Device-As-A-Service Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Device-As-A-Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the device-as-a-service market has witnessed tremendous growth in the recent past. It is projected to expand from $152.54 billion in 2024 to $200.37 billion in 2025, increasing at a compound annual growth rate (CAGR) of 31.3%. The significant growth during the historic period can be traced back to factors such as the digital transformation of enterprises, cost-effectiveness and foreseeable costs, a focus on key competencies, adaptable work settings, and end-of-life device management.

Device-As-A-Service Market Size Forecast: What's the Projected Valuation by 2029?
The device-as-a-service industry is projected to undergo considerable expansion over the upcoming years, realizing a market size of $653.19 billion in 2029 with a 34.4% compound annual growth rate (CAGR). The surge during this forecast period can be credited to factors such as an emphasis on sustainability, tightening budget restrictions, regulations related to data security and privacy, changing business structures, and growth of edge computing. Key trends for this period are anticipated to be subscription-oriented models, comprehensive device management, versatility and scalability, data analysis and insights, collaborative relationships and partnerships, in addition to remote monitoring and maintenance.

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What Are the Drivers Transforming the Device-As-A-Service Market?
The increasing adoption of the subscription-based service model is projected to drive the growth of the device-as-a-service market. A subscription-based service model is a business approach where customers pay a repeated fee or subscription cost to utilize a service over a defined timeframe. Device-as-a-service is a popular subscription-based service model that offers businesses an all-inclusive solution for accessing and managing their device infrastructure. Customers pay a periodic fee to access and use a variety of devices provided by the service provider. This model is adopted for cost-effectiveness, scalability, easy device management, and regular payments. For example, in July 2022, as per the data shared by eLabs Inc., a software company based in Canada, 53% of all software revenue came from subscription models by 2022, and subscription services were used by 78% of individual sectors globally. Additionally, the subscription economy is expected to touch $1.3 trillion in the next decade. Hence, the escalating adoption of subscription-based service models is fueling the expansion of the device-as-a-service market.

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What Long-Term Trends Will Define the Future of the Device-As-A-Service Market?
Cutting-edge technologies are emerging as impactful trends in the device-as-a-service market. To maintain their competitive edge, large firms in this sector are creating ground-breaking solutions. For example, in January 2023, Social Mobile, an enterprise mobility solution provider from the US, launched a new DaaS offering called Social Mobile ONE. This state-of-the-art solution helps companies, no matter their size, to acquire the necessary devices they need without concerns over initial outlay or ongoing upkeep. Notable features of this offering include high-standard hardware, device administration software, managed mobility services, and cellular connectivity. In addition to being cost-effective, it's also simple for businesses to manage. Utilizing this technology allows companies to bypass heavy upfront expenses associated with purchasing and handling mobile devices, and to leverage Social Mobile's proficiency in mobile security and administration.

Which Segments in the Device-As-A-Service Market Offer the Most Profit Potential?
The device-as-a-service market covered in this report is segmented -

1) By Device Type: Desktops, Laptops, Notebooks, Tablets, Smartphones And Peripherals
2) By Offering: Hardware, Software, Service
3) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
4) 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

Subsegments:
1) By Desktops: All-In-One Desktops, Traditional Desktops
2) By Laptops: Business Laptops, Gaming Laptops, Ultrabooks
3) By Notebooks: Standard Notebooks, 2-In-1 Notebooks
4) By Tablets: Standard Tablets, Rugged Tablets
5) By Smartphones And Peripherals: High-End Smartphones, Mid-Range Smartphones, Budget Smartphones, Printers, Monitors, Keyboards And Mice, Docking Stations

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Which Firms Dominate the Device-As-A-Service Market by Market Share and Revenue in 2025?
Major companies operating in the device-as-a-service market include Apple Inc., Acer Inc., Samsung, Microsoft Corporation, Dell Inc., Lenovo Group Limited, Intel Corporation, SYNNEX Corporation, Accen*ture 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.

Which Regions Offer the Highest Growth Potential in the Device-As-A-Service Market?
North America was the largest region in the device-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the device-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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