Device as a Service Market Share

Device as a Service Market Share Analysis

The global market for something called "Device as a Service" or DaaS is expected to grow a lot, says an analysis by MRFR. This is because businesses want to spend less money on buying and running devices, like computers and printers, and are choosing services that work like contracts instead. Small and medium-sized businesses are also liking this idea. Additionally, more and more companies are using a lot of devices connected to the internet (IoT).

However, there are some things that might slow down the growth of this market. Some companies are letting employees use their own devices (BYOD) or choose devices (CYOD), and this can be a challenge for the DaaS market. Also, some companies might not have enough people who know a lot about the technology, and they might worry about how safe it is.

The DaaS market can be divided into different parts based on what it includes, how big the businesses using it are, and what industry they are in. For example, the hardware part, which includes things like computers and printers, is the biggest, making up more than half of the market. Small and medium-sized businesses use DaaS, and industries like IT & telecom and banking (BFSI) use it the most.

Some big players in this market include HP, Dell, Lenovo, Microsoft, Amazon Web Services, Citrix Systems, CompuCom Systems, Plantronics, Capgemini, and SHI International Corporation. These companies are working on new products and making long-term partnerships to do well in the global DaaS market.

In terms of money, the global DaaS market was worth around USD 9,843.8 million, and it's expected to grow by 55.8% every year from 2020 to 2026. This shows that more and more businesses are finding the idea of getting devices as a service rather than buying them outright really appealing.