The North America Device-as-a-Service Market would witness market growth of 33.6% CAGR during the forecast period (2021-2027).
Device-as-a-Service (DaaS) is highly gaining the traction in the market as it is becoming a suitable option for both customers & providers. The customer side gets flexibility, reduced costs, and independence from device management responsibilities, on the other side; providers get the advantages from new services revenue, better predictable revenue stream, reduced warranty costs, and significantly minimized sourcing costs via device re-deployment. Though, developing a fully advanced DaaS business can possess a challenge for the providers. This system needs a new type of supply chain model, which integrates device services, device fulfilment, and device recovery into a constant flow that offers an effortless end-to-end user experience.
DaaS simplifies the IT requirement of a company by outsourcing the software, hardware, and management of the tools to external providers. Buying a subscription from a DaaS provider enables a company to scale up & down physical gadgets as per their requirement. In addition, the company can easily upgrade itself with the latest hardware more often and faster. The DaaS market has recorded substantial growth in the last few years, due to the increasing demand for subscription-based models and the rising number of channel partners offering in device-as-a-service. The growing adoption of cloud computing services in emerging nations is also estimated to accelerate the device-as-a-service market during the forecast period.
North America is the prominent region in the device-as-a-service market due to the high demand for the DaaS from the IT and telecommunications sector. In addition, the high adoption of the latest technology by the companies in this region is also pushing the regional DaaS market. There are many DaaS providers in North America that are delivering DaaS services like Dell, Apple, and HP, which are further motivating SMEs and large enterprises to adopt these services and thus propelling the regional growth.
The presence of key market players in this region is one of the key driving factors of the regional market. Along with this, companies are increasingly utilizing device-as-a-service for their better management, which would augment the growth of the DaaS market in the region.
The US market dominated the North America Device-as-a-Service Large Enterprises Market by Country 2020, thereby, achieving a market value of $27,504.6 million by 2027. The Canada market is experiencing a CAGR of 34.5% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 33.3% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Device Type, the market is segmented into Desktops, Laptops, Notebooks & Tablets and Smartphones & Peripherals. Based on Organization Size, the market is segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare & Life Sciences, Educational Institutions, Government & Public Sector and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Device-as-a-Service Market is Estimated to Reach USD 311.5 Billion by 2027 at a CAGR of 35.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Lenovo Group Limited, Microsoft Corporation, Cisco Systems, Inc., Apple, Inc., HP, Inc., StarHub AG (Asia Mobile Holdings Pte. Ltd.), Synnex Corporation, Softcat PLC, and The ODP Corporation (Compucom).
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