About Device as a Service
Device as a service (DaaS) is a system in which hardware components inbuilt with software and services are delivered to end-users on fixed monthly subscription rate. As enterprises are focusing on cutting down the cost of operations, there lies a huge opportunities for key players to expand their product portfolios. Amid negative belief about popularity of DaaS, Apple’s offering of upgradation program for iPhones where it provides AppleCare and others features have got huge success among consumers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Device as a Service is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Device as a Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Hewlett-Packard [United States], Microsoft Corporation [United States], VMware, Inc. [United States], Motorola Solutions, Inc. [United States], Citrix Systems, Inc. [United States], Plantronics [United States], Polycom [United States], Oracle Corporation [United States], Amazon, Inc. [United States] and Capgemini SE [France] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Accenture PLC [Ireland], Dell, Inc. [United States], Lenovo Group Ltd. [United States], SYNNEX Corporation [United States], NComputing [United States], Computers Now [Australia] and Connection [United States].
Segmentation Overview
AMA Research has segmented the market of Global Device as a Service market by Type (Desktop, Laptop, Tablet, Printer and Others) and Region.
On the basis of geography, the market of Device as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. BFSI will boost the Device as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Device as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. Cloud will boost the Device as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Device as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Focus Among Enterprises to Cut Down the Operational Cost, Offering of Premium Hardware Solutions by Large Companies at Low Cost and Migration of Services to Cloud
Market Growth Drivers:
Helps in Enhancing IT Efficiency Thus, Boosting Overall Efficiency and Reducing Total Cost of Ownership
Challenges:
Issue Related with Security of Devices From Potential Cyber-threat
Restraints:
Lack of Interoperability Among Different Devices
Opportunities:
Growing Adoption of DAAS Solution Among Small and Medium Enterprises and Rising Adoption of Bring Your Own Device (BYOD)
Market Leaders and their expansionary development strategies
In October 2023, Panasonic Connect Launched as A Service for Hardware. Panasonic Connect is rolling out its first official as-a-service model and two new services as the company redefines its mobility strategy for its robust channel community.
In March 2023, Foxway introduced the new device as a service solution for technology devices, which is delivered through an arrangement of monthly subscriptions. The service offer includes everything from procurement to device recovery.
Key Target Audience
Technology Investors, Research/Consultancy Firms, Original Equipment Manufacturers (OEMs), Government Bodies, Consumers, IT & Telecommunication Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.