Global Mobile Device as a Service Market Size to Reach USD 390.54 Billion by 2028, At Growth Rate (CAGR) of 38.22%

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%.The Analysis Period 2023-2030.

The mobile device as a service (DaaS) market refers to a business model where companies offer mobile devices, such as smartphones and tablets, as subscription-based services. In this model, organizations can lease or rent devices from a service provider rather than purchasing them outright. The DaaS provider takes care of device management, including hardware, software, updates, and technical support. The market is thriving due to its convenience, the rising popularity of subscription-based models, the demand for effective device management, and the growing dependence on mobile devices across industries.

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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.

Market Dynamics:

Driver:

The rapid adoption of the subscription-based services model has been a significant driver for the mobile device as a service (DaaS) market. This model offers organizations a convenient and cost-effective way to access and manage their mobile devices. The subscription-based approach aligns with the evolving needs of businesses, providing flexibility, scalability, and the ability to stay up-to-date with the latest technology. So, the mobile DaaS market has witnessed substantial growth as more organizations embrace this subscription-based model to meet their device requirements.

Opportunities:

The increasing penetration of smart devices presents lucrative opportunities in the mobile device as a service (DaaS) market. As smart devices such as smartphones and tablets become more prevalent and essential for personal and professional use, the demand for efficient and cost-effective management of these devices is on the rise. The DaaS model offers a convenient solution for businesses to provide their employees with up-to-date and well-maintained smart devices, without the need for large upfront investments. Providers of mobile DaaS can capitalize on these opportunities by offering comprehensive solutions that address the specific needs of businesses, further driving the growth of the market.

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Market Segmentation

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.

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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures and Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures and Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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