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.

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.

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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

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 v endors by the refurbishment of machines.

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