SAN
FRANCISCO, March 28, 2023 /PRNewswire/ -- The
global device as a service market size is anticipated to reach
USD 757.17 billion by 2030, expanding
at a CAGR of 29.1% from 2023 to 2030, according to a new study
conducted by Grand View Research, Inc. The market growth can be
attributed to the increasing adoption of the subscription-based
services model, which allows organizations to invest in strategic
planning instead of purchasing hardware devices that require
upgrades every few years. Furthermore, an increase in the number of
start-ups and the rising awareness about the device-as-a-service
(DaaS) model among small and medium-size enterprises are expected
to drive the market.
Key Industry Insights & Findings from the report:
- In terms of offering, the service segment is anticipated to
register highest growth in the forecast period. The growing number
of businesses using software and cloud-based platforms, along with
consumer expectations for greater control over the services
availed, is contributing to the growth of this segment.
- In terms of enterprise size, the small & medium enterprise
segment is expected to attain the highest CAGR in the forecast
period. The DaaS model allows SMEs to better utilize their IT
infrastructure under tight cash flow conditions. An IT investment
can be maximized by converting a substantial upfront capital
expense to a more manageable operational expense.
- The IT and telecom segment dominated the market in 2022. The
growth can be attributed to the growing awareness about DaaS and
the shift in organizations' preference toward the OpEx business
model.
- Asia Pacific is anticipated to
register highest growth over the forecast period. The emerging
feature of 5G networks in the region is also driving the growth of
the market.
Read full market research report for more Insights, "Device
As A Service Market Size, Share & Trends Analysis Report By
Offering (Hardware, Software, Services), By Device Type (Desktop,
Laptop, Notebook And Tablets), By Enterprise Size, By End-Use, By
Region, And Segment Forecasts, 2023 - 2030", published by Grand
View Research.
Device As A Service Market Growth & Trends
The market is expected to witness growth opportunities across
industry verticals such as life science and healthcare, banking and
financial institution, and education. The COVID-19 pandemic has
encouraged digital transformation efforts and remote work
practices. With an increasing number of companies offering
employees work-from-home options, there has been a sudden spike in
the need for laptops, notebooks, tablets, and other hardware
devices. The consecutive rise in demand for DaaS to manage hardware
devices, so they are readily available for the remote working
environment, has favoured market growth. The demand for the
device-as-a-service among small and medium enterprises has
increased to reduce expenses related to hardware and lay emphasis
on marketing and sales strategies.
Moreover, the growing demand for cost-efficient services and the
increasing need for highly secured equipment is likely to generate
growth opportunities for the device-as-a-service market.
Technological advancements, the increased adoption of connected
devices, and the high penetration of high-speed web networks across
the globe are expected to boost market growth prospects. The need
for enhancing productivity and the need for security compliance are
expected to further drive the market over the forecast period.
Device As A Service Market Segmentation
Grand View Research has segmented the global device as a service
market report based on offering, device type, enterprise size, end
use, and region:
Device As A Service (DaaS) Market - Offering Outlook
(Revenue, USD Billion; 2018 - 2030)
- Hardware
- Software
- Service
Device As A Service (DaaS) Market - Device Type Outlook
(Revenue, USD Billion; 2018 - 2030)
- Desktop
- Laptop, Notebook and Tablet
- Smartphone and Peripheral
Device As A Service (DaaS) Market - Enterprise Size
Outlook (Revenue, USD Billion; 2018 - 2030)
- Small & Medium Enterprise
- Large Enterprise
Device As A Service (DaaS) Market - End-use Outlook
(Revenue, USD Billion; 2018 - 2030)
- Banking, Financial Services and Insurance (BFSI)
- Educational Institution
- Healthcare and Life Science
- IT & Telecom
- Public Sector and Government Office
- Others
Device As A Service (DaaS) Market - Regional Outlook
(Revenue, USD Billion; 2018 - 2030)
- North America
-
- Europe
-
- Asia Pacific
-
- Latin America
-
- Middle East & Africa
List of Key Players of Device As A Service Market
- Accenture PLC
- Acer Inc.
- Apple Inc.
- Atea Global Services Ltd.
- Cisco Systems, Inc.
- Cognizant
- CompuCom Systems, Inc.
- Computacenter plc
- Dell Technologies Inc.
- Intel Corporation
- Hewlett Packard Enterprise Development LP
- Lenovo
Check out more related studies published by Grand View
Research:
- IT Asset Disposition Market - The global IT asset
disposition market size is projected to be USD 54,535.4 million by 2030, according to the
latest study conducted by Grand View Research, Inc. The market is
expected to exhibit a CAGR of 13.3% from 2023 to 2030. The growth
of the ITAD market can be attributed to the increasing e-waste and
the rising requirement for recycling in consideration of
sustainability and a green planet.
- Warehouse Management Systems Market - The global
warehouse management systems market size is anticipated to reach
USD 13.34 billion by 2030, advancing
at a CAGR of 19.0% from 2023 to 2030, according to a new report by
Grand View Research, Inc. The growing transition towards
cloud-based management systems in the warehouse industry is
anticipated to boost the demand for WMS based on the
Software-as-a-Service (SaaS) model.
- Enterprise Search Market - The global enterprise search
market size is expected to reach USD 8.85
billion by 2030, registering an estimated CAGR of 8.9% from
2023 to 2030, according to a new report by Grand View Research,
Inc. The growth can be attributed to the increasing need for
efficient supervision of large volumes of data among organizations
to strengthen their operational capabilities. The growing demand
for solutions that facilitate time-saving data search as well as
enhanced security is driving the adoption of enterprise search
solutions. The rising significance of value-added services, along
with search capabilities, is further driving their adoption across
organizations.
Browse through Grand View Research's IT Services
& Applications Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research Helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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SOURCE Grand View Research, Inc.