Global Mobile Device as a Service market size is expected to reach USD 390.54 Billion by 2028

Market Overview:
Global Mobile Device as a Service Market size was valued at USD 40.52 Billion in 2021, and is projected to reach USD 390.54 Billion by 2028, growing at a CAGR of 38.22% from 2022 to 2028.
PCs, cellphones, and other mobile computing devices are made available as a paid service under the mobile device-as-a-service concept. Device as a Service reduces a company's IT requirements by contracting with a third party to handle the hardware, software, and device administration. An organization could update its equipment at the conclusion of the lease period by subscribing to a provider without having to pay the fees typically related to a device refresh. Services for software and hardware management also include asset tracking, security, and end-of-life disposal for devices. Hardware such as computers, laptops, desktops, tablets, two-in-ones, and cell phones are examples of devices that are supplied as a service.

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Market Dynamics:
Driver:
The rising popularity of subscription-based service models and the rising number of channel partners who provide mobile devices as a service are both factors contributing to the market's expansion. Along with these, increasing enterprise pressure to cut operating and capital costs, as well as a rise in the popularity of contract-based solutions among small and medium-sized businesses, are anticipated to fuel market expansion in the years to come.

Opportunities:
In the near future, the market is expected to benefit greatly from the sharp increase in cloud service consumption in developing countries and the growing adoption of smart devices. By 2020, there will be more than 3 billion smartphone users worldwide. This userbase is predicted to grow to a size of about 4 billion by the end of 2021. In addition to the numerous technological advancements like 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), the unceasing increase in internet accessibility around the world has significantly accelerated economic growth in the past two decades.

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Market Segment:
By Device Type
• Desktops
• Laptops
• Tablets
• Smartphones & Peripherals
By Offering
• Hardware
• Software
• Services
By End User
• IT & Telecommunication
• BFSI
• Education
• Healthcare
• Government
• Others

Regional Analysis In Mobile Device as a Service Market
Due to the vast workforce employed in the IT and telecommunications sector as well as the significant number of businesses present in the region, the market in the Asia Pacific is predicted to experience notable expansion over the forecast period. Along with these, it is anticipated that rising internet penetration will support market expansion in the region in the future. The World Bank reports that in 2019, 35.331 percent of South Asia's total population used the internet, a significant rise from 18.785 % in 2018. Furthermore, the market in North America is anticipated to develop at the fastest rate during the forecast period as a result of the region's early embrace of technologies like IoT and cloud computing as well as the rising demand for mobile devices across a variety of business verticals.
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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Top Key Players Covered In Mobile Device as a Service Market
• Apple(US)
• Hewlett Packard (US)
• Lenovo (China)
• Dell Technologies(US)
• Computacenter (UK)
• Microsoft (US)
• Cisco (US)
• CompuCom (US)
• 3stepIT (Finland)
• Telia Company (Sweden)
• CHG MERIDIAN (Germany)
• Atea Global Services (Latvia)
• CSi leasing (US)
• Econocom (France)
• GreenFlex (France)
• GRENKE (Germany)
• Excellence IT (UK)
• Foxway (Sweden), and Other Major Players.

Key Industry Development In The Mobile Device as a Service Market
In April 2021, Lenovo Group Limited's Intelligent Devices Group in North America declared that it has developed a new device-as-a-service offering developed to meet the requirements of small and medium-sized businesses.

In August 2020, CompuCom and Office Depot collaborated to offer a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.

Our comprehensive Mobile Device as a Service Market analysis contains both qualitative and quantitative market information, making it an essential document to obtain. It enables clients all over the world to gain knowledge about the rapidly expanding Mobile Device as a Service Market growth, including all of the ups and downs detailed in the report. In addition, our analysts have included a chapter on the Covid-19 crisis, which has had a significant impact on market growth. Furthermore, we provide a meta-analysis and systematic data review of the market based on global manufacturers and regions in the report. Furthermore, our analysts classify market hidden opportunities with a global rising CAGR for Mobile Device as a Service Market forecast until 2030.

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