Device-as-a-Service Market Share

On the basis of geographical analysis, the global device-as-a-service (DaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa 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.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Device-as-a-Service is assessed at USD 154.59 billion.

Device-as-a-Service (DaaS) Market size was over USD 125.72 billion in 2023 and is projected to exceed USD 3.34 trillion by 2036, witnessing over 28.7% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by rising adoption of subscription-based services model and increasing number of channel partner offering device-as-a-service.

Asia Pacific industry is expected to hold largest revenue share by 2036, attributed to presence of large workforce involved in the IT and telecommunication industry, and large number of enterprises in the region.

The major players in the market are Acer, Inc., Accenture PLC, Apple Inc., Cisco Services, Inc., Cognizant Technology Solutions Corporation, and others.

Device-as-a-Service Market Share