Global Device-As-A-Service Market: Projected to Soar to $653.19 billion by 2029 at 34.4% CAGR

Exponential growth targets for the device-as-a-service market are guided by the rise of subscription-based service models, key trends and driven by major industry players.

What Is The Projected Market Size Of The Global Device-As-A-Service Market And Its Growth Rate?
The global device-as-a-service market has seen substantial growth in recent years, and this upward trend is expected to continue.
* The market is projected to grow from $152.54 billion in 2024 to $200.37 billion in 2025, hitting a CAGR of 31.3%.
* The primary growth drivers during this historical period include enterprise digital transformation, cost-efficiency and predictable expenses, focus on core competencies, flexible work environments, and end-of-life device management.
* The forecasted period also promises exponential growth, with the market size estimated to reach $653.19 billion in 2029 at a CAGR of 34.4%.
* The expectant growth can be attributed to a focus on sustainability, increased budget constraints, data security and privacy regulations, evolving business models, and edge computing expansion.

What Is Driving The Growth In The Device-As-A-Service Market?
The growth of the device-as-a-service market is being propelled by the rising acceptance of the subscription-based service model. This model allows businesses to have a comprehensive solution for accessing and managing their device infrastructure, and customers pay a recurring fee to use a range of devices a service provider offers. It has proven to be cost-efficient, offering scalable solutions, simplified device management, and regular payments. For instance, in July 2022, eLabs Inc., a Canada-based software company, reported that 53% of all software income came from subscription models, and subscription services were used by 78% of industries worldwide. In addition, the subscription economy is expected to reach $1.3 trillion in the next decade.

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Who Are the Key Players Driving Device-As-A-Service Market Growth?
The prominent players in the device-as-a-service market include:
* Apple Inc.
* Acer Inc.
* Samsung
* Microsoft Corporation
* Dell Inc.
* Lenovo Group Limited
* Intel Corporation
* SYNNEX Corporation
* accenture* plc
* Cisco Systems Inc.
* Hewlett Packard Development Company L.P.
* Capgemini
* Cognizant
* DXC Technology
* Vmware Inc.
* Swisscom AG
* Telia Company AB
* Computacenter plc.
* Atea Global Services Ltd.
* Citrix Systems Inc.
* CompuCom Systems Inc.
* Yorktel
* EMPIST
* Portsmouth Computer Group
* Sunstate Technology Group
* Trust Technology Solutions
* Insight Enterprises Inc.

What Are The Key Trends In The Device-As-A-Service Market?
Several key trends will shape the market dynamics during the forecast period:
* Subscription-based models
* End-to-end device management
* Customization and scalability
* Data analytics and insights
* Collaborations and partnerships
* Remote monitoring and maintenance

What Are The Segments Of The Global Device-As-A-Service Market?
The global device-as-a-service market can be segmented based on:
* By Device Type: Desktops, Laptops, Notebooks, Tablets, Smartphones and Peripherals
* By Offering: Hardware, Software, Service
* By Enterprise Size: Small and Medium Enterprise, Large Enterprise
* By Industry Vertical: Banking, Financial Services and Insurance (BFSI), Educational Institutions, Healthcare and Life Sciences, IT and Telecommunication, Public Sector and Government Offices, Other Industry Verticals

Which Region Leads The Device-As-A-Service Market?
North America was the dominant region in the device-as-a-service market in 2024, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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What Is Covered In The Device-As-A-Service Market Global Market Report?
- Market Size Analysis: Analyze the Device-As-A-Service Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Device-As-A-Service Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Device-As-A-Service Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Device-As-A-Service Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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