The device-as-a-service market is expected to grow from USD 50.3 billion in 2021 to USD 303.6 billion by 2026; it is expected to grow at a CAGR of 43.2% during the forecast period. IT & telecommunication, BFSI, education are the key end users, which dominate the device-as-a-service market and also contribute significantly to its growth.
Major players in the device-as-a-service market have primarily adopted partnerships and agreements strategy to strengthen their position in the market.
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Hewlett Packard (US) and Dell Technologies (US) are among the major players in the device-as-a-service market. Hewlett Packard (US) offers a wide range of services as a part of its device-as-a-service offerings, including repair services, AI-driven analytics, and flexible budgets. The company’s geographic reach is another major factor contributing to its strong position in the device-as-a-service market. The company is focusing on profitable growth through innovation in the areas of multi-operating systems, multi-architecture, customer segments, and more. The company is also focused on enhancing its device-as-a-service offerings to enable productivity and collaboration as work-from-home and distance learning trends are boosting the demand for PCs and other hardware devices. The company provides its services to the public, banking, financial services, and insurance (BFSI), and other sectors. The company also has a wide customer base, including top-notch organizations.
Dell Technologies (US) is another well-known player in the device-as-a-service market. The company’s leading position in this market can be attributed to its strong portfolio consisting of various options. Dell’s DaaS offering combines hardware, software, lifecycle services, and financing all into one solution that provides predictable pricing per seat per month through Dell Financial Services. The company offers various services such as the option to choose from the latest PCs and accessories, deployment of assets, support, maintenance, asset recovery once the device is of no use, and flexible payment solutions. Dell Technologies is further trying to expand its range of services by engaging in agreements and partnerships. The company provides hardware such as desktops, workstations, and notebooks through its Clients Solutions Group (CSG). CSG also provides attached software, peripherals, and services, including support and deployment, configuration, and warranty services. Strong brand name and product portfolio, and wide geographic presence, are the key factors that have led to its substantial share in the device-as-a-service market.
Device-as-a-Service Market with COVID-19 Impact Analysis by Offering, Device Type(Desktops; Laptops, Notebooks, Tablets; Smartphones & Peripherals), Organisation Size, End User (IT & Telecommunication, BFSI and others) & Region - Global Forecast to 2026
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