Lenovo Launches Global Everything-as-a-Service Strategy

Rhea-AI Summary

Lenovo has introduced an all-encompassing as-a-service model under its Lenovo TruScale umbrella at the Tech World event. This strategy aims to unify various offerings into a single contract framework, addressing the increasing demand for technology solutions in a hybrid work environment. Lenovo TruScale is expected to provide scalable cloud-like services to businesses, enhancing flexibility and predictability in payments. The as-a-service market is projected to grow significantly, with enterprise storage and server spending expected to increase dramatically over the next few years.

Positive

• Introduction of Lenovo TruScale as an everything-as-a-service platform, enhancing customer flexibility.
• Projected growth in the as-a-service market, with enterprise storage spending expected to exceed 50% in three years.
• Strategic partnerships with major players like Deloitte and VMware, enhancing service offerings and market presence.

Negative

• None.

From the pocket to the cloud, Lenovo offers its entire portfolio as-a-service under an expanded Lenovo TruScale umbrella

RESEARCH PARK TRIANGLE, N.C.--(BUSINESS WIRE)-- Today, at its annual Tech World event, Lenovo announced an evolution in its consumption-based business model, introducing Lenovo TruScale, a new portfolio-spanning everything-as-a-service offering. This announcement is part of Lenovo’s continuing transformation for the next reality – a new era where consumers and business leaders need new solutions and technologies to face unprecedented change in business, education, living and beyond.

Expanding its TruScale brand beyond infrastructure services, Lenovo is bringing all of its as-a-service offerings under one umbrella to provide a truly global solution that makes everything from the pocket to the cloud available via a single contract framework. Lenovo TruScale embodies the company’s vision and transformation for the next reality – meeting the growing global demand for smarter technology amid a new era of hybrid working and learning.

“Digital transformation is accelerating faster than ever, and companies are struggling to keep pace with the speed of innovation. We hear from CIOs every day that their organizations’ technology needs are evolving every 12-18 months,” said Ken Wong, president of Solutions & Services Group. “With Lenovo TruScale, customers can expect one solution, one provider, one contract framework, and a single point of accountability for everything-as-a-service.”

Lenovo TruScale offers businesses of all sizes an everything-as-a-service platform with the flexibility they need to stay competitive with a scalable, cloud-like consumption model and predictable payment options for hardware and service inclusions. This transition to a fully integrated as-a-service strategy brings to life the company’s “One Lenovo” vision – addressing common business challenges and providing IT leaders with the performance and flexibility to pay-as-you-grow. With Lenovo TruScale, IT leaders’ infrastructure solutions are fully managed, giving customers the advantages of an on-premise cloud environment along with the peace of mind around data management in a hybrid environment.

Research shows the as-a-service market is growing at four times the overall IT services total addressable market. In three years, as-a-service models will represent 12% of enterprise x86 server spend and over 50% of new enterprise storage spend, growing at 40% CAGR and around 17% of commercial PC spend, up from 1% two years ago and growing at 50% CAGR.¹

As the world shifts to a flexible “work, learn and connect-from-anywhere” model, organizations that embrace smarter technology designed for a hybrid reality will benefit from this transition. This requires flexibility in devices and work platforms, on-demand support when and where needed, and customizable solutions across the organization, benefits that many will recognize from Lenovo’s existing Device-as-a-Service solution. Now moving under the new TruScale umbrella, Lenovo DaaS will continue to help customers move to a Modern IT environment by combining the best end-to-end technology from across Lenovo with lifecycle services and support and convenient financing to deliver lower total cost of ownership.

Lenovo is building a new way to deliver as-a-service to the market and offer organizations ultimate flexibility in how they leverage their IT infrastructure, services and software. By forming strategic alliances with other market leaders, customers can get the public cloud experience with the security and control of an on-premises solution. As part of this new platform, Lenovo has joined with leading infrastructure partners Deloitte, VMWare and Intel, and DaaS security partners Absolute Software and SentinelOne to provide organizations with various dynamic offerings such as hybrid cloud solutions for Edge to Cloud environments, best-in-class managed security solutions and access to the most current storage infrastructure innovation, for the life of their data, with the ability to scale storage capacity on demand.

“Lenovo’s as-a-service approach helps meet the market's demand for responsive, reliable hybrid cloud operations. Put simply our organizations are helping companies grow their enterprises and mitigate risks to create more value and serve society better,” said Punit Renjen, CEO of Deloitte Global.

Learn more about TruScale’s latest offerings at Lenovo’s annual global innovation event, Tech World.

¹ Gartner, IDC, Lenovo Market Intelligence

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$60 billion revenue Fortune Global 500 company serving customers in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that power (through devices and infrastructure) and empower (through solutions, services and software) millions of customers every day and together create a more inclusive, trustworthy and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com and read about the latest news via our StoryHub.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210907005942/en/

Charlotte West, cwest@lenovo.com

Source: Lenovo

FAQ

What is Lenovo TruScale introduced on September 7, 2021, under stock symbol LNVGY?

Lenovo TruScale is an everything-as-a-service platform that allows businesses to manage their IT infrastructure with a unified contract framework, enhancing flexibility and predictability.

How is the as-a-service market expected to grow according to Lenovo's announcement?

The as-a-service market is projected to grow at a 40% CAGR, with enterprise storage spending expected to exceed 50% and x86 server spending reaching 12% in three years.

What partnerships has Lenovo formed to enhance its service offerings with TruScale?

Lenovo has partnered with Deloitte, VMware, and Intel to provide hybrid cloud solutions and managed security as part of its TruScale services.

What benefits does Lenovo TruScale aim to provide to IT leaders?

Lenovo TruScale aims to offer IT leaders greater flexibility, a scalable cloud-like consumption model, and a fully managed infrastructure solution.