Device as a Service (DaaS) Market Overview
The device as a service (DaaS) market generated a revenue of USD 9,843.8 million in 2019 and is expected to reach a market value of USD 190,163.8 million by 2026, growing at 55.8% CAGR during the forecast period.
The global device as a service (DaaS) market is expected to witness substantial growth during the forecast period, primarily due to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) among enterprises and the adoption of contract-based services and solutions by SMEs.
Device as a Service (DaaS) Market Regional Analysis
The geographic analysis of the device as a service (DaaS) market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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North America accounted for the largest market share of 45.5% in 2019, with a market value of USD 4,378.8 million; the market is expected to register a CAGR of 52.3% during the forecast period. Asia-Pacific was the second-largest market in 2019, valued at USD 2,408.6 million; the market is projected to exhibit a CAGR of 59.2%.
Device as a Service (DaaS) Market Key Players
The key players of the global device as a service (DaaS) market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).
Device as a Service (DaaS) Market Segmental Analysis
The global device as a service (DaaS) market has been segmented based on component, organization size, vertical, and region.
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By component, the global market has been segmented into hardware, solution (software), and services. The services segment is further bifurcated into professional services and managed services.
By organization size, the global market for DaaS is segmented into large enterprises and small and medium enterprises.
Based on vertical, the global device as a service (DaaS) market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others. The IT & telecom segment accounted for the largest market share of 25.2% in 2019, with a market value of USD 2,483.0 million; it is expected to register a CAGR of 57.4% during the forecast period. The BFSI segment was the second-largest market in 2019, valued at USD 1,906.1 million; it is projected to register the highest CAGR of 58.8%.
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