Industry Insight:
Personal Computer as a Service (PCaaS) plays a fundamental role in the management of hardware devices. The global personal computer as a service market depends on this factor significantly, and based on this, it could expect an impactful growth of 55.1% CAGR during the forecast period (2018-2024), reveals Market Research Future (MRFR) in an extensively studied report. The study further states that the optical sensing market will double its market valuation by reaching high valuation in the same timeframe.
Top Impacting Factors
For some years, PC as a service Market has witnessed significant shifts, and its vendors have faced many challenges to adapt to the changing market and stay relevant with new products and services. Each vendor in the hardware market is navigating its path to remain relevant in this shifting market and create new products and business strategies. In the case of point, HP Company focused on using premium materials, introduced privacy technologies built into each PC unit, and found success in laptops that convert to tablet computers. Others leading companies, such as Dell Technologies, also shifted their attention to cloud service and storage solutions while moving away from manufacturing computer hardware to providing software and service solutions efficiently. These factors have been responsible for leading the market for some years and have shown the path of positivity for the future growth aspects.
More factors such as growing demand for PC as a service in small and midsized enterprises (SMEs) have also contributed to the growth of the market. This will continue in the future growth of the market, finds MRFR in its research report. In fact, the decreasing rate in IT staffing costs and workload has also been one of the indispensable factors leading to the growth of the market in the forecast period. Furthermore, other key driving factors for the growth of the PCaaS market include the mounting need to subordinate the capital expenditure (Capex) and operational expenditure (Opex) by businesses as well as the adoption of contract-based services and solutions by SMEs.
Despite these factors, some impeding factors have also been studied. The factors such as rising adoption of BYOD and CYOD policies among SMEs, rising security concerns, and lack of technical expertise are also probable to impede the growth of the PCaaS market during the assessment period.
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Segmentation of Market: PCaaS
The PCaaS market globally has been segmented by component organization size and industry verticle.
The market of personal computers as a service (PCaaS), by component segment, has included hardware, software, and service. Among these, the hardware segment occupied the largest market share in the PC as a Service market. The hardware segment included desktop and laptops. The solution segment occupied the second-largest market back in the year 2018. In the last, the service segment is endorsed to record the highest CAGR during the forecast period.
By the organization size segment, the market has included large enterprise, small, and medium enterprises (SMEs).
By industry vertical segment, the market has included Healthcare, BFSI, Retail, IT & Telecom, Education, Manufacturing, Government, and more.
Regional Outlook
The personal computer as a service (PCaaS) market, regionally, has been studied among the regions of North America, Asia-Pacific, the Middle East & Africa, Europe, and South America.
Among all these regions, North America is likely to lead the personal computer as a service (PCaaS) market during the growth period, followed by Asia-Pacific. North America is the governing region in terms of market share in the PCaaS market. The market has the existence of many PCaaS vendors that offer their services to regional as well as international clients. The outstanding players in the region embrace L.P., HP Development Company, SHI International Corporation, Microsoft Corporation, and Plantronics, Inc., effective in the region.
Asia-Pacific region is also feasible to be the fastest-growing market from 2018 to 2024. In contrast, Europe will also remain at the third spot in the PCaaS market in terms of market share during the assessment period.
Market Players Covered
The prominent players of the global personal computer as a service (PCaaS) are included as Microsoft Corporation (US), HP Development Company (US), Lenovo (Hong Kong), Dell Inc. (US), Capgemini (France), CompuCom Systems, Inc., (US), Dimension Data (South Africa), SHI International Corp. (US), Avaya Inc. (US) and Softcat PLC (UK).
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