By that I assume you mean an external DAC. If you're using digital media you always need a DAC of one form or another.
I have an Oppo UDP-205 that I use for playing shiny disks and streaming media from a NAS (turns out it can also stream live TV from my HDHomerun tuner, though it's not optimal for that) and acts as a Roon endpoint. I deem the DAC in the Oppo of sufficient quality to use for all these purposes. My Benchmark DAC1 Pre has been retired to my bedroom system. Decoding of other video media, like streaming boxes such as Apple TV and Kodi is done with an Outlaw Audio 975 a/v processor. The Oppo can also do external DAC service but I have so far not found the need.
I have a large classical CD collection. Metadata for classical from the Internet is a mess, and I get frustrated with all the grooming required when I rip a CD. I doubt they will all get ripped--and the collection is still growing--in my lifetime. I also have a large vinyl collection that I have no intention of digitizing, and gets played on a SOTA Star turntable with a Sumiko Blue Point Special cartridge. I haven't found a music streaming service so far of sufficient interest to justify a monthly fee.
DACs these days come in a variety of combinations. Streamer-DACs are especially common. Some of them make a big point of having a superior headphone output, which is of little interest to me. Some can do direct DSD to analog conversion, which theoretically is of interest to me. But the only native DSD format I regularly listen to so far is SACD disks, which I play directly on the Oppo. The Oppo has issues with playing multi channel DSD via Roon, which Kal Rubinson explains in detail on one of the Roon forums. I think, but don't know yet, that it can handle multi channel DSD files by other means, but I have so far not acquired any.
BTW, I'm not a member of the "analog forever!" camp. I do enjoy playing records, including newly acquired premium pressings. But if I were starting from scratch, I doubt that I would buy a turntable. And what I would do about digital media remains an open, but moot, question.