Device as a Service (DaaS) Market Overview
The device as a service (DaaS) market is anticipated to witness healthy growth from 2020 – 2027, a research report suggests. Growing at a CAGR of 55.8%, the market is projected to reach US$190,163.86 million by 2027. Reducing CAPEX and OPEX in enterprises is expected to support the market growth along with the need for disseminating software upgrades. As predicted by analysts, adoption of BYOD and CYOD will negatively affect the market’s performance from 2020 – 2027. During the forecast period, the market will be supported by elimination of device purchases and adoption of IoT. The market research study provides details of market dynamics affecting the market, market size, and segmentation, device as a service (DaaS) market forecast and casts a shadow over the major market players
Customers choosing their own models on the other hand will challenge computing technologies sector based organizations functioning in the global device as a service (DaaS) market. Analysts have split the market into verticals, components, and organizations segments based on products and services. Computing technologies based companies have been profiled. The lack of skilled human resources is set to affect the global market during the forecast period 2020 – 2027. The report also provides the market’s performance forecasts till 2027. Strategies of computing technologies based companies are studied. The computing technologies sector itself is supported by the penetration of IoT in large enterprises as well as high demand across industry verticals. During the forecast period 2020 – 2027, the device as a service (DaaS) market is set to witness a health growth across verticals, components, and organizations segments as well as regional markets.
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Device as a Service (DaaS) Market Segmentation
By Component
- Hardware to be the In-demand Segment
The hardware segment is likely to dominate the global DaaS market owing to the distribution of laptops for employees. Cloud technology is expected to provide the necessary stimulus to the market as remote work becomes the norm.
By Organization
- SMEs to Generate Maximum Revenue
Small and mid size enterprises can form the major customer base over the forecast period owing to implementing the outsourcing of desktop PCs to improve productivity and lower expenses. The large number of devices and need for a central management system for tracking and monitoring can invoke the demand for DaaS.
By Vertical
- IT & Telecom to Spur Demand for DaaS
The IT & telecom segment is expected to be the biggest revenue generator of the DaaS market owing to the proliferation of IT companies and the use of software in all strata of life. Presence of software development teams globally and their need in formulating applications for alleviating the burden on public and private sectors can induce the need for DaaS. Moreover, outsourcing of procurement of devices and other hardware equipment can drive the segment demand in the global market.
Device as a Service (DaaS) Market Regional Overview
Computing technologies market based companies in the device as a service (DaaS) market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The growing application areas will be a key growth driver for regional markets. However, the lack of demand from developing countries will turn out to be a threat. For the forecast period 2020 – 2027. Each of these regional markets are studied in the report. Starting from North America, the regional market and computing technologies vertical based companies are spread across the United States, Mexico, and Canada.
The lack of effective communication will turn out to be a major challenge from 2020 – 2027. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growth of communication channels as well as the surging usage across different industries, suggests the report. Similarly, the computing technologies sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the device as a service (DaaS) market covers the Middle East and Africa. The global device as a service (DaaS) market forecasts based on the findings are presented for the forecast period till 2027.
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Device as a Service (DaaS) Market Competitive Landscape
The global device as a service (DaaS) market research report brings a comprehensive study of verticals, components, and organizations market segments, regional analysis, and computing technologies vertical based company details of key players. As the forecast period 2020 – 2027 will bring new opportunities for the market owing to advancements in technology and increasing awareness levels, the market is set to grow at a compound annual growth rate of 55.8% and is predicted to reach a value of US$190,163.86 million by 2027. With SWOT analysis of computing technologies sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the shifting preference for cheaper alternatives and the increasing demand for highly skilled professionals, companies in the computing technologies sector can change the way business is done.
List of Key Companies Covered in this Report
- Microsoft (U.S.)
- Apple Inc. (U.S.)
- Dell Inc. (U.S.)
- Capgemini (France)
- Amazon Web Services Inc. (U.S.)
- HP Development Company L.P. (U.S.)
- CompuCom Systems Inc. (U.S.) And so on…
Table Of Content
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 18
2 MARKET INTRODUCTION
2.1 DEFINITION 19
2.2 SCOPE OF THE STUDY 19
2.3 RESEARCH OBJECTIVE 19
2.4 MARKET STRUCTURE 20
3 RESEARCH METHODOLOGY
4 MARKET INSIGHTS
5 MARKET DYNAMICS
Continued…
OverviewDevice as a Service (DaaS) Market size can touch a value of USD 190,163.86 Million by 2027, according to the latest report by Market Research Future (MRFR).
It stood at USD 9,843.8 million in 2019.
The market is anticipated to expand at 11% CAGR over the forecast period.
