Device-as-a-Service (DaaS) Market Forecasts 25.75% CAGR Growth Through 2030

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

According to current research by MarkNtel Advisors the Global Device-as-a-Service (DaaS) Market is estimated to grow at a CAGR of around 25.75% during the forecast period, i.e., 2024-30. Data at the global, regional, and sub-regional levels are included in the report to assist stakeholders in better understanding supply and demand dynamics and how they affect the sector.

Professionals in the industry have conducted a thorough analysis of the global Device-as-a-Service (DaaS) market report, which has been presented in a way that highlights the most important facts. The most up-to-date data on the global market is the primary emphasis of the research. It includes several significant topics, such as corporate profiles, mergers and acquisitions, financial status, and feasibility research. It offers thorough details on industry chain analysis, marketing routes, and raw material costs. Stakeholders can learn more about market viability and financial sustainability through this abundance of information available. In addition, it provides a comprehensive picture of the market dynamics by illuminating the strategic actions made by organizations, their profiles, and the entire industry value chain. 

Scope of the report:

Within the market under study, the report looks at the numerous applications, products/services, market value, and production capacity. In addition, it provides a thorough SWOT analysis, a threat and opportunity analysis, and a summary of the leading regions. Through this, stakeholders may find out more about the market potential for application, diversity of products/services, and market value. In addition, the research offers an evaluation of the opportunities, threats, weaknesses, and strengths, enabling stakeholders to comprehend the market environment and make wise decisions.

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Global Device-as-a-Service (DaaS) Market Challenge:

Data Security and Privacy Concerns Hamper the Market Growth – Several end-users, like BFSI, IT & telecom, etc., have critical user information like bank details and the company’s financial details. As a result, data protection becomes paramount for these organizations. Therefore, end-users often tend to have in-house solutions & devices rather than third-party DaaS solutions since they are less reliable for the critical end-user industry. Hence, organizations are operating in-house solutions to ensure that consumers & company data are protected from cybersecurity attacks and breaches, hampering market growth.

In addition, the governments of countries like the US, Germany, etc., have implemented cybersecurity laws, like the Digital Personal Data Protection (DPDP) Act, to ensure critical data protection. Therefore, few end-user organizations and businesses are deploying in-house solutions to control data management and comply with these regulations, restraining market growth & expansion.

Competitive Landscape:

To provide a clear picture of the competitive environment of the studied industry, we conducted a detailed analysis of both the major global players and the important regional small- and medium-sized businesses with significant growth potential. This global Device-as-a-Service (DaaS) market research provides information on the competitors, including their sales volume and revenue with corresponding market shares, price, and gross margin. It also examines the current competitive situation of the market. Furthermore, discussed are the market concentration ratio, mergers, acquisitions, and expansion strategies.

• Lenovo
• Hewlett Packard
• CompuCom
• Citrix
• Dell Technologies
• Microsoft Corporation
• Amazon Web Services
• HCL
• Cloudalize
• Yorktel
• CDW
• Others

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By identifying the high-growth sectors, the study also gives stakeholders valuable insights into the trends and factors that are either driving or impeding the market growth possibilities.

Global Device-as-a-Service (DaaS) Market Segmentation

-By End User

• IT/ITES & Telecom
• Government
• BFSI
• Healthcare
• Education
• Others

The BFSI segment held a prominent market share in the Global Device-as-a-Service (DaaS) market. The governments of countries like India, the UAE, etc., are increasingly taking initiatives to enhance the digital economy of their countries and enhance the customer experience. As a result, financial institutions, including banks & insurance companies, are increasingly amalgamating digital technologies & adopting digitalization. Digitalization across the BFSI sector is enhancing the demand for DaaS solutions to access banking services conveniently and perform transactions securely, contributing to the enlargement of the BFSI market share in the Global Device-as-a-Service (DaaS) market.

-By Type

• Hardware- (Market Size & Forecast 2019-2030, (USD Million)
• Software- (Market Size & Forecast 2019-2030, (USD Million)
• Services

-By Enterprise Size

• Large Enterprises- (Market Size & Forecast 2019-2030, (USD Million)
• Medium Enterprises- (Market Size & Forecast 2019-2030, (USD Million)
• Small Enterprises- (Market Size & Forecast 2019-2030, (USD Million)

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Device-as-a-Service (DaaS) Market Geographical Reach:

-By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Key Benefits for Stakeholders:

• To determine the prevailing market opportunities, this research offers a quantitative study of the market segments, current trends, projections, and shifts in the global Device-as-a-Service (DaaS) market analysis from 2024-30.
• Information on the main factors driving the market as well as the obstacles and possibilities are provided.
• The power of suppliers and buyers to empower stakeholders to make profit-driven business decisions and fortify their supplier-buyer network is underscored by Porter’s five forces analysis.
• A comprehensive examination of the Device-as-a-Service (DaaS) market segmentation aids in identifying the dominant market opportunities.
• The major countries in each area are shown about the revenue they generate for the global market.
• Market player positioning makes benchmarking easier and gives a clear picture of the current market position of each participant discussed in the report.
• The research analyzes market trends for the Device-as-a-Service (DaaS) industry on a regional and global scale, as well as the major competitors, market segments, and industry expansion tactics.

About Us

MarkNtel Advisors is a leading market research company, 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.

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