Device-as-a-Service Market is projected to expand at a steady CAGR over the forecast – 2031

Global Device-as-a-Service Market report from Global Insight Services is the single authoritative source of intelligence on Device-as-a-Service Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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 activitiesin 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 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.

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.

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