DUBLIN--(BUSINESS WIRE)--The "Device-as-a-Service Market with COVID-19 Impact Analysis by Offering, Device Type (Desktops; Laptops, Notebooks, Tablets; Smartphones & Peripherals), Organisation Size, End User (IT & Telecommunication, BFSI and others) & Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The device-as-a-service market is expected to grow from USD 50.3 billion in 2021 to USD 303.6 billion by 2026; it is expected to grow at a CAGR of 43.2%
The device-as-a-service market has been witnessing significant growth over the past years, mainly owing to the rising demand for subscription-based models that help customers to convert the high cost of acquiring new technology from a capital expenditure (CapEx) to an operating expense (OpEx) and the ability to use the latest technologies and access customized services, including device configuration, installation, data migration, on-site support, and technology recycling, increasing demand.
In terms of market size, the hardware offering is expected to have the largest market share during the forecast period. The hardware devices offered under the device-as-a-service model include desktops, laptops, notebooks, tablets, smartphones, and peripherals. Hardware devices are important components of the device-as-a-service model.
A standard device-as-a-service model includes procurement, deployment, integration, managed services, and disposal of this hardware. Intensifying competition among OEMs to provide device-as-a-service to end users is leading to product launches and developments pertaining to hardware, software, and services.
The market for hardware is expected to grow significantly due to the increasing interest of enterprises in different types of hardware such as laptops, notebooks, and desktops combined in a single offering.
Moreover, IT infrastructure can quickly become outdated; it becomes a boon for mid-sized companies that cannot afford to upgrade technologies every few years. Thus, device-as-a-service models helps to update devices and refresh them according to their cycle.
Smartphones and peripherals device type to grow at highest CAGR during the forecast period.
IT executives are reluctant to deliver controls of departmental assets unless pressurized to do so. In an office workstation, younger employees prefer the use of mobile devices.
Moreover, most employees collaborate with each other through their smartphones. DaaS solutions for smartphones offer organizations the benefits of lower costs, access to recent technologies, more predictable prices, and strong enterprise security. The demand for smartphones has been flattening out over the past few years.
However, new paradigms like device-as-a-service, where users pay subscription fees to have the latest devices at all times, could change things. Peripherals such as a computer mouse or keyboard are usually bundled with other mains such as desktops and laptops.
Other types of peripherals that are provided as additional services in device-as-a-service models include expansion cards, graphics cards, image scanners, tape drives, microphones, loudspeakers, webcams, and digital cameras. Microsoft is one of the largest providers of peripherals in device-as-a-service solutions.
IT and Telecommunications end user to grow at the highest CAGR during the forecast period.
Access to secure, reliable, and high-performance IT devices are fundamental to operations of the IT and telecommunication industries; thus, the segment generates the most significant demand for IT devices such as desktops, laptops, tablets, notebooks, and smartphones. Moreover, the demand for constant updates of software and related services is more in this industry, thus contributing towards increased demand for device-as-a-service.
DaaS enables timely upgrade and maintenance of hardware and software, allowing companies to reduce IT burdens; moreover, it helps to avoid technological obsolescence, which ultimately enhances productivity. Moreover, due to the introduction of the internet of things (IoT), communication service providers (CSPs) are adopting more data-centric approaches that would enable smart devices to stay connected with the internet without any interruption. T
hus, telecommunication companies will be investing more in resources and provide the highest quality of network and services, which will indirectly help boost the adoption of more IT devices.
Moreover, with increasing awareness regarding the benefits offered by device-as-a-service and shifting preference from the CapEx model to the OpEx business model in a bid to reduce additional investments in IT infrastructure, the market for device-as-a-service is set to exhibit an upbeat growth outlook
North America to account for largest market share during the forecast period.
In 2020, North America accounted for the largest share of the device-as-a-service market, and a similar trend is expected to be witnessed during the forecast period. High demand for device-as-a-service from the IT and telecommunications end users is one of the major factors leading to the growth of the market in North America.
Various IT and telecommunication companies such as AT&T, Microsoft, and Apple, are based in this region. Besides, several companies offering device-as-a-service, including Dell Technologies (US), HP (US), and Microsoft (US), also have a presence in this region, which further adds to the growth of the device-as-a-service market in North America.
Companies Mentioned
- 3Stepit
- Apple
- Atea Global Services
- CHG Meridian
- Cisco
- Compucom
- Computacenter
- Computer Systems Australia (Csa)
- CSI Leasing
- Dell Technologies
- Econocom
- Excellence IT
- Foxway
- Greenflex
- Grenke
- Hemmersbach GmbH
- Hewlett Packard
- Hewlett Packard Enterprise
- Lenovo
- Microsoft
- PC Connection
- SHI International
- Softcat
- Starhub
- Synnex Corporation
- Telia Company
For more information about this report visit https://www.researchandmarkets.com/r/aw4ing
