Published Date: 14-Jul-2021
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According to a new report Global Device-as-a-Service Market, published by KBV research, The Global Device-as-a-Service Market size is expected to reach $311.5 billion by 2027, rising at a market growth of 35.5% CAGR during the forecast period.
The hardware segment would acquire the largest market share in the DaaS market due to the distribution of laptops for employees. Cloud technology is projected to offer a much-needed impetus to the market because of the work-from-home culture. Moreover, some managed service vendors and value-added resellers (VARs) are partnering with various hardware manufacturers & software vendors and offer comprehensive device-as-a-service solutions within their own brands.
IT & Telecommunication end-user sector is projected to procure the largest market size and would exhibit the maximum growth rate over the forecast period. The essential components of the IT and telecommunication industries are access to safe, dependable, and high-performance IT devices, which creates the most substantial demand for IT devices like laptops, desktops, notebooks, tablets, and smartphones. In addition, the demand for regular updates of software & associated services is high in this industry, hence supporting the high demand for device-as-a-service.
The North America market dominated the Global Device-as-a-Service Market by Region in 2020. Asia Pacific region would showcase a promising growth rate during the forecast period. The presence of a huge workforce included ITes & IT services, source of revenue for hardware vendors by the refurbishment of machines, and outsourcing of plum contracts to large organizations in India and China are supporting the growth of the regional market. Aspects like the presence of various life science & retail companies has augmented the adoption of DaaS devices, and a growing number of SMEs are also fueling the DaaS market growth in this region
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Device Type
By Organization Size
By Industry Vertical
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