Global IT Asset Disposition (ITAD) Market : Industry Analysis And Forecast (2019-2027)

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Global IT Asset Disposition (ITAD) Market : Industry Analysis and Forecast (2019-2027)

Global IT Asset Disposition (ITAD) Market was valued at US$ 9.9 Bn in 2019 and is expected to reach 21.1 Bn by 2027, at a CAGR of 10.93 % during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global IT Asset Disposition (ITAD) Market

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Global IT Asset Disposition (ITAD) Market Dynamics:

ITAD is a process for the safe disposal of IT assets of an organization. ITAD includes several processes, including recovery, data sanitization/data destruction, and recycling. Companies increasing demand, the resale and remarketing of used equipment are direcing to gain the maximum possible of market share of ITAD market. The global ITAD market is projected to expand with the growing demand for used/refurbished IT equipment and increasing data security concerns across the globel.

IT asset disposition (ITAD) is increasingly being approved by companies across the globe to manage this waste disposal, minimize the risk of data loss, and the subsequent monetary loss. Variety of services such as recycling, recovery, data sanitization or data destruction amongst others, the ITAD market has captivated a large position for itself.

The IT asset disposition market is mainly driven by the growing electronics industry worldwide. Being one of the most active industries worldwide, manufacturers are always motivated towards developing more well-organized products so as to provide ever-changing industry requirements. Hence,it results to be the main concern for business enterprises i.e to dispose of the existing infrastructure.

The growing demand for IT asset disposition (ITAD) from the IT industry is projected to boost the global IT asset disposition (ITAD) market. Various factors such as the rise in disposable income, ecological impact, and increase in consumer awareness are the latest trends that influence the overall IT industry. Hence, these factors are projected to fuel the demand for the IT asset disposition (ITAD) market in the upcoming years. Moreover, the increasing IT industry is one of the major factor predictable to boost the demand for IT asset disposition (ITAD) market during the forecast period.

However, high investment cost for advanced technology and the absence of awareness of benefits of IT asset disposable among people are the factors that are hampering the growth of IT Asset Disposition (ITAD) Market during the forecast period.
Global IT Asset Disposition (ITAD) Market Segment Analysis:

The media and entertainment segment will be the major end user of the ITAD products and services in the predictable future. This end-user segment will increase at a CAGR of XX% during the forecast period. Unexpected growth in the demand for high-definition visual content has become the driving force behind the increasing usage of ITAD in the media and entertainment industry. The maximum number of assets operating the modified disposal services such as computers and laptops. This asset segment held 30% of market share in the overall market in 2019.
Global IT Asset Disposition (ITAD) Market Regional Analysis:

North-America had largest market share in Global IT Asset Disposition (ITAD) in 2019 and is expected to lead in the near future, owing to availability of huge IT market and cloud data centres and high diffusion of internet and growing usage of social media in the region.

Asia Pacific and the Middle East will also make large contributions to the development ofITAD market owing to developing economies and budding SMEs. Advancing technologies and changing provisions of IT equipment in countries such as China, India, and Australia are predictable to have a positive impact on the overall market share in forecast period.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global IT Asset Disposition (ITAD) market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. The report will address all questions of shareholders to prioritize the efforts and investment in the near future to the emerging segment in the Global IT Asset Disposition (ITAD) market.
Global IT Asset Disposition (ITAD) Market, Key Highlights:

• Global IT Asset Disposition (ITAD) Market analysis and forecast, in terms of value.

• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global IT Asset Disposition (ITAD) Market

• Global IT Asset Disposition (ITAD) Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

• Global IT Asset Disposition (ITAD) Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

• Global IT Asset Disposition (ITAD) Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global IT Asset Disposition (ITAD) Market are also profiled.

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Scope of the Global IT Asset Disposition (ITAD)Market Report: Inquire before buying

Global IT Asset Disposition (ITAD)Market, by Asset Type

• Hardware
• Computer/Laptops
• Mobile Devices
• Peripherals
• Storages
• Servers
• Others
Global IT Asset Disposition (ITAD)Market, by Service

• Data Sanitation / Destruction
• Recycling
• Remarking
• Asset Discovery
• Reverse Logistics
Global IT Asset Disposition (ITAD)Market, by Enterprise Size

• Small Enterprises
• Medium Enterprises
• Large Enterprises
Global IT Asset Disposition (ITAD)Market, by End-use Industry

• BFSI
• Government & Public
• IT & Telecom
• Aerospace & Defense
• Healthcare
• Energy & Utilities
• Media and Entertainment
• Data Centers
• Others
Global IT Asset Disposition (ITAD)Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global IT Asset Disposition (ITAD) Market

• Apto Solutions
• Arrow Electronics, Inc.
• Dell, Inc.
• EOL IT Services
• Exit Technologies
• Gigacycle
• GreenTekReman Pvt. Ltd.
• HP Ltd., ICEX Ltd.
• Ingram Micro, Inc. (Formerly CloudBlue)
• Iron Mountain, Inc.
• ITRenew, Inc.
• LifeSpan International, Inc.
• Maxicom Network, Inc.
• MultiTek, LLC.
• Sims Recycling Solutions, Inc.
• TBS Industries
• TES-AMM Pte Ltd. (Formerly Dataserv Group)
• The Centrics Group (Merged with ADAPTURE)
• Wisetek.

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