Device as a Service Market Size, Share, Growth Report 2032

Device as a Service Market Insights

According to Zion Market Research, the global Device as a Service Market was worth USD 32.97 Billion in 2023. The market is forecast to reach USD 327.32 Billion by 2032, growing at a compound annual growth rate (CAGR) of 25.8% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Device as a Service Market industry over the next decade.

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Global Device as a Service Market Overview

The report offers valuation and analysis of the Device as a Service Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).

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A device as a Service Market: Outlook

Device as a service is an evolving supply chain prototype that provides end-users more flexibility along with assisting the service providers to explore new revenue streams. Furthermore, device as a service displays a change in supply chain management services along with providing myriad benefits as compared to other conventional prototypes or service models. Additionally, device as a service also termed as DaaS is the service offering for smartphones, mobile computing, and personal computers. Moreover, DaaS providers fulfills IT requirements of organizations and helps the organizations on focusing on their core priorities. Reportedly, software & hardware management services included in DaaS provide robust security backups, asset tracking, and equipment backups.

Device as a Service Market: Growth Factors

DaaS offers a spectrum of benefits to startup firms as well as giant organizations. This includes scaling up & improving the device ability, reducing workload of IT employees of device configuration, and automating patch management activities. All these aforementioned aspects will steer device as a service industry trends. In addition to this, necessity of availing customized solutions, data migration services, and on-site support will proliferate the size of device as a service market over the forecast timeline. Furthermore, acceptance of subscription-based service models, need for enhancing productivity of the firms, and need for security compliance will proliferate the expansion of device as a service industry size within the next couple of years.

Moreover, escalating requirement of cost-efficient services and need of highly secured equipment with exceptional stability will generate lucrative growth opportunities for device as a service market during 2020-2026. Apart from this, technological breakthroughs, surge in acceptance of connected things, and huge penetration of high speed web network across the globe will help the market expand leaps & bounds over the assessment period. Nonetheless, data loss during disaster and huge monthly charges can prove detrimental to the growth of device as a service industry.

Regional Landscape

North America To Retain Market Dominance Even During 2024-2032

The regional market expansion over the forecast timespan is due to large presence of mammoth firms in the U.S. and acceptance of device as a service (DaaS) by various sectors. Apart from this, escalating need for reducing capital spending as well as minimizing operational costs by firms will catalyze demand for device as a service in the sub-continent, thereby driving regional market trends. In addition to this, large-scale popularity of contract-based solutions will result in steep growth of device as a service market in North America over the anticipated period.

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Device as a Service Market: Report Scope

Competitive Landscape

Key participants profiled in the report include-

• Plantronics
• Capgemini SE
• Swisscom
• Oracle Corporation
• CompuCom Systems Inc.
• Dell
• Hewlett-Packard
• Amazon
• Computers Now
• Citrix Systems
• Motorola Solutions
• Lenovo Group Ltd.
• VMware
• Microsoft Corporation
• Polycom
• Accenture PLC
• SYNNEX Corporation.

The global device as a Service market is segmented as follows:

By Industry Vertical

• IT & Telecom
• Manufacturing
• Healthcare
• Education
• BFSI
• Retail
• Government

By Service

• Professional Services
• Managed Services

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa