Latin America Device as a Service (DaaS) Market Size, Demand, Key players Analysis & Forecast 2024-2030

Market Insights

As per recent research by MarkNtel Advisors, The Latin America Device as a Service (DaaS) Market is estimated to grow at a CAGR of around 29.80% during the forecast period, i.e., 2024-30.

Latin America Device as a Service (DaaS) Market Driver:

Increasing Adoption of DaaS Within the BFSI Sector Amplifying Market Growth– In recent years, the BFSI sector in Latin American countries has significantly digitalized. The financial institutions in Latin America are increasingly providing digital payment solutions to consumers to provide them with more flexibility and reliability. This transition towards digitalization is increasing the requirement for storage, servers, desktops, and other computation devices in the region. As a result, they are actively seeking DaaS solutions to fulfill the need for the devices to maintain their operative productivity.

Additionally, consumers in Latin American nations are also shifting towards online payments. According to Visa, a top credit card service corporation company, more than 60% of the consumers in Latin America receive their money via online bank transfers and about 14% of the individuals receive it via digital means. This increasing shift towards online payment solutions is resulting in the requirement for high-power computing devices. As a result, financial institutions are actively opting for DaaS solutions, expanding the Latin America Device as a Service (DaaS) market size.

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Market Segmentation and Consumer Behavior:

By Type

Hardware - Market Size & Forecast 2019-2030, USD Million
- Desktop- Market Size & Forecast 2019-2030, USD Million
- Laptop- Market Size & Forecast 2019-2030, USD Million
- Tablets- Market Size & Forecast 2019-2030, USD Million
- Telephones- Market Size & Forecast 2019-2030, USD Million
- Others (Printers, etc.) - Market Size & Forecast 2019-2030, USD Million
Software - Market Size & Forecast 2019-2030, USD Million
- Business Software- Market Size & Forecast 2019-2030, USD Million
- Security- Market Size & Forecast 2019-2030, USD Million
- Asset Management- Market Size & Forecast 2019-2030, USD Million
- Monitoring & Reporting Analytics- Market Size & Forecast 2019-2030, USD Million
Services - Market Size & Forecast 2019-2030, USD Million
- Type & Maintenance- Market Size & Forecast 2019-2030, USD Million
- Configuration Services- Market Size & Forecast 2019-2030, USD Million
- Recovery & Renewal Services- Market Size & Forecast 2019-2030, USD Million

By Enterprise Size

Large Enterprises- Market Size & Forecast 2019-2030, USD Million
Medium Enterprises- Market Size & Forecast 2019-2030, USD Million
Small Enterprises- Market Size & Forecast 2019-2030, USD Million

By End User

IT/ITES & Telecom - Market Size & Forecast 2019-2030, USD Million
Government - Market Size & Forecast 2019-2030, USD Million
BFSI - Market Size & Forecast 2019-2030, USD Million
Healthcare - Market Size & Forecast 2019-2030, USD Million
Education - Market Size & Forecast 2019-2030, USD Million
Others (Retail, Law Firm, etc.) - Market Size & Forecast 2019-2030, USD Million

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Latin America Device as a Service (DaaS) Market Geographical Analysis:

By Country:

Mexico
Brazil
Argentina
Chile
Rest of Latin America

Key Players and Competitive Strategies in the Latin America Device as a Service (DaaS) Market

Several prominent players dominate the Latin America Device as a Service (DaaS) Market, including:

Lenovo Group Limited
Hewlett Packard Enterprise Development LP
CompuCom Systems, Inc.
Citrix Systems, Inc.
Dell Inc.
Microsoft Corporation
Amazon Web Services, Inc.
HCL Technologies Limited
Ricoh América Latina
CSI Leasing, Inc.

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Questions Addressed in this Study

1.What factors are driving the Latin America Device as a Service (DaaS) Market growth?

2.How is the Latin America Device as a Service (DaaS) Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Latin America Device as a Service (DaaS) Market?

4.What is the current size of the Latin America Device as a Service (DaaS) Market, and how is it projected to change in the future?

5.What is the future outlook for the Latin America Device as a Service (DaaS) Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.