The size of the global device as a service market, estimated at USD 22.22 billion in 2022, is expected to increase by USD 154.93 billion by 2030, representing a CAGR of 27.9% over the forecast period from USD 27.62 billion in 2023. To propel market expansion, North America accounted for the lion's share.
Device as a Service is the subscription-based provision of IT management services and hardware, such as computers, smartphones, and mobile devices. With the help of its affordable subscription-based service, businesses can equip their remote teams with the tools they require. By choosing this model, businesses can lower capital expenditures while at the same time ensuring that their infrastructure is suitable for their changing needs.
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Which company dominates the Global Device as a Service Market?
- Dell Technologies (U.S.)
- Lenovo (China)
- HP Development Company, L.P. (U.S.)
- Microsoft Corporation (U.S.)
- CompuCom Systems, Inc. (U.S.)
- Atea Global Services Ltd. (Latvia)
- Computacenter plc (U.K.)
- RingCentral, Inc (U.S.)
- Intel Corporation (U.S.)
- Accenture (Ireland)
What are the factors driving the growth of the Device as a Service Market?
The market is being stimulated by the quick adoption of subscription-based services. Customers who subscribe to the Device as a Service (DaaS) model can convert high technology costs into operating expenses (OpEx). Cash can be made available for revenue-generating strategies for SMEs, mid-sized businesses, and large corporations. In addition, extra advantages can be obtained, including adherence to legal requirements, accessibility to installation, the newest technologies, device configuration, data migration, onsite support, and technology recycling.
What are the market's geographic insights for the Device as a Service Market?
This market is divided into South America, North America, Europe, Asia Pacific, the Middle East, and Africa on a regional basis.
Due to the presence of major players in nations like the U.S., Canada, and Mexico, where new technologies have been adopted quickly, North America held a significant share of the device as a service market in 2022, according to the analysis. Regarding governmental guidelines and regulations for SMEs and large businesses, the regional market is also feasible. Additionally, it is anticipated that rising demand for IT hardware in a number of different industry sectors, including telecommunications and IT, will support market expansion. Additionally, it is anticipated that business expansions in the area will aid in the market's growth.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Device as a Service Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Device as a Service Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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