The global IT asset disposition (ITAD) market size is projected to exceed around USD 22,150.4 million by 2026, the market is estimated to grow at 6.9% CAGR during the forecast period. Increase in usage of electronic devices is one of the factors that is expected to boost the growth of the global IT asset disposition (ITAD)market.
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ITAD is a process used for the safe removal of IT assets of an organization. IT asset disposition (ITAD) comprises several processes that include data destruction, recycling, and recovery. The companies in the global IT asset disposition market are gradually increasing the demand for resale or remarketing of the used IT equipment with an objective to gain the maximum possible return on investment. The global IT asset disposition (ITAD