Global Device as a Service (DaaS) Market Outlook, Prospect and Future 2023
Summary - A new market study, titled “Global Device as a Service
(DaaS) Market Research Report Forecast to 2023”has been featured on
WiseGuyReports.
Device as a service (DaaS) is an emerging service model
developed by HP Inc. It is defined as management of hardware devices such as
personal computers (PCs), laptops, desktops, tablets or mobile phones, as well
as the software that are required for various operations in an enterprise. A
DaaS provider offers services under a single contract to a customer for a
monthly subscription fee. It is gaining popularity among enterprises to
minimize the IT expenses, particularly for IT hardware infrastructure.
Enterprises across industries are engaged in an array of
work processes such as managing inventories; they are in constant need to work
on a secure IT environment. To remedy this, enterprises are outsourcing IT
solutions such as device procurement and lifecycle management from their vendor
partners and IT solutions providers. This trend is popularly known as device as
a service (DaaS) which is adopted by the enterprises to reduce their IT load.
The adoption of DaaS solution is at a burgeoning stage and large IT firms such
as HP Inc. and Microsoft have embraced the trend significantly. Moreover, the
market is driven by the increasing need to lower the capital expenditure
(capex) and operational expenditure (opex) by enterprises along with
significant adoption of contract-based services and solutions by SMEs.
Furthermore, the increasing adoption of IoT is expected to be a better prospect
for the DaaS market during the forecast period. However, the increasing
adoption of BYOD and CYOD policies among SMEs, and lack of technical expertise,
and increasing security concerns are expected to influence the growth of the
DaaS market during the assessment period.
The global DaaS market is expected to reach USD 66,129.9
billion by 2023 growing at a 54.7% CAGR over the forecast period 2018–2024
Key Players
Some of the key players of device as a service market are HP
Development Company, L.P (US), Microsoft Corporation (US), Dell Inc. (US),
Amazon Web Services, Inc. (US), Lenovo (China), Citrix Systems (US),
Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), SHI
International Corporation (US).
Segmentation
The global DaaS market has been segmented on the basis of
component, deployment mode, organization size, and vertical.
Based on component, the device as a service market has been
sub-segmented into hardware, software, and services. The hardware segment of
the DaaS market has been categorized into desktops, laptops, printers, and
others. Furthermore, on the basis of service, the global DaaS market has been
segmented into professional services and managed services. On the basis of
deployment mode, the global device as a service market has been segmented into
cloud and on-premise. On the basis of organization size, the market has been
segmented into large enterprise and small- and medium-sized enterprise. On the
basis of industry vertical, the device as a service market has been segmented
into BFSI, healthcare, IT & telecom, retail, manufacturing, education,
government, and others.
Regional Analysis
Geographically, the device as a service market has been
segmented into four different regions namely North America, Asia-Pacific,
Europe, and the rest of the World.
North America was dominating the device as a service market
in 2018. Also, the US is the leading country and is projected to gain the
largest market share in the device as a service market. The market growth is
attributed to the presence of industry giants such as HP Development Company,
L.P, Microsoft Corporation, Dell Inc., and early adopters of the technology.
Furthermore, Asia-Pacific is expected to witness the fastest growth which is
attributed to the presence of active players in China, Japan, South Korea,
India, and Hong Kong. The companies in Asia-Pacific are Lenovo (Hong Kong),
SAMSUNG (South Korea), ZTE Corporation (China), Fujitsu (Japan), and others.
Other key industry players of this market are expanding their services to the
Asia-Pacific market by collaborating with channel partners and resellers. China
is expected to be a leading region in the market during the forecast period.
China, Japan, and other emerging countries are adopting advanced technologies
and are preparing for the complications in changing process and procedures for
DaaS.
Key Findings
• The global DaaS market is expected to reach USD 66,129.9
million by 2023
• By component, the services segment is expected to grow at
a significant rate of CAGR during the forecast period. Under the hardware
segment of DaaS market, the desktop segment accounted for the largest market
share of 58.5% in 2017, with a market value of USD 1,944.4 million.
• By deployment mode, the cloud segment is expected to
account for the larger market share and is presumed to remain the same over the
next few years.
• By organization size, small- and medium-sized enterprises
are expected to account for the largest market share during the assessment
period. However, the large enterprises segment is projected to exhibit a CAGR
of 51.9%.
• Geographically, North America region held the largest
market share of 50.1% in 2017, whereas Asia-Pacific is likely to be the fastest
growing region in the DaaS market.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4232242-global-device-as-a-service-daas-market-research-report-forecast-to-2023
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