Device as a Service (DaaS) Market Growth Study – Promising

Device as a Service (DaaS) Market

Entry –

Device as a Service (DaaS) is a new model in which organizations lease computing devices and hardware, including desktops, laptops, and mobile devices, bundled with services such as lifecycle management, security, and maintenance. This model shifts the burden of managing and maintaining these devices from the organization to the service provider, offering a more predictable cost structure and allowing businesses to focus on core activities.

Market size and growth –

The Devices as a Service (DaaS) market is valued at USD 61.49 billion in 2023 and is projected to reach USD 638.88 billion by 2032, growing at a compound annual growth rate (CAGR) of 39.71% over the forecast period of 2024-2032. This rapid growth can be attributed to the increasing adoption of cloud services, the need for operational efficiency, and the rise of remote and hybrid work models.

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Important features within the Device as a Service (DaaS) market offering: Key information included in the reports:

⋆ A detailed overview of this market
⋆ Changes in the dynamics of the industry market
⋆ Detailed market segmentation by type, application, etc.
⋆ Historical, current and forecasted market size in terms of volume and value
⋆ Latest trends and events in the industry
⋆ The competitive situation in this market
⋆ Key Companies and Product Strategies
⋆ Potential niche segment/region showing promising growth.

The list of key players included in the study includes:

This includes the following industries: 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.

The detailed market segments and sub-segments are explained below:

Device category:
• Desktops and laptops
• Tablets and smartphones
• Printers and scanners
• Network equipment (routers, switches)
• Retail Sales Systems (POS)
• Medical devices (depending on regulations)

Service model:
• Hardware as a Service (HaaS)
• Software as a Service (SaaS)
• Managed Services

End users:
• Small and medium-sized enterprises (SMEs)
• Large enterprises
• Educational institutions
• Government agencies

Regions covered by the market report:

• North America (United States, Canada and Mexico)
• Europe (Germany, France, Great Britain, Russia, Italy)
• Asia Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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The research objectives of this report are as follows:

◘ SWOT analysis focuses on the world’s major manufacturers to define, evaluate and analyze market competition. The market is defined, described and forecasted by type, application and region.
◘ Investigate the global and major regional market potential and advantages, opportunities and challenges, constraints and threats.
◘ Determine whether trends and factors are driving or constraining market growth.
◘ By identifying high-growth categories, stakeholders will be able to analyze the market potential.
◘ Conduct strategic research on each submarket’s growth trends and market share.
◘ Examples of competitive development include expansion, agreements, new product introductions, and market acquisitions.
◘ To create a strategic profile of the main players and thoroughly analyze their development plans.

Key Driving Factors –

◘ Cost-effectiveness: DaaS allows organizations to manage budgets more effectively by converting capital expenditures (CapEx) into operational expenditures (OpEx).
◘ Flexibility and scalability: Companies can increase or decrease their need for devices based on demand, which is especially beneficial for companies with fluctuating workforce sizes.
◘ Enhanced security and management: DaaS providers often offer comprehensive management and security services, reducing the burden on internal IT departments.
◘ Cutting-edge technology: Regular refresh cycles ensure that businesses have constant access to the latest technology without requiring a significant upfront investment.

Challenges –

◘ Data security: Ensuring data security and privacy remains a key challenge, especially as remote work becomes more common.
◘ Cost management: DaaS offers financial benefits, but managing total cost of ownership can be complicated, especially for large organizations with diverse device needs.
◘ Vendor lock-in: Dependence on a single vendor for devices and services can carry the risk of losing flexibility and negotiating power.

Key trends –

◘ Hybrid Workplaces: The shift to remote and hybrid work models has accelerated DaaS adoption as companies seek to provide employees with secure and managed devices regardless of location.

◘ Integration with cloud services: DaaS solutions are increasingly being integrated with cloud services, providing seamless access to applications and data, which translates into increased productivity.

◘ Artificial Intelligence and Analytics: Advanced analytics and AI are used to optimize device management, predictive maintenance, and improve user experiences.

◘ Sustainability: There is an increasing focus on sustainability, with DaaS models promoting the reuse and recycling of devices, helping to reduce electronic waste.

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Latest Industry News –

✦ Strategic partnerships: The DaaS space has seen a number of strategic partnerships and collaborations to enhance service offerings. For example, HP Inc. partnered with Microsoft to integrate its DaaS solutions with Microsoft 365, providing a comprehensive end-user computing experience.

✦ Acquisitions and mergers: Companies are actively acquiring smaller companies to expand their DaaS capabilities. Dell Technologies’ acquisition of SecureWorks is a notable example, expanding its security offerings within DaaS.

✦ Product launches: Recent product launches have focused on enhanced security features and AI-powered analytics. Lenovo’s introduction of ThinkPad DaaS solutions with built-in AI capabilities for predictive maintenance is a notable development.

✦ Expansion in emerging markets: Key players are increasing their presence in emerging markets such as Asia Pacific and Latin America, where there is significant growth potential due to increasing digital transformation initiatives.

Table of Contents (TOC):

Chapter 1: Introduction and Overview

Chapter 2: Industry Cost Structure and Economic Impact

Chapter 3: Growing Trends and New Technologies with Key Players

Chapter 4: Global Device as a Service (DaaS) Market Analysis, Trends, Growth Drivers

Chapter 5: Analyzing the Device as a Service (DaaS) Market and Potential Business Applications

Chapter 6: Global Market Segment, Type, Application

Chapter 7: Global Device as a Service (DaaS) Market Analysis (by Application, Type, End User)

Chapter 8: Analysis of Key Vendors in the Device as a Service (DaaS) Market

Chapter 9: Development trend of analysis

Chapter 10: Conclusions

Market figures
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