The Device-As-A-Service Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Device-As-A-Service Global Market Report 2024, The device-as-a-service market size has grown exponentially in recent years. It will grow from $117.34 billion in 2023 to $155.43 billion in 2024 at a compound annual growth rate (CAGR) of 32.5%. The growth in the historic period can be attributed to enterprise digital transformation, cost-efficiency and predictable expenses, focus on core competencies, flexible work environments, end-of-life device management.
The device-as-a-service market size is expected to see exponential growth in the next few years. It will grow to $480.3 billion in 2028 at a compound annual growth rate (CAGR) of 32.6%. The growth in the forecast period can be attributed to focus on sustainability, increased it budget constraints, data security and privacy regulations, evolving business models, edge computing expansion. Major trends in the forecast period include subscription-based models, end-to-end device management, customization and scalability, data analytics and insights, collaborations and partnerships, remote monitoring and maintenance.
The rising adoption of the subscription-based service model is expected to propel the growth of the device-as-a-service market. A subscription-based service model is a business model in which customers pay a recurring fee or subscription price to access and utilize a service over a specific period of time. Device-as-a-service is a commonly used subscription-based service model that provides businesses with a comprehensive solution for accessing and managing their device infrastructure. Customers pay a recurring fee to access and utilize a range of devices a service provider offers. It is used for cost efficiency, scalability, simplified device management, and regular payments. For instance, in July 2022, according to reports shared by eLabs Inc., a Canada-based software company, 53% of all software income was generated from subscription models by 2022, and subscription services were used by 78% of individual industries worldwide. Further, the subscription economy will reach $1.3 trillion in the upcoming decade. Therefore, the rising adoption of subscription-based service models is driving the growth of the device-as-a-service market.
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The device-as-a-service market covered in this report is segmented –
1) By Device Type: Desktops, Laptops, Notebooks, Tablets, Smartphones And Peripherals
2) By Offering: Hardware, Software, Service
3) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Educational Institutions, Healthcare And Life Sciences, IT And Telecommunication, Public Sector And Government Offices, Other Industry Verticals
Advanced technologies are key trends gaining popularity in the device-as-a-service market. Major companies operating in the device-as-a-service market are developing innovative technologies to sustain their position in the market. For instance, in January 2023, Social Mobile, a US-based enterprise mobility solution provider, launched Social Mobile ONE, a new device-as-a-service (DaaS) offering. This innovative technology is designed to help businesses of all sizes get the devices they need without worrying about upfront costs or ongoing maintenance. Additionally, it includes enterprise-grade hardware, device management software, managed mobility services, and cellular connectivity. Moreover, it is a cost-effective and easy-to-manage solution for businesses of all sizes. By using this technology, companies can avoid the high upfront costs of buying and managing mobile devices. They can also benefit from social mobile's expertise in mobile security and management.
The device-as-a-service market report table of contents includes:
1. Executive Summary
2.Device-As-A-Service Market Characteristics
3. Device-As-A-Service Market Trends And Strategies
4. Device-As-A-Service market analysis
5.Device-As-A-Service Market Size And Growth
6. Device-As-A-Service Segmentation
7. Device-As-A-Service Regional And Country Analysis
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27.Device-As-A-Service.Competitive Landscape And Company Profiles
28. Device-As-A-Service Key Mergers And Acquisitions
29. Device-As-A-ServicevFuture Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Apple Inc.
- Acer Inc.,
- Samsung
- Microsoft Corporation
- Dell Inc.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the device-as-a-service market include Microsoft Corporation, Citrix Systems, Inc., L.P, SHI International Corp., CompuCom Systems, Inc., HP Development Company, Dell Inc., Lenovo, Amazon Web Services Inc., Capgemini..
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Device-as-a-Service Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/device-as-a-service-market/download-sampleMarket Dynamics The global device-as-a-service market is projected to witness significant growth during the forecast period.
Budget constraints, growing awareness about the DaaS model, and thriving IT companies drive the global device-as-a-service market.
They want to pay for what they want and eliminate unnecessary costs and waste.
Advantages of the DaaS model include reducing the total cost of ownership (TCO) of the hardware life cycle, eliminating the end-of-life (EOL) challenges, increasing employee device choice, increasing productivity, and simplifying the management of software updates and patches, and increases flexibility.
Device as a Service MarketImpact of COVID-19 on the Device as a Service MarketThe COVID-19 outbreak has caused an unprecedented global emergency, which has negatively impacted businesses across various industry verticals.
In order to keep the employees safe and adhere to the stringent guidelines laid by the governments, enterprises have adopted the work from home policy, which is creating a significant demand for the device as a service market during the pandemic.During the pre-COVID-19 phase, the device as a service was majorly in demand from large enterprises.
The device as a service market has witnessed an increasing demand during the pandemic phase to manage hardware devices are such as personal computers (PCs), laptops, desktops, tablets or mobile phones, and the software that is required to operate in the enterprises so that they are readily available for remote working environments.
DaaS has also been witnessing demand from SMEs as it provides all the related services under a single contract to a customer with monthly subscription fees, thereby helping enterprises to minimize their IT expenses, particularly for IT hardware infrastructure.
It enhances the overall working experience of the employees so that the management can focus on developing strategies to boost sales and profitability.
Furthermore, the DaaS model also offers skilled technical expertise and analytics, which help in unified endpoint management, mitigating security risks, reducing downtime, and also provide analytics, which boosts productivity and optimizes the uptime of the IT devices.
Device as a Service (DaaS) Market OverviewThe device as a service (DaaS) market is anticipated to witness healthy growth from 2020 - 2027, a research report suggests.
During the forecast period, the market will be supported by elimination of device purchases and adoption of IoT.Customers choosing their own models on the other hand will challenge computing technologies sector based organizations functioning in the global device as a service (DaaS) market.
The computing technologies sector itself is supported by the penetration of IoT in large enterprises as well as high demand across industry verticals.
During the forecast period 2020 - 2027, the device as a service (DaaS) market is set to witness a health growth across verticals, components, and organizations segments as well as regional markets.Device as a Service (DaaS) Market Competitive LandscapeThe global device as a service (DaaS) market research report brings a comprehensive study of verticals, components, and organizations market segments, regional analysis, and computing technologies vertical based company details of key players.
As the forecast period 2020 - 2027 will bring new opportunities for the market owing to advancements in technology and increasing awareness levels, the market is set to grow at a compound annual growth rate of 55.8% and is predicted to reach a value of US$190,163.86 million by 2027.
With SWOT analysis of computing technologies sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the shifting preference for cheaper alternatives and the increasing demand for highly skilled professionals, companies in the computing technologies sector can change the way business is done.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4486List of Key Companies Covered in this ReportMicrosoft (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.) And so on... Device as a Service (DaaS) Market SegmentationThe computing technologies sector has seen growth across verticals, components, and organizations segments owing to the growing urbanization and consumers aiming for more convenience.
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 (DaaS) 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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4486Market 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.
