Introduction

In a world where nearly everything is moving to a subscription-based model, it was only a matter of time until hardware joined the ranks.  Introducing: Device-as-a-Service (DaaS).  DaaS is a new way for businesses and organizations to outsource the management, maintenance, and support of their devices.  Instead of buying devices outright and then having to deal with all of the associated costs, DaaS allows businesses to pay a monthly fee for all of their devices.  This includes things like upgrades, replacements, and repairs. 

Device-as a service (DaaS), is a subscription service that gives customers access to devices on an as-you-go basis. DaaS is similar to other as-a-service offerings, such as software-as-a-service (SaaS) and infrastructure-as-a-service (IaaS).

More Information: Device-as-a-Service Providers Poised to Benefit from Increasing Demand

Growth

This industry has seen significant growth in the last few years, mostly due to rising demand for subscription-based models and increased number of channel partners offering device-as-a-service. The industry is expected to see significant growth in the future due to the increasing adoption of cloud computing services by developing countrie

Industry growth prospects are promising because of growing demand for subscription models that allow end-users switch from a capital-expense-based model to one that is operating expenses-based. This allows them to acquire the most recent technology. Industry growth is expected to be driven by the increasing use of cloud services in developing nations.

Device as a Service is booming. This is because it is gaining notoriety in ventures to reduce IT costs, particularly for IT equipment framework.

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The difference between device procurement and device-as-a-service

Device procurement is the process of acquiring devices, such as laptops, smartphones, or tablets, for an organization. The organization may purchase the devices outright or lease them from a provider. Device-as-a-service (DaaS) is a type of subscription service that provides organizations with access to devices on an as-needed basis. DaaS providers typically include support and maintenance in the monthly fee.

Organizations must carefully consider their needs before deciding whether to procure devices or subscribe to a DaaS. One key difference is cost: device procurement can be a one-time expense, while DaaS is a recurring cost. Organizations should also consider how often they need new devices and whether they have the resources to manage and support the devices themselves.

Drivers

Rapid adoption of subscription-based services is expected to be the main driver of growth in the device industry as a service sector. Clients can shift the high cost associated with acquiring new technology away from being a capital expense to becoming an operating expense.

Another driver of the device-as-a-service industry is the reduction in help desk volume, policy compliance and increased end user productivity. These are the benefits that a company receives by outsourcing services to multiple devices with multiple operating systems in the device.

Restraints

BYOD or CYOD can hinder the growth of the global DaaS market as it deprives companies of long-term contracts and relationships. Customers can also choose their own software and models to work with their clients and teams.

Traditional managed service providers don’t have the time or interest to manage inventory. They also carry inventory risk. Organizations are not aware of the service industry in device technology.

Top Featured Companies Dominating the industry

There are many Companies such as Accenture, Cisco, Cognizant, Acer Inc., Computacenter, Intel Corporation, Hewlett Packard, Dell Technologies, and Lenovo. To cement their market position and grow further, these players pursue various strategies, including product development and launch, in hardware and software.

Recent Developments

Capgemini was ranked as a leader worldwide in IDC industry scape cloud professional services vendor assessment in May 2022

Microsoft Corporation launched a Device as a Service portal (DaaS), allowing its clients to buy phones and devices to use Microsoft Teams, its latest collaboration software. It intends to expand its services beyond the U.S. starting in 2021.

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