The device as a service market size is expected to increase by $249,546.27 million from 2022 to 2027, registering a compound annual growth rate of 31.07 percent, according to a report from Technavio, Device as a Service Market by Device, Component, and Geography – Forecast and Analysis 2023-2027. View Sample Report.
According to the report, competition among vendors in the global device as a service is moderate. The increase in the demand for flexible workforce solutions will Increase the demand for device-as-a-service solutions.
Vendors will continue to develop customized device-as-a-service solutions to increase their market share. The device as a service market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Among vendor offerings in this segment are:
- Accenture Plc – The company offers device as a service solutions for hardware, software, comms and media companies.
- Acer Inc. – The company offers device as a service solution with hardware devices and services.
- com Inc. –The company offers device as a device solutions such as Echo, Echo Show, Echo Dot.
The research shows the device as a service market report extensively covers market segmentation by device (desktops, laptops, tablets, and others), component (hardware, software, and services), and geography (North America, APAC, Europe, South America, the Middle East and Africa).
The market share growth by the desktops segment will be significant for overall market growth during the forecast period.
Desktop-as-a-service helps to introduce remote working models and offers employees more flexibility. It is a cloud computing service where service providers deliver virtual desktops to end users over the internet.
Offering desktop as a service eliminates the need for servers to be set up by companies as well as allows them to outsource infrastructure management. Owing to the benefits of desktop-as-a-service solutions such as greater employee flexibility, improved security, etc, the desktop segment is set to grow during the forecast period.
North America is estimated to account for 31 percent of the market growth during the forecast period. The region is anticipated to contribute significantly to the revenue of the market.
A major reason for the growing demand for device-as-a-service solutions in the United States is the growing demand for on-premises data center management and cloud computing services.
Additionally, the flexibility of the device as a service solution makes it suitable for workloads that are transient, experimental in nature, or subject to unexpected change. Moreover, the high demand for virtual apps and desktops among employees of various organizations in this region will drive the growth of the market during the forecast period. Hence, such factors drive growth in the regional market during the forecast period.