The size of the global device as a service market was estimated at USD 22.22 billion in 2022 and is expected to increase from USD 27.62 billion in 2023 to USD 154.93 billion by 2030, exhibiting a CAGR of 27.9% over the forecast period. North America accounted for the lion's share of market growth.
Device as a Service is the subscription-based provision of IT management services and hardware, such as computers, smartphones, and mobile devices. With the help of its affordable subscription-based service, businesses can equip their remote teams with the tools they require. By choosing this model, companies can lower their capital expenditures while still providing the right infrastructure to meet their changing needs.
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Information about the report:
- Forecast Timeframe: 2023-2030
- The starting year is 2022
- Market Size in 2022: USD 22.22 billion
- The market size in 2030 will be USD 154.93 billion
- CAGR: 27.9%
- Segments Included: according to deployment type, application, enterprise type, sector, and geographic region
The Device as a Service Market is a large and growing sector that covers various aspects, such as market size, market share, market segment, and industry. The size of the Device as a Service Market is the total amount of money service providers make when selling their products to customers. Device as a Service Market share is the percentage of the market that is under the control of one or more providers. The term device as a Service Market Segment refers to the different categories of applications based on their functions, features, or target users. The term industry refers to the various sectors or domains that use applications for their business operations or activities.
Analyses of the worldwide Device as a Service Market are conducted across regions, end-user industries, and material types. The study thoroughly examines segments and their sub-segments with tabular and graphic depictions. The segmentation can help investors and market participants create plans based on the report's list of the segments with the highest revenue growth rates.
By Offering Analysis,
The market is split into services and hardware as a result of offerings. Over the forecast period, a higher CAGR is anticipated for the services segment. These services make up a group of services related to the device life cycle, which also includes deployment & integration, installation, asset recovery, maintenance, and repair. These services are often flexible and can be optimized and tailored. A number of service providers and value-added resellers have benefited from the rising demand for services in this market, which has also encouraged them to collaborate with hardware producers. Additionally, ongoing support and services for electronic equipment that give end users flexibility help to ensure the smooth operation of a business.
By Enterprise Type Analysis,
The market is divided into two categories based on the size of the enterprise: large enterprises and Small & Medium Enterprises (SMEs). The cost-effective device-as-service subscription-based models are expected to cause the Small and medium Enterprises (SMEs) segment to grow significantly at a higher CAGR during the forecast period.
By End-User Analysis,
The market is divided into BFSI, education, healthcare, and life sciences, as well as IT and telecommunications, government, and the general public, as well as other end-user segments that are utilizing device-as-a-service models to improve their business operations. In 2022, the IT and telecommunications segments of this group dominated the market. Due to the importance of security, dependability, and excellent performance of IT equipment to critical operations, this industry generates the highest demand for devices like laptops, smartphones, desktops, tablets, and other peripherals. The DaaS model and its benefits are becoming more widely known, and preference is shifting toward OpEx models in an effort to reduce investment in IT infrastructure.
By Industry Analysis,
For businesses, integrating new software systems into the IT infrastructure can be a challenge. A significant challenge for the providers is the lengthy system integration required for a high volume of data transfer. In order to give users the option of using tools hosted on the platform, the DaaS offering may limit the number of tools that can be used.
List of Key Companies Profiled:
Leading companies in the global market want to move to a subscription-based model in order to support more users and allow more devices to run on the platform. To expand their business presence, they concentrate on acquiring small and regional companies. Additionally, mergers and acquisitions, strategic alliances, and innovative investments in device technologies support the market's expansion.
Key Companies Proposed:
“Dell Technologies (U.S.), Lenovo (China), HP Development Company, L.P. (U.S.), Microsoft Corporation (U.S.), CompuCom Systems, Inc. (U.S.), Atea Global Services Ltd. (Latvia), Computacenter plc (U.K.), RingCentral, Inc (U.S.), Intel Corporation (U.S.), Accenture (Ireland)”
By Region,
This market is divided into South America, North America, Europe, Asia Pacific, the Middle East, and Africa on a regional basis.
Due to the presence of major players in nations like the U.S., Canada, and Mexico, where new technologies have been adopted quickly, North America held a significant share of the device as a service market in 2022, according to the analysis. Government policies and guidelines for SMEs and large businesses make the regional market possible. Additionally, it is anticipated that rising demand for IT hardware in a number of different industry sectors, including telecommunications and IT, will support market expansion. Additionally, regional business expansions are anticipated to aid this market's growth.
The study report provides a thorough analysis of the size of the “Device as a Service Market” globally, including regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers. The paper also discusses the principal risks and challenges that will be encountered over the projected period. The Device as a Service Market is divided into two categories: type and application. Players, stakeholders, and other participants in the global Device as a Service Market industry will be able to gain the upper hand by using the study as a valuable resource.
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