Device-as-a-Service (DaaS) Market Research Report 2024-2030: Industry Expected to Grow Approx. 25.75% CAGR

 

In-Depth Analysis of the Global Device-as-a-Service (DaaS) Market: 2024-2030 Forecasts

According to the latest findings by MarkNtel Advisors, The Global Device-as-a-Service (DaaS) Market size is estimated to grow at a CAGR of around 25.75% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Device-as-a-Service (DaaS) Market, the report offers insights into recent developments and presents an overview of the market landscape.

Device-as-a-Service (DaaS) Market Segmentation Analysis:

Our research report meticulously explores the Device-as-a-Service (DaaS) Market, breaking it down into these key segments: By Type (Hardware, Software, Services), By Enterprise Size (Large Enterprises, Medium Enterprises, Small Enterprises), By End User (IT/ITES & Telecom, Government, BFSI, Healthcare, Education, Others). Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.

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Geographical Coverage:

Our research report on the Device-as-a-Service (DaaS) Market offers comprehensive coverage across different regions, including North America, South America, Europe, The Middle East & Africa, Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.

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

Expansion of IT & Telecom Companies Augmenting the Demand for the DaaS – In recent years, government investments to improve digital infrastructure have significantly amplified customer experiences. According to the Ministry of Communications and Information Technology, in 2023, the government of Saudi Arabia announced an investment of around USD 16 billion in research, development, and innovation. Similarly, the government & private entities in other countries like Malaysia, India, and others have also invested heavily in their digital infrastructure. These investments have helped to accelerate internet penetration in these countries and consequently led to higher internet users across the globe. According to the Data Reportal, in 2023, the total number of internet users globally reached around 5.35 billion, an increase of around 250 million users compared to 2022. This surge in internet users is augmenting the need for robust and reliable connectivity solutions. As a result, IT & Telecom companies have been expanding their network infrastructure to deploy high-speed broadband and enhance mobile connectivity. For instance,

• In 2024, Airtel, a telecommunications company, announced its plan to expand into African countries.

These IT & Telecom companies necessarily require solutions that scale their device deployments based on business needs. Therefore, companies use DaaS solutions to ensure optimal device performance and reduce downtime, driving the Global Device-as-a-Service (DaaS) Market.

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Competitive Landscape of Device-as-a-Service (DaaS) Market

The Device-as-a-Service (DaaS) market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a global reach exert significant influence over the Device-as-a-Service (DaaS) market, and it is anticipated that several international players will expand their global presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:

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

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Common Queries:

1. What is the current trajectory of cost and profit estimations in the Device-as-a-Service (DaaS) Industry?
2. How do factors like supply and consumption shape the landscape of the industry?
3. In what ways do import and export considerations impact the dynamics of the Device-as-a-Service (DaaS) Industry?
4. Which technological advancements are anticipated to shape the future of the Device-as-a-Service (DaaS) Market?
5. Who are the noteworthy players highlighted in the Device-as-a-Service (DaaS) Market research report?
6. What are the anticipated USD valuations and the CAGR for the forecasted years?

About Us

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

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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