Press Release Description

Global Device as a Service (DaaS) Market likely to grow at a CAGR of 56% during 2021-26

According to MarkNtel Advisors’ research report, “Global Device as a Service (DaaS) Market Analysis, 2021,” the market is likely to grow at a CAGR of 56% during 2021-26. The market growth attributes to the mounting trend of work-from-home culture due to the surging prevalence of the COVID-19 pandemic. Additionally, rising adoption of subscription-based service models and minimizing help desk volume entwined with the surging technological advancements, burgeoning development of web services, and increasing penetration of high-speed internet networks are other prime factors fueling the growth of the Device as a Service (DaaS) market across the globe.

Key Questions Answered in the Study

  1. What are the current and future trends in the Global Device as a Service (DaaS) market? 
  2. How has the industry been evolving in terms of geography and services adoption?
  3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the Global Device as a Service (DaaS) market?
  5. What are the customer orientation, purchase behavior, and expectations from the Global Device as a Service (DaaS) market service providers across various regions? 

Small Enterprises Dominated the Market

Based on the Enterprise Size, the market bifurcates into Large Enterprises, Medium Enterprises, and Small Enterprises. Among these, Small Enterprises acquired the largest market share in the Global Device as a Service (DaaS) market in the previous few years, owing to the rising trend of adopting operating expenses over capital expenditure model. Further, small enterprises have low capital, and hence, the use of the device-as-a-service model helps them minimize costs and maximize profits, thereby propelling the segment growth. 

“Global Device as a Service (DaaS) Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Device as a Service (DaaS) providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.    

Asia-Pacific Exhibits Fastest Growth

Region-wise, the Asia-Pacific region is likely to register the fastest growth in the Global Device as a Service (DaaS) market during 2021-26. It owes to the large workforce working in the IT sector in the region. In addition to this, outsourcing of plum contracts to large firms in China and India are other critical aspects likely to accelerate market growth, reveals MarkNtel Advisors in their research report, “Global Device as a Service (DaaS) Market Analysis, 2021.”

According to MarkNtel Advisors, the leading players in the Global Device as a Service (DaaS) Market are Lenovo, Hewlett Packard, CompuCom, Citrix, Dell Technologies, Microsoft Corporation, Amazon Web Services, HCL, and Cloudalize.

Market Segmentation:

  1. By Type (Hardware [Desktop, Laptop, Tablets, Telephones, Others], Software [Business Software, Security, Asset Management, Monitoring & Reporting Analytics], Services [Deployment & Maintenance, Configuration Services, Recovery & Renewal Services])
  2. By Enterprise Size (Large Enterprises, Medium Enterprises, Small Enterprises)
  3. By End-User (IT/ITES & Telecom, Government, BFSI, Healthcare, Education, Others)
  4. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa)
  5. By Country (U.S, Canada, Brazil, Argentina, Germany, France, The U.K, China, India, Japan, UAE, South Africa)
  6. By Competitors (Lenovo, Hewlett Packard, CompuCom, Citrix, Dell Technologies, Microsoft Corporation, Amazon Web Services, HCL, Cloudalize)