Device-as-a-Service Market Overviews
Device-as-a-Service Market size was valued at US$ 130.04 Billion in 2023 and the total Device-as-a-Service revenue is expected to grow at 37.8% through 2024 to 2030, reaching nearly US$ 1226.95 Billion.
Device-as-a-Service (DaaS) provides timely software and hardware upgrades and support, enabling businesses to reduce their IT burdens while preventing technology stagnation and enhancing efficiency. This flexible model allows organizations to easily increase the number of devices and connected services they utilize. These features are expected to drive market growth during the forecast period. The DaaS market is steadily gaining popularity among both large corporations and small to medium-sized enterprises, as it enables them to acquire hardware such as laptops, PCs, smartphones, and iPads pre-installed with specific applications or services.
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Device-as-a-Service Market Scope and Methodology:
Several key factors are driving the growth of the Device-as-a-Service (DaaS) market, notably the rapid adoption of subscription-based service models. Consumers can avoid the significant expenses associated with acquiring the latest technology by utilizing premium, account-based DaaS models, shifting capital expenditure to manageable monthly payments. This approach enables businesses of all sizes—small, medium, and large—to free up capital for investment in revenue-generating strategic initiatives. Additional benefits include compliance support, access to advanced technologies, and specialized services such as system configuration, deployment, data transmission, on-site assistance, and technology recycling.
Device-as-a-Service Market Regional Insights
North America accounted for the largest revenue share of 28.5% in 2023. North America was among the first to embrace cutting-edge infrastructure, the Internet of Things, and innovative solutions like device-as-a-service. In terms of regulatory norms for entrepreneurs and major firms, the local market is also feasible. These elements are expected to boost the market growth in the forecast period. Rapid growth for the device-as-a-service model in IT and telecoms, as well as growing preference for portable devices across many industries, are likely to drive North America Device-as-a-Service Market growth.
Device-as-a-ServiceMarket Segmentation
Access to reliable, safe, and high-performance IT equipment is essential for the operations of the IT and telecommunications sectors, making this category the largest source of demand for IT devices such as laptops and smartphones. Additionally, the growing need for regular upgrades of devices and hardware services is driving continued growth in the device-as-a-service market.
Device-as-a-Service Market Key Players
Dell Technologies (US)
Microsoft (US)
Cisco (US)
CompuCom(US)
3stepIT (Finland)
Telia Company (Sweden)
Atea Global Services (Latvia)
CHG MERIDIAN (Germany)
CSi leasing (US)
Computacenter (UK)
Econocom (France)
GreenFlex (France)
GRENKE (Germany)
Excellence IT (UK)
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Key questions answered in the Device-as-a-Service Market are:
- What is Device-as-a-Service ?
- What was the Device-as-a-Service market size in 2023?
- What is the growth rate of the Device-as-a-Service Market?
- Which are the factors expected to drive the Device-as-a-Service market growth?
- What are the different segments of the Device-as-a-Service Market?
- What growth strategies are the players considering to increase their presence in Device-as-a-Service ?
- What are the upcoming industry applications and trends for the Device-as-a-Service Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Device-as-a-Service Market?
- Who are the leading companies and what are their portfolios in Device-as-a-Service Market?
- What segments are covered in the Device-as-a-Service Market?
- Who are the key players in the Device-as-a-Service market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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