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Companies in different industries have various tasks to do, like keeping track of their supplies, and they need to do these tasks in a safe computer environment. To make sure their computer systems are secure, companies often get help from other companies that provide IT solutions. One popular trend is called "device-as-a-service" or DaaS. This means that instead of companies buying and managing their own devices, they hire other companies to do it for them. Big IT companies like HP Inc. and Microsoft are big fans of this trend.
The main reason companies like DaaS is that it helps them lower the amount of money they spend on buying and running computer devices. It's like renting devices instead of owning them. Small and medium-sized companies also like this idea. Another thing driving this trend is the increasing use of the Internet of Things (IoT), where devices are connected and share information.
However, not everyone is a fan of DaaS. Some small companies let their employees use their own devices (BYOD) or pick the devices they want (CYOD), and this can make using DaaS a bit tricky. Also, some companies worry about not having enough people who know a lot about technology, and they are concerned about how safe it is.
Over time, companies have been using more and more advanced technology, which has made the cost of their computer systems go up. This has led to higher capital and operational expenses. A survey by Spiceworks, Inc. found that many companies in North America and Europe increased their budgets for upgrading their old computer systems. Around 64% of these companies spent more money on their IT budgets in 2019 to make sure their technology is up to date. The survey highlighted the main reasons companies spent more money on IT in 2019.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 68.3 Billion |
| Market Size Value In 2023 | USD 117.0 billion |
| Growth Rate | 25.7% (2022-2030) |
Device as a Service Market Highlights:
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