Worldwide Device as A Service (Daas) Market to Witness 60% CAGR Through 2025

January 08, 2021

According to the research report titled ‘Global Device as a Service (DaaS) Market Analysis, 2020’, available with Market Study Report LLC, global device as a service (DaaS) market is predicted to expand with a CAGR of 60% during the period of 2020-2025.

Surging demand for the service and rising start-up ecosystem are the key factors stimulating the growth of global device as a service (DaaS) market. In addition, mounting demand from government offices, healthcare organizations, and educational institutes is also contributing to the overall market outlook.

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Global device as a service (DaaS) market analysis provides substantial information related to the various growth stimulants, limitations & challenges, and additional expansion trends governing the growth matrix of this business space over the period of 2020-2025. It also compares past records and the current market trends in order to establish effective investment tactics in the upcoming years.

With that being said, the research report also highlights the several market segmentations such as by type, enterprise size, end user scope, and regional landscape. The document also acknowledges the industry participants, along with their market share and growth strategies implemented to sustain the competition in this business spectrum.

Based on type, global device as a service (DaaS) industry is classified into services, software, and hardware. The services segment is further divided into recovery & renewal services, configuration services, and deployment & maintenance. Among these, deployment & maintenance segment includes remote and onsite installation, data storage, data security & migration, etc. which are major revenue contributors of the services segment.

Meanwhile, global device as a service (DaaS) market share from software segment is slated to grow substantially, on account of increasing demand for diverse business software and data security software. Regular upgradation required in the software to meet the evolving business demands is further facilitating the business scenario.

With respect to enterprise size, the market is split into small enterprises, medium enterprises, and large enterprises. Moving on to end user scope, the industry is categorized into education, healthcare, BFSI, government, IT/ITES & Telecom, and others.

Considering the geographical landscape, global device as a service (DaaS) market is segmented into North America, Europe, Middle East & Africa, and Asia-Pacific. As per the report, North America accounted for a considerable share of the overall market in 2019. The timely technology upgradation in the region is responsible for increased acceptance of the service.

The major contenders impacting global device as a service (DaaS) market dynamics are Cloudalize, HCL Technologies, Amazon Web Services (AWS), Microsoft Corporation, Dell Technologies, Citrix Systems Inc., CompuCom Systems Inc., Hewlett Packard Enterprise (HPE), and Lenovo Group Ltd.

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