The Asia Pacific Device-as-a-Service Market would witness market growth of 37.7% CAGR during the forecast period (2021-2027).
Under device-as-a-service, physical hardware is provided to the clients with a monthly subscription model. However, desktop-as-a-service refers to the cloud computing offering, which involves a third party that provides a virtual desktop operating in a virtual machine (VM). The vendors of desktop-as-a-service host the backend of a virtual desktop infrastructure deployment. This technology supports desktop virtualization and enables customers to create a workstation load to get access to a host desktop from a connected device locally. In addition, desktop virtualization disconnects the desktop surroundings and its applications from the physical customer device which is utilized to access it.
The device-as-a-service model helps in cutting down the costs and boosting the profit margin by monitoring expenses on a daily basis. There are many small & medium-sized enterprises, which have limited capital; therefore, device-as-a-service is the favorable solution for these companies with low IT budgets. It also enables companies to revive their hardware at a fast pace, which eventually enables companies to improve productivity, hence contributing to the increased demand.
Factors like the presence of a huge workforce consisting ITes & IT services, adoption of contract-based services and solutions by the SMEs and large enterprises in emerging nations like India and China are promoting the DaaS market in this region. In addition, the source of revenue for hardware providers by the renewal of machines and the existence of various life science & retail companies are supporting the regional growth.
Moreover, the high adoption of DaaS devices and the growing number of SMEs are also opening bright growth prospects for the regional market. There are many companies in this region, which are highly adopting such services to get the benefits offered by DaaS providers; it helps the companies to have proper maintenance of their hardware and software. These factors collaboratively propel the growth of the regional market.
The China market dominated the Asia Pacific Device-as-a-Service Software Market by Country 2020, thereby, achieving a market value of $9,006.9 million by 2027. The Japan market is showcasing a CAGR of 37.9% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 39.5% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Device Type, the market is segmented into Desktops, Laptops, Notebooks & Tablets and Smartphones & Peripherals. Based on Organization Size, the market is segmented into Small & Medium-sized Enterprises and Large Enterprises. Based on Industry Vertical, the market is segmented into Telecom & IT, BFSI, Healthcare & Life Sciences, Educational Institutions, Government & Public Sector and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Device-as-a-Service Market is Projected to reach USD 311.5 Billion by 2027, at a CAGR of 35.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dell Technologies, Inc., Lenovo Group Limited, Microsoft Corporation, Cisco Systems, Inc., Apple, Inc., HP, Inc., StarHub AG (Asia Mobile Holdings Pte. Ltd.), Synnex Corporation, Softcat PLC, and The ODP Corporation (Compucom).
By Component
By Device Type
By Organization Size
By Industry Vertical
By Country
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