Global Device as a Service (DaaS) market likely to grow at a CAGR of 56% during 2021-26

DELTA, British Columbia - Aug. 16, 2021 - PRLog -- According to MarkNtel Advisors' research report, "Global Device as a Service (DaaS) Market Analysis, 2021," the market is likely to grow at a CAGR of 56% during 2021-26. The market growth attributes to the benefits offered by the DaaS, such as reducing the workload on IT staff and automating the management of updates & patches. Further, the snowballing demand for subscription-based models and the burgeoning number of market players providing device-as-a-service further contribute to the market growth. Additionally, the rising adoption of cloud computing services in emerging countries is another critical aspect likely to boost the Global Device as a Service (DaaS) Market growth in the coming years.

Impact of COVID-19 on the Global Device as a Service (DaaS) Market

The outbreak of the COVID-19 pandemic has adversely impacted most industries, barring a few, including the Device as a Service (DaaS) market owing to the rising trend of work from the home culture, which has resulted in augmenting the demand for the Device-as-a-Service model.

The demand for DaaS significantly increased during the pandemic to efficiently manage hardware devices and software required to work effectively in remote working environments.

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Healthcare Exhibits Fastest Growth

Based on the End-User, the market bifurcates into IT/ITES & Telecom, Government, BFSI, Healthcare, and Education. Of these segments, the Healthcare segment is more likely to grow substantially in the Global Device as a Service (DaaS) Market during the forecast period. The segment growth owes to the digital transformation and introduction of revolutionary technologies in the healthcare sector. The use of DaaS in the healthcare industry is beneficial for preventing security issues and improving employee communication. Therefore, based on these aspects, the healthcare segment is very likely to contribute to the overall market growth in the forecast period, reveals MarkNtel Advisors' in their research report, "Global Device as a Service (DaaS) Market Analysis, 2021."

According to MarkNtel Advisors, the major leading players in the Global Device as a Service (DaaS) Market are Lenovo, Hewlett Packard, CompuCom, Citrix, Dell Technologies, Microsoft Corporation, Amazon Web Services, HCL, and Cloudalize.