Device as a Service (DaaS) Market size can touch a value of USD 425.6 billion with 25.7% CAGR by 2030. DaaS providers offer management services of hardware devices such as laptops, desktop PCs, and others in a single contract to large firms.
Device as a Service (DaaS) Market was gaining huge demand and will continue its streak till the end of the COVID-19 pandemic. Large number of companies looking for devices during lockdowns for seamless resumption of work can drive the market demand. Small and medium size enterprises have been demanding DaaS for reducing expenses pertaining to hardware and focus on marketing and sales strategies. Mitigation of risks, reduced downtime, and analytics can bode well for the device as a service market during the forecast period.
The device as a service (DaaS) market share consists of major sub-segments, including hardware, solution (software), and services. The hardware segment is further divided into desktop, laptops, printers, and others. The solution (software) includes all types of solutions, such as operating systems, virtualization tools, security software, backup/disaster recovery tools, database management tools, email servers, and developer tools that are required to run the hardware devices mentioned above. The services segment is further divided into professional services and managed services. Professional services include consulting services to provide customized solutions, maintenance, and other support services for the hardware devices.
Device as a Service (DaaS) Market Segmental Analysis
By Organization Size
Small & Medium Enterprises
IT & Telecommunication
Device as a Service (DaaS) Market Key Players
Apple Inc. (U.S.)
Dell Inc. (U.S.)
Amazon Web Services Inc. (U.S.)
HP Development Company L.P. (U.S.)
CompuCom Systems Inc. (U.S.)
Citrix Systems Inc. (U.S.)
Acer Inc. (Taiwan)
Plantronics Inc. (U.S.)
SHI International Corp. (U.S.)
Intel Corporation (U.S.)
Scantron Corporation (U.S.)
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Device as a Service (DaaS) Market Regional Analysis
Geographically, the device as a service (DaaS) market has been categorized into five different regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to dominate the global device as a service (DaaS) market growth throughout the forecast period owing to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) by enterprises as well as the adoption of contract-based services and solutions by SMEs.
Device as a Service (DaaS) is a subscription-based model that provides businesses with hardware and IT support at a predictable cost . This model allows businesses to lease hardware, such as PCs, smartphones, and other mobile computing devices, as a service instead of purchasing and managing them on their own.
DaaS providers handle the procurement, deployment, and management of IT equipment, making it easier for businesses to stay up-to-date with the latest technology and minimize downtime due to hardware failures.
Overall, Device as a Service offers a range of benefits to businesses, including lower costs, easier hardware management, and more predictable expenses. As such, it has become a popular choice for businesses of all sizes looking to simplify their IT infrastructure and focus on their core operations.
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