Device-as-a-Service Market Share

 Asia Pacific industry is poised to dominate majority revenue share by 2037, attributed to presence of large workforce involved in the IT and telecommunication industry, and large number of enterprises in the region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the presence of large workforce involved in the IT and telecommunication industry, and large number of enterprises in the region. Along with these, increasing rate of internet penetration is also projected to bolster the region’s market growth in the future. According to the World Bank, 35.331 percent of the total population of South Asia used the internet in 2019, a massive increase up from 18.785 percent in 2018.

Moreover, the market in North America is assessed to acquire the largest share during the forecast period owing to the early adoption of technologies, such as IoT and cloud computing, and growing demand for mobile devices in several industry verticals in the region.