Device as a Service (DaaS) Market Overview

The device as a service (DaaS) market is anticipated to witness healthy growth from 2020 - 2027, a research report suggests. Growing at a CAGR of 55.8%, the market is projected to reach US$190,163.86 million by 2027. Reducing CAPEX and OPEX in enterprises is expected to support the market growth along with the need for disseminating software upgrades. As predicted by analysts, adoption of BYOD and CYOD will negatively affect the market’s performance from 2020 - 2027. During the forecast period, the market will be supported by elimination of device purchases and adoption of IoT.

Customers choosing their own models on the other hand will challenge computing technologies sector based organizations functioning in the global device as a service (DaaS) market. Analysts have split the market into verticals, components, and organizations segments based on products and services. Computing technologies based companies have been profiled. The lack of skilled human resources is set to affect the global market during the forecast period 2020 - 2027. The report also provides the market’s performance forecasts till 2027. Strategies of computing technologies based companies are studied. The computing technologies sector itself is supported by the penetration of IoT in large enterprises as well as high demand across industry verticals. During the forecast period 2020 - 2027, the device as a service (DaaS) market is set to witness a health growth across verticals, components, and organizations segments as well as regional markets.

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Device as a Service (DaaS) Market Segmentation

The computing technologies sector has seen growth across verticals, components, and organizations segments owing to the growing urbanization and consumers aiming for more convenience. To study the market, analysts have further segmented verticals, components, and organizations into BFSI, healthcare, manufacturing, retail, it & telecommunication, education, government and others on the basis of verticals. The market is further segmented into components sub segment which is split into hardware, solution [software] and services [professional services and managed services]. Additionally, the device as a service (DaaS) market on the basis of organizations is segmented into large enterprises and small & medium enterprises.

The segmental analysis presented in the report provides computing technologies field based organizations insights into key growth factors such as the increasing awareness among consumers as well as challenges such as demand and supply gaps the market will face from 2020 - 2027. The presence of untapped market opportunities and the availability of many untapped opportunities are some of the key factors having an influence on computing technologies industry based companies, suggest analysts as per the device as a service (DaaS) market report. But the report also identifies the lack of investments in R&D and the growing penetration of alternatives in the market as major threats companies in computing technologies will face till 2027. 

Device as a Service (DaaS) Market Regional Overview

Computing technologies market based companies in the device as a service (DaaS) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The growing application areas will be a key growth driver for regional markets. However, the lack of demand from developing countries will turn out to be a threat. For the forecast period 2020 - 2027. Each of these regional markets are studied in the report. Starting from North America, the regional market and computing technologies vertical based companies are spread across the United States, Mexico, and Canada.

The lack of effective communication will turn out to be a major challenge from 2020 - 2027. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growth of communication channels as well as the surging usage across different industries, suggests the report. Similarly, the computing technologies sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the device as a service (DaaS) market covers the Middle East and Africa. The global device as a service (DaaS) market forecasts based on the findings are presented for the forecast period till 2027.

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Device as a Service (DaaS) Market Competitive Landscape

The global device as a service (DaaS) market research report brings a comprehensive study of verticals, components, and organizations market segments, regional analysis, and computing technologies vertical based company details of key players. As the forecast period 2020 - 2027 will bring new opportunities for the market owing to advancements in technology and increasing awareness levels, the market is set to grow at a compound annual growth rate of 55.8% and is predicted to reach a value of US$190,163.86 million by 2027. With SWOT analysis of computing technologies sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the shifting preference for cheaper alternatives and the increasing demand for highly skilled professionals, companies in the computing technologies sector can change the way business is done.

List of Key Companies Covered in this Report

    • Microsoft (U.S.)
    • Apple Inc. (U.S.)
    • Dell Inc. (U.S.)
    • Capgemini (France)
    • Amazon Web Services Inc. (U.S.)
    • HP Development Company L.P. (U.S.)
    • CompuCom Systems Inc. (U.S.) And so on...

Industry News

Lenovo DaaS (device as a service) is in high demand. The organisation is stepping up its efforts to accelerate PC DaaS growth as the new fiscal year begins. According to estimates released by IDC last month, worldwide demand for PCs increased in 2020. Last year, shipments increased by approximately 13%, and IDC predicts an increase of more than 18% in 2021, totaling more than 357 million systems. Lenovo sees DaaS as critical to its long-term success, and its new Solutions & Services Group is working to keep PC DaaS growing (SSG). Lenovo hopes that by creating SSG, it will be able to expand its subscription and usage-based offerings. Small and midsize businesses (SMBs) and vertical solutions will be the priority.

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