Press release
Computer Rental & Leasing Market Demand is Anticipated to Reach US$ 5.5 billion by 2032
Computer Rental & Leasing
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Leasing and renting computers are becoming more popular among businesses compared to outright purchases. This trend offers flexibility and financial benefits, allowing users to access the latest computer features, thus driving demand for rental computers.
From 2017 to 2021, the global computer rental & leasing market registered a CAGR of 1.8%, according to Fact.MR's detailed industry analysis. Looking forward, the market is projected to maintain a growth rate of 2.1% CAGR between 2022 and 2032.
The rise of remote or hybrid working models has created a lucrative opportunity for market growth. The COVID-19 pandemic accelerated the adoption of these models, increasing the demand for rented computer devices.
The leisure & entertainment industry is also expected to drive significant demand during this period. The Asia Pacific and North America markets will see notable growth due to the increasing popularity of the gaming & streaming sectors, which will boost the demand for computer rental services.
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Key Takeaways from the Market Study
The global market for computer rental & leasing is projected to expand at a CAGR of 2.1%, reaching US$ 5.5 billion by 2032.
The market grew at a CAGR of 1.8% from 2017 to 2021.
Laptop/tablet rental & leasing services dominate the market, valued at US$ 3.4 billion in 2022.
North America leads the global market with a 38% market share in 2021.
Revenue from computer rental & leasing is expected to grow at CAGRs of 2.8% and 2.6% in Europe and South Asia & Oceania, respectively.
Segmentation of Computer Rental & Leasing Market
By Solution : Rent, Long Term, Short Term, Lease, Long Term, Short Term
By Application : Commercial, Conference & Business Sessions, Temporary Office Setups, Training Seminars, Tests & Exam Setups, Educational Sessions, Retail, Individual, Gaming & Streaming
By Region : North America, Latin America, Europe, East Asia, South Asia & Oceania, MEA
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Competitive Landscape
Prominent computer rental & leasing service providers include Technocorp Australia, All-Set Rentals, ALOC, APEX, Aria AV, Computer Junction, Computermiete.de GmbH & Co. KG, Computer-Rental, FlexIT Rent, Global Nettech, IET Innovative Edge Technologies, Mieux Technologies Pvt. Ltd., ORIX Rentec, Rush Computer Rentals, SmartSource, Sumo Technologies Pvt. Ltd., System-Rent A. Kreitz KG, United IT Services, Vernon Computer Source, Aaron's Inc., and Rent-A-Center Inc.
The computer rental services market is highly competitive, with new entrants regularly joining the sector. Both new and established players are offering devices with the latest configurations to strengthen their market presence.
In January 2021, Capital Power Backup, a rental service provider in India, launched a computer-on-rent service in Delhi NCR. This service caters to both households and businesses, offering computers with i3, i5, and i7 processors.
In March 2022, France-based start-up Fleet introduced new computer and smartphone rental services available on a monthly fee basis for businesses and individuals.
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