By the end of Q3 this year, Vega Global aims to provide its entire range of solutions through various flexible options such as pay-per-use, risk and revenue sharing, and as-a-Service models.
The move comes as Vega Global expands its strategic focus in response to evolving customer demands.
Vega's CEO, Steven Medeiros said: “As customers now look for greater value from their service providers and want to pay for technology as they use it, with more flexibility, and in some cases look for their providers to share business risk, it is critical that service providers stay ahead and relevant by meeting market needs. Having the agility to adapt quickly at a time when every company is challenged to embrace digital transformation is key to sustaining long-term customer partnerships.”
Vega Global's as-a-Service offerings aim to enable customers to pay for integrated technology solutions, encompassing all aspects of audio, video and collaboration solutions over time through regular payments. This approach seeks to provide the flexibility to upgrade equipment when needs change while receiving ongoing support throughout the payment term.
Vega Global plans to gradually introduce its as-a-Service offerings across most of its locations in Asia, driven by customer demand. Over time, Vega Global anticipates that most of its revenues will stem from services, reflecting customers' increasing shift away from treating technology as a capital expenditure burden.