As per current published report by Markntel Advisors the Device-as-a-Service (DaaS) Market is estimated to grow at a CAGR of around 25.75% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Device-as-a-Service (DaaS) Market Driver:
Expansion of IT & Telecom Companies Augmenting the Demand for the DaaS – In recent years, government investments to improve digital infrastructure have significantly amplified customer experiences. According to the Ministry of Communications and Information Technology, in 2023, the government of Saudi Arabia announced an investment of around USD 16 billion in research, development, and innovation. Similarly, the government & private entities in other countries like Malaysia, India, and others have also invested heavily in their digital infrastructure. These investments have helped to accelerate internet penetration in these countries and consequently led to higher internet users across the globe. According to the Data Reportal, in 2023, the total number of internet users globally reached around 5.35 billion, an increase of around 250 million users compared to 2022. This surge in internet users is augmenting the need for robust and reliable connectivity solutions. As a result, IT & Telecom companies have been expanding their network infrastructure to deploy high-speed broadband and enhance mobile connectivity. For instance,
- In 2024, Airtel, a telecommunications company, announced its plan to expand into African countries.
These IT & Telecom companies necessarily require solutions that scale their device deployments based on business needs. Therefore, companies use DaaS solutions to ensure optimal device performance and reduce downtime, driving the Global Device-as-a-Service (DaaS) Market.
The Device-as-a-Service (DaaS) Market has segmented the market into the following categories:
By Type
(Hardware, Software, Services),
By Enterprise Size
(Large Enterprises, Medium Enterprises, Small Enterprises),
By End User
(IT/ITES & Telecom, Government, BFSI, Healthcare, Education, Others)
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-By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Competitive Environment Featuring Key Players:
Lenovo, Hewlett Packard, CompuCom, Citrix, Dell Technologies, Microsoft Corporation, Amazon Web Services, HCL, Cloudalize, Accenture, Yorktel, CDW, Others
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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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