Device as a Service Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Device as a Service (DaaS) Market
The device as a service (Daas) market size was valued at USD 27.62 billion in 2023, and the market is now projected to grow from USD 34.65 billion in 2024 to USD 226.73 billion by 2032, exhibiting a CAGR of 26.5% during the forecast period of 2024-2032.
The COVID-19 pandemic multiplied virtual transformation, prompting companies to undertake Device as a Service (DaaS) fashions. This method gives value-powerful solutions for handling and provisioning gadgets crucial for far flung work. With accelerated reliance on digital equipment, DaaS enables companies to correctly provide personnel with important devices at the same time as optimizing IT spending. This fashion underscores the importance of bendy and scalable answers in adapting to evolving work environments.
The pandemic has fueled a surge in digital transformation, leading to vast adoption of Device as a Service (DaaS) fashions amongst companies. DaaS streamlines device control and provisioning, catering to the desires of far off paintings setups. It's a cost-effective solution that ensures green distribution of gadgets at the same time as maximizing IT price range utilization. This shift highlights the need for adaptable solutions to satisfy the needs of evolving work landscapes.
The rising demand for work flexibility, notably thru hybrid models, drives the adoption of Device as a Service (DaaS) services. This shift enables agencies to successfully control their staff, reducing office fees whilst expanding the skills pool. Hybrid models beautify worker flexibility, productivity, and job pride, aligning with the evolving options in paintings preparations. Studies, like Microsoft's, suggest a good sized portion of employees thinking about far off or hybrid alternatives, emphasizing the developing importance of flexible work solutions like DaaS.
Comprehensive Analysis of Device as a Service (DaaS) Market
The device as a service (DaaS) market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by offering analysis, by enterprise type analysis, by end-user analysis. By offering analysis include services and hardware, by enterprise type analysis include large enterprises and small&medium, by end user analysis include BFSI, education, healthcare and life sciences, IT and telecommunications, government and public, and others.
The North America region lead the device as a service (DaaS) market share by benefitting a market size of USD 9.73 billion in 2023 due to growing demand for startups and increasing internet penetration.
The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players include, Dell Technologies, Lenovo, HP Development Company, Microsoft Corporation, CompuCom Systems, Atea Global Services Ltd., Computacenter plc, RingCentral, Inc, Intel Corporation, Accenture, these market players provide a level-playing competitive landscape.
In January 2024, Jio Financial Services Ltd., an Indian firm, introduced a Device as a Service (DaaS) financial model for corporates, offering laptops, phones, and airfiber on finance and operating leases.
Segmentation Table
Attribute Details
Study Period 2019-2032
Estimated Year 2024
Base Year 2023
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.6% from 2024 to 2032
Unit Value (USD Million)
Segmentation By Cooling Type
Passive
Fan-based
By Industry
IT
Telecom
Aviation
Defense & Military
Oil & Gas
Manufacturing
Marine
Energy & Power
Others (Mining, Healthcare, Retail)
By Region
North America (By Cooling Type, By Industry, and By Country)
- U.S.
- Canada
- Mexico
South America (By Cooling Type, By Industry, and By Country)
- Brazil
- Argentina
- Rest of South America
Europe (By Cooling Type, By Industry, and By Country)
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Benelux
- Nordics
- Rest of Europe
Middle East & Africa (By Cooling Type, By Industry, and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of MEA
Asia Pacific (By Cooling Type, By Industry, and By Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Device as a Service Key Players Market Share/Ranking, 2023
- 5. Global Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Offering (USD)
- 5.2.1. Hardware
- 5.2.1.1. Desktops/PCs
- 5.2.1.2. Laptops
- 5.2.1.3. Notebooks and Tablets
- 5.2.1.4. Others (Smartphones and Peripherals, etc.)
- 5.2.2. Services
- 5.3. By Enterprise Type (USD)
- 5.3.1. Large Enterprises
- 5.3.2. Small & Medium Enterprises (SMEs)
- 5.4. By End-Users (USD)
- 5.4.1. BFSI
- 5.4.2. IT and Telecommunications
- 5.4.3. Education
- 5.4.4. Healthcare and Life Sciences
- 5.4.5. Government and Public
- 5.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Offering (USD)
- 6.2.1. Hardware
- 6.2.1.1. Desktops/PCs
- 6.2.1.2. Laptops
- 6.2.1.3. Notebooks and Tablets
- 6.2.1.4. Others (Smartphones and Peripherals, etc.)
