Device As A Service (DaaS) Market Expected to Surpass USD 25 billion in Global Valuation by Key Players:Dell Technologies, HP Inc., Microsoft Corporation,

New Jersey, US State: "The global Device As A Service (DaaS) market in the Information Technology and Telecom category is projected to reach USD 25 billion by 2031, growing at a CAGR of 10.5% from 2025 to 2031. With rising industrial adoption and continuous innovation in Information Technology and Telecom applications, the market is estimated to hit USD 10.5 billion in 2024, highlighting strong growth potential throughout the forecast period."

Device As A Service (DaaS) Market Size & Forecast 2031
The Device As A Service (DaaS) market is expected to grow substantially by 2031, fueled by enterprise demand for flexible, subscription-based hardware models that shift ownership, maintenance, and lifecycle management burdens away from internal teams. DaaS offerings typically bundle devices such as laptops, tablets, and peripheral hardware with software, support, and replacement services under one managed contract. Organizations are attracted by predictable costs, ongoing updates, and reduced asset management overhead.

Growth is further driven by remote work trends, digital workplace initiatives, and increasing complexity of device ecosystems. Vendors are emphasizing secure deployment, remote management solutions, and lifecycle analytics to optimize usage and reduce waste. Competitive dynamics are becoming more intense as providers differentiate via device choice, support levels, sustainability practices, and integration with endpoint security tools. Overall, the DaaS market is poised for strong growth by 2031, enabling organizations to modernize device management and operational flexibility.

Key Players in the Device As A Service (DaaS) Market
Dell Technologies
HP Inc.
Microsoft Corporation
Lenovo Group Limited
Cisco Systems Inc.
IBM Corporation
Apple Inc.
Oracle Corporation
Fujitsu Limited
Atos SE
Zebra Technologies Corporation
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Factors Supporting Growth of Device As A Service (DaaS) Market in the Future:

1.Technological Advancements and Innovation:

The continuous evolution of technology is playing a vital role in driving the Device As A Service (DaaS) market forward. Cutting-edge innovations are improving product functionality, enhancing performance, and reducing costs, making these solutions more accessible to a broader range of industries. Emerging technologies such as AI, IoT, advanced analytics, and automation are also enabling smarter and more efficient use cases, further expanding the scope of the market. These advancements are not only upgrading existing systems but are also creating entirely new application opportunities that will support long-term market expansion.

2. Expanding Applications Across End-Use Sectors:

The increasing integration of Device As A Service (DaaS) solutions across diverse industries such as automotive, healthcare, consumer electronics, telecom, and industrial manufacturing is significantly boosting market demand. Each sector brings unique requirements, pushing companies to diversify their offerings and customize solutions. This cross-industry relevance ensures consistent demand growth, while rising digitalization and adoption of smart technologies amplify the market potential across both developed and developing regions.

3. Favorable Government Policies and Infrastructure Push:

Supportive initiatives by governments around the world, including funding programs, tax incentives, and policy frameworks, are providing a strong foundation for market development. Efforts to strengthen digital infrastructure, promote energy efficiency, and drive sustainable development are fueling demand for advanced Device As A Service (DaaS) technologies. Moreover, public-private partnerships and national transformation agendas such as smart cities and Industry 4.0 are creating favorable conditions for rapid market expansion, especially in emerging economies

4. Increased Investment and Focus on Research & Development:

The Device As A Service (DaaS) market is experiencing a surge in investment from both private and public entities, driven by the urgency to innovate and stay competitive. Companies are dedicating substantial resources to research and development to create next-generation products with higher efficiency, scalability, and environmental sustainability. Venture capital funding, mergers, acquisitions, and collaborations are also contributing to a dynamic ecosystem that fosters experimentation and accelerates commercialization of novel solutions, ensuring sustained market growth in the future.

