Device as a Service Market 2019 Global Size, Share, Trends, Growth Factors, Sales Revenue, Top Leaders and Industry Expansion Strategies 2023
Market Research Future published a research report on “Device as a Service Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – June 21, 2019 /MarketersMedia/ —
Overview
The global DaaS market is expected to reach 66,129.9 million by 2023, growing at a CAGR of 54.7% during the forecast period (2018–2023). In this report, Market Research Future (MRFR) includes segmentation and market dynamics to offer a better glimpse of the market in the coming years.
The adoption of contract-based services and solutions by SMEs is driving the growth of the DaaS market. The DaaS model is developed particularly for the small and enterprises (SMEs), as they are unable to cope with the additional cost associated with IT support and maintenance services. Moreover, the device-as-a-service is a subscription-based model where vendors offer their hardware devices on lease and manage all types of support services such as deployment, device management, and support services. This offers SMEs greater flexibility, lower operational costs, and eliminates the requirement for IT personnel; furthermore, it also enables enterprises to focus on their business objectives, rather on hardware devices. DaaS also allows SMEs with latest technology upgrading capabilities, greater stability, and visibility on IT costs to manage and maintain devices such as PCs and tablets. In June 2016, HP launched a DaaS program—HP DaaS—that helps enterprises reduce the IT costs in terms of procurement, deployment, and management of the technical capabilities of devices. Furthermore, Microsoft Corporation launched Surface as a Service for surface tablets. Through this launch, Microsoft’s cloud solution provider partners offer these devices through a managed service offering all its resellers and customers Office 365, Windows 10, and relevant independent software on a subscription basis.
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Furthermore, the device-as-a-service model offers numerous benefits to the SMEs . As with all subscription-based services, the DaaS model allows SMEs to purchase hardware devices such as desktops, laptops and/or mobile devices as per requirement basis and change subscription plans with respect to the number of devices. This also helps SMEs with simpler lifecycle management and more updated devices with the latest technological capabilities.
Key Players:
The prominent players in Device as a Service Market are – Hewlett-Packard (U.S.), Microsoft Corporation (U.S.), VMware, Inc. (U.S.), Motorola Solutions, Inc. (U.S.), Citrix Systems, Inc. (U.S.), Plantronics (U.S.), Polycom (U.S.), Oracle Corporation (U.S.), Amazon, Inc. (U.S.), Capgemini SE (France) are the profiled companies in the report.
Also, Accenture PLC (Ireland), Dell, Inc. (U.S.), Lenovo Group Ltd. (U.S.), SYNNEX Corporation (U.S.), NComputing (U.S.), Computers Now (Australia), Connection (U.S.) are few other major players in the device as a service market. These companies have not been profiled in our study, but it can be taken up as a part of customization, as per client requirements.
Segmental Overview
MRFR’s report offers are comprehensive segmental analysis of the global device as a service market based on deployment mode, component, industry vertical, organization size, and region.
• By deployment mode, the market has been segmented into on-premises and cloud. The cloud segmented commands for the lion’s share of the market and this trend in likely to continue for the next couple of years. In addition, the segment is projected to post the strongest CAGR.
• By component, the market has been segmented into services, solution and hardware. Of these, the hardware segment commanded the largest share of the market in 2017. Meanwhile, the service segment is projected to capture the fastest CAGR of 60.4% during the assessment period.
• By industry verticals, the market has been segmented into healthcare, government, manufacturing, IT & telecom, BFSI, education, retail and others. In 2017, The IT & telecom segment commanded the highest market in term of revenue. It is projected that the segment will grow at a 57.3% CAGR during the assessment period. In terms of revenue, the BFSI segment is holds the second spot and is expected to exhibit the strongest CAGR during the forecast period.
• By organization size, the market has been segmented into large enterprise and small and medium enterprise. In 2017, the small and medium enterprise segmented represent the most significant market share in terms of revenue. Additionally, the segmented into expected to surge at a sound CAGR of 56.1% during the review period.
Regional Analysis
Based on region, the global device as a service market is segmented into five key regions namely South America, Asia Pacific (APAC), Europe, North America and the Middle East & Africa (MEA). In terms of revenue, North America is currently the most attractive market for DaaS. This is primarily due to the widespread presence of DaaS vendor across the region. These vendors not only operate domestically but have a massive offshore presence. Europe is another important market for DaaS and accounts for significant market share in terms of revenue. Countries such as Germany, France, and the U.K. are among the to destinations for market players. In Europe, DaaS is becoming increasingly popular in sector such as BFSI, retail and IT and telecommunication.
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Key questions addressed by the report
• What was the historic market size (2017)?
• Which segmentation (component/deployment mode/organization size/industry vertical) are driving market?
• What will be the growth rate by 2023?
• Who are the key players in this market?
• What are the strategies adopted by key players?
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 527654
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