Device As A Service Market to be Worth $757.17 Billion By 2030: Grand View Research, Inc.
Sunday, April 16, 2023
SAN FRANCISCO, March 28, 2023 /PRNewswire/ -- The global device as a service market size is anticipated to reach USD 757.17 billion by 2030, expanding at a CAGR of 29.1% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The market growth can be attributed to the increasing adoption of the subscription-based services model, which allows organizations to invest in strategic planning instead of purchasing hardware devices that require upgrades every few years. Furthermore, an increase in the number of start-ups and the rising awareness about the device-as-a-service (DaaS) model among small and medium-size enterprises are expected to drive the market.
https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
Key Industry Insights & Findings from the report:
-- In terms of offering, the service segment is anticipated to register
highest growth in the forecast period. The growing number of businesses
using software and cloud-based platforms, along with consumer
expectations for greater control over the services availed, is
contributing to the growth of this segment.
-- In terms of enterprise size, the small & medium enterprise segment is
expected to attain the highest CAGR in the forecast period. The DaaS
model allows SMEs to better utilize their IT infrastructure under tight
cash flow conditions. An IT investment can be maximized by converting a
substantial upfront capital expense to a more manageable operational
expense.
-- The IT and telecom segment dominated the market in 2022. The growth can
be attributed to the growing awareness about DaaS and the shift in
organizations' preference toward the OpEx business model.
-- Asia Pacific is anticipated to register highest growth over the forecast
period. The emerging feature of 5G networks in the region is also
driving the growth of the market.
Read full market research report for more Insights, "Device As A Service Market Size, Share & Trends Analysis Report By Offering (Hardware, Software, Services), By Device Type (Desktop, Laptop, Notebook And Tablets), By Enterprise Size, By End-Use, By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.
Device As A Service Market Growth & Trends
The market is expected to witness growth opportunities across industry verticals such as life science and healthcare, banking and financial institution, and education. The COVID-19 pandemic has encouraged digital transformation efforts and remote work practices. With an increasing number of companies offering employees work-from-home options, there has been a sudden spike in the need for laptops, notebooks, tablets, and other hardware devices. The consecutive rise in demand for DaaS to manage hardware devices, so they are readily available for the remote working environment, has favoured market growth. The demand for the device-as-a-service among small and medium enterprises has increased to reduce expenses related to hardware and lay emphasis on marketing and sales strategies.
Moreover, the growing demand for cost-efficient services and the increasing need for highly secured equipment is likely to generate growth opportunities for the device-as-a-service market. Technological advancements, the increased adoption of connected devices, and the high penetration of high-speed web networks across the globe are expected to boost market growth prospects. The need for enhancing productivity and the need for security compliance are expected to further drive the market over the forecast period.
Device As A Service Market Segmentation
Grand View Research has segmented the global device as a service market report based on offering, device type, enterprise size, end use, and region:
Device As A Service (DaaS) Market - Offering Outlook (Revenue, USD Billion; 2018 - 2030)
-- Hardware
-- Software
-- Service
Device As A Service (DaaS) Market - Device Type Outlook (Revenue, USD Billion; 2018 - 2030)
-- Desktop
-- Laptop, Notebook and Tablet
-- Smartphone and Peripheral
Device As A Service (DaaS) Market - Enterprise Size Outlook (Revenue, USD Billion; 2018 - 2030)
-- Small & Medium Enterprise
-- Large Enterprise
Device As A Service (DaaS) Market - End-use Outlook (Revenue, USD Billion; 2018 - 2030)
-- Banking, Financial Services and Insurance (BFSI)
-- Educational Institution
-- Healthcare and Life Science
-- IT & Telecom
-- Public Sector and Government Office
-- Others
Device As A Service (DaaS) Market - Regional Outlook (Revenue, USD Billion; 2018 - 2030)
-- North America
-- U.S.
-- Canada
-- Europe
-- U.K.
-- Germany
-- Asia Pacific
-- China
-- Japan
-- India
-- Latin America
-- Brazil
-- Mexico
-- Middle East & Africa
List of Key Players of Device As A Service Market
-- Accenture PLC
-- Acer Inc.
-- Apple Inc.
-- Atea Global Services Ltd.
-- Cisco Systems, Inc.
-- Cognizant
-- CompuCom Systems, Inc.
-- Computacenter plc
-- Dell Technologies Inc.
-- Intel Corporation
-- Hewlett Packard Enterprise Development LP
-- Lenovo
Check out more related studies published by Grand View Research:
-- IT Asset Disposition Market - The global IT asset disposition market
size is projected to be USD 54,535.4 million by 2030, according to the
latest study conducted by Grand View Research, Inc. The market is
expected to exhibit a CAGR of 13.3% from 2023 to 2030. The growth of the
ITAD market can be attributed to the increasing e-waste and the rising
requirement for recycling in consideration of sustainability and a green
planet.
-- Warehouse Management Systems Market - The global warehouse management
systems market size is anticipated to reach USD 13.34 billion by 2030,
advancing at a CAGR of 19.0% from 2023 to 2030, according to a new
report by Grand View Research, Inc. The growing transition towards
cloud-based management systems in the warehouse industry is anticipated
to boost the demand for WMS based on the Software-as-a-Service (SaaS)
model.
-- Enterprise Search Market - The global enterprise search market size is
expected to reach USD 8.85 billion by 2030, registering an estimated
CAGR of 8.9% from 2023 to 2030, according to a new report by Grand View
Research, Inc. The growth can be attributed to the increasing need for
efficient supervision of large volumes of data among organizations to
strengthen their operational capabilities. The growing demand for
solutions that facilitate time-saving data search as well as enhanced
security is driving the adoption of enterprise search solutions. The
rising significance of value-added services, along with search
capabilities, is further driving their adoption across organizations.
Browse through Grand View Research's IT Services & Applications Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/device-as-a-service-market-to-be-worth-757-17-billion-by-2030-grand-view-research-inc-301783032.html
SOURCE Grand View Research, Inc.
|
|
|
|
|
 |
Energy Toolbase Launches Energy Storage Partnership with Sungrow to Support PowerStack 255CS and PowerTitan 2.0 | Jan 22, 2026
|
|
Einride and IonQ Partnership Uses Quantum Computing to Optimize the Logistics of Electric and Autonomous Freight | Jan 22, 2026
|
|
RS now offers Phoenix Contact's pioneering new NearFi technology | Jan 22, 2026
|
|
SCAILIUM Debuts "AI Production Layer" to Overcome GPU Starvation and Slash AI Energy Waste | Jan 22, 2026
|
|
MetaOptics to Showcase Five Breakthrough Metalens-Powered Products at CES 2026 | Jan 22, 2026
|
|
No Assembly Required: Barrett Distribution Centers Powers Maxwood Furniture's West Coast DTC Expansion | Jan 22, 2026
|
|
Quantum Art Raises $100 Million in Series A Round to Drive Scalable, Multi-Core Quantum Computing | Jan 22, 2026
|
|
Hesai Recognized as the Only Lidar Company on Morgan Stanley's "Humanoid Tech 25" of Global Robotics Leaders | Jan 22, 2026
|
|
TESSAN to Redefine Global Mobility at CES 2026 with '100 Travelers' Initiative and Flagship Voyager 205 | Jan 22, 2026
|
|
1inch Named Exclusive Swap Provider at Launch for Ledger Multisig | Jan 22, 2026
|
|
|
