Device-as-a-Service (DaaS) is a subscription-based model that provides businesses with access to hardware devices and related services from third-party providers. The DaaS model allows businesses to reduce capital expenditures and operational costs while also enabling them to scale their operations as needed. The DaaS market is expected to grow at a rapid pace in the coming years, according to a report by MarketsandMarkets.


The report "Device-as-a-Service Market by Offering (Hardware, Services), Device Type (Computer, Mobile Devices, Printers), Deployment (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, Healthcare, IT and Telecom, Education), and Geography - Global Forecast to 2023", analyzes the market size, growth rate, and trends in the industry.


Device-as-a-service market size is projected to reach USD 303.6 billion by 2026; it is expected to grow at a CAGR of 43.2% during the forecast period.


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The DaaS model provides businesses with access to a range of devices, including computers, mobile devices, and printers, along with related services such as device management, maintenance, and support. The model is particularly attractive to small and medium-sized enterprises (SMEs), which may not have the resources to purchase and maintain their own hardware devices.


The DaaS market is driven by the increasing demand for flexible and cost-effective solutions, the growing adoption of cloud-based services, and the increasing use of mobile devices in the workplace. The report segments the market based on offering, device type, deployment, organization size, vertical, and geography.


Based on offering, the market is segmented into hardware and services. The hardware segment is expected to hold the largest share of the market during the forecast period, owing to the increasing adoption of DaaS solutions for hardware devices such as computers, mobile devices, and printers.


Based on device type, the market is segmented into computers, mobile devices, and printers. The mobile devices segment is expected to hold the largest share of the market during the forecast period, owing to the increasing use of smartphones and tablets in the workplace.


Based on deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to hold the largest share of the market during the forecast period, owing to the increasing adoption of cloud-based services and the growing demand for flexible and scalable solutions.


Based on organization size, the market is segmented into SMEs and large enterprises. The SMEs segment is expected to hold the largest share of the market during the forecast period, owing to the increasing adoption of DaaS solutions by small and medium-sized businesses.


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Based on vertical, the market is segmented into banking, financial services, and insurance (BFSI), healthcare, IT and telecom, education, and others. The healthcare segment is expected to hold the largest share of the market during the forecast period, owing to the increasing use of DaaS solutions for medical devices and equipment.


Geographically, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is expected to hold the largest share of the market during the forecast period, owing to the increasing adoption of cloud-based services and the presence of a large number of DaaS providers in the region.