Market Snapshot
Covid-19 Impact on Device as a Service Market set to expand at a CAGR of 54.7% during the forecast period (2017-2023) projects Market Research Future (MRFR) in its latest report. Some of the important elements associated with DaaS boom include growing number of connected devices, and IoT integration.
Enterprise are inclining towards DaaS for reducing IT expenses, expected for IT hardware infrastructure. Increased used on technology in business management has resulted in increased spending in IT infrastructure. Such as factors can be linked the burgeoning operational expenses (Opex) and capital expenditure (Capex). This is prompting enterprises to adopt DaaS solutions to reduce operational expenditure and capital investment. Moreover, DaaS help businesses to manage hardware (mobile phones, laptops, tablets, PCs, desktops, etc.) and software.
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Growing need for technical expertise in enterprises for mobile device management and endpoint management tools is influencing the global device as a service market. DaaS offer businesses with better assistance and maintenance support from a vendor, reducing additional IT staff cost. In addition, adoption of DaaS reduces technical complexities and reduce expenditure on device procurement and deployment.
Segmentation
MRFR’s report offers are comprehensive segmental analysis of the Covid-19 Impact on Device as a Service Market based on deployment mode, component, industry vertical, organization size, and region.
- By deployment mode, the market has been segmented into on-premises and cloud. The cloud segmented commands for the lion’s share of the market and this trend in likely to continue for the next couple of years. In addition, the segment is projected to post the strongest CAGR.
- By component, the market has been segmented into services, solution and hardware. Of these, the hardware segment commanded the largest share of the market in 2017. Meanwhile, the service segment is projected to capture the fastest CAGR of 60.4% during the assessment period.
- By industry verticals, the market has been segmented into healthcare, government, manufacturing, IT & telecom, BFSI, education, retail and others. In 2017, The IT & telecom segment commanded the highest market in term of revenue. It is projected that the segment will grow at a 57.3% CAGR during the assessment period. In terms of revenue, the BFSI segment is holds the second spot and is expected to exhibit the strongest CAGR during the forecast period.
- By organization size, the market has been segmented into large enterprise and small and medium enterprise. In 2017, the small and medium enterprise segmented represent the most significant market share in terms of revenue. Additionally, the segmented into expected to surge at a sound CAGR of 56.1% during the review period.
Key Players:
The prominent players in device as a service market are – Hewlett-Packard (U.S.), Microsoft Corporation (U.S.), VMware, Inc. (U.S.), Motorola Solutions, Inc. (U.S.), Citrix Systems, Inc. (U.S.), Plantronics (U.S.), Polycom (U.S.), Oracle Corporation (U.S.), Amazon, Inc. (U.S.), Capgemini SE (France) are the profiled companies in the report.
Also, Accenture PLC (Ireland), Dell, Inc. (U.S.), Lenovo Group Ltd. (U.S.), SYNNEX Corporation (U.S.), NComputing (U.S.), Computers Now (Australia), Connection (U.S.) are few other major players in the device as a service market. These companies have not been profiled in our study, but it can be taken up as a part of customization, as per client requirements.
Market Research Analysis:
Based on region, the global device as a service market is segmented into five key regions namely South America, Asia Pacific (APAC), Europe, North America and the Middle East & Africa (MEA). In terms of revenue, North America is currently the most attractive market for DaaS. This is primarily due to the widespread presence of DaaS vendor across the region. These vendors not only operate domestically but have a massive offshore presence. Europe is another important market for DaaS and accounts for significant market share in terms of revenue. Countries such as Germany, France, and the U.K. are among the to destinations for market players. In Europe, DaaS is becoming increasingly popular in sector such as BFSI, retail and IT and telecommunication.
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TABLE OF CONTENTS
1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Device As A Service (DaaS) Market, By Component
1.1.2 Global Device As A Service (DaaS) Market, By Organization Size
1.1.3 Global Device As A Service (DaaS) Market, By Industry Vertical
1.2 Global Device As A Service (DaaS) Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4 Market Insight
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Rising Need To Reduce The Capital Expenditure (Capex) And Operational Expenditure (Opex) Among Enterprises
5.2.2 Adoption Of Contract-Based Services And Solutions By SMEs
5.2.3 Drivers Impact Analysis
5.3 Restraints
5.3.1 Adoption Of BYOD And CYOD Policies
5.3.2 Lack Of Technical Expertise And Security Concerns
5.3.3 Restraints Impact Analysis
5.4 Opportunities
5.5 Increasing Adoption Of IoT
Continued…
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Market growth is driven mainly by factors such as the increased funds & grants by government bodies worldwide for the development of novel biomaterials, rising demand for medical implants, and the rising incidence of cardiovascular diseases, increasing research on regenerative medicine.