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Key Segments Covered in Our Report: Device As A Service (DaaS) Industry

Device As A Service (DaaS) Market by Hardware as a Service
Desktops
Laptops
Tablets
Smartphones
Printers

Device As A Service (DaaS) Market by Software as a Service
Operating Systems
Productivity Software
Security Software
Collaboration Tools
Data Management Software

Device As A Service (DaaS) Market by Support Services
Technical Support
Maintenance Services
Asset Management
Cloud Storage Services
Training Services

The Application segment showcases the industries and sectors that use Device As A Service (DaaS) products for example Device As A Service (DaaS) targeting healthcare and automotive industries etc. It also provides a perspective of the market rate of acceptance, usage of the products, and new applications that are paving the way for the future of the market.

Global Device As A Service (DaaS) Market Regional Analysis

The Global Device As A Service (DaaS) Market is examined in dimensions of regions, wherein each region has its own market growth, trends as well as dynamics. This section highlights on the detailed market performance, major shifts, and trends and underlying factors explaining growth in different places around the world.

North America: North America accounts for a large share of the Device As A Service (DaaS) market which is a result of the developed technology, intense consumer market, and huge investments in the Device As A Service (DaaS) industry. To add, the U.S. market also plays a crucial role as this economy is more concerned with innovation and was also one of the first to implement Device As A Service (DaaS) products in its Device As A Service (DaaS) sectors. The region is expected to see a gradual rise till 2031 and this is because of its reinforced infrastructure and existing regulation mechanisms.

Europe: Global has the fastest growing Device As A Service (DaaS) market and is oriented around environmental protection, renewed efforts and environmental awareness. The market is dominated by countries like Germany, the UK, and France that have improved their technologies and have a strong industrial structure. Increased request for green solutions along with regulatory efforts are increasing demand in the market's key areas such as Device As A Service (DaaS) sectors.

Asia-Pacific: The growth potential in the Device As A Service (DaaS) market is expected to be maximum for Asia-Pacific region. Increased maturation, urban migration as well as expanding middle class in China, India, and Japan and other developing economies are great constituents of market growth. Further, there is an increasing contribution to investments in the Device As A Service (DaaS) sector which is increasing the demand for Device As A Service (DaaS) regions-supplying throughout the area.

Rest of the World: Countries and areas like Latin America, Middle East & Africa have also been showing moderate Device As A Service (DaaS) market growth. Although still developing, these markets are fueled by a fast increasing infrastructure, expending industrial activities and growing consumer demand for Device As A Service (DaaS) goods. These regions pose great opportunities for the market players to tap into other sources of growth.

Frequently Asked Questions (FAQ) - Device As A Service (DaaS) Market

Q1: What is the anticipated growth rate of the Global Device As A Service (DaaS) Market?

A1: With a growth rate of CAGR of 10.5%, the Global Device As A Service (DaaS) Market is anticipated to reach USD 25 billion by 2031. Industrial demand and innovation will lead it to reach USD 10.5 billion by 2024.

Q2: Which regions provide the highest growth opportunities for the Device As A Service (DaaS) Market?

A2: Asia-Pacific is likely to provide the highest growth prospects based on speedy industrialization and infrastructure growth, followed by robust markets in Europe and North America.

Q3: Which are the primary drivers of market growth?

A3: The primary drivers are technology innovation, growing industrial applications, heightened government initiatives, and expanding use of Device As A Service (DaaS) solutions in different industries.

Q4: What are the challenges faced by the Device As A Service (DaaS) Market?

A4: The challenges are tight regulatory systems, high upfront capital expenditures, fragmentation of the market in the emerging markets, and geopolitical risks in some regions.

Q5: Which are the major players in the Global Device As A Service (DaaS) Market?

A5: The market has a number of leading players with a focus on innovation, strategic alliances, and global expansion.

Q6: How does innovation influence the Device As A Service (DaaS) Market?

A6: Market growth is driven by innovation, which enhances product efficiency, lowers costs, and facilitates new applications, making the overall market potential broader.

Q7: Which industries utilize Device As A Service (DaaS) products mostly?

A7: Major industries include manufacturing, automotive, energy, electronics, and infrastructure, among others, where Device As A Service (DaaS) solutions deliver operational efficiency and sustainability.

Q8: How is the market anticipated to change after 2031?

A8: Although projections beyond 2031 are uncertain, continued technological advancement and increasing industrial demand are expected to continue supporting long-run growth patterns.

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