- 6.2.2. Services
- 6.3. By Enterprise Type (USD)
- 6.3.1. Large Enterprises
- 6.3.2. Small & Medium Enterprises (SMEs)
- 6.4. By End-Users (USD)
- 6.4.1. BFSI
- 6.4.2. IT and Telecommunications
- 6.4.3. Education
- 6.4.4. Healthcare and Life Sciences
- 6.4.5. Government and Public
- 6.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. By End-Users
- 6.5.2. Canada
- 6.5.2.1. By End-Users
- 6.5.3. Mexico
- 6.5.3.1. By End-Users
- 7. South America Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Offering (USD)
- 7.2.1. Hardware
- 7.2.1.1. Desktops/PCs
- 7.2.1.2. Laptops
- 7.2.1.3. Notebooks and Tablets
- 7.2.1.4. Others (Smartphones and Peripherals, etc.)
- 7.2.2. Services
- 7.3. By Enterprise Type (USD)
- 7.3.1. Large Enterprises
- 7.3.2. Small & Medium Enterprises (SMEs)
- 7.4. By End-Users (USD)
- 7.4.1. BFSI
- 7.4.2. IT and Telecommunications
- 7.4.3. Education
- 7.4.4. Healthcare and Life Sciences
- 7.4.5. Government and Public
- 7.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. By End-Users
- 7.5.2. Argentina
- 7.5.2.1. By End-Users
- 7.5.3. Rest of South America
- 8. Europe Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Offering (USD)
- 8.2.1. Hardware
- 8.2.1.1. Desktops/PCs
- 8.2.1.2. Laptops
- 8.2.1.3. Notebooks and Tablets
- 8.2.1.4. Others (Smartphones and Peripherals, etc.)
- 8.2.2. Services
- 8.3. By Enterprise Type (USD)
- 8.3.1. Large Enterprises
- 8.3.2. Small & Medium Enterprises (SMEs)
- 8.4. By End-Users (USD)
- 8.4.1. BFSI
- 8.4.2. IT and Telecommunications
- 8.4.3. Education
- 8.4.4. Healthcare and Life Sciences
- 8.4.5. Government and Public
- 8.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 8.5. By Country (USD)
- 8.5.1. U.K.
- 8.5.1.1. By End-Users
- 8.5.2. Germany
- 8.5.2.1. By End-Users
- 8.5.3. France
- 8.5.3.1. By End-Users
- 8.5.4. Italy
- 8.5.4.1. By End-Users
- 8.5.5. Spain
- 8.5.5.1. By End-Users
- 8.5.6. Rest of Europe
- 9. Middle East & Africa Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Offering (USD)
- 9.2.1. Hardware
- 9.2.1.1. Desktops/PCs
- 9.2.1.2. Laptops
- 9.2.1.3. Notebooks and Tablets
- 9.2.1.4. Others (Smartphones and Peripherals, etc.)
- 9.2.2. Services
- 9.3. By Enterprise Type (USD)
- 9.3.1. Large Enterprises
- 9.3.2. Small & Medium Enterprises (SMEs)
- 9.4. By End-Users (USD)
- 9.4.1. BFSI
- 9.4.2. IT and Telecommunications
- 9.4.3. Education
- 9.4.4. Healthcare and Life Sciences
- 9.4.5. Government and Public
- 9.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 9.5. By Country (USD)
- 9.5.1. GCC
- 9.5.1.1. By End-Users
- 9.5.2. South Africa
- 9.5.2.1. By End-Users
- 9.5.3. Rest of Middle East & Africa
- 10. Asia Pacific Device as a Service Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Offering (USD)
- 10.2.1. Hardware
- 10.2.1.1. Desktops/PCs
- 10.2.1.2. Laptops
- 10.2.1.3. Notebooks and Tablets
- 10.2.1.4. Others (Smartphones and Peripherals, etc.)
- 10.2.2. Services
- 10.3. By Enterprise Type (USD)
- 10.3.1. Large Enterprises
- 10.3.2. Small & Medium Enterprises (SMEs)
- 10.4. By End-Users (USD)
- 10.4.1. BFSI
- 10.4.2. IT and Telecommunications
- 10.4.3. Education
- 10.4.4. Healthcare and Life Sciences
- 10.4.5. Government and Public
- 10.4.6. Others (Manufacturing, Media and Entertainment, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. By End-Users
- 10.5.2. Japan
- 10.5.2.1. By End-Users
- 10.5.3. India
- 10.5.3.1. By End-Users
- 10.5.4. South East Asia
- 10.5.4.1. By End-Users
- 10.5.5. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Dell Technologies
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Lenovo
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. HP Development Company, L.P.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Microsoft Corporation
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. CompuCom Systems, Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Atea Global Services Ltd.
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Computacenter plc
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. RingCentral, Inc
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Intel Corporation
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Accenture
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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