Device as a Service Global Market - Overview —
The global device as a service market is showing immense growth; mainly due to the increase in demand for device as a service solutions across different industry verticals. Also, growing need for cost efficient solutions is another major factor driving the market growth. Increasing adoption of contract based services and solutions according to the needs of the organization is one major factor driving the growth of device as a service market. Growing demand for better stability and highly secured devices is responsible for fuelling the growth of Device as a Service Market.
Technological advancements have played a major role in the development of device as a service market. Steep increase in the adoption of device as a service solutions across various organizations and different industry verticals is one major factor driving the growth of device as a service market. Hewlett-Packard, Microsoft Corporation, VMware, Inc., Motorola Solutions, Inc., Citrix Systems, Inc., Plantronics, Oracle Corporation, Amazon, Inc., Capgemini SE, Accenture PLC, Dell, Inc., and Lenovo Group Ltd. are the major players in the device as a service market.
Growing adoption of internet of things and ever changing business needs is one major factor responsible for driving the growth of device as a service market. Device as a service solutions help in achieving greater level of predictability and security as well. According to a recent study report published by Market Research Future, the global market of Device as a Service is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
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February 2018 – Hewlett Packard Inc. has decided to expand its device-as-a-service offering with Apple, Workstations and virtual reality. The company will support all these devices under the managed services segment and has helped in increasing the popularity of device as a service market
February 2018 – VMware has enabled communications service providers (CSPs) to chart their course to 5G. This will eventually help the customers to create new revenue streams, and drive down costs, and will help the company to improve customer retention and satisfaction.
The device as a service market has been segmented on the basis of component, device type, deployment, organization size and vertical. The organization size segment is bifurcated into small and medium sized enterprises and larges enterprises. Out of which, the large enterprises segment holds the largest market share for device as a segment market whereas, small and medium enterprises segment is expected to witness significant growth during the forecast period. This is owing to the technological advancements and growing demand for wireless technology applications.
The prominent players in device as a service market are – Hewlett-Packard (U.S.), Microsoft Corporation (U.S.), VMware, Inc. (U.S.), Motorola Solutions, Inc. (U.S.), Citrix Systems, Inc. (U.S.), Plantronics (U.S.), Polycom (U.S.), Oracle Corporation (U.S.), Amazon, Inc. (U.S.), Capgemini SE (France) are the profiled companies in the report.
Also, Accenture PLC (Ireland), Dell, Inc. (U.S.), Lenovo Group Ltd. (U.S.), SYNNEX Corporation (U.S.), NComputing (U.S.), Computers Now (Australia), Connection (U.S.) are few other major players in the device as a service market. These companies have not been profiled in our study, but it can be taken up as a part of customization, as per client requirements.
Market Research Analysis:
It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific market is projected to grow at the fastest rate during the forecast period. The major growth in device as a service market in North America is attributed to technological advancements and increasing demand for cost effective solutions for maintaining the changing volatility in the organizations in that region.
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• Technology Investors
• Research/Consultancy Firms
• Original equipment manufacturers (OEMs)
• Government Bodies
• IT & Telecommunication Companies
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Release ID: 446726