Device as a Service Market Size to Surpass USD 154.93 Billion by 2030, exhibiting a CAGR of 27.9%
As per the report by Fortune Business Insights, the global Device as a Service Market size is projected to reach USD 154.93 Billion by 2030, at a CAGR of 27.9% during the forecast period.
Device as a Service Market
Pune,India, Aug. 28, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights global device as a service market size was valued at USD 22.22 billion in 2022 and is projected to grow from USD 27.62 billion in 2023 to USD 154.93 billion by 2030, exhibiting a CAGR of 27.9% during the forecast period. Fortune Business Insights™ mentioned this in a report titled Device as a Service Market Forecast, 2023-2030.
Device as a service delivers services related to management and IT equipment, such as smartphones, computers, and mobile devices, in a paid subscription. It offers a cost-effective subscription-based service that allows organization to deploy their remote teams with the devices they need.
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Key Industry Development:
- June 2023: Check-Point Software Technologies Ltd., a provider of cybersecurity solutions, and Everphone, a provider of DaaS, started a partnership in the field of advanced threat prevention for commercial smartphones. The partnership enables Everphone to augment its solution with the addition of Check Point Harmony Mobile.
Key Takeaways
- Rising Digital Penetration and Increasing Demand for IT Hardware Devices during COVID-19 Pandemic to Fuel Market Growth
- Increasing Demand for Work Flexibility is a Key Trend
- By Enterprise Type Analysis: Cost Effective Subscription Based Models for SMEs to Aid Market Expansion
- Device as a Service Market Size in North America was USD 8.03 Billion in 2022
Discover the Leading Players Featured in the Report:
“Companies leading the Device as a Service Market are Dell Technologies (U.S.), Lenovo (China), HP Development Company, L.P. (U.S.), Microsoft Corporation (U.S.), CompuCom Systems, Inc. (U.S.), Atea Global Services Ltd. (Latvia), Computacenter plc (U.K.), RingCentral, Inc (U.S.), Intel Corporation (U.S.), Accenture (Ireland)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 27.9% |
| 2030 Value Projection | USD 154.93 Billion |
| Base Year | 2022 |
| Device as a Service Market Size in 2022 | USD 22.22 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 160 |
| Segments covered | Offering, Enterprise Type, End-User and Geography |
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https://www.fortunebusinessinsights.com/device-as-a-service-market-108000
Drivers & Restraints:
Robust Adoption of Subscription-based Models to Augment Market Growth
The market is augmented by the robust adoption of subscription-based services. Subscription-based device as a service model offers customers to transform high technology costs into operating expenses (OpEX). Moreover, additional benefits can be gained, such as access to the installation, data migration, compliance with regulatory requirements, latest technologies, onsite support, device configuration, and technology recycling.
A huge amount of data transfer takes a lot of time for system integration, thus it is anticipated to hinder the device as a service market growth.
Segmentations:
By Offering
- Hardware
- Desktops/PCs
- Laptops
- Notebooks and Tablets
- Others
- Services
By Enterprise Type
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By End-User
- BFSI
- IT and Telecommunications
- Education
- Healthcare and Life Sciences
- Government and Public
- Others
By Region
- North America
- Europe
- Middle East & Africa
- Asia Pacific
Regional Insights:
North America to Dominate Market Share Owing to the Presence of Major Market Players
North America is anticipated to dominate the device as a service market share due to the presence of prominent players in countries, such as Mexico, the U.S., and Canada, where new technologies have been adopted rapidly.
Europe is anticipated to grow at a substantial rate owing to rising demand for startups and rising internet penetration.
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Competitive Landscape:
Prominent Players in the Market Focus on Collaboration, Mergers, and Acquisitions to Support Market Growth
Key players of device as a service are now engaging in mergers, acquisitions, and collaborations to support their position in the market. These companies focus on acquiring small and local firms to augment their business presence. Some major market players in the industry are Lenovo, Intel Corporation, and Dell Technologies.
FAQ’s
How big is the Device as a Service Market?
Device as a Service Market size was USD 22.22 billion in 2022.
How fast is the Device as a Service Market growing?
The Device as a Service Market will exhibit a CAGR of 27.9% during the forecast period, 2023-2030
Related Reports:
Everything as a Service [XaaS] Market Size & Forecast 2030
Desktop as a Service Market Size, Industry Share, Growth
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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