Market Highlights
The global IT asset disposition (ITAD) market 2020 study by Market Research Future offers comprehensive analysis by saying that the market is anticipated to witness significant momentum of USD 27 billion during the years from 2019 to 2025. The growth rate is prone to be 12% of CAGR in the anticipated period, owing to the trend of BYOD, which is keeping shares of the most prominent players in this landscape. Along with this, in-depth commentary on the key influencing factors, market statistics in terms of revenues, segmental data, and regional data are equally offered in the study that captures all the facets of the global IT asset disposition market.
Moreover, the research report gives detailed data about the major factors influencing the growth of the IT Asset Disposition (ITAD) market at the national and local level forecast of the market size, in terms of value, market share by region, and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT, product portfolio and growth strategies.
A host of factors are expected to boost the prospects for ITAD services market in the coming years. ITAD services market typically stands to gain from massive installed base of IT systems such as computers and servers; growing adoption of advanced technologies and concepts such as cloud computing and BYOD; fast evolving role of IoT; and shift towards Industry 4.0 & `Smart Factory` environments. At the same time, factors such as environmental concerns and regulatory issues pertaining to IT assets disposal, and data security regulations such as GDPR will have a strong bearing on future growth of the ITAD services market. In post COVID-19 period, enterprises will be more willing to leverage ITAD services such as recovery, recycling, data destruction or data sanitization, to manage the waste disposal, restrict the risk of data loss, and the subsequent financial losses, thus giving impetus to ITAD services market. Rising demand for refurbished/used IT equipment and rapidly evolving data security concerns with discarded IT equipment, also favor long-term growth in the ITAD services market.
The escalation of the market is further driven by more factors such as the need to store assets in inventory for remarketing, strict data security compliance with environmental regulations, and necessitate to exploit asset value recovery. The surging usage of electronic devices such as laptops, mobiles, and tablets for enterprise usage is also forceful towards the demand for IT asset disposition, thus impacting the market to a great extent.
On the contrary, the factor of lack of comprehensive IT asset disposition policy might hamper the overall growth of the IT asset disposition market at a global level.
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Segmentation:
The global IT Asset Disposition (ITAD) market, as per the study, has been segmented among service, asset type, industry vertical, and organization size.
By the segment of asset type, the market includes mobile devices, computers, storage devices, servers, and peripherals. The mobile devices segment might exhibit the highest CAGR owing to the rising number of Smartphones and tablets for work under the growing popularity of BYOD.
By the segment of service, the market has included recycling, data destruction, de-manufacturing, reverse logistics, logistics management, remarketing & value recovery, and remarking.
By the segment of the organization, the market includes small, medium, and large enterprises. Among these, small and medium enterprise segments might record the higher CAGR during the forecast period in support of the growing trend of BYOD at workplaces.
By the segment of industry vertical, the market has included IT & telecom, BFSI, aerospace & defense, education, media & entertainment, manufacturing, and others. Wherein the media & entertainment industry, might exhibit the highest CAGR during the forecast period.
Regional Outlook
The geological analysis of the global IT Asset Disposition (ITAD) market has been conducted for the key regions of Europe, North America, the Middle East & Africa, Asia-Pacific, and South America.
Among these, the region of North America is leading the global IT Asset Disposition (ITAD) market owing to the existence of early adopters of the latest technologies. Besides, giant companies such as Dell, IBM Corporation, Arrow Electronics, HP, and Cloud Blue are leading the IT Asset Disposition (ITAD) markets in this region. These are some of the factors accountable for the augmentation of the global IT Asset Disposition (ITAD) market during the assessment period.
The market in Asia-Pacific might also register the highest CAGR in the global IT Asset Disposition (ITAD) market during the assessment period owing to the existence of tech giants such Iron Mountain Incorporated, as Blancco Technology Group, and Tech Dynamic Pte Ltd. The other factors liable for the growth of the market are the early adoption of technology and the mounting shift to BYOD. Furthermore, the expanding need for data security and augmented investments in research & development by countries of Japan, China, and India are other factors driving the growth of the market.
Top Market Contenders
The top key players of IT Asset Disposition (ITAD) market are listed as Dell (US), IBM Corporation (US), Arrow Electronics (US), HP (US), Sims Recycling Solutions, Inc.(India), CloudBlue (US), Apto Solutions, Inc. (US), TBS Industries Inc. (US), Tes-Amm India Pvt. Ltd (India), ITRenew (US), EOL IT Services (UK), GreenTek Reman Pvt. Ltd (India), Maxicom Network, Inc (India), Exit Technologies (France), and Iron Mountain Incorporated (US).
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IT Asset Disposition (ITAD) Market Research Report: By Asset Type (Computer, Mobile Devices, Servers, Storage Devices, and Peripherals), Service (Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, Remarketing & Value Recovery, Logistics Management, and Remarking), Organization Size (SMEs and Large Enterprise), and Industry Vertical (Aerospace & Defense, Energy and Power, Pharmaceutical, Oil & Gas, Food & Beverages, Chemical, Automotive, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America)-Forecast till 2027
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