Device as a Service Market Size, Share, Growth Analysis, By Type(Hardware Testing and Security Testing), By Region - Industry Forecast 2024-2031

North America is estimated to account for a substantial share of the global device as a service market. Rapid adoption of advanced technologies, growing emphasis on improving operational efficiency, and presence of key device as a service providers are key factors aiding the dominance of this region. Increasing efforts of organizations to simplify their IT infrastructure and rising use of advanced technologies are also expected to benefit devices as a service demand outlook in the future. Canada and the United States are estimated to emerge as the most rewarding markets for device as a service companies operating in this region going forward.  

Meanwhile, the demand for devices as a service in Asia Pacific is slated to rise at a notable CAGR over the coming years. Rapid digitization, increasing adoption of devicess as a service by multiple companies, and rising awareness regarding the benefits of devices as a service are estimated to be key factors helping this region provide new opportunities. Rapid economic development of countries such as India, China, and Japan are also expected to present new business scope for device as a service companies in the long run. Growing adoption of advanced technologies and the need for better hardware in IT infrastructure will also boost device as a service demand outlook through 2031.