DaaS provides immediate software and hardware upgrades and support, allowing businesses to reduce their IT load; additionally, the approach helps to avoid technology stagnation, improving efficiency. The adaptable structure of device-as-a-service enables organizations to increase the number of connected devices and services. These factors are likely to drive the market during the forecast period. The device-as-a-service market is gaining traction among large, small, and medium-sized businesses because it enables them to obtain hardware such as laptops, PCs, cellphones, and iPads pre-loaded with pre-configured applications or services.
Device-as-a-Service Market Report Scope and Research Methodology:
The key objective of the report is to provide a comprehensive assessment of the Device-as-a-Service market, including major leading stakeholders in the Device-as-a-Service industry. The assessment clearly shows the forecasted market size and trends, as well as the historical and present status of the Device-as-a-Service market. The report provides information on the Device-as-a-Service market’s revenue, share, production and sales. The report also includes Device-as-a-Service market segment trends, investment and technology with the competitive landscape. It also includes the analysis of the regional as well as market segments, application areas and market growth strategies. An in-depth analysis of the market segmentation assists to determine the prevailing market opportunities and the major segments of the Device-as-a-Service market are further divided into sub-segments.
The report provides a qualitative and quantitative analysis of the Device-as-a-Service market from 2022 to 2029 to identify the prevailing market opportunity. Porter’s five forces analysis highlights the potency of the suppliers and buyers in the Device-as-a-Service industry to enable stakeholders to make profit-oriented business decisions and strengthen their buyer-supplier network. The Device-as-a-Service market study provides unique guidance in thoughtful details regarding the development factors and has used a top-down and bottom-up approach to keep it error-free and accurate. Extensive primary and secondary research methodologies have been used by SMR’s expert analysts to collect the data for the Device-as-a-Service market report.
Device-as-a-Service Market Overview:
The Device-as-a-Service Market's drivers, restraints, technical advancements, product developments, market opportunities, restrictions, growth strategies, and market prospects, as well as the forecast period, have been covered in the report in detail. The report offers an in-depth look at the Device-as-a-Service industry, including key figures such as Device-as-a-Service market size, market share, revenue growth, and CAGR for the forecast p
Device-as-a-Service Market size was valued at US$ 49.7 Billion in 2020 and the total Device-as-a-Service revenue is expected to grow at 37.8% through 2021 to 2027, reaching nearly US$ 468.92 Billion.
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Device-as-a-Service Market Drivers:
The rapid acceptance of the membership services model is one of the key drivers of the Device-as-a-Service Market. By utilizing premium account-based device-as-a-service models, consumers can shift the high cost of obtaining the latest technology from capital spending to an upfront investment. This can be used by a variety of firms, small, medium, and large, to free up capital for investment in revenue-generating strategic projects. Other benefits include meeting compliance requirements, having access to cutting-edge innovations, and having access to specialized services such as system configuration, deployment, data transmission, on-site assistance, and technological recycling.
Device-as-a-Service Market Segmentation:
In 2020, the IT Telecom segment dominated the Device-as-a-Service Market by End-User. It is expected to grow at the fastest CAGR of 15.8% during the forecast period.
Access to reliable, high-performance technology IT equipment is critical to the operations of the IT and telecommunications sectors; as a result, this category has the highest demand for IT devices such as laptops and smartphones.
Device-as-a-service provides regular hardware and system upgrades and servicing, allowing businesses to reduce IT responsibilities while avoiding technological stagnation, ultimately improving productivity. Adopting device-as-a-service in the IT and telecommunications sectors helps firms reduce IT expenditures by offering fair prices for leasing hardware, avoiding delays, and handling gadgets effectively by providing application security services.
Firms such as Cognizant Connect use HP's device-as-a-service offerings; using device-as-a-service strategies has helped these organizations increase their performance and effectiveness while saving time and money. Furthermore, with growing awareness of the potential benefits of device-as-a-service and a shift in inclination from the Capital expenditure corporate framework to the Operational expenditure corporate framework in order to save extra expenditures in IT architecture, the Device-as-a-Service Market is expected to grow rapidly.
Device-as-a-Service Market Key Players:
Dell Technologies (US)
Microsoft (US)
Cisco (US)
CompuCom(US)
3stepIT (Finland)
Telia Company (Sweden)
Atea Global Services (Latvia)
CHG MERIDIAN (Germany)
CSi leasing (US)
Computacenter (UK)
Econocom (France)
GreenFlex (France)
GRENKE (Germany)
Excellence IT (UK)
Foxway (Sweden)
Apple (US)
Device-as-a-Service Market Regional Insights:
Major countries in each region are included in the report according to their revenue contribution to the Device-as-a-Service market. The study includes a region-wise detailed analysis of the Device-as-a-Service market. The regions are:
- North America
- Asia Pacific
- Europe
- Latin America
- the Middle East, and Africa
Key Questions answered in the Device-as-a-Service Market Report are:
- What are the sales, production, consumption, and import and export of Device-as-a-Service globally (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major players in the Device-as-a-Service Industry on a worldwide scale?
- What is the state of business of Device-as-a-Service market players?
- What are the market opportunities and restraints for Device-as-a-Service suppliers in the Device-as-a-Service industry?
- Which application, end-user, or product category might be looking for new growth opportunities? What is each type's and application's Device-as-a-Service market share?
Key Offerings:
- Market Share, Size Forecast by Revenue | 2022−2027
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Top Key Players and Other Prominent Players
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