The Global Device as a Service (DaaS) Market is expected to grow at a CAGR of around 56% in the forecast period of 2022-27, says MarkNtel Advisors in their research report. DaaS helps organizations reduce the cost of owning the hardware devices like desktops, tablets, mobile phones, etc. It also provides additional benefits like software, services, etc., on the monthly subscription basis. The adoption of DaaS mitigates the need for the IT expertise department, as there is one provider responsible to look into all devices & associated software. Hence, DaaS provides a holistic solution to organizations, thereby allowing them to scale up their hardware over time.
The DaaS model has great potential for both its providers & end-users. It provides its customers with flexibility & freedom from device management. On the other hand, service providers gain a more predictable revenue stream and reduced outsourcing costs through re-deployment, further states the research report, “Global Device as a Service (DaaS) Market Analysis, 2022.”
Hardware-based DaaS Dominated the Market, Growing Demand for Software & Service-based DaaS
With the rising need to enhance flexibility, the demand for Hardware devices like pre-configured laptops, smartphones, and tablets has significantly increased in recent years. However, the demand for Software & Security Services, along with their deployment, is growing at an astronomical pace, which, in turn, is helping in reducing the cost of device management with updated software for organizations.
The DaaS model includes a wide range of maintenance & support services, such as installation, deployment, and integration of hardware & software. DaaS providers also offer asset recovery & other maintenance services as per user requirements.
Services like customized insurance packages that can protect devices against accidental theft or damage help reduce customers’ hassles. In addition, DaaS offers a vast knowledge base of the device lifecycle, which makes license renewals and warranty management a lot easier. Further, constant monitoring service can help businesses proactively identify & solve issues in their devices, thereby helping them eliminate the severe effects of device downtime on business continuity.
“Global Device as a Service (DaaS) Market Analysis, 2022” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Extensive Presence of Prominent Industry Leaders in the US to Drive the North America Market during 2022-27
Geographically, North America held the largest share of the Device as a Service Market. Increasing demand for DaaS in the IT & Telecom industry is augmenting the regional market growth. The adoption of the DaaS model across North America started with small organizations having 10-100 employee strength.
These organizations migrated to this service model, prominently with the evolution of their service partners offering hosting and data & managed desktop services. With the rapid adoption of services offered by the DaaS model, organizations have experienced increased efficiency of their service levels. Moreover, the mounting adoption of DaaS among educational institutes and healthcare & government offices, especially across the US, has also been driving the regional market, reveals MarkNtel Advisors in their research report, “Global Device as a Service (DaaS) Market Analysis, 2022.”
According to MarkNtel Advisors, the leading industry players in the Global In-Cabin Automotive Artificial Intelligence Market are Lenovo, Hewlett Packard, CompuCom, Citrix, Dell Technologies, Microsoft Corporation, Amazon Web Services, HCL, & Cloudalize.
Key Questions Answered in the Study
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