Global Device as a Service Market - Growth Drivers, Opportunities and Forecast Analysis to 2023
Summary -
A new market
study, titled “Global Device as a Service Market
- Growth Drivers,
Opportunities and Forecast Analysis to 2023” has been featured on WiseGuyReports.
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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