Device-as-a-Service Market Shares, Strategy, and Forecasts, Worldwide!

Device-as-a-Service Market Shares, Strategy, and Forecasts, Worldwide!

Device-as-a-Service Industry Overview

The global device-as-a-service market size was valued at USD 30.75 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 37.8% from 2021 to 2028. 


The promising growth prospects of the market can be attributed to the growing demand for a subscription model that can allow end-users to switch from a capital expenditure-based model to an operating expenses-based model and acquire the latest technology. The increasing adoption of cloud services in developing countries is expected to drive market growth. Furthermore, the adoption of contact-based services and solutions by small and medium enterprises is expected to favor the growth of the market. The COVID-19 pandemic had a positive impact on the market. The pandemic significantly changed the work dynamics globally, compelling businesses to prioritize the adoption of the cloud and remote working practices to curb the spread of COVID-19 infections. Furthermore, the pandemic has encouraged digital transformation activities and the adoption of several technologies, boosting the adoption of the device-as-a-service (DaaS) model.


Gather more insights about the market drivers, restrains and growth of the Global Device-as-a-Service Market


DaaS enables timely upgrade and maintenance of software and hardware, allowing companies to reduce the IT burden; moreover, the model helps avoid technological obsolescence, ultimately enhancing productivity. Flexible structuring of device-as-a-service offers businesses to scale up/scale down device count and attached services. These factors are expected to drive the market over the forecast period.


Furthermore, the rapid adoption of the subscription model, higher policy compliance, increased user productivity, reduction in help desk spending, and the growing need for cost-efficient and secured devices have accelerated the market growth. The boost in the startup ecosystem is expected to drive the demand for the DaaS model. However, the lack of technical expertise and adoption of CYOD policies could hamper the growth of the market.


The device-as-a-service model is gaining popularity among large as well as small and medium enterprises as it allows them to lease hardware such as laptops, desktops, smartphones, and tablets with preconfigured software or services. The increased adoption of IoT is also expected to drive the demand for the model. Technological advancements, increasing penetration of high-speed networks, and growing advancements in web services are other factors expected to drive the growth of the Device-as-a-Service market.


Browse through Grand View Research's IT Services & Applications Industry Research Reports

  • Farming As A Service Market: The global farming as a service market size was valued at USD 2.71 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 14.5% from 2022 to 2030. 
  • Trade Management Software Market: The global trade management software market size to be valued at USD 1.43 billion by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% during the forecast period.


Device-as-a-Service Market Segmentation

Grand View Research has segmented the global device-as-a-service market based on offering, device type, organization, industry vertical, and region:

Device-as-a-Service Offering Outlook (Revenue, USD Billion, 2018 - 2028)

  • Hardware
  • Software
  • Service

Device-as-a-Service Device Type Outlook (Revenue, USD Billion, 2018 - 2028)

  • Desktop
  • Laptop, Notebook, and Tablet
  • Smartphone and Peripheral

Device-as-a-Service Organization Outlook (Revenue, USD Billion, 2018 - 2028)

  • Small and Medium Enterprise
  • Large Enterprise

Device-as-a-Service Industry Vertical Outlook (Revenue, USD Billion, 2018 - 2028)

  • Banking, Financial Services and Insurance (BFSI)
  • Educational Institution
  • Healthcare and Life Science
  • IT & Telecommunication
  • Public Sector and Government Office
  • Others

Device-as-a-Service Regional Outlook (Revenue, USD Billion, 2018 - 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa


Key Companies profiled:

Some of the prominent players operating in the global device-as-a-service market are:

  • Accenture
  • Acer Inc.
  • Apple Inc.
  • Cisco
  • Cognizant
  • Computacenter
  • Dell Technologies
  • Intel Corporation
  • Hewlett Packard
  • Lenovo


Order a free sample PDF of the Device-as-a-Service Market Intelligence Study, published by Grand View Research.



Priyal Mehta P

Priyal Mehta

Comments (0)

You Must Be Logged In To Comment