Device as a Service (DaaS) Market Growth Survey, Promising Industry Trends, Development Strategies and Challenges by 2032

Introduction -

Device as a Service (DaaS) is an emerging model where 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 enabling businesses to focus on core activities.

Market Size and Growth -

The Device as a Service (DaaS) Market is Valued USD 61.49 Billion in 2023 and projected to reach USD 638.88 Billion by 2032, growing at a CAGR of 39.71% During the Forecast period of 2024-2032. his rapid growth can be attributed to the rising adoption of cloud services, the need for operational efficiency, and the increasing prevalence of remote and hybrid work models.

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Important Features that are under Offering Device as a Service (DaaS) Market Highlights of the Reports:

⋆ Detailed Overview of this Market
⋆ Changes in industry market dynamics
⋆ Detailed market segmentation by type, application, etc.
⋆ The historical, current, and projected market size in terms of quantity and value
⋆ Recent industry trends and developments
⋆ Competition situation of this market
⋆ Key companies and product strategies
⋆ Potential niche segment/region showing promising growth.

The list of Key Players Profiled in the study includes:-

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 segments and sub-segment of the market are explained below:

Device Category:
• Desktops & Laptops
• Tablets & Smartphones
• Printers & Scanners
• Networking Equipment (Routers, Switches)
• Point-of-Sale 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 Enterprises (SMEs)
• Large Enterprises
• Educational Institutions
• Government Agencies

Regions Covered in Market Report:

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, 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 following are the study objectives for this report:

◘ SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyze market competition. By kind, application, and region, the market is defined, described, and forecasted.
◘ Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
◘ Determine whether trends and factors are driving or limiting market growth.
◘ By identifying high-growth categories, stakeholders would be able to analyze market potential.
◘ Conduct a strategic study of each submarket's growth trends and market contribution.
◘ Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
◘ To create a strategic profile of the main players and analyze their growth plans in depth.

Key Drivers -

◘ Cost Efficiency: By converting capital expenditures (CapEx) to operational expenditures (OpEx), DaaS allows organizations to manage their budgets more effectively.
◘ Flexibility and Scalability: Businesses can scale their device needs up or down based on demand, which is particularly beneficial for companies with fluctuating workforce sizes.
◘ Enhanced Security and Management: DaaS providers often include comprehensive management and security services, reducing the burden on internal IT departments.
◘ Up-to-Date Technology: Regular refresh cycles ensure that companies always have access to the latest technology without significant upfront investments.

Challenges -

◘ Data Security: Ensuring data security and privacy remains a critical challenge, particularly with the increase in remote work.
◘ Cost Management: While DaaS offers cost benefits, managing the total cost of ownership can be complex, especially for large organizations with diverse device needs.
◘ Vendor Lock-in: Dependence on a single vendor for devices and services can pose risks related to flexibility and negotiating power.

Key Trends -

◘ Hybrid Work Environment: The shift towards remote and hybrid working models has accelerated the adoption of DaaS as companies seek to provide employees with secure and managed devices regardless of location.

◘ Integration with Cloud Services: DaaS solutions are increasingly integrated with cloud-based services, providing seamless access to applications and data, enhancing productivity.

◘ AI and Analytics: Advanced analytics and AI are being used to optimize device management, predictive maintenance, and enhance user experience.

◘ Sustainability: There is a growing emphasis on sustainability, with DaaS models promoting the reuse and recycling of devices, contributing to reduced electronic waste.

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Recent Industry News -

✦ Strategic Partnerships: There have been numerous strategic partnerships and collaborations in the DaaS space aimed at enhancing service offerings. For example, HP Inc. partnered with Microsoft to integrate their DaaS solutions with Microsoft 365, providing a comprehensive end-user computing experience.

✦ Acquisitions and Mergers: Companies are actively acquiring smaller firms to expand their DaaS capabilities. Dell Technologies' acquisition of SecureWorks is a notable example, enhancing its security offerings within the DaaS framework.

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

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

Table of Content (TOC):

Chapter 1: Introduction and Overview

Chapter 2: Industry Cost Structure and Economic Impact

Chapter 3: Rising Trends and New Technologies with Major Key Players

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

Chapter 5: Device as a Service (DaaS) Market Application and Business with Potential Analysis

Chapter 6: Global Market Segment, Type, Application

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

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

Chapter 9: Development Trend of Analysis

Chapter 10: Conclusion

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This release was published on openPR.