Device-as-a-Service Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies

According to a new market research report published by Global Insight Services” Device-as-a-Service Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Device-as-a-Service (DaaS) is a model for providing and managing end-user computing devices, such as laptops, smartphones, and tablets, in which the device is owned and operated by a service provider and delivered to the customer as a service. Under a DaaS arrangement, the service provider is responsible for maintaining and repairing the device, as well as providing support and other services, such as data backup and security.

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Key Players

The global device-as-a-service market includes players such as Apple, Lenovo, Dell Technologies, Microsoft, Cisco, Hewlett Packard, Econocom, GreenFlex, Excellence IT, Cognizant, Intel Corporation, and others.

Key Trends

There are a few key trends in Device-as-a-Service technology.

  • The first is the move to subscription-based models. This means that instead of buying a device outright, businesses are opting to pay for devices on a monthly basis. This gives businesses more flexibility when it comes to budgeting and managing their device fleet.
  • Another trend is the move to cloud-based management tools. This allows businesses to manage their devices remotely, which can save time and money.

Key Drivers

The key drivers of the Device-as-a-Service market are:

1. Increased need for cost-effective and flexible device management: The traditional model of device ownership is becoming increasingly expensive and inflexible, as organizations struggle to keep pace with the rapid pace of technological change.

2. Improved security and compliance: Security and compliance are critical concerns for organizations of all sizes. DaaS providers offer a variety of security and compliance features that can help organizations protect their data and meet compliance requirements.

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Market Segments

The device -as-a-service market is segmented by offering, device type, end-use, and region. By offering, the market is segmented into hardware, software, and services. On the basis of device type, it is bifurcated into desktops, laptops, notebooks, tablets, smartphones, and peripherals. Based on end-use, the market is classified into educational institutions, banking, public sectors and government offices, IT and telecommunications, healthcare and life sciences, and others. Region-wise, the market is segmented into  North America, Europe, Asia Pacific, and Rest of the World.

Reasons to buy Device-as-a-Service Market Report:

  • Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
  • Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
  • Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
  • Develop business and M&A strategies through understanding of latest trends and emerging players in the market
  • Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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Key Questions answered in the report:

  • How is the market structured and what the key drivers and trends of this industry?
  • How is the market segmented and what is the size of each segment?
  • Which segments and geographies provide best growth opportunities?
  • What’s the competitive landscape and positioning of players in this market?
  • What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?

About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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