Why Companies are Switching to DaaS to Manage Tech Lifecycles

An increasing number of organisations are switching to Device-as-a-Service (DaaS) for their IT needs, handing over control of product lifecycles to their tech providers. According to a Fortune Business Insights survey, the DaaS market is expected to leap from $27.62 billion in 2023 to over $226 billion by 2032, and it’s easy to see why.  

Device-as-a-Service models include management services and IT equipment as part of a paid subscription. There are multiple operational, economic and sustainability benefits to DaaS. These include predictable budgeting and scalability, access to the latest and most efficient devices, reliable support infrastructure, seamless device management, and responsible recycling or refurbishment when devices reach end-of-life. 

In a recent IDC InfoBrief survey, sponsored by Lenovo, it was found that as-a-Service models enable organisations to improve operational efficiencies, save costs and reach sustainability goals. Constant monitoring, embedded life-cycle services, and secure decommissioning can reduce the risk of financial and regulatory penalties and deliver a better employee experience. 

Managing tech lifecycles more efficiently 

Have you ever wondered what happens to all those old devices you no longer need when your business upgrades its tech stack?  

Decommissioning unwanted laptops, desktops and other devices can be a big concern and as per an IDC report, 43% of organisations lack the tools to manage circularity in their operations. You are not alone on this journey – by leveraging solutions such as Lenovo’s TruScale DaaS, you can manage tech lifecycles more efficiently. 

Our TruScale DaaS solution helps eliminate overprovisioning and optimises both resources and costs. It’s generally delivered through a convenient, predictable subscription model, and it’s a particularly efficient way to manage the footprint of end-user devices, without making life more difficult for your business. 

You can relax safe in the knowledge that devices are either reused through initiatives such as Lenovo Certified Refurbished, or responsibly recycled, contributing to the circular economy.  

Supporting greater scalability 

Because you’re effectively leasing the equipment you need, when you need it, DaaS solutions are far more effective when it comes to scalability. You can easily and quickly scale up when business is going well or cut back, when necessary, in a way that’s simply not possible with a tech stack that you own outright.  

Not only does this mean that your employees always have access to the latest and most power-efficient devices, it also helps to reduce overprovisioning during periods when you are scaling back.  

Handing over operational challenges 

DaaS also enables you to transfer operational challenges from your own IT team to your technology provider. This can make a huge difference to your organisation. With a DaaS solution such as Lenovo TruScale, your business can hit the ground running, with new devices set up and ready to go.  

With your tech provider handling configuration, deployment, and maintenance of technology throughout the lifecycle of your tech stack, your IT team can instead focus on business-critical tasks, focusing on what they do best to drive your organisation forward.  

Enabling investment in other areas of the organisation 

Embracing a monthly subscription model to finance your tech stack also pays dividends in other areas, namely freeing up capital expenditure that can be invested back into your company. You could even use the money saved to invest in additional sustainability initiatives, further benefiting your business and society at large by helping your company to meet sustainability targets.  

A monthly subscription for DaaS can also be beneficial when it comes to managing your budget. Device-as-a-Service can take the stress out of IT ownership and the risk of older equipment breaking when you need it most – simple and predictable pay-as-you-go solutions to help optimise your IT budgets.  

A step towards meeting your sustainability targets 

Switching to DaaS solutions can be a useful step in the right direction. As the IDC InfoBrief points out, “business leaders have seen that as-a-Service models improve cost metrics, reduce complexity, and offer end-of-life decommissioning,” and this can make a big difference when it comes to meeting your IT sustainability objectives.  

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