What Transformation Has the Device-As-A-Service Market Undergone?
The device-as-a-service market has seen considerable growth due to a variety of factors.
•In recent times, there has been an astronomical expansion in the device-as-a-service market size. The market is projected to rise from $152.54 billion in 2024 to a staggering $200.37 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 31.3%.
The significant growth during the historic phase can be linked to aspects like digital transformation of enterprises, cost-effectiveness and predictable costs, emphasis on main competencies, adaptable working conditions, and management of devices at the end of their lifecycle.
How Will The Device-As-A-Service Market Size Evolve In The Foreseeable Future?
The device-as-a-service market is expected to maintain its strong growth trajectory in upcoming years.
• The value of the device-as-a-service market is anticipated to surge significantly over the coming years. By 2029, it's predicted to reach a market size of $653.19 billion, representing a compound annual growth rate (CAGR) of 34.4%.
This anticipated growth during the forecast period can be linked to factors such as a focus on sustainability, tightening budget restrictions, the evolution of data privacy rules, changing business paradigms along with the growth of edge computing. The forecast period will also witness trends such as subscription-based business models, comprehensive device management, the ability to customize and scale, data analysis and insights, collaborations, partnerships, and tools for remote monitoring and maintenance.
Which Key Drivers Are Propelling The Device-As-A-Service Market's Growth?
The device-as-a-service market is predicted to expand due to the increased uptake of subscription-based service models. These business models have clients paying a continuous subscription fee to use a service for a set duration. A well-known example of this model in action is the device-as-a-service, providing businesses with a holistic solution to access and administer their device infrastructure. Regular payments, cost efficiency, scalability, and simplified device administration characterize the model. For example, in July 2022, eLabs Inc., a software company from Canada, reported that 53% of total software revenue was produced from subscription models in 2022. Additionally, 78% of individual global industries leveraged subscription services. Furthermore, it is expected that in the next ten years, the subscription economy will hit $1.3 trillion. Consequently, the device-as-a-service market's growth is being fueled by the increased adoption of subscription-based service models.
What Are The Key Segments Within The Global Device-As-A-Service Market?
The device-as-a-service market covered in this report is segmented –
1) By Device Type: Desktops, Laptops, Notebooks, Tablets, Smartphones And Peripherals
2) By Offering: Hardware, Software, Service
3) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Educational Institutions, Healthcare And Life Sciences, IT And Telecommunication, Public Sector And Government Offices, Other Industry Verticals
Subsegments:
1) By Desktops: All-In-One Desktops, Traditional Desktops
2) By Laptops: Business Laptops, Gaming Laptops, Ultrabooks
3) By Notebooks: Standard Notebooks, 2-In-1 Notebooks
4) By Tablets: Standard Tablets, Rugged Tablets
5) By Smartphones And Peripherals: High-End Smartphones, Mid-Range Smartphones, Budget Smartphones, Printers, Monitors, Keyboards And Mice, Docking Stations
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How Are New Trends Impacting The Size Of The Device-As-A-Service Market?
Innovative technologies are the main trends in the device-as-a-service market, rapidly gaining attention. To stay competitive in the market, major companies involved in the device-as-a-service sector are producing unique technological solutions. For instance, Social Mobile, an Enterprise mobility solution provider based in the US, launched its new device-as-a-service offering, Social Mobile ONE, in January 2023. This groundbreaking technology is tailored to support businesses of varying sizes, enabling them to acquire the devices they need without concerns about upfront costs or continual maintenance. Furthermore, it encompasses enterprise-level hardware, device management software, managed mobility services, and mobile connectivity. It presents a budget-friendly and effortless solution for businesses to manage. Utilizing this technology aids companies in evading the costly initial investment involved in the purchase and management of mobile devices while leveraging Social Mobile’s proficiency in mobile security and management.
Who Are the Key Players in the Device-As-A-Service Market?
Major companies operating in the device-as-a-service market include:
• Apple Inc.
• Acer Inc.
• Samsung
• Microsoft Corporation
• Dell Inc.
• Lenovo Group Limited
• Intel Corporation
• SYNNEX Corporation
• Accenture plc
• Cisco Systems Inc.
• Hewlett Packard Development Company L.P.
• Capgemini
• Cognizant
• DXC Technology
• Vmware Inc.
• Swisscom AG
• Telia Company AB
• Computacenter plc.
• Atea Global Services Ltd.
• Citrix Systems Inc.
• CompuCom Systems Inc.
• Yorktel
• EMPIST
• Portsmouth Computer Group
• Sunstate Technology Group
• Trust Technology Solutions
• Insight Enterprises Inc.
What are the Regional Insights into the Device-As-A-Service Market?
North America was the largest region in the device-as-a-service market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the device-as-a-service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
