Global Device-as-a-Service (DaaS) Market Research Report: Forecast (2022-2027)

Market Overview

With the mounting requirements to offer extraordinary workplace experiences and the emergence of entirely new working styles, organizations are adopting transformative workplace solutions that cater to the growing need for diverse workforces. One of the solutions that can define future offices is Device as a Service. It refers to delivering IT equipment like PCs, smartphones, and management services as a paid subscription and, in turn, simplifying IT management by outsourcing this model to DaaS providers.

According to MarkNtel Advisors, the Global Device as a Service (DaaS) Market is anticipated to witness around 56% CAGR during 2022-27. The increasing cost pressure that forces the IT department of organizations to optimize device usage negatively impacts their capability of deploying the latest digital workplace solutions. Hence, the demand for DaaS is growing astronomically for better device management. In addition, the lack of expertise among organizations to assess the latest workplace solutions is also fueling the DaaS adoption across various regions.

Moreover, DaaS helps lower the cost of owning a device for usage & assist in cost predictability while providing value-added services to enhance the user experience. Further, Device as a Service provides operational flexibility by enabling organizations to deploy devices as per their needs. Hence, these factors are leading to the increasing adoption of the Device as a Service model and driving the global market, further states the research report, “Global Device as a Service (DaaS) Market Analysis, 2022.”

Key Trends in the Global Device as a Service (DaaS) Market:

• Adoption of Mobile Applications: Corporate firms are now witnessing a steady growth in work from home culture and engaging in developing mobile applications for cross-platforms. Users can store the app data either on the cloud or on-premises, authenticate customers, and send push notifications anytime from anywhere. It, in turn, has helped the DaaS market to grow across many countries.
• Desktop Replacement & Remote Offices: Due to reduced management costs and improved Total Cost of Ownership (TCO) with validated & highly optimized desktop virtualization platform & cloud-scale architecture, there is a subtle increase in the demand for DaaS. Old desktops are now being replaced by rental subscriptions based on DaaS, which enhances user efficiency. Furthermore, IT organizations run remotely with less hassle through Centralized Desktop Management offered by DaaS.

Impact of Covid-19 on the Global Device as a Service (DaaS) Market

• Last year, the Covid-19 pandemic positively influenced the demand for the Device as a Service model, owing to the work-from-home culture among most organizations worldwide.
• Due to the lockdown imposition, organizations started looking for services that can provide pre-configured devices like desktops & laptops and help them seamlessly continue their business operations.
• Moreover, the demand for DaaS also increased among small & medium-size enterprises amidst the pandemic to reduce their expenses associated with hardware and invest in their sales & marketing strategies.
• Nevertheless, with the emergence of the remote working, the procurement of laptops has witnessed a significant surge in recent years.