Overview

The 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 (DaaS) market could also face challenges such as low investments in developing IoT solutions and lack of a solid cloud infrastructure. The details covered in the device as a service (DaaS) market report cover all the aspects of the industry. 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.

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Market Segmentation

The global device as a service (DaaS) market has been segmented based on organization size, component, and vertical. On the basis of organization size, the market for device as a service (DaaS) is segmented based on SMEs and large enterprises. Additionally, the market on the basis of components, is segmented into solutions (software), hardware, and services. The global market for device as a service (DaaS) is also covered based on vertical segment which is further split into IT & telecommunication, BFSI, manufacturing, retail, education, government, healthcare, and others.

Factors like increased end-user productivity and higher policy compliance support the device as a service (DaaS) market growth. The performance of device as a service (DaaS) market has also been studied for the past and current years. Additionally, the Device as a Service Market Size report provides analysis of these segments. The Device as a Service (DaaS) segmental analysis provided in the report offers major details about the device as a service (DaaS) market performance and future.

Regional Analysis

Geographically, the global device as a service (DaaS) market, has been studied among the key regions of Europe, North America, Asia-Pacific, and the Middle East & Africa, and South America.

North America is the leading region with a high market share in the DaaS market. Market growth is attributed to the incidence of many DaaS vendors that offer local and international clients services. The leading players in the region are LP, Microsoft Corporation, HP Development Company, Plantronics, Inc., and SHI International Corporation that operate across the region.

Europe was the third-largest market in the DaaS market in the year 2017. Europe has been segmented into Germany, the UK, France, and the rest of Europe. As per the MRFR analysis, the UK is likely to gain the highest market share, followed by Germany, France, and the rest of Europe. Some factors responsible for market growth include a boost in the number of connected devices with the increasing adoption of IoT across all verticals. In fact, DaaS is rapidly being deployed by enterprises in the retail, IT and telecommunication, and BFSI verticals at present in Europe.

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Industry News

Nvidia revealed intentions to purchase SoftBank for $40 billion from Cambridge, and opposition has since called on policymakers and regulators to scrutinise the transaction. The CMA reported that it encourages third parties to comment on the effect of the agreement on competition in the UK. Later this year before the commencement of a formal inquiry.

Competitive Landscape

The device as a service (DaaS) market is supported by presence of active players in many regional markets and expansion of business operations by key industry players. The population growth around the world and increasing demand of device as a service (DaaS) market based services and products also support the market growth. However, the device as a service (DaaS) market growth can be affected due to high monthly fee and lack of awareness. The report covers all such details which will help companies in the device as a service (DaaS) market to strengthen their business plan and improve their product portfolio. The device as a service (DaaS) market research report also provides company profiles of major companies. The company profile of organizations operating in the device as a service (DaaS) market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the device as a service (DaaS) market. New entrants and established players can plan their strategies based on this data provided in the device as a service (DaaS) market research report.

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