Uploaded on Apr 28, 2021
The global IT asset disposition (ITAD) market is predicted to touch USD 27 billion at a 12% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. IT asset disposition or ITAD Market, simply put, is a process to dispose of unwanted or outmoded equipment in an environmentally responsible & safe manner. It has wide applications in media and entertainment, manufacturing, aerospace and defense, education, IT and telecom, BFSI, and others. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1002
IT Asset Disposition (ITAD) Market Demands and Growth Prediction to 2027
Market Analysis
The global IT asset disposition (ITAD) market is predicted to touch USD 27 billion at a 12% CAGR
between 2019- 2025 states the recent Market Research Future (MRFR) analysis. IT asset
disposition or ITAD Market, simply put, is a process to dispose of unwanted or outmoded
equipment in an environmentally responsible & safe manner. It has wide applications in media
and entertainment, manufacturing, aerospace and defense, education, IT and telecom, BFSI,
and others.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1002
Various factors are propelling the global IT asset disposition market share. As per the current
MRFR report, such factors include stringent data security compliance with environmental
regulations, growing need for maximizing asset value recovery and storing assets in inventory,
increasing use of electronic gadgets for enterprise usage such as tablets, laptops, and mobiles,
demand for consumer electronics, need for efficient disposition of IT assets, and
unprecedented use during the COVID-19 outbreak.
On the contrary, high capital investment, lack of awareness, requisite certification to get
recognition, and concerns about data security are factors that may limit the global IT asset
disposition market growth over the forecast period.
Key Players
Eminent contenders profiled in the global IT asset disposition market report include Iron
Mountain Incorporated (US), Maxicom Network, Inc (India), Exit Technologies (France), EOL IT
Services (UK), GreenTek Reman Pvt. Ltd (India), Tes-Amm India Pvt. Ltd (India), ITRenew (US),
Apto Solutions, Inc. (US), TBS Industries Inc. (US), Sims Recycling Solutions, Inc.(India),
CloudBlue (US), Arrow Electronics (US), HP (US), Dell (US), and IBM Corporation (US).
Regional Analysis
Based on the region, the IT Asset Disposition (ITAD) Market Trends report covers the growth
opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the
Middle East and Africa (MEA). Of these, North America will spearhead the market over the
forecast period. Early adoption of recent technologies & the presence of several giant
companies are adding to the global IT asset disposition market growth in the region.
The global IT asset disposition market in the APAC region is predicted to grow at a fast pace
over the forecast period. The presence of leading tech giants, shift towards BOYD, early
adoption of technology, increasing investments in R&D, and growing need for data security are
adding to the global IT asset disposition market growth in the region. India, China, and Japan
have the largest share in the market.
The global IT asset disposition market in Europe is predicted to have healthy growth over the
forecast period. The UK, France, and Germany have the maximum share in the market.
The global IT asset disposition market in the MEA is predicted to have sound growth over the
forecast period.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global IT asset disposition
market based on industry vertical, organization size, service, and asset type.
By asset type, the global IT asset disposition market is segmented into peripherals, storage
devices, servers, mobile devices, and computers. Of these, the mobile devices segment will lead
the market over the forecast period and at a high CAGR. The rising number of tablets and
smartphones for work for increasing popularity of BYOD is adding to the growth of the
segment.
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disposition-market-1002
By service, the IT Asset Disposition Market is segmented into remarking, logistics management,
remarketing and value recovery, de-manufacturing, reverse logistics, recycling, and data
destruction.
By organization size, the global IT asset disposition market is segmented into large enterprises
and SMEs. Of these, the SMEs segment will dominate the market over the forecast period. The
rising trend of BYOD at workplaces is adding to the growth of the segment.
By industry vertical, the global IT asset disposition market is segmented into media and
entertainment, manufacturing, aerospace and defense, education, IT and telecom, BFSI, and
others. Of these, the media and entertainment industry will command the largest share in the
market over the forecast period and at a high CAGR.
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