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Device-as-a-Service Market Size is expected to reach USD 2329.80 billion by 2032. The industry is undergoing a transformation driven by increasing demand for durable, high-performance industrial components across various sectors.
Market to Hit USD 2329.80 Bn by 2032
Device-as-a-Service Market size was valued at USD 179.19 billion in 2024 and expected to expand at a compound annual growth rate (CAGR) of 37.8% from 2025-2032, reaching USD 2329.80 billion by 2032. In 2024, Device-as-a-Service Market Size was valued at approximately USD 51.09 billion in North America and its Market share of 28.5%. Microsoft (US) was valued at with USD 254 billion Revenue in 2024. Also, in Europe, equating to revenues of USD 46.55 billion in 2024.
Leading market Players Fueling Industry Evolution
Microsoft (US) was valued at USD 254 billion in revenue in 2024, while Dell Technologies (US) was valued at USD 94 billion and Cisco Systems (US) was valued at USD 53.8 billion. These companies play an important role in the global digital transformation of enterprises, supporting everything from cloud infrastructure to secure networking and AI-driven innovation.
IT & Telecom is dominated by End-user segment in terms of value, in 2024
This IT & Telecom sector dominates the Device-as-a-Service Market which it expected to grow at the highest CAGR of 15.8% in the aforementioned forecast period. Access to safe, dependable, and higher performance IT equipment is crucial to the operations of the IT and telecommunications industries; as a result, the category provides the most major demand for IT devices e.g. laptops, and smartphones.
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Service is dominated by Offerings segment in terms of value, in 2024
This Services Sector dominates the Device-as-a-Service Market which is the subscription model relies heavily on service offerings, such as cloud services, software provisioning, IT support, device management, security, and remote monitoring.
North America is estimated to be the largest dominating region in terms of value, during the forecast period
This is the largest dominating region in Device-as-a-Service Market which the valued at approximately USD 51.09 billion in North America and its Market share of 28.5%. in 2024. This region is the leading DaaS market player in the world with regard to its emphasis on cloud services, cybersecurity, and hybrid work solutions as well as its well-established IT infrastructure.
Europe is estimated to be the Second-largest dominating region in terms of value, during the forecast period
This is the second largest region in Device-as-a-Service Market which the valued at approximately USD 46.55 billion in 2024. the region’s commitment to data security and privacy regulations, combined with a mix of SMEs and large enterprises, positions Europe as a key player in the global DaaS market.
Device-as-a-Service Market Competitive Landscape
Microsoft: Microsoft (US) was valued at USD 254 billion in revenue in 2024. Microsoft made significant investments in AI research and development, integrating AI capabilities across multiple product lines. The company continues to extend its cloud offerings, which helped drive revenue growth.
Dell Technologies: This company was valued at USD 94 billion revenue in 2024. Dell’s AI Factory, which launched in May 2024, offered infrastructure, solutions, and services to accelerate AI implementation at scale. Dell offered AI advancements in November 2024 to assist Microsoft clients speed AI adoption and boost their cybersecurity policies.
Cisco Systems (US): The company was valued at USD 53.8 billion in 2024. The company joined the AI server industry by providing data center servers powered by Nvidia CPUs, seeking to compete with Dell and others. In March 2025, the company announced plans to deliver secure AI infrastructure in collaboration with NVIDIA.
To know the most attractive segments, click here for a free sample of the report: https://www.stellarmr.com/report/req_sample/Device-as-a-Service-Market/448
Emerging Trends in the Device-as-a-Service Market
- Emerging trends in the Device-as-a-Service (DaaS) market indicate a significant move toward AI-powered solutions, cloud integration, and improved security features.
- Companies such as Microsoft are combining their DaaS products with AI and Azure cloud capabilities to improve device lifecycle management.
- Dell Technologies is focusing on AI, edge computing, and hybrid work environments, while also expanding its DaaS portfolio through strategic alliances and innovation.
- Cisco, renowned for its cybersecurity and networking skills, is combining AI and secure infrastructure into its DaaS offering.
- Additionally, the increased demand for flexible, scalable solutions, fueled by remote work and digital transformation, is causing these businesses to provide more secure, automated, and cost-effective device management services.
Conclusion
- Device-as-a-Service (DaaS) market is expected to rise rapidly, with a CAGR of 37.8%, reaching USD 2,329.80 billion by 2032.
- The continuing digital revolution in numerous industries, particularly in IT, telecom, and enterprise, is increasing need for flexible, scalable, and secure device management solutions.
- Companies such as Microsoft, Dell Technologies, and Cisco Systems are at the vanguard of this transition, using AI, cloud infrastructure, and cybersecurity advances to suit businesses’ rising needs.
- North America dominates the industry, with Europe following closely behind, both benefiting from strong IT ecosystems and an increased emphasis on data security.
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