption of 5G networks in the country. And it is expected that India’s 5G subscription to reach 470 Mn. by 2029. Healthcare and life science take the second in pc as a service market growth. Because limited use of computers in hospitals for medication and treatment, surgical procedures, and record-keeping.
PC as a Service Market regional insights:
In 2021, Asia-Pacific held the largest share in the global pc as a service market. The increasing number of software companies, government spending on technology, and rapid growth in 5G technology are driving the growth of the global market. In 2019, the Malaysian government spent around US$ 15.5 Bn on the IT sector to minimize its dependency on other countries for software technologies. Increasing investment by the Indian government to boost the SME sector is anticipating market growth in this region. For this GOI launched Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE) to provide collateral-free loans of up to one crore to individual micro and small enterprises. In 2017, the US government imposed an investigation on Chinese innovations and IPRs and raised the tariff by 25% on US$ 250 Bn worth of imports from China. This is a factor may slow the growth of pc as a service market in the Asia-Pacific region.

The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global PC as a Service Market dynamics, structure by analyzing the market segments and projecting the Global PC as a Service Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global PC as a Service Market make the report investor’s guide.
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Global PC as a Service Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 24.37 Bn.


Forecast Period 2022 to 2029 CAGR:
47.3 %
Market Size in 2029:
US $  540.28 Bn.


 Segments Covered:
by Type
• Small and medium-sized enterprises (SMEs)
• Large enterprises


by Offering
• Software
• Hardware


by Vertical
• Education
• Healthcare & Life Sciences
• IT & Telecommunications



Global PC as a Service Market, by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Global PC as a Service Market Key Players
• HP
• Dell
• Lenovo
• Microsoft
• HCL
• Amazon Web Services
• Star hub
• CompuCom
• Utopic Software
• Bizbang
• Blueally
• Blue Bridge
• Broadview Networks
• Computer Generated Solutions
• Cybercore
• Hemmersbach Holding GmbH
• Service IT Direct
• Telia
• Arrow Electronics Inc.
• SHI International Corp
• Softcat plc
• PC Connection Inc.
• ATEA Group
• Zones LLC
• Intel Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global PC as a Service Market?
Ans: Asia-Pacific held the largest share in 2021.

2. What is the growth rate of the Global PC as a Service Market?
Ans: The Global PC as a Service Market is growing at a CAGR of 47.3% during the forecasting period 2022-2029.

3. What segments are covered in Global PC as a Service Market?
Ans: Global PC as a Service Market is segmented into type, offering, and vertical.

4. What is the study period of this market?
Ans: The Global PC as a Service Market is studied from 2021 to 2029.