Desktop as a Service - Hong Kong

  • Hong Kong
  • Revenue in the Desktop as a Service market is projected to reach US$27.30m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.09%, resulting in a market volume of US$57.57m by 2029.
  • The average spend per employee in the Desktop as a Service market is projected to reach US$7.32 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$2,041.00m in 2024).

Key regions: United Kingdom, Italy, Japan, United States, Canada

 
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Analyst Opinion

The Desktop as a Service market in Hong Kong is experiencing significant growth and development.

Customer preferences:
Customers in Hong Kong are increasingly adopting Desktop as a Service (DaaS) solutions due to several reasons. Firstly, the convenience and flexibility offered by DaaS allows users to access their desktop and applications from anywhere, at any time, and on any device. This is particularly appealing to the dynamic and mobile workforce in Hong Kong, where employees often work remotely or travel frequently. Secondly, DaaS provides a scalable solution that can easily accommodate the changing needs of businesses, allowing them to quickly and efficiently add or remove users as required. This scalability is especially important in Hong Kong, where businesses are constantly evolving and adapting to market demands. Lastly, the security features offered by DaaS providers give customers peace of mind, as data is stored and protected in secure data centers, reducing the risk of data breaches or loss.

Trends in the market:
One of the key trends in the DaaS market in Hong Kong is the increasing adoption of cloud-based solutions. Cloud-based DaaS offers several advantages over traditional on-premises solutions, such as lower upfront costs, easier management and maintenance, and the ability to quickly scale resources up or down. As more businesses in Hong Kong recognize these benefits, they are shifting towards cloud-based DaaS solutions. This trend is further supported by the availability of high-speed internet connectivity in Hong Kong, which enables smooth and reliable access to cloud-based desktops and applications. Another trend in the DaaS market in Hong Kong is the integration of additional services and features into DaaS offerings. DaaS providers are expanding their portfolios to include value-added services such as data backup and recovery, disaster recovery, and advanced security features. This trend is driven by the increasing demand for comprehensive and holistic solutions that address multiple IT needs. By offering these additional services, DaaS providers in Hong Kong are able to differentiate themselves in a competitive market and provide customers with a one-stop solution for their IT requirements.

Local special circumstances:
Hong Kong is a global financial hub and a major business center in Asia. The city is known for its highly competitive and fast-paced business environment, where companies strive to stay ahead of the curve and embrace the latest technologies. This unique business landscape creates a favorable environment for the growth of the DaaS market in Hong Kong. Businesses in Hong Kong are constantly seeking innovative and efficient solutions to enhance their productivity and competitiveness, and DaaS provides a compelling proposition in this regard.

Underlying macroeconomic factors:
The strong economic growth and digital transformation initiatives in Hong Kong are driving the development of the DaaS market. The city's robust economy and favorable business environment attract multinational companies, startups, and entrepreneurs, all of whom require flexible and scalable IT solutions. Additionally, the Hong Kong government has been actively promoting the adoption of cloud computing and other emerging technologies through various initiatives and incentives. These factors contribute to the positive growth trajectory of the DaaS market in Hong Kong.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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