Device-as-a-Service Market Size

  • Report ID: 3703
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

Device-as-a-Service Market Size

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. In the year 2024, the industry size of Device-as-a-Service is assessed at USD 154.59 billion. The growth of the market can be attributed to the rising adoption of subscription-based services model, and increasing number of channel partner offering device-as-a-service. Along with these, growing need to reduce the capital expense (CAPEX) and operating expense (OPEX) among enterprises, and escalating adoption of contract-based solutions among small and medium sized-businesses are also expected to boost the drive market growth in the forthcoming years. Furthermore, rapid surge in the usage of cloud services in developing nations, and growth in the penetration of smart devices are projected to offer lucrative opportunities to the market in the near future. As of 2020, there are more than 3 billion people globally who use smartphones. By the end of 2021, this userbase is calculated to reach a value of approximately 4 billion.


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Author Credits:  Abhishek Verma


  • Report ID: 3703
  • Published Date: Aug 23, 2024
  • Report Format: PDF, PPT

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.
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