The Device-As-A-Service Market Soars With The Rise Of Subscription-Based Service Models Emerges as a Core Driver of the Device-As-A-Service Market in 2025

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What Is the Expected CAGR for the Device-As-A-Service Market Through 2025?
In recent times, there has been a significant expansion in the size of the device-as-a-service market. With a compound annual growth rate (CAGR) of 30.5%, the market is projected to rise from $152.54 billion in 2024 to $199 billion in 2025. Factors such as digital transformation in enterprises, cost-effectiveness, predictable expenditures, emphasis on core competencies, adaptable work setups, and end-of-life device management all contribute to its growth seen in the historic period.

What's the Projected Size of the Global Device-As-A-Service Market by 2029?
Anticipated to witness impressive expansion in the coming years, the device-as-a-service market is projected to escalate to $643.43 billion by 2029 with a compound annual growth rate (CAGR) of 34.1%. Several factors driving growth during this forecast period include an emphasis on sustainability, tighter budget restrictions, regulations surrounding data security and privacy, developed business models, and the spread of edge computing. Key trends during this anticipated period encompass subscription-based models, comprehensive device management, customization and scalability, data analysis and insights, collaborations and partnerships, as well as remote monitoring and upkeep.

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Top Growth Drivers in the Device-As-A-Service Industry: What's Accelerating the Market?
The device-as-a-service market is anticipated to grow due to the increasing acceptance of the subscription-based service model. This business model involves customers paying a regular charge or subscription fee to use a service for a set period of time. Device-as-a-service, a prevalent subscription-based service model, provides organisations with a complete solution for accessing and controlling their device infrastructure. Customers pay regular payments to access and use a variety of devices offered by a service provider. Benefits include cost effectiveness, scalability, easy device handling, and consistent payments. For example, eLabs Inc., a software company based in Canada, reported in July 2022 that by 2022, 53% of all software revenue came from subscription models, which were used by 78% of individual industries globally. Additionally, the subscription economy is forecasted to reach $1.3 trillion in the next decade. As a result, the device-as-a-service market is growing due to the heightened use of subscription-based service models.

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What Trends Will Shape the Device-As-A-Service Market Through 2029 and Beyond?
Leading-edge technologies are becoming increasingly sought-after trends within the device-as-a-service market. To remain competitive, key players in this market are creating novel technologies. Notably, in January 2023, Social Mobile, an American firm specializing in enterprise mobility solutions, initiated Social Mobile ONE, a fresh device-as-a-service (DaaS) proposition. This ground-breaking technology aims to facilitate businesses of varying sizes in acquiring necessary devices without the stress of immediate costs or continual upkeep. It further incorporates superior quality hardware, device administration software, managed mobility services, and cellular connectivity. It represents an affordable and manageable solution for all types of businesses. Utilizing this technology enables companies to avoid substantial initial expenses associated with purchasing and operating mobile devices, while also gaining from social mobile's proficiency in mobile protection and administration.

What Are the Main Segments in the Device-As-A-Service Market?
The device-as-a-servicemarket 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 Top Companies are Driving Growth in the Device-As-A-Service Market?
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, 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.

Which Regions Will Dominate the Device-As-A-Service Market Through 2029?
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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