From GlobeNewswire: 2025-03-28 09:15:00

The Device as a Service market was valued at USD 105.27 billion in 2023, projected to reach USD 1688.53 billion by 2032, growing at a CAGR of 36.18%. By outsourcing device procurement, maintenance, and upgrades, businesses can enhance operational efficiency and workforce productivity. The US market is expected to reach USD 306.08 billion by 2032, growing at a CAGR of 34.66%.

Key drivers fueling the DaaS market growth include cost-efficient IT infrastructure management, subscription-based models, and the demand for remote work solutions. DaaS enables organizations to transition from high CapEx investments to predictable OpEx expenditures, reducing long-term IT costs. Integration of AI, IoT, and cloud computing streamlines device lifecycle management, optimizing productivity.

In 2023, the service segment dominated the DaaS market at 38.9%, driven by the rising demand for managed services. The hardware segment is expected to witness the highest CAGR, fueled by advanced computing devices and technology adoption through AI. The desktop segment held the largest share, while the smartphone and peripheral segment is expected to register the highest CAGR.

Large enterprises dominated the DaaS market in 2023, driven by the need for scalable IT infrastructure and enhanced security. SMEs are expected to grow at the highest CAGR, leveraging DaaS for affordable access to advanced IT solutions. The IT & Telecom sector led the market in 2023 and is expected to grow at the fastest CAGR, relying on advanced IT infrastructure and increasing remote work adoption.

North America led the DaaS market in 2023, driven by major technology players and rising demand for managed IT services. The market is expected to see significant growth in North America and Asia Pacific regions. The adoption of Device as a Service (DaaS) is on the rise in Asia Pacific, driven by strong IT infrastructure and remote work trends. Companies like HP, Dell, and Lenovo offer flexible solutions, with HP’s program focusing on predictive analytics and security. The region is expected to see rapid growth, especially in countries like China and Japan.

Artificial Intelligence (AI) PCs are gaining popularity, with Dell expanding its offerings. Microsoft has been recognized as a leader in Desktop as a Service (DaaS) by Gartner for the second year. The market is evolving rapidly, with a focus on secure and scalable cloud solutions.

The Device as a Service market report includes detailed insights on market dynamics, trends, and competitive landscape. The report covers segmentation by offering, device, enterprise size, and end use. Companies like Lenovo and Fujitsu are expanding their DaaS portfolios to meet the growing demand for cost-effective IT solutions in the region.



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