The PC as a Service market is currently in the growth phase and is expected to
grow further in the near future. In terms of value, it is expected to grow from
USD 15.9 billion in 2019 to USD 141.6 billion by 2024, at a CAGR of 54.9%
during the forecast period.
The growth of the PCaaS market is driven by factors
such as the inclination of businesses toward the OPEX model rather than the
CAPEX model, and the superior benefits offered by PCaaS business model.
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Also, additional advantages of the PCaaS model, such
as flexibility and scalability, are expected to drive the PCaaS market. On the
other hand, factors such as the absence of awareness in the field of PCaaS in
developing countries, and the lack of product differentiation; and challenges
such as security and data protection risks in BFSI are barriers inhibiting the
growth of this market.
Software offerings to register the highest CAGR for
PCaaS market during the forecast period
PCaaS market for software offerings to grow at
highest CAGR during the forecast period. Software is designed to generate and
automate computer programs, which transform data into specific information.
PCaaS subscription offers customized software as per the end-user requirements.
Software offerings in PCaaS include operating system/imaging, security
software, asset management, as well as other factory-installed software.
Companies operating in this space are approaching different independent
software vendors (ISVs) for catering to the needs of end-users. PCaaS
subscription provides upgrades and maintenance of software on a timely basis at
a reasonable cost, allowing companies to enhance productivity and patch
security flaws.
IT & Telecommunications vertical to hold the
largest size of PCaaS market during the forecast period
Based on vertical, the PCaaS market is segmented
into IT & telecommunications; healthcare & life sciences; education;
BFSI; government; and others (retail and manufacturing). The IT &
telecommunications vertical to hold the largest size of PCaaS market, during
the forecast period. Access to secure, reliable, and high-performance
communication is fundamental to operations of energy utilities, healthcare institutions,
defense industry, transportation, and financial institutes. These verticals
highly rely on IT & telecommunications departments for the smooth working
of their business processes. PCaaS offers timely upgrades & maintenance of
hardware and software, allowing companies to reduce IT burdens; moreover, it
helps to avoid technological obsolescence, which ultimately enhances
productivity.
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PCaaS market in Asia Pacific expected to grow at
highest CAGR during the forecast period
The PCaaS market has been segmented based on major
regions into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The global PCaaS market is expected to grow owing to the shift in
organizational preference towards OPEX based business models; allowing them to
priorities their investments. The growth is also supported by the benefits
offered by PCaaS over traditional PCs and increasing adoption of PCaaS by small
and midsized enterprises (SMEs) in the region.
Lenovo (Hong Kong), Hewlett-Packard (US), Dell
Technologies (US), CompuCom Systems (US), Microsoft (US), Service IT Direct
(Bizbang) (US), StarHub (Singapore), Telia (Sweden), Arrow Electronics (US),
and SHI International (US) are key players operating in this space.
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