The Latin America, Middle East and Africa Device-as-a-Service Market would witness market growth of 38.9% CAGR during the forecast period (2021-2027).
The Device-as-a-Service consists of offering PCs, smartphones, and other mobile computing gadgets as a paid service, where end users only require an internet connection. Through DaaS, providers can select desktop laptops, PCs, etc., and preconfigure & personalize them with safety & productivity applications. It also involves value-added services to make the devices ready for business or customers. Earlier, devices were purchased by organizations, and the devices are funded on the basis of a consumption model. However, it may replicate a lease tradition, but DaaS is more bothered with the services related to the devices instead of the devices themselves.
By opting for DaaS, companies can efficiently allocate their funds to their core activities. Companies can also utilize their funds as per their requirements through a predictable monthly subscription. In addition, it also enables them to rapidly scale up or down as their team grows or shrinks. Transparent and constant pricing also eliminates the requirement to pay the heavy costs generally related to procuring new devices.
The increasing awareness among the companies regarding the benefits of using DaaS services is contributing to the significant regional growth. SMEs are increasingly spending on DaaS so that they can cut down their overall cost and focus more on investing their capital in the core activities. In addition, the growing capital of the small and large organizations is also creating more demand for Device-as-a-service.
Cost reduction is one of the major factors for small enterprises due to their limited budget, which would augment the regional growth of DaaS. It also helps SMEs to have proper management of their hardware and software, which helps in improving their productivity and efficiency and further provides them a competitive edge in the market.
The Brazil market dominated the LAMEA Laptops, Notebooks & Tablets Device-as-a-Service Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,184.2 million by 2027. The Argentina market would witness a CAGR of 39.1% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 38.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Device-as-a-Service Market is Predict to reach $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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