Precise Scenario of the Device-as-a-Service (DaaS) Market: Trends, Opportunities, and Growth Forecast for the Period 2022-2027

Global Device-as-a-Service (DaaS) Market Report Coverage & Insights:

The Global Device-as-a-Service (DaaS) Market – size, share, analysis, futurereport 2022-2027 provides comprehensive coverage and insights on the current market trends, potential market size, and a conceptual framework. Market experts at MarkNtel Advisors have conducted an extensive investigation to present the most essential data in a precise manner. The report aims to offer the latest information on the global market, focusing on key market elements such as drivers, restraints, opportunities, and threats. This research provides a thorough analysis of the Global Device-as-a-Service (DaaS) Market by emphasizing on these market factors.

The market is expected to experience rapid expansion in the coming years due to various factors, which are detailed in the global report along with thorough insights and forecasts. To present a complete picture of the global market, the study places significant importance on understanding key variables such as market size, market share, projected trends, sales, production, industry demand and supply, and compound annual growth rate (CAGR).

How Big is Device-as-a-Service (DaaS) Market:

Growth Rate: CAGR of 56%

Base Year: 2021

Historical Year: 2017-2020

Forecast Period: 2022-2027

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Market Dynamics:

Key Driver: Mounting Adoption of Cloud Services & Subscription-based Devices

Small & medium-size organizations do not often have a huge capital expenditure for refreshing their devices. DaaS helps companies shift their IT budgets to more manageable cash flows with subscription-based hardware devices. It results in reduced costs of repair & ownership and, in turn, helps customers make more strategic business decisions. Since DaaS is a subscription-based model that offers services at minimum expense, organizations can quickly scale up or down as per the current business needs. Hence, consumers worldwide are increasingly opting for DaaS since it is flexible, promotes cost savings, and provides data security.

Growth Challenge: Emergence of BYOD & CYOD Technologies

The concept of Bring-Your-Own-Device (BYOD) is getting popular globally owing to its advantages like reduces hardware & service costs, higher user satisfaction, and convenience of no wireless carrier requirements to the organizations.

On the other front, in the CYOD (Choose-Your-Own-Device) model, companies provide employees with an approved set of devices from which they can choose. These devices are either paid for or owned by employees or the company. Moreover, the model also covers the costs of the mobile plan. Hence, the rapid adoption of these models is restraining the growth of the DaaS Market.

Top Leading Companies of Device-as-a-Service (DaaS) Market:

In today's highly competitive market, staying ahead of the competition is crucial for business success. To achieve this, leading players of all sizes must engage in market research. By

 understanding the latest trends, market requirements, and consumer behavior in the Device-as-a-Service (DaaS) Market, businesses can make informed decisions that enhance growth and profitability. The study report by MarkNtel Advisors provides a comprehensive review of recent industry trends, data, and statistics. The report includes the company profiles of the following companies, offering valuable insights into their operations:

-Hewlett Packard



-Dell Technologies

-Microsoft Corporation

-Amazon Web Services



These company profiles contribute to a deeper understanding of the market landscape and facilitate strategic decision-making for businesses aiming to thrive in the Device-as-a-Service (DaaS) Market.

Major Segments of the Global Device-as-a-Service (DaaS) Market:

The study report not only provides essential industry insights but also offers invaluable guidance for companies and individuals interested in the market. A comprehensive segmentation analysis in the report aids in understanding the market landscape and supports strategic expansion plans for businesses. By delving into the specific segments of the market, businesses can tailor their strategies to meet the unique requirements of each segment and region.

The Global Device-as-a-Service (DaaS) Market is highly fragmented and categorized into the following segments:

By Type






--Others (Printers, etc.)


--Business Software


--Asset Management

--Monitoring & Reporting Analytics


--Deployment & Maintenance

--Configuration Services

--Recovery & Renewal Services

By Enterprise Size

-Large Enterprises

-Medium Enterprises

-Small Enterprises

By End User

-IT/ITES & Telecom






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By Region

-North America

-South America


-Middle East & Africa


Understanding the major segments of the Global Device-as-a-Service (DaaS) Market allows businesses to gain a deeper understanding of customer preferences, market dynamics, and emerging trends. This knowledge empowers companies to make informed decisions regarding product development, marketing strategies, and expansion initiatives. By recognizing the distinct needs and demands of different market segments, businesses can align their offerings and target their resources more effectively, ultimately enhancing their competitiveness and driving sustained growth in the Device-as-a-Service (DaaS) Market.

The objectives of this report are as follows:

-To focus on leading global companies in the Device-as-a-Service (DaaS) Market and provide a comprehensive analysis of their sales volume, value, market share, market competition landscape, and recent developments.

-To project the value and sales volume of submarkets within the Device-as-a-Service (DaaS) Market in key regions.

-To analyze competitive developments in the market, including expansions, agreements, new product launches, and acquisitions.

-To study and analyze the global Device-as-a-Service (DaaS) Market size (value and volume) by company, key regions, products, and end-users, utilizing data from the past five years and forecasting up to 2027.

-To understand the structure of the Device-as-a-Service (DaaS) Market by identifying its various sub-segments.

-To provide detailed information about the key factors influencing the growth of the Device-as-a-Service (DaaS) Market, such as growth potential, opportunities, drivers, industry-specific challenges, and risks.

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About us –

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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