Hardware-as-a-Service Market to Reach $525.74 Billion by 2031
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
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Source: Globenewswire
- Market Growth: The global Hardware-as-a-Service market, valued at $120.54 billion in 2025, is projected to surge to $525.74 billion by 2031, with a CAGR of 27.82%, indicating a strong trend of enterprises transitioning to subscription models.
- Capital Flexibility: Subscription models are freeing up capital for strategic projects, as evidenced by Dell APEX customers reporting a 50% reduction in help-desk load, demonstrating the effectiveness of these models in mitigating technological obsolescence risks in fast-evolving sectors.
- Shortened Device Lifecycle: The shift to distributed work environments necessitates more frequent device refresh cycles, now under four years, with innovative solutions like HP's quantum-resistant firmware highlighting the security demands in today's device turnover.
- SME Adoption Challenges: Despite the clear advantages of HaaS, SME adoption remains slow due to a lack of financial expertise and resources for evaluating subscription options; however, efforts by providers and government incentives are helping to bridge this gap.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.69 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
47 Analyst Rating
46 Buy
1 Hold
0 Sell
Strong Buy
Current: 243.010
Low
250.00
Averages
294.69
High
340.00
Current: 243.010
Low
250.00
Averages
294.69
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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