Device-as-a-Service (DaaS) Market Overview: 2024-2030

Base Year: 2023

Historical Years: 2019-22

Forecast Years: 2024-30

The Device-as-a-Service (DaaS) Market size is estimated to grow at a CAGR of around 25.75% during the forecast period, i.e., 2024-30. The factors attributing to the growth of the Device-as-a-Service are the increasing usage of DaaS solutions in end-user industries like BFSI, IT & Telecom, etc., and the rising government initiatives for digitalization. In recent years, the internet penetration of countries like India, China, the UAE, etc., has significantly increased. 

Markntel Advisor’s Device-as-a-Service (DaaS) Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Device-as-a-Service (DaaS) Market drivers, barriers, Device-as-a-Service (DaaS) Market Trends, and Key Players in Device-as-a-Service (DaaS) Market.

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Device-as-a-Service (DaaS) Market Dynamics: 2024-2030

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.

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Device-as-a-Service (DaaS) Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

• By Type
  • Hardware- (Market Size & Forecast 2019-2030, (USD Million)
    • Desktop- (Market Size & Forecast 2019-2030, (USD Million)
    • Laptop- (Market Size & Forecast 2019-2030, (USD Million)
    • Tablets- (Market Size & Forecast 2019-2030, (USD Million)
    • Telephones- (Market Size & Forecast 2019-2030, (USD Million)
    • Others (Printers, etc.) – (Market Size & Forecast 2019-2030, (USD Million)
  • Software- (Market Size & Forecast 2019-2030, (USD Million)
    • Business Software- (Market Size & Forecast 2019-2030, (USD Million)
    • Security- (Market Size & Forecast 2019-2030, (USD Million)
    • Asset Management- (Market Size & Forecast 2019-2030, (USD Million)
    • Monitoring & Reporting Analytics- (Market Size & Forecast 2019-2030, (USD Million)
  • Services
    • Deployment & Maintenance- (Market Size & Forecast 2019-2030, (USD Million)
    • Configuration Services- (Market Size & Forecast 2019-2030, (USD Million)
    • Recovery & Renewal Services- (Market Size & Forecast 2019-2030, (USD Million)
  • By Enterprise Size
    • Large Enterprises- (Market Size & Forecast 2019-2030, (USD Million)
    • Medium Enterprises- (Market Size & Forecast 2019-2030, (USD Million)
    • Small Enterprises- (Market Size & Forecast 2019-2030, (USD Million)
  • By End User
    • IT/ITES & Telecom- (Market Size & Forecast 2019-2030, (USD Million)
    • Government- (Market Size & Forecast 2019-2030, (USD Million)
    • BFSI- (Market Size & Forecast 2019-2030, (USD Million)
    • Healthcare- (Market Size & Forecast 2019-2030, (USD Million)
    • Education- (Market Size & Forecast 2019-2030, (USD Million)
    • Others- (Market Size & Forecast 2019-2030, (USD Million)
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the Device-as-a-Service (DaaS) Market:

• Lenovo
• Hewlett Packard
• CompuCom
• Citrix
• Dell Technologies
• Microsoft Corporation
• Amazon Web Services
• HCL
• Cloudalize
• Accenture
• Yorktel
• CDW
• Others

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