DaaS Market - 2022 by Business Strategies, Size, Share, Forecast to 2028 | by Microsoft Corporation, Google, Amazon Web Services

New Jersey, United States - Analysis of DaaS Market 2022 to 2028, Size, Share, and Trends by Type, Component, Application, Opportunities, Growth Rate, and Regional Forecast

The Global Device as a Service (DaaS) Market is expected to reach USD 455 billion by 2030 from USD 43.06 billion in 2021, growing at a CAGR of 39.40% during the forecast period 2022-2028. By utilising DaaS, businesses may lessen their IT workload while ensuring fast software and hardware maintenance, which boosts productivity. Businesses can alter the amount of devices and services they employ by using device-as-a-service. During the projected period, these factors are anticipated to drive the market. Additionally, the market growth has been propelled by the quick adoption of the subscription model, greater policy compliance, increased user productivity, decreased help desk charges, and the rising need for affordable and secure devices. The demand for the DaaS model is expected to rise as the startup ecosystem develops. However, a lack of technological know-how and the adoption of CYOD policies may limit industry growth.

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The DaaS market, which was valued at US$ million in 2022, is expected to grow at a CAGR of approximately percent over the forecast period, according to our most recent report.

The market for devices as a service is driven by the quick uptake of subscription-based services. Device-as-a-Service subscription models enable users to convert expensive technological investments into operating expenses (OpEx). Small, midsize, and big organisations might set aside money for calculated revenue-generating projects. Policy compliance, access to cutting-edge technology, device configuration, installation, data migration, on-site assistance, and technology recycling are further advantages. Device-as-a-Service, which is a subscription service, enables an organisation to scale up or down in accordance with the operating environment and business requirements. Organisations are able to pay for what they require, especially at the time of need. The market may develop as a result of DallaS's additional benefits.

Segment Analysis:

The market is divided into public cloud, private cloud, and hybrid cloud segments based on how they are deployed; the public cloud category is predicted to have the biggest market share due to its anticipated growth rate of about 18%. In comparison to other cloud services, public cloud is the most affordable because services are provided to customers using a pay-as-you-go model, which eliminates the need for an upfront commitment.

The market is divided into small and medium-sized businesses and large businesses based on the size of the business. Over the forecast period, it is predicted that the small and medium-sized businesses segment would account for the greatest share of the global market. Due to their limited financial resources, SMEs frequently use devices as a service, prioritising their expenditures by leasing hardware.

Based on Offering, Device Type, Organisation, Industry Vertical, and Regional criteria, the device as a service (DaaS) market is divided into subgroups. Hardware, software, and services comprise the three market segments. Desktops, laptops, tablets, notebooks, cellphones, and accessories are all included in the hardware category. Based on the size of the firm, the market has been divided into small, medium, and large enterprises. The market is further divided into Banking, Financial Services, and Insurance (BFSI), educational facilities, healthcare and life sciences, information technology and telecommunications, public sector and government offices, and others based on industry verticals. Telecommunications and information technology dominated the market. By device type, the market has been divided into desktop, laptop, notebook, tablet, smartphone, and peripherals categories.

Given the region's significant expansion in the cloud computing sector and ongoing transformation of IT infrastructure models, the majority of desktop-as-a-service solution providers are looking to extend their operations there.Due to limited IT budgets, desktop-as-a-service is working well for small and medium-sized businesses. Additionally, large businesses are increasingly utilising desktop-as-a-service for flexible and transient use cases.Data security and privacy continue to be major obstacles to the market expansion for desktop-as-a-service. However, given the tremendous level of innovation in the field of cloud security, this issue is probably going to be fixed soon.In order to take advantage of platform agility and give customers a variety of desktop-as-a-service solutions with improved security options, the majority of desktop-as-a-service solution providers are concentrating on forming partnerships with hyper scale vendors.

Regional Analysis:

The demographically diversified global market for devices as a service is made up of Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa. These areas are further divided into national categories. North America held the greatest market share for devices-as-a-service because of brand manufacturers in industrialised countries like the United States. Additionally, this area will be able to continue its dominance over the forecast period of 2022-2028 because of the quick adoption of DaaS by a variety of end-use sectors. Contrarily, Asia Pacific is predicted to pick up significant steam in the future years as a result of its densely populated countries' large percentage of working-class residents and their reliance on software and electronic gadgets for basic tasks.

Competitive Analysis:

Microsoft Dell Inc. Capgemini Apple Inc. HP Development Company LP. Amazon Web Services Inc. Inc. CompuCom Systems Citrix Systems Yorktel Inc. Intel Corporation, Plantronics Inc., SHI International Corp., and Acer Inc. (US.) Lenovo (China) (China)

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The DaaS market, which was valued at US$ million in 2022, is expected to grow at a CAGR of approximately percent over the forecast period, according to our most recent report.

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