Device-as-a-Service Market Size, Trends, Key Players, Demand Analysis, Regional Outlook and Forecast 2021 from Animesh's blog

Device as a Service (DaaS) Market Overview

The device as a service (DaaS) market is anticipated to witness healthy growth from 2020 - 2027, a research report suggests. Growing at a CAGR of 55.8%, the market is projected to reach US$190,163.86 million by 2027. Reducing CAPEX and OPEX in enterprises is expected to support the market growth along with the need for disseminating software upgrades. As predicted by analysts, adoption of BYOD and CYOD will negatively affect the market’s performance from 2020 - 2027. During the forecast period, the market will be supported by elimination of device purchases and adoption of IoT. The market analysis is provided for the international markets including device as a service market trends, competitive landscape analysis, and key regions development status.

Device as a Service (DaaS) Market Segmentation

By Component

  • Hardware to be the In-demand Segment

The hardware segment is likely to dominate the global DaaS market owing to the distribution of laptops for employees. Cloud technology is expected to provide the necessary stimulus to the market as remote work becomes the norm.

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By Organization

  • SMEs to Generate Maximum Revenue

Small and mid size enterprises can form the major customer base over the forecast period owing to implementing the outsourcing of desktop PCs to improve productivity and lower expenses. The large number of devices and need for a central management system for tracking and monitoring can invoke the demand for DaaS.

By Vertical

  • IT & Telecom to Spur Demand for DaaS

The IT & telecom segment is expected to be the biggest revenue generator of the DaaS market owing to the proliferation of IT companies and the use of software in all strata of life. Presence of software development teams globally and their need in formulating applications for alleviating the burden on public and private sectors can induce the need for DaaS. Moreover, outsourcing of procurement of devices and other hardware equipment can drive the segment demand in the global market.

Regional Analysis

  • North America to Lead in DaaS Market

North America is estimated to lead in the global DaaS market owing to its ability to provide its customers with flexibility in their operations. PC and laptop manufacturers have embraced the new supply chain model by accepting the responsibilities of device management. The U.S. accounted for close to 87.4% market share in 2019, followed Canada and Mexico. The North America device as a service market is bound to register a CAGR of 52.3% during the forecast period owing to the work from home policy adopted by major software development corporations. Launch of such programs by Microsoft and HP is evidence of the large potential of the model.

  • APAC to Assume Second Position in Global Device as a Service Market

The APAC market is expected to reach a valuation of USD 54,101.6 million by 2026. It is likely to exhibit a CAGR of 59.2% over the forecast period owing to the large workforce involved in IT and ITes services. The Device as a Service Market is predicted to succeed in the region owing to outsourcing of plum contracts to large firms in China and India coupled with a source of revenue for hardware vendors by refurbishment of machines.

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Device as a Service (DaaS) Market Key Players

  • Microsoft (U.S.)
  • Apple Inc. (U.S.)
  • Dell Inc. (U.S.)
  • Capgemini (France)
  • Amazon Web Services Inc. (U.S.)
  • HP Development Company L.P. (U.S.)
  • CompuCom Systems Inc. (U.S.)
  • Yorktel (U.K.)
  • Citrix Systems Inc. (U.S.)
  • Acer Inc. (Taiwan)
  • Plantronics Inc. (U.S.)
  • SHI International Corp. (U.S.)
  • Intel Corporation (U.S.)
  • Lenovo (China)
  • Scantron Corporation (U.S.)

Table Of Content

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 18

2 MARKET INTRODUCTION

2.1 DEFINITION 19

2.2 SCOPE OF THE STUDY 19

2.3 RESEARCH OBJECTIVE 19

2.4 MARKET STRUCTURE 20

3 RESEARCH METHODOLOGY

4 MARKET INSIGHTS

5 MARKET DYNAMICS

Continued...

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By Animesh
Added Nov 25

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