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Device-as-a-Service Market is Anticipated to Grow US$ 480.98 Bn By 2030

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The global Device-as-a-Service market is expected to grow at a CAGR of around 480.98% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 480.98 billion by 2030.

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Growth Factors

 The growth can be attributed to the increasing adoption of the subscription-based services model, which allows organizations to invest in strategic planning instead of purchasing hardware devices that require upgrades every few years. Furthermore, an increase in the number of start-ups and the rising awareness about the device-as-a-service (DaaS) model among small and medium-size enterprises are expected to drive market growth. The market is expected to witness growth opportunities across industry verticals such as life science and healthcare, banking and financial institution, and education.

Report Coverage

Report Scope Details
Market Size USD 480.98 billion by 2030
Growth Rate CAGR of 40.8% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Offering, Device type, Organization, Industry Vertical
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Accenture; Acer Inc.; Apple Inc.; Cisco; Cognizant; Computacenter; Dell technologies; Intel Corporation; Hewlett Packard; Lenovo

Report Highlights

Based on offering, the market is segmented into hardware, software, and service. The hardware segment dominated the market in 2020 and accounted for over 40% of the overall revenue share. The hardware segment includes desktops, laptops, tablets, notebooks, smartphones, and peripherals.

The service segment is anticipated to expand at the highest CAGR during the forecast period. The device-as-a-service model includes services such as support and maintenance. It consists of a set of device lifecycle services, including deployment & integration, installation, asset recovery services, and maintenance and repair as per the requirement of the end-user.

Based on organization, the market has been segmented into small and medium enterprise and large enterprise. The small and medium enterprise segment accounted for the highest revenue share of over 60% in 2020.

The small and medium enterprise segment is also estimated to expand at the highest CAGR of over 38.0% from 2021 to 2030. Small and medium enterprise owners and IT leaders have an array of tasks, including managing inventories and avoiding cyberattacks.

Based on Industry Vertical, the market has been further segmented into Banking, Financial Services and Insurance (BFSI), educational institution, healthcare and life science, IT and telecommunication, public sector, and government offices, and others.

The IT and telecommunication segment dominated the market with a revenue share of over 26% in 2020. The IT and telecommunications vertical consists of internet service providers, telecommunication companies, cable companies, and satellite companies.

The IT and telecommunication segment is also expected to expand at the highest CAGR over the forecast period. The growing awareness about the DaaS model and its benefits, along with the shift in preference to the OpEx model in a bid to reduce investment in IT infrastructure, are expected to drive the growth of the segment over the forecast period.

Based on device type, the market has been segmented into desktop; laptop, notebook and tablet and smartphone and peripheral. The desktop segment dominated the market in 2020 with a revenue share of more than 40%.

The smartphone and peripheral segment is expected to register the highest CAGR over the forecast period. Device-as-a-service solutions for smartphones offer organizations the benefits of using the latest technologies, lower cost of usage, and enterprise security.

North America accounted for the highest revenue share of 31% in 2020. North America is one of the first adopters of the latest technologies such as cloud computing, the IoT, and new service models such as device-as-a-service.

Asia Pacific is expected to expand at the highest CAGR over the forecast period. Asia Pacific is home to some of the fastest-growing economies, such as India and China.

Key Players

  • Accenture
  • Acer Inc.
  • Apple Inc.
  • Cisco
  • Cognizant
  • Computacenter
  • Dell Technologies
  • Intel Corporation
  • Hewlett Packard
  • Lenovo

Market Segmentation

  • Offering
    • Hardware
    • Software
    • Service
  • Device Type
    • Desktop
    • Laptop, Notebook, and Tablet
    • Smartphone and Peripheral
  • Organization
    • Small and Medium Enterprise
    • Large Enterprise
  • Industry Vertical
    • Banking, Financial Services and Insurance (BFSI)
    • Educational Institution
    • Healthcare and Life Science
    • IT & Telecommunication
    • Public Sector and Government Office
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Device-as-a-Service Market, By Offering

7.1.  Device-as-a-Service Market, by Offering, 2021-2030

7.1.1.    Hardware

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Software

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Service

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Device-as-a-Service Market, By Device Type

8.1.  Device-as-a-Service Market, by Device Type, 2021-2030

8.1.1.    Desktop

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Laptop, Notebook, and Tablet

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Smartphone and Peripheral

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Device-as-a-Service Market, By Organization

9.1.  Device-as-a-Service Market, by Organization, 2021-2030

9.1.1.    Small and Medium Enterprise

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Large Enterprise

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Device-as-a-Service Market, By Industry Vertical

10.1.        Device-as-a-Service Market, by Industry Vertical, 2021-2030

10.1.1.  Banking, Financial Services and Insurance (BFSI)

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Educational Institution

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Healthcare and Life Science

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  IT & Telecommunication

10.1.4.1.      Market Revenue and Forecast (2017-2030)

10.1.5.  Public Sector and Government Offic

10.1.5.1.      Market Revenue and Forecast (2017-2030)

10.1.6.  Others

10.1.6.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Device-as-a-Service Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Offering (2017-2030)

11.1.2.  Market Revenue and Forecast, by Device Type (2017-2030)

11.1.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.1.4.  Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Offering (2017-2030)

11.2.2.  Market Revenue and Forecast, by Device Type (2017-2030)

11.2.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.2.4.  Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Offering (2017-2030)

11.3.2.  Market Revenue and Forecast, by Device Type (2017-2030)

11.3.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.3.4.  Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Offering (2017-2030)

11.4.2.  Market Revenue and Forecast, by Device Type (2017-2030)

11.4.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.4.4.  Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Offering (2017-2030)

11.5.2.  Market Revenue and Forecast, by Device Type (2017-2030)

11.5.3.  Market Revenue and Forecast, by Organization (2017-2030)

11.5.4.  Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Offering (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Device Type (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Organization (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by Industry Vertical (2017-2030)

Chapter 12.  Company Profiles

12.1.              Accenture

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Acer Inc.

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              Apple Inc.

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Cisco

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Cognizant

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Computacenter

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Dell Technologies

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Intel Corporation

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Hewlett Packard

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Lenovo

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

Glossary of Terms

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