In addition, high growth is expected for plastic surgery and wound healing applications, which will further drive the growth of the biomaterials market in the coming years.
[298 Pages Report] The global biomaterials market size is projected to reach USD 47.5 billion by 2025 from USD 35.5 billion in 2020, at a CAGR of 6.0% during the forecast period.This study involved four major activities in estimating the current size of the biomaterials market.
Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market.
The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research.Market DynamicsIncreased funds and grants by government bodies and universities for the development of novel biomaterials Increasing demand for implantable devices Growing demand for biomaterials in plastic surgery and wound healing applicationsRising incidence of cardiovascular diseasesIncreasing research on regenerative medicineCOVID-19 impact on the biomaterials marketCOVID-19 is an infectious disease caused by the most recently discovered novel coronavirus.
With the World Health Organization (WHO) officially declaring the outbreak of COVID-19 a pandemic, a mix of established pharmaceutical and biopharmaceutical companies, as well as small startups, have stepped forward to develop treatments and vaccines that target the infection caused by the novel coronavirus.The coronavirus outbreak disrupted business and economic activities globally in the first quarter of 2020.
The report "Covid-19 Impact On Cybersecurity Market by Technology (Network Security, Application Security, Endpoint Security, Cloud Security, Database Security, Web Security, ICS Security), Vertical, Region - Global Forecast to 2021", size is expected to grow from USD 183.2 billion in 2019 to USD 230.0 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 12.0% during the forecast period.
The market growth can be attributed to increasing focus on cybersecurity-driven business continuity plans to provide optimized security to customer data and operations that are being handled by the companies.
Increasing focus on cybersecurity as a critical business imperative and not just as a support function is expected to further drive the market with a higher wallet share for security policies and infrastructure.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128702677Manufacturing vertical to see less growth during the forecast period in the cybersecurity marketAs the COVID-19 crisis continues to expand, manufacturers would likely face challenges on numerous fronts.
Manufacturing companies would be looking for immediate measures to keep their workforces safe and their businesses solvent.
As the COVID-19 pandemic intensifies, manufacturers would likely face continued downward pressure on demand, production, and revenues.
They would also face cash-flow liquidity challenges and difficulties in managing debt obligations.China is the manufacturing hub for almost all raw material requirements across the globe; the COVID-19 pandemic has affected the global economy and disrupted supply chains.
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According to the new market research report on the "COVID-19 Impact on Display Panel Market by Product (PC Monitors, Tablets, Smartphones, Wearables, Automotive Displays, TVs, and Large Screen), Industry, and Region - Global Forecast to 2025", Post-COVID-19, the global display panel market is projected to grow from USD 107.0 billion in 2020 to reach USD 152.0 billion by 2025, at a CAGR of 7.3%.
The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.Factors that drive the growth of the post-COVID-19 display panel market include the growing acceptance of the work-from-home norm, rising focus of regional financial institutions to design fiscal policies for keeping the display market floating during the COVID-19 crisis, shifting manufacturing units to less affected regions, increasing demand for 4K and 8K displays with the availability of UHD content, surging adoption of OLED displays in smartphones and rising demand for flexible display panels, increasing investments for the construction of new OLED and LCD panel manufacturing facilities.
The booming automotive displays industry and increasing focus on the development of energy-efficient, attractive, and high-end-specification display products using advanced technologies such as OLED and AMOLED are the other key factors that foster the demand for display panels.
Browse 4 market data Tables and 52 Figures spread through 120 Pages and in-depth TOC on "COVID-19 Impact on Display Panel Market - Global Forecast to 2025"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203916699 Demand for PC monitors and tablets would increase amidst pandemic crisis during forecast period The display panel industry for PCs, monitors, and tablets is expected to grow at a high CAGR from 2020 to 2025.
An increase in working from home and online activities meant a rise in demand for products such as monitors, laptops, and tablets.
Limited supply and high demand have increased the costs of components, with domestic components being priced at 30% higher than Chinese components.
