Market Research

Global Device as a Service (DaaS) Market: Growth, Trends, Opportunity, and Forecasts (2020-2025)

Aug 11, 2020 2:31 PM ET

iCrowd Newswire – Aug 11, 2020

The Global Device as a Service (DaaS) market is estimated to grow at substantial growth rate with a CAGR of ~55% during the forecast period 2020-2025. The market study shows that the global DaaS industry is predicted to record ~$66 billion by the end of the year 2025.

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Device as a service (DaaS) is the offering of smartphones, personal computers (PCs), tablets, desktops, laptops and other mobile computing devices in a form of paid service. DaaS eases the IT demands of a company by outsourcing the software, hardware and equipment management services to third-party provider. DaaS provider offer several services for a customer on monthly subscription fee. The service is gaining huge popularity among organizations to minimize the IT expenditure specially related to IT hardware infrastructure. DaaS is rapidly being deployed by organizations in the IT and telecommunication, BFSI and retail verticals globally.

The global DaaS market is drive by various growth factors such as increasing adoption of contract-based services and solutions by SMEs and increasing demand of enterprises to reduce the Operational Expenditure (Opex) and Capital Expenditure (Capex). Some additional market factors that are attributing to the market growth are increasing adoption of IoT across major industry vertical along with rise in number of connected devices.

Whereas, lack of technical expertise, security concerns and increasing adoption of bring your own device (BYOD) and choose your own device (CYOD) policies restraints the market growth over the future period. On the other hand, rise in migration to cloud and increasing focus of enterprises to cut operational costs are some major trends witnessed by the companies operating in the global DaaS market.

Segmentation Overview of the Global Device as a Service (DaaS) Market

The global DaaS market is categorized on the basis of various market segments such as component, deployment mode, organization size and industry vertical. These major market segments are further categorized to study the market in detail.

The Component Segment of the Global DaaS Market is Sub-Segmented into:

  • Hardware
  • Solution
  • Services

The Deployment Mode Segment of the Global DaaS Market is Sub-Segmented into:

  • Cloud
  • On-Premises

The Organization Size Segment of the Global DaaS Market is Sub-Segmented into:

  • Small and Medium Enterprises
  • Large Enterprises

The Industry Vertical Segment of the Global DaaS Market is Sub-Segmented into:

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

Geographical Overview of the Global Device as a Service (DaaS) Market

The regional study of the global DaaS market shows that the North America market leads the global marketplace. Furthermore, the Asia-Pacific DaaS market is estimated to witness a significant growth, owing to presence of various key players in the region such as Fujitsu (Japan), ZTE Corporation (China), SAMSUNG (South Korea) and Lenovo (Hong Kong) among others.

Key Players Insights of the Global Device as a Service (DaaS) Market

SHI International Corp. (US), Capgemini (France), CompuCom Systems, Inc., (US), Plantronics, Inc. (US), Citrix Systems, Inc. (US), Lenovo (Hong Kong), Amazon Web Services Inc. (US), Dell Inc. (US), Microsoft Corporation (US) and HP Development Company, L.P (US) are some major players included in the research study of the global DaaS market.

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Keywords:    Device as a Service (DaaS) Market