Market Research Future Insights
The Global Device as a Service (DaaS) Market is estimated to be worth USD 307.42 Billion by 2030, registering a 34.9% CAGR during the forecast period (2022- 2030).
Device as a Service (DaaS) providers offer management services of hardware devices similar to laptops, desktop PCs, and others in a single contract to large firms. Small and medium-sized enterprises have subsisted demanding DaaS for reducing expenses on hardware and concentrating on marketing and sales strategies. Mitigation of risks demoted downtime and analytics can bode well for the device as a service market during the prediction period.
Procurement of laptops is anticipated to endure an upswing owing to the emergence of remote work. The sudden bump in supply chains of laptop manufacturers can direct the demand for desktop PCs.
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Small and medium enterprises need capital for the management of assets and dilating their operations. They can score relief from extravagant expenses by looking at DaaS solution providers. The necessity for disseminating software upgrades and information can be served at a robust rate. Elimination of device purchases or their return to DaaS providers can steer to savings on CAPEX and OPEX. In extension, contracts with large firms for serving their device needs and allowing them to concentrate on core operations can forebode well for the worldwide DaaS market.
The penetration of IoT in large enterprises has furnished a lucrative opportunity for DaaS solution companies. Managed solutions and a single point of contact for the resolution of all queries can reduce expenditures and operational complexities.
Key Players
The global Device as a Service (DaaS) market’s prominent key players are Microsoft (U.S.), Apple Inc. (U.S.), Dell Inc. (U.S.), Capgemini (France), Amazon Web Services Inc. (U.S.), HP Development Company L.P. (U.S.), CompuCom Systems Inc. (U.S.), Yorktel (U.K.), Citrix Systems Inc. (U.S.), Acer Inc. (Taiwan).
Market Segmentation
The global Battery Device as a Service (DaaS) market is segmented into the following types,
By Component
- Hardware
- Solution
- Services
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
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By Vertical
- Government
- Education
- IT & Telecommunication
- Manufacturing
- Retail
- Healthcare
- BFSI
- Others
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Regional Analysis
The Global Device as a Service (DaaS) Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
North America is appraised to lead in the global DaaS market owing to its capability to deliver its customers with flexibility in their operations. PC and laptop manufacturers have enfolded the new supply chain model by accepting the responsibilities of device management. The U.S. was esteemed for close to 87.4% market share in 2019, succeeded by Canada and Mexico. The North American device-as-a-service market is bound to mark a CAGR of 52.3% during the forecast period owing to the work-from-home policy embraced by major software development corporations. The launch of similar programs by Microsoft and HP is evidence of the large prospect of the model.
The APAC market is anticipated to reach a valuation of USD 54.1 Billion by 2026. It's likely to flaunt a CAGR of 59.2% over the forecast period owing to the large workforce concerned in IT and ITes services. The Device as a Service Market is forecast to succeed in the region owing to the outsourcing of plum contracts to large firms in China and India conjoined with a source of revenue for hardware vendors by the refurbishment of machines.
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OverviewThe device as a service (DaaS) market is anticipated to grow by US$190,163.8 Million by 2026 rapidly growing at a CAGR of 55.8% during the forecast period.
The global device as a service (DaaS) market is driven by rapid adoption of subscription-based services and reduction in help desk volume.
These factors have helped shape the device as a service (DaaS) market and are expected to boost the growth.
Companies in the Device as a Service Market could also face challenges such as low investments in developing IoT solutions and lack of a solid cloud infrastructure.
device as a service (DaaS) market analysts have also shared growth projections in the report and have suggested device as a service (DaaS) market players to plan growth strategies accordingly.Market SegmentationThe global device as a service (DaaS) market has been segmented based on organization size, component, and vertical.
The performance of device as a service (DaaS) market has also been studied for the past and current years.
Market HighlightsThe global DaaS industry is expected to reach 66,129.9 million by 2023, growing at a CAGR of 54.7% during the forecast period (2018–2023).
In this report, Market Research Future (MRFR) includes segmentation and market dynamics to offer a better glimpse of the market in the coming years.The adoption of contract-based services and solutions by SMEs is driving the growth of the DaaS Industry.
This offers SMEs greater flexibility, lower operational costs, and eliminates the requirement for IT personnel; furthermore, it also enables enterprises to focus on their business objectives, rather on hardware devices.
In June 2016, HP launched a DaaS program—HP DaaS—that helps enterprises reduce the IT costs in terms of procurement, deployment, and management of the technical capabilities of devices.
Through this launch, Microsoft’s cloud solution provider partners offer these devices through a managed service offering all its resellers and customers Office 365, Windows 10, and relevant independent software on a subscription basis.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4486Furthermore, the device as a service (DaaS) model offers numerous benefits to the SMEs .
This also helps SMEs with simpler lifecycle management and more updated devices with the latest technological capabilities.SegmentationThe global Device as a Service (Daas) Industry has been segmented into component, deployment mode, organization size, vertical, and region.Based on the component, the DaaS market has been segmented into hardware, solution, and services.
Data as a Service Market, Deployment (Public, Private, Hybrid), Organization Size (SME, LE), End User (BFSI, Healthcare, Retail, IT & Telecom), Pricing Model (Volume-Based Model, Data Type-Based Model), Solution, Professional Services — Forecast till 2027Market HighlightsAccording to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period).
The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer.
DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves.
Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.Market DynamicsThe factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics.
Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry.
The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud.
