Device-as-a-Service Segmentation
Device Type (Desktop, Laptop, Notebook, Tablet, Smartphone, Peripheral Devices)
The desktop segment is expected to hold a dominant share of 45% in the device-as-a-service (DaaS) market by 2037, due to a rising need for affordable and scalable IT infrastructure in business settings. Desktops provided through DaaS models offer economical, flexible leasing choices along with regular updates and maintenance. Furthermore, the demand for remote work solutions has also pushed the adoption of desktops within DaaS offerings. For instance, in December 2023, the partnership among Lenovo, Bytec, and Unicon to develop hybrid workstations and DaaS solutions combines Lenovo's hardware with Bytec's pre-installed eLux operating system, which facilitates smooth business. Such integrations are particularly beneficial for organizations seeking to streamline device management and improve productivity in a hybrid work environment.
End use (IT & Telecommunications, BFSI, Education, Healthcare, Government, Retail, Manufacturing)
The IT and telecommunications industry is anticipated to hold about 25% share in the device-as-a-service market due to its demand for scalable, secure, and cost-efficient IT solutions. Telecom firms need to effectively manage large fleets of devices, such as routers, smartphones, and laptops, to enhance their operations and customer support. Thus, DaaS models provide these companies with the ability to regularly upgrade their hardware without incurring significant capital costs, which aligns with the rapid technological progress in the industry.
A recent instance highlighting this trend is Jio Financial Services' (JFS) entrance into the device leasing market. In May 2024, JFS acquired telecom equipment valued at approximately USD 4.33 billion from Reliance Retail. This equipment, which includes routers and smartphones, will be leased to the customers of Reliance Jio Infocomm, encouraging DaaS models within the telecommunications sector.
Our in-depth analysis of the global market includes the following segments:
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