The Device-As-A-Service Global Market Report 2023, provides comprehensive information on the device-as-a-service market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global device-as-a-service market is expected to grow from $88.63 billion in 2022 to $117.34 billion in 2023 at a compound annual growth rate (CAGR) of 32.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services affecting many markets across the globe. The device-as-a-service market is expected to reach $359.71 billion in 2027 at a CAGR of 32.3%.
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Advanced technologies are key trends gaining popularity in the device-as-a-service market. Major companies operating in the device-as-a-service market are developing innovative technologies to sustain their position in the market. For instance, in January 2023, Social Mobile, a US-based enterprise mobility solution provider, launched Social Mobile ONE, a new device-as-a-service (DaaS) offering. This innovative technology is designed to help businesses of all sizes get the devices they need without worrying about upfront costs or ongoing maintenance. Additionally, it includes enterprise-grade hardware, device management software, managed mobility services, and cellular connectivity. Moreover, it is a cost-effective and easy-to-manage solution for businesses of all sizes. By using this technology, companies can avoid the high upfront costs of buying and managing mobile devices. They can also benefit from social mobile’s expertise in mobile security and management.
The device-as-a-service market is segmented:
1) By Device Type: Desktops, Laptops, Notebooks, Tablets, Smartphones And Peripherals
2) By Offering: Hardware, Software, Service
3) By Enterprise Size: Small And Medium Enterprise, Large Enterprise
4) By Industry Vertical: Banking, Financial Services And Insurance (BFSI), Educational Institutions, Healthcare And Life Sciences, IT And Telecommunication, Public Sector And Government Offices, Other Industry Verticals
North America was the largest region in the device-as-a-service market in 2022.
The table of contents in TBRC’s device-as-a-service market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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