Hardware As A Service Market Anticipated to Grow at 20.1% CAGR Through 2030: Report

• 04 Apr 2026
• TM Team
• 0 Comments

Hardware As A Service market to surpass $234 billion in 2030. In comparison, the Device-As-A-Service market, which is considered as its parent market, is expected to be approximately $866 billion by 2030, with Hardware As A Service to represent around 27% of the parent market. Within the broader Information Technology industry, which is expected to be $13,807 billion by 2030, the Hardware As A Service market is estimated to account for nearly 2% of the total market value.

North America will be the largest region in the hardware as a service (HaaS) market in 2030, valued at $88 billion. The market is expected to grow from $36 billion in 2025 at a compound annual growth rate (CAGR) of 20%. The rapid growth can be attributed to the widespread adoption of cloud computing and edge infrastructure, increasing enterprise demand for subscription-based IT infrastructure, rapid digital transformation across industries, and strong presence of major technology vendors and managed service providers across the USA and Canada.

The USA will be the largest country in the hardware as a service (HaaS) market in 2030, valued at $79 billion. The market is expected to grow from $33 billion in 2025 at a compound annual growth rate (CAGR) of 19%. The rapid growth can be attributed to high enterprise IT spending, rapid adoption of cloud-integrated hardware solutions, strong presence of hyperscale data centers and technology providers, increasing demand for managed device lifecycle services, and the growing shift of enterprises toward subscription-based infrastructure models to improve operational efficiency and technology refresh cycles.