Overview

In 2019, the global Device as a Service market generated a revenue of USD 9,843.8 million. It is expected to reach a value of USD 190,163.8 million by 2026, growing at a 55.8% CAGR. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the coming years.

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The Device as a Service market consists of major sub-segments, including hardware, solution (software), and services. The hardware segment is further divided into desktop, laptops, printers, and others. The solution (software) includes all types of solutions, such as operating systems, virtualization tools, security software, backup/disaster recovery tools, database management tools, email servers, and developer tools that are required to run the hardware devices mentioned above. The services segment is further divided into professional services and managed services. Professional services include consulting services to provide customized solutions, maintenance, and other support services for the hardware devices.

Competitive Analysis

The key players of the global Device as a Service market are HP Development Company, L.P. (US), Microsoft (US), Dell Inc. (US), Amazon Web Services, Inc. (US), Lenovo (China), Yorktel (England), Scantron Corporation (US), Intel Corporation (US), Apple Inc. (US), Citrix Systems, Inc. (US), Acer Inc. (Taiwan), Plantronics, Inc. (US), CompuCom Systems, Inc. (US), Capgemini (France), and SHI International Corp. (New Jersey).

Regional Analysis

Geographically, the Device as a Service market has been categorized into five different regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to dominate the global Device as a Service market throughout the forecast period owing to the rising need to reduce capital expenditure (CAPEX) and operational expenditure (OPEX) by enterprises as well as the adoption of contract-based services and solutions by SMEs.

Segmental Analysis

The global Device as a Service market has been segmented based on component, organization size, vertical, and region.

By component, the global Device as a Service market has been segmented into hardware, solution (software), and services.

By organization size, the global Device as a Service market is divided into large enterprises and small & medium enterprises. The small & medium enterprises segment accounted for the larger market share of 64.7% in 2019, with a market value of USD 6,372 million; it is expected to register a higher CAGR of 56.8% during the study period. The large enterprises segment was valued at USD 3,471.9 million; it is projected to exhibit a CAGR of 54.0%.

Based on vertical, the global Device as a Service market is segmented into BFSI, healthcare, manufacturing, retail, IT & telecommunication, education, government, and others. The IT & telecom segment accounted for the largest market share of 25.2% in 2019, with a market value of USD 2,483.0 million; it is expected to register a CAGR of 57.4% during the forecast period. The BFSI segment was the second-largest market in 2019, valued at USD 1,906.1 million; it is projected to register the highest CAGR of 58.8%.

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