The global device as a service (DaaS) market is expected to witness substantial growth during the forecast period, primarily due to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) among enterprises and the adoption of contract-based services and solutions by SMEs.Device as a Service (DaaS) Market Regional AnalysisThe geographic analysis of the device as a service (DaaS) market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4486North America accounted for the largest market share of 45.5% in 2019, with a market value of USD 4,378.8 million; the market is expected to register a CAGR of 52.3% during the forecast period.
Asia-Pacific was the second-largest market in 2019, valued at USD 2,408.6 million; the market is projected to exhibit a CAGR of 59.2%.Device as a Service (DaaS) Market Competitive AnalysisThe key players of the global device as a service (DaaS) market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).Device as a Service (DaaS) Market Segmental AnalysisThe global device as a service (DaaS) market has been segmented based on component, organization size, vertical, and region.Check Discount @ https://www.marketresearchfuture.com/check-discount/4486By component, the global market has been segmented into hardware, solution (software), and services.
The services segment is further bifurcated into professional services and managed services.By organization size, the global market for DaaS is segmented into large enterprises and small and medium enterprises.Based on vertical, the global device as a service (DaaS) market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others.
OverviewThe device as a service (DaaS) market is anticipated to grow by US$190,163.8 Million by 2026 rapidly growing at a CAGR of 55.8% during the forecast period.
The global device as a service (DaaS) market is driven by rapid adoption of subscription-based services and reduction in help desk volume.
These factors have helped shape the device as a service (DaaS) market and are expected to boost the growth.
Companies in the Device as a Service Market could also face challenges such as low investments in developing IoT solutions and lack of a solid cloud infrastructure.
device as a service (DaaS) market analysts have also shared growth projections in the report and have suggested device as a service (DaaS) market players to plan growth strategies accordingly.Market SegmentationThe global device as a service (DaaS) market has been segmented based on organization size, component, and vertical.
The performance of device as a service (DaaS) market has also been studied for the past and current years.
Market HighlightsThe global DaaS industry is expected to reach 66,129.9 million by 2023, growing at a CAGR of 54.7% during the forecast period (2018–2023).
In this report, Market Research Future (MRFR) includes segmentation and market dynamics to offer a better glimpse of the market in the coming years.The adoption of contract-based services and solutions by SMEs is driving the growth of the DaaS Industry.
This offers SMEs greater flexibility, lower operational costs, and eliminates the requirement for IT personnel; furthermore, it also enables enterprises to focus on their business objectives, rather on hardware devices.
In June 2016, HP launched a DaaS program—HP DaaS—that helps enterprises reduce the IT costs in terms of procurement, deployment, and management of the technical capabilities of devices.
Through this launch, Microsoft’s cloud solution provider partners offer these devices through a managed service offering all its resellers and customers Office 365, Windows 10, and relevant independent software on a subscription basis.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4486Furthermore, the device as a service (DaaS) model offers numerous benefits to the SMEs .
This also helps SMEs with simpler lifecycle management and more updated devices with the latest technological capabilities.SegmentationThe global Device as a Service (Daas) Industry has been segmented into component, deployment mode, organization size, vertical, and region.Based on the component, the DaaS market has been segmented into hardware, solution, and services.
Data as a Service Market, Deployment (Public, Private, Hybrid), Organization Size (SME, LE), End User (BFSI, Healthcare, Retail, IT & Telecom), Pricing Model (Volume-Based Model, Data Type-Based Model), Solution, Professional Services — Forecast till 2027Market HighlightsAccording to Market Research Future (MRFR), the global data as a service (DaaS) market is projected to achieve USD 12 billion at a CAGR of 39% from 2020 to 2027 (forecast period).
The study offers a complete assessment of the global situation, the economic situation, and the COVID-19 analysis of the overall industry.Data as a service (DaaS) is a model that offers on-demand data to users regardless of the geography or organization of the provider and the consumer.
DaaS is a cost-effective responsive service that enables companies to concentrate on selling their products rather than sourcing, managing, and activating data.Businesses need new capabilities to support themselves in the market and to build a competitive edge for themselves.
Due to rapid technological change, companies are turning to cloud-based services to help their businesses minimize the costs of building, running, and protecting applications, thereby accelerating business agility.Market DynamicsThe factors responsible for driving the market are the increasing adoption of big data analytics across various industry verticals and the increasing demand for real-time data analytics.
Initiatives like Bring Your Own Device (BYOD) and Enterprise Mobility are critical opportunities in the data as a service (DaaS) industry.
The industry also faces a variety of obstacles, including data theft and cyber-attacks, and a lack of technological knowledge in data as a service (DaaS) that could potentially impede the market growth.Cloudera has extended its Altus Data Science platform as a service offering to the Azure cloud.
