DaaS provides immediate software and hardware upgrades and support, allowing businesses to reduce their IT load; additionally, the approach helps to avoid technology stagnation, improving efficiency. The adaptable structure of device-as-a-service enables organisations to increase the number of connected devices and services. These factors are likely to drive the market during the forecast period. The device-as-a-service market is gaining traction among large, small, and medium-sized businesses because it enables them to obtain hardware such as laptops, PCs, cellphones, and iPads pre-loaded with pre-configured applications or services.
Device-as-a-Service Market Scope:
The report includes drivers to your advantage, restraints to help you overcome obstacles, and potential opportunities for the Device-as-a-Service market. The Device-as-a-Service market report also aids in understanding the consumer’s interests and purchasing habits, how much your potential customers spend annually on the types of products or services you intend to offer, and the size of your business’s potential market. The qualitative and quantitative data in the Device-as-a-Service market study help to understand which market segments and regions are expected to grow the fastest, market factors influencing the market, and key opportunity areas.
Device-as-a-Service Market Overview:
The report thoroughly examines the current Device-as-a-Service Market and forecasts performance over the forecast period. The report profiles key market criteria to help stakeholders make sound business decisions. The report provides an overview of the Device-as-a-Service market, highlighting standard topics and providing data that can be customised to meet specific needs. The report provides insight into the Device-as-a-Service market, assisting in the understanding of future product demand and competitiveness. Market Overview provides detailed information on market size, regional share, and benchmarking of market players. The report aids in providing comprehensive knowledge of the Device-as-a-Service market in order to redefine and fully utilise business strategies.
Device-as-a-Service Market size was valued at US$ 49.7 Billion in 2020 and the total Device-as-a-Service revenue is expected to grow at 37.8% through 2021 to 2027, reaching nearly US$ 468.92 Billion.
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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)
Foxway (Sweden)
Apple (US)
The report examines the Device-as-a-Service market’s key players in terms of company size, market share, market growth, revenue, production volume, and profits. The Report delves into key players’ growth strategies, such as strategic alliance formation and new product innovation. The report aids in understanding the pricing strategies of competitors in the Device-as-a-Service market so that pricing strategies can be analysed and developed accordingly.
Device-as-a-Service Market Drivers:
The rapid acceptance of the membership services model is one of the key drivers of the Device-as-a-Service Market. By utilising premium account-based device-as-a-service models, consumers can shift the high cost of obtaining the latest technology from capital spending to an upfront investment. This can be used by a variety of firms, small, medium, and large, to free up capital for investment in revenue-generating strategic projects. Other benefits include meeting compliance requirements, having access to cutting-edge innovations, and having access to specialised services such as system configuration, deployment, data transmission, on-site assistance, and technological recycling.
Device-as-a-Service Market Segmentation:
In 2020, the IT & Telecom segment dominated the Device-as-a-Service Market by End-User. It is expected to grow at the fastest CAGR of 15.8% during the forecast period.
Access to safe, dependable, and high-performance IT equipment is critical to the operations of the IT and telecommunications sectors; as a result, this category has the highest demand for IT devices such as laptops and smartphones. Furthermore, the need for frequent device upgrades and hardware services is growing in this market, contributing to the continued growth of device-as-a-service.
Device-as-a-service provides regular hardware and system upgrades and servicing, allowing businesses to reduce IT responsibilities while avoiding technological stagnation, ultimately improving productivity. Adopting device-as-a-service in the IT and telecommunications sectors helps firms reduce IT expenditures by offering fair prices for leasing hardware, avoiding delays, and handling gadgets effectively by providing application security services.
Firms such as Cognizant Connect use HP’s device-as-a-service offerings; using device-as-a-service strategies has helped these organisations increase their performance and effectiveness while saving time and money. Furthermore, with growing awareness of the potential benefits of device-as-a-service and a shift in inclination from the Capital expenditure corporate framework to the Operational expenditure corporate framework in order to save extra expenditures in IT architecture, the Device-as-a-Service Market is expected to grow rapidly.
Device-as-a-Service Market Share Analysis:
The report examines key players in terms of their contributions to the Device-as-a-Service market. In comparison to other players, it provides the concept of expanding the business in the Device-as-a-Service market. In comparison to your company, the report includes key insights about market players based on revenue generation, product offering, and customer base. It depicts the growth, fragmentation, dominance, and merging characteristics of the Device-as-a-Service market.
Regional Analysis:
Factors influencing the Device-as-a-Service market in regions such as North America, Asia Pacific, the Middle East, Europe, and South America are discussed in the report. Legal barriers, geographic advantages, purchasing habits, and so on vary by region and country.
Key Questions answered in the Device-as-a-Service Market Report are:
- Which product segment grabbed the largest share in the Device-as-a-Service market?
- How is the competitive scenario of the Device-as-a-Service market?
- Which are the key factors aiding the Device-as-a-Service market growth?
- Which region holds the maximum share in the Device-as-a-Service market?
- What will be the CAGR of the Device-as-a-Service market during the forecast period?
- Which application segment emerged as the leading segment in the Device-as-a-Service market?
- Which are the prominent players in the Device-as-a-Service market?
- What key trends are likely to emerge in the Device-as-a-Service market in the coming years?
- What will be the Device-as-a-Service market size by 2029?
- Which company held the largest share in the Device-as-a-Service market?
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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