Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Device-as-a-Service (DaaS) Market size was over USD 161.8 billion in 2024 and is anticipated to cross USD 4.3 trillion by 2037, witnessing more than 28.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of Device-as-a-Service is estimated at USD 201.27 billion.
The growth of the market can be attributed to the rising adoption of subscription-based services model, and increasing number of channel partner offering device-as-a-service. Along with these, growing need to reduce the capital expense (CAPEX) and operating expense (OPEX) among enterprises, and escalating adoption of contract-based solutions among small and medium sized-businesses are also expected to boost the drive market growth in the forthcoming years. Furthermore, rapid surge in the usage of cloud services in developing nations, and growth in the penetration of smart devices are projected to offer lucrative opportunities to the market in the near future. As of 2020, there are more than 3 billion people globally who use smartphones. By the end of 2021, this userbase is calculated to reach a value of approximately 4 billion.
Device-as-a-Service (DaaS) Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Adoption of Subscription-Based Services Model
- Increasing Number of Channel Partner Offering Device-as-a-Service
Challenges
- Lack of Awareness Regarding the Benefits of Device-as-a-Service Mode
Device-as-a-Service (DaaS) Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
28.7% |
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Base Year Market Size (2024) |
USD 161.8 billion |
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Forecast Year Market Size (2037) |
USD 4.3 trillion |
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Regional Scope |
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Device-as-a-Service (DaaS) Segmentation
The market is segmented by end user into IT & telecommunication, BFSI, education, healthcare, government, and others, out of which, the IT & telecommunication segment is anticipated to hold the largest share in the global device-as-a-service (DaaS) market. The IT & telecommunication sector consists of cable companies, internet service providers and telecommunication companies, as a result this segment generates the highest demand for portable devices. Thus, there is a mounting requirement for software updates and related services, which in turn is predicted to drive the market segment growth in the coming years. Additionally, on the basis of device type, the desktop segment is anticipated to grab the largest share during the forecast period, which can be credited to the rising trend for IT centralization, and increase in the demand for cloud-based virtual services.
Our in-depth analysis of the global device-as-a-service (DaaS) market includes the following segments:
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By Device Type |
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By Offering |
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By End User
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Customize this ReportDevice-as-a-Service (DaaS) Industry - Regional Synopsis
Asia Pacific industry is poised to dominate majority revenue share by 2037, attributed to presence of large workforce involved in the IT and telecommunication industry, and large number of enterprises in the region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the presence of large workforce involved in the IT and telecommunication industry, and large number of enterprises in the region. Along with these, increasing rate of internet penetration is also projected to bolster the region’s market growth in the future. According to the World Bank, 35.331 percent of the total population of South Asia used the internet in 2019, a massive increase up from 18.785 percent in 2018.
Moreover, the market in North America is assessed to acquire the largest share during the forecast period owing to the early adoption of technologies, such as IoT and cloud computing, and growing demand for mobile devices in several industry verticals in the region.
Companies Dominating the Device-as-a-Service (DaaS) Landscape
- Acer Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Accenture PLC
- Apple Inc.
- Cisco Services, Inc.
- Cognizant Technology Solutions Corporation
- Computacenter plc
- Hewlett-Packard Development Company, L.P.
- Lenovo Group Limited
- Intel Corporation
- Dell Technologies Inc.
In the News
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April 2021- Lenovo Group Limited’s Intelligent Devices Group in North America announced that it has developed a new device-as-a-service offering designed to meet the needs of small and medium-sized businesses.
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January 2019- CompuCom Systems declared the launch of a DaaS offering for Apple hardware including Macs, iPads and iPhones.
Author Credits: Abhishek Verma
- Report ID: 3703
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
