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Device-as-a-Service Market Trends

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

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Device-as-a-Service Market Trends

Growth Drivers

Rising Adoption of Subscription-Based Services Model
Increasing Number of Channel Partner Offering Device-as-a-Service

Challenges

Lack of Awareness Regarding the Benefits of Device-as-a-Service Mode

Device-as-a-Service (DaaS) Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	28.7%
Base Year Market Size (2023)	USD 125.72 billion
Forecast Year Market Size (2036)	USD 3.34 trillion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Device-as-a-Service Market Size & Share, Growth Trends 2036

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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