Latest News- Device As A Service Market: Desktops is expected to lead the Device segment during 2025-2029

The Device As A Service Market is being driven by Increased adoption of bring-your-own-device (BYOD) concept

The Device As A Service Market is expected to grow at a CAGR of 34.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 498272.8 million. In today's business landscape, organizations are prioritizing workforce efficiency to enhance productivity and employee satisfaction. To achieve this, companies are embracing flexible work models, particularly the hybrid work model. This work model enables a harmonious blend of in-office, remote, and mobile workforces. By providing employees with the freedom to determine their work location and style, the hybrid model boosts productivity and job satisfaction. For businesses, this transition offers significant cost savings through reduced office space and maintenance expenses, as well as expanded access to a broader talent pool. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Device
  • Desktops
  • Laptops
  • Tablets
  • Others
• Component
  • Hardware
  • Software
  • Services
• Pricing Scheme
  • Subscription-based
  • Pay-as-you-go
• Deployment Type
  • Cloud-Based
  • On-Premises
• Geography
  • North America
    • Mexico
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased adoption of bring-your-own-device (BYOD) concept
• Rise in need for remote support across various organizations
• Advantages of device as a service

However, the market also witnesses some limitations, which are as follows:

• Issues associated with system integration
• Infrastructure-related constraints
• Network connectivity and latency issues

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Market Scope in Device As A Service Market Research Report

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Research Analysis Overview

The Device as a Service (DaaS) market offers on-demand services including service desk support, remote diagnostics, and disaster recovery. It encompasses software licensing, security patching, antivirus protection, firewall management, user authentication, data encryption, and data loss prevention. Network security, wireless security, mobile device security, endpoint security, application security, cloud security, security auditing, vulnerability management, threat intelligence, incident response, business continuity planning, data governance, data retention, data archiving, and data migration are also included. Advanced technologies such as cloud, hybrid cloud, software-defined networking, network virtualization, edge devices, smart factories, industrial automation, wearable technology, augmented reality, virtual reality, digital twins, blockchain technology, big data, predictive analytics, customer relationship management, and more are supported by DaaS providers.

Market Research Overview

The Device as a Service (DaaS) market encompasses businesses providing Device Lifecycle Management, Subscription Models, Managed Services, Remote Monitoring, Cloud-Based Management, and IoT Integration. This segment falls under the broader IT services market, which comprises companies offering IT consulting and system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. According to Technavio, the global IT consulting and other services market, which includes DaaS providers, will experience growth due to increasing government investments in advanced IT infrastructure, the shift towards subscription-based business models, and the rising demand for managed services and IoT integration.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/