Home » Computer & Software » Device as a Service (DaaS) Market Sales Revenue, Emerging Factors, Latest Innovation, COVID-19 Impact, Growth Analysis by Regional Forecast to 2027

Device as a Service (DaaS) Market Sales Revenue, Emerging Factors, Latest Innovation, COVID-19 Impact, Growth Analysis by Regional Forecast to 2027




Overview

In 2019, the global Device as a Service market generated a revenue of USD 9,843.8 million. It is expected to reach a value of USD 190,163.8 million by 2026, growing at a 55.8% CAGR. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.

The Device as a Service market consists of major sub-segments, including hardware, solution (software), and services. The hardware segment is further divided into desktop, laptops, printers, and others. The solution (software) includes all types of solutions, such as operating systems, virtualization tools, security software, backup/disaster recovery tools, database management tools, email servers, and developer tools that are required to run the hardware devices mentioned above. The services segment is further divided into professional services and managed services. Professional services include consulting services to provide customized solutions, maintenance, and other support services for the hardware devices.

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Top Impacting Factors

The leading factor likely to drive the growth of the device as a service market is the rapid adoption of the subscription-based services model. This model for the device as service permits the clients to shift the high cost of acquiring new technology from a capital expenditure to an effective expense. This would result in the companies to free the cash for investment in strategic initiatives, which would lead to high revenue generation in the coming years, especially posy COVID 19 impact.

The other driver for the device as a service market comes in terms of reduction in policy compliance, help desk volume, and increased end-user productivity, which is noted to be the benefits, a company gets by outsourcing services on multiple devices that come with numerous operating systems in the device as a service market. With this, the organizations tend to adopt device as a service to get the latest technology for utilizing and to get access to customized services, which go hand-in-hand, such as data migration, installation, on-site support, device configuration, technology recycling and more.

MRFR also finds that enterprises have undergone several technical advancements over the years, which have led to a boost in the IT infrastructure\-\-s costs. These costs have ultimately surged the capital expenditure (Capex) and operational expenses (Opex) drastically. The State of IT Budget 2019 report created by Spiceworks, Inc., identified factors that swell the IT budgets on infrastructure. It estimated that 64% of North American and European companies had amplified their IT budgets to upgrade the outdated IT infrastructure. All these factors have emerged as prime reasons driving the Device as a Service (daas) Market to a great extent.

Segmental Analysis

The global Device as a Service market has been segmented based on component, organization size, vertical, and region.

By component, the global Device as a Service market has been segmented into hardware, solution (software), and services.

By organization size, the global Device as a Service market is divided into large enterprises and small & medium enterprises. The small & medium enterprises segment accounted for the larger market share of 64.7% in 2019, with a market value of USD 6,372 million; it is expected to register a higher CAGR of 56.8% during the study period. The large enterprises segment was valued at USD 3,471.9 million; it is projected to exhibit a CAGR of 54.0%.

Based on vertical, the global Device as a Service market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others. The IT & telecom segment accounted for the largest market share of 25.2% in 2019, with a market value of USD 2,483.0 million; it is expected to register a CAGR of 57.4% during the forecast period. The BFSI segment was the second-largest market in 2019, valued at USD 1,906.1 million; it is projected to register the highest CAGR of 58.8%.

Competitive Analysis

The key players of the global Device as a Service market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).

Regional Analysis

Geographically, the Device as a Service market has been categorized into five different regions?North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to dominate the global Device as a Service market throughout the forecast period owing to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) by enterprises as well as the adoption of contract-based services and solutions by SMEs.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Posted by on 14. May 2021. Filed under Computer & Software. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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