The Europe Device-as-a-Service Market would witness market growth of 34.5% CAGR during the forecast period (2021-2027).
The high adoption of the subscription-based services model is one of the major factors fueling the growth of the device-as-a-service market. It is because this model for a device as a service helps the customers to shift the huge cost of procuring the latest technology from a capital expenditure to an operating expense.
It leads the organizations to allot available cash for investment in their strategic initiatives that will result in more revenue generation. In addition, minimized help desk volume, policy compliance, and improved end-user productivity are some of the driving factors of the market, which benefits a company by outsourcing services on numerous devices that come with different operating systems in the device as a service market.
The DaaS is becoming an administration model developed for managing equipment gadgets, like PCs, tablets, or cell phones, and the product, which is required to run in a company. The ability of DaaS suppliers to deliver administration to customers with a monthly membership fee will contribute to the increasing popularity of the system. Nowadays, the device as a service market is becoming an important part across ventures to minimize the IT costs, specifically for IT equipment foundation that is the key aspect for the development.
The digital transformation in the Europe region is motivating companies to adopt various systems and models to boost their productivity at a lower cost. In addition, several companies are shifting their focus from heavily investing in hardware and software to smartly allocating funds on other core activities while adopting device-as-a-service.
Moreover, several companies in this region are witnessing a growing requirement for minimizing capital expenditure (CAPEX) and operational expenditure (OPEX), which is further creating demand for the DaaS model. In addition, the high adoption of contract-based services and software by the SMEs in this region is also opening new growth avenues for the market players operating in the regional market.
The Germany market dominated the Europe Educational Institutions Device-as-a-Service Market by Country 2020, thereby, achieving a market value of $1,956.2 million by 2027. The UK market is exhibiting a CAGR of 34.3% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 36.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Device-as-a-Service Market Size will Hit $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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