Device as a Service (DaaS) Market Research Report- Forecast till 2030
Market Highlights
The device as a service (DaaS) market is likely to witness significant revenue. According to Market Research Future (MRFR), the globaldevice as a service market is projected to grow to USD 307.42 BN by 2030, registering a 34.9% CAGR throughout the assessment period (2020-2030). The DaaS market valuation was settled at USD 9,843.8 million in 2019.
Factors such as the growing enterprise need to reduce capital expenditure (CAPEX), and operational expenditure (OPEX) and the growing adoption of contract-based services & solutions by SMEs drive the market growth. Besides, the increasing adoption of DaaS in BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, and government sectors boosts the market size.
Since the outbreak of the COVID 19 pandemic, businesses are increasingly turning to device-as-a-services and workspace-as-a-services (to enable employees to work from anywhere remotely. Also, work from home mandates and hybrid work environments that various organizations have adopted create substantial market demand. Also, the demand for secure enterprise mobility to enhance customer experience with a range of mobile services is growing steadily.
Industry players are seen increasingly focusing on bringing innovative technologies to the table to help their client’s business environment to grow further without getting affected by the pandemic. Mobile communications providers are continually working on developing a Mobile Device as a Service (MDaaS), combining leading wireless services and fully managed device offerings.
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Segmentation:
The DaaS market is segmented into components, organization size, verticals, and regions. The component segment comprises hardware, solutions, and services. The organization size segment comprises small & medium enterprises and large enterprises.
The vertical segment comprises IT & telecommunication, education, government, BFSI, healthcare, manufacturing, retail, and others. Further, the region segment comprises the Americas, Asia Pacific, Middle East & Africa (MEA), Europe, and Rest-of-the-World.
Global Device as a Service Market – Regional Analysis
North America dominates the global device as a service market. The high implementation of DaaS by governments and healthcare sectors and the presence of DaaS providers substantiate the market growth. Besides, the wide adoption of new supply chain models by PC and laptop manufacturers to ease device management boosts the market size.
Global Device as a Service Market – Competitive Analysis
Highly competitive, the DaaS market appears fragmented due to several well-established players. These companies incorporate approaches such as mergers & acquisitions, collaborations, expansion, and technology/product launches, expanding their operations and offerings.
They strive to develop solutions that can meet end-use industries’ needs, delivering a suite of application offerings. These technology providers use time-tested methodologies and best practices to bring disparate point systems together, from security measures to integrated environments.
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Key Players:
Leading players in the DaaS market are Microsoft (US), Dell Inc. (US), Apple Inc. (US), Capgemini (France), HP Development Company LP (US), Amazon Web Services Inc. (US), CompuCom Systems Inc. (US), Citrix Systems Inc. (US), Yorktel (UK), Acer Inc. (Taiwan), SHI International Corp. (US), Plantronics Inc. (US), Intel Corporation (US), Scantron Corporation (US), and Lenovo (China), among others.
Industry/ Innovation/ Related News:
April 11, 2022 — MetTel, a digital transformation leader and provider of nationwide mobile communications, launches mobile device as a service (MDaaS), combining its leading wireless service with a fully managed device offering. MetTel’s MDaaS covers the entire lifecycle of secure enterprise mobility, from device deployment to recycling, enhancing the customer experience for its mobile services portfolio to enterprises nationwide. MDaaS ensures a smooth, fast ordering experience using uses AI-powered automation solutions.
Mobility plays a causal role in helping many businesses maintain daily operations in today’s distributed work environment, offering full mobile network access to all applications and services regardless of locations from where employees are working. At the same time, multiple connected devices in businesses pose complex operational challenges, requiring special expertise. MetTel’s MDaaS solution will be able to solve all of these challenges.
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Device as a Service (DaaS) Market Research Report: Information By Component (Hardware, Solution [Software] and Services [Professional Services and Managed Services]), Organization Size (Large Enterprises and Small & Medium Enterprises), Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecommunication, Education, Government and Others) – Forecast till 2030
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