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Subject: MRR

Device as a service market size to grow by USD 249,546.27 million from 2022 to 2027; The Increased adoption of the bring-your-own-device (BYOD) concept to drive market growth - Technavio

NEW YORK, May 29, 2023 /PRNewswire/ -- The device as a service market size is expected to increase by USD 249,546.27 million from 2022 to 2027, registering a CAGR of 31.07%, according to the latest research report from Technavio. Discover IT Consulting & Other Services industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The device as a service market covers the following areas:

Device As A Service Market Sizing
Device As A Service Market Forecast
Device As A Service Market Analysis

Vendor Landscape

The competition among vendors in the global device as a service is moderate. The substantial increase in the demand for flexible workforce solutions will Increase the demand for device-as-a-service solutions. Vendors develop customized device-as-a-service solutions to increase their market share. The device as a service market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Vendor Offerings

For market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in a minutes

Key Market Segmentation

This device as a service market report extensively covers market segmentation by device (desktops, laptops, tablets, and others), component (hardware, software, and services), and geography (North America, APAC, Europe, South America, and Middle East and Africa). 

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

North America is estimated to account for 31% of the market growth during the forecast period. The region is anticipated to contribute significantly to the revenue of the market. A major reason for the growing demand for device-as-a-service solutions in the US is the growing demand for on-premises data center management and cloud computing services. Additionally, the flexibility of the device as a service solution makes it suitable for workloads that are transient, experimental in nature, or subject to unexpected change. Moreover, the high demand for virtual apps and desktops among employees of various organizations in this region will drive the growth of the market during the forecast period. Hence, such factors drive growth in the regional market during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

Device as a service market - Market Dynamics



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The SOC-as-a-Service market is estimated to grow at a CAGR of 11.21% between 2022 and 2027. The size of the market is forecast to increase by USD 2,795.9 million. This report extensively covers market segmentation by end-user (large enterprises and SMEs), service (prevention services, incident response services, and detection services), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rising bring-your-own-device and work-from-home model are notably driving the market growth.

The firewall as a service market size is expected to increase by USD 1.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 19.9%. Furthermore, this report extensively covers firewall as a service market segmentation by end-user (BFSI, healthcare, retail, education, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing need for network security and privacy is notably driving the firewall as a service (Fwaas) market growth.

Device As A Service Market Scope

Report Coverage


Base year


Historic period


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 31.07%

Market growth 2023-2027

USD 249,546.27 million

Market structure


YoY growth 2022-2023(%)


Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Accenture Plc, Acer Inc., Amazon.com Inc., Apple Inc., Atea ASA, CHG MERIDIAN AG, Cisco Systems Inc., Citrix Systems Inc., CompuCom Systems Inc., Computacenter plc, Dell Technologies Inc., Foxway, HP Inc., Intel Corp., Lenovo Group Ltd., Microsoft Corp., PC Connection Inc., Probrand Ltd., Stefanini Group, and Total IT Global

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Device

7 Market Segmentation by Component

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

SOURCE Technavio

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