Summary - A new market study, titled “Global Device as a Service (DaaS) Market Research Report Forecast to 2023”has been featured on WiseGuyReports.
Device as a service (DaaS) is an emerging service model developed by HP Inc. It is defined as management of hardware devices such as personal computers (PCs), laptops, desktops, tablets or mobile phones, as well as the software that are required for various operations in an enterprise. A DaaS provider offers services under a single contract to a customer for a monthly subscription fee. It is gaining popularity among enterprises to minimize the IT expenses, particularly for IT hardware infrastructure.
Enterprises across industries are engaged in an array of work processes such as managing inventories; they are in constant need to work on a secure IT environment. To remedy this, enterprises are outsourcing IT solutions such as device procurement and lifecycle management from their vendor partners and IT solutions providers. This trend is popularly known as device as a service (DaaS) which is adopted by the enterprises to reduce their IT load. The adoption of DaaS solution is at a burgeoning stage and large IT firms such as HP Inc. and Microsoft have embraced the trend significantly. Moreover, the market is driven by the increasing need to lower the capital expenditure (capex) and operational expenditure (opex) by enterprises along with significant adoption of contract-based services and solutions by SMEs. Furthermore, the increasing adoption of IoT is expected to be a better prospect for the DaaS market during the forecast period. However, the increasing adoption of BYOD and CYOD policies among SMEs, and lack of technical expertise, and increasing security concerns are expected to influence the growth of the DaaS market during the assessment period.
The global DaaS market is expected to reach USD 66,129.9 billion by 2023 growing at a 54.7% CAGR over the forecast period 2018–2024
Key Players
Some of the key players of device as a service market are HP Development Company, L.P (US), Microsoft Corporation (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Citrix Systems (US), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), SHI International Corporation (US).
Segmentation
The global DaaS market has been segmented on the basis of component, deployment mode, organization size, and vertical.
Based on component, the device as a service market has been sub-segmented into hardware, software, and services. The hardware segment of the DaaS market has been categorized into desktops, laptops, printers, and others. Furthermore, on the basis of service, the global DaaS market has been segmented into professional services and managed services. On the basis of deployment mode, the global device as a service market has been segmented into cloud and on-premise. On the basis of organization size, the market has been segmented into large enterprise and small- and medium-sized enterprise. On the basis of industry vertical, the device as a service market has been segmented into BFSI, healthcare, IT & telecom, retail, manufacturing, education, government, and others.
Regional Analysis
Geographically, the device as a service market has been segmented into four different regions namely North America, Asia-Pacific, Europe, and the rest of the World.
North America was dominating the device as a service market in 2018. Also, the US is the leading country and is projected to gain the largest market share in the device as a service market. The market growth is attributed to the presence of industry giants such as HP Development Company, L.P, Microsoft Corporation, Dell Inc., and early adopters of the technology. Furthermore, Asia-Pacific is expected to witness the fastest growth which is attributed to the presence of active players in China, Japan, South Korea, India, and Hong Kong. The companies in Asia-Pacific are Lenovo (Hong Kong), SAMSUNG (South Korea), ZTE Corporation (China), Fujitsu (Japan), and others. Other key industry players of this market are expanding their services to the Asia-Pacific market by collaborating with channel partners and resellers. China is expected to be a leading region in the market during the forecast period. China, Japan, and other emerging countries are adopting advanced technologies and are preparing for the complications in changing process and procedures for DaaS.
Key Findings
- The global DaaS market is expected to reach USD 66,129.9 million by 2023
- By component, the services segment is expected to grow at a significant rate of CAGR during the forecast period. Under the hardware segment of DaaS market, the desktop segment accounted for the largest market share of 58.5% in 2017, with a market value of USD 1,944.4 million.
- By deployment mode, the cloud segment is expected to account for the larger market share and is presumed to remain the same over the next few years.
- By organization size, small- and medium-sized enterprises are expected to account for the largest market share during the assessment period. However, the large enterprises segment is projected to exhibit a CAGR of 51.9%.
- Geographically, North America region held the largest market share of 50.1% in 2017, whereas Asia-Pacific is likely to be the fastest growing region in the DaaS market.
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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.
DaaS (Desktop as a Service) has emerged as a viable and comprehensive solution for enterprises.DaaS deployment and management, typically, is a specialized task requiring a complex set of skills and resources.
