What is the global market size of the Device as a Service Market?

Global Device as a Service Market size was valued at USD 80 billion in 2021 and is poised to grow from USD 83.6 billion in 2022 to USD 133.5 billion by 2030, growing at a CAGR of 29.1% in the forecast period (2023-2030).

Who are the key vendors in the Global Device as a Service Market?

The global Device as a Service market is characterized by a mix of established companies and emerging players. Market participants are focusing on research and development activities to enhance the efficiency and performance of Device as a Services. Additionally, strategic collaborations, partnerships, and mergers and acquisitions are prevalent strategies adopted by companies to expand their market presence. The competitive environment is further influenced by factors such as technological advancements, government regulations, and the ability to provide cost-effective and sustainable solutions. 'HP Inc. (United States)', 'Dell Technologies Inc. (United States)', 'Lenovo Group Limited (China)', 'Microsoft Corporation (United States)', 'Apple Inc. (United States)', 'Cisco Systems, Inc. (United States)', 'Google LLC (United States)', 'Amazon.com, Inc. (United States)', 'Fujitsu Limited (Japan)', 'Acer Inc. (Taiwan)', 'Toshiba Corporation (Japan)', 'ASUS Computer International (Taiwan)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Huawei Technologies Co., Ltd. (China)', 'Sony Corporation (Japan)', 'LG Electronics Inc. (South Korea)', 'Panasonic Corporation (Japan)', 'NEC Corporation (Japan)', 'Sharp Corporation (Japan)', 'Hitachi, Ltd. (Japan)'

What is the key driver of the Global Device as a Service Market?

One driver of the global Device as a Service (DaaS) market is the shift towards a subscription-based model and the growing demand for flexible IT solutions. With DaaS, businesses can access the latest devices and technology without the need for upfront investments or long-term commitments. This allows organizations to scale their device infrastructure according to their needs, reduce the burden of managing hardware, and stay up-to-date with technological advancements.

What is the key market trend for the Global Device as a Service Market?

One key market trend in the global Device as a Service (DaaS) market is the growing adoption of subscription-based models for hardware and software solutions. This trend is driven by the need for businesses to optimize their IT infrastructure and reduce upfront costs. DaaS offers organizations the flexibility to acquire and manage devices, such as laptops, smartphones, and tablets, as a service rather than purchasing them outright. With a subscription-based model, businesses can access the latest devices, receive regular upgrades, and benefit from comprehensive support and maintenance services. This trend allows companies to streamline device procurement, improve scalability, and focus on their core competencies while ensuring they have access to the latest technology.

Which region accounted for the largest share in the Global Device as a Service Market?

One dominant region in the Global Device as a Service (DaaS) Market is North America. North America has a strong presence in the DaaS market due to the high adoption of advanced technologies and the presence of major technology companies. The region benefits from a well-established IT infrastructure and a large customer base, including enterprises of all sizes.

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

Report ID: SQMIG45B2058 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 34 | Figures: 74

Device as a Service Market News

In April 2024, NTT DATA, a renowned name in the IT service market announced the launch of a new Sustainable Device-as-a-Service solution. NTT launched this offering in partnership with HP to promote sustainability and a circular economy approach in organizations.
In September 2024, Fleet, a new device as a service company from France announced the opening of its new office in London. Through this move, the company is bolstering its presence in the European region and building a solid foundation for its global expansion ambitions.
In April 2024, Kasm Technologies, leading provider of secure workspace solutions from the United States announced that it became Global Software Partner with Lenovo. This move was also aimed at developing and establishing a novel device as a service solution to address the current challenges in digital workplaces.

Device as a Service Market Report Snapshots

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Global Device as a Service Market size was valued at USD 83.6 billion in 2022 and is poised to grow from USD 107.93 billion in 2023 to USD 832.80 billion by 2031, growing at a CAGR of 29.1% during the forecast period (2024-2031).

Device as a service provider should focus on developing a standardized set of rules to ensure maximum compatibility. Developing affordable devices as a service solution for small and medium enterprises will also pay off big time for market players in the future. Collaborations and partnerships will also be essential strategies for devices as service providers are looking to maximize their business scope in the long run. 'HP Inc. (United States)', 'Dell Technologies Inc. (United States)', 'Lenovo Group Limited (China)', 'Microsoft Corporation (United States)', 'Apple Inc. (United States)', 'Cisco Systems, Inc. (United States)', 'Google LLC (United States)', 'Amazon.com, Inc. (United States)', 'Fujitsu Limited (Japan)', 'Acer Inc. (Taiwan)', 'Toshiba Corporation (Japan)', 'ASUS Computer International (Taiwan)', 'Samsung Electronics Co., Ltd. (South Korea)', 'Huawei Technologies Co., Ltd. (China)', 'Sony Corporation (Japan)', 'LG Electronics Inc. (South Korea)', 'Panasonic Corporation (Japan)', 'NEC Corporation (Japan)', 'Sharp Corporation (Japan)', 'Hitachi, Ltd. (Japan)'

High demand for flexible and scalable IT solutions across various industries is projected to primarily drive up the demand for devices as a service going forward. Device-as-a-Service offers a subscription-based model where hardware, software, and maintenance services are bundled into one. This allows companies to adjust their device requirements accordingly without incurring more costs than needed.

Use in Small and Medium Enterprises: Device as a service model is highly popular in large organizations but is now gaining traction among small and medium enterprises as well. Increasing affordability and low-maintenance approach of device as a service offering are creating new opportunities for device as a service providers in small and medium enterprise settings across the study period and beyond.

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.

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

Device as a Service Market News

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What is the global market size of Device as a Service Market?

Who are the key vendors in the Device as a Service Market?

What is the key driver of Device as a Service Market?

What is the key market trend for Device as a Service Market?

Which region accounted for the largest share in Device as a Service Market?

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