Device As A Service Market Size to grow by USD 631687.5 million between 2024-2028

The Device As A Service Market is segmented by Device (Desktops, Laptops, Tablets, and Others), Component (Hardware, Software, and Services), and Geography (North America, APAC, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 631687.5 million, at a CAGR of 46.02% during the forecast period. There are several companies that are contributing to the market as per this report. Growing demand for work flexibility .

By Device, the Desktops segment is projected to dominate the market size in 2024

The Device as a Service (DaaS) market refers to the provision of hardware devices and related services on a subscription basis. Businesses can leverage DaaS to optimize their IT infrastructure, reduce capital expenditures, and ensure device standardization and security. DaaS providers offer flexible contracts, device management, and software updates, enabling organizations to focus on their core competencies while maintaining an efficient technology environment.

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By Component, Hardware segment is expected to hold the largest market size for the year 2024

The Device as a Service (DaaS) market signifies a significant shift in IT procurement, enabling businesses to access hardware and related services on a subscription basis. This model offers numerous advantages, including predictable costs, simplified asset management, and the latest technology upgrades. By outsourcing device management, companies can focus on their core competencies, improving operational efficiency and reducing IT-related risks.

Why is North America forecasted to hold the largest regional market size in 2024?

The Device as a Service (DaaS) market refers to the provision of hardware devices and related services on a subscription basis. This business model allows organizations to outsource the management and maintenance of their IT devices, enabling them to focus on their core competencies. DaaS offers several advantages, including cost savings, improved device performance, and enhanced security. By partnering with DaaS providers, businesses can optimize their IT infrastructure and ensure a seamless user experience.

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Research Analysis Overview

The Device as a Service (DaaS) market is a rapidly growing segment in the IT and Telecommunication industry, particularly in the context of work dynamics shifting towards remote teams and contact-based services becoming more prevalent in developing countries. DaaS offers organizations an operating expenses-based model for procuring and managing IT equipment, including smartphones, laptops, and peripherals, as opposed to the traditional capital expenditure-based model. The latest technology, such as cloud services and the WaaS (Workspace as a Service) model, plays a significant role in the DaaS market. Sprint Connect and Accenture are among the key players in this space. With the increasing adoption of subscription models, users can access the latest devices and software without incurring large capital costs. However, the DaaS market also presents new challenges, such as cyberattacks and data security concerns. Cloud computing services are a crucial component of DaaS, but they also introduce new vulnerabilities. User productivity is a key consideration, as remote teams require reliable and secure access to devices and applications. Overall, the DaaS market offers significant benefits for organizations looking to streamline their IT operations and reduce capital costs.

Market Research Overview

The IT services market encompasses a range of companies providing consulting and system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. Amongst this, the IT consulting and other services segment represents those organizations offering IT consulting and information management solutions. According to Technavio, the market size for IT consulting and other services is determined by the consolidated revenue generated by businesses delivering all types of IT consulting and information management services. This figure includes the annual revenues derived from executed IT service contracts. Key growth drivers for the global IT consulting and other services market include escalating government investments in modernizing IT infrastructure to address skills gaps within public sector organizations. - The Device As A Service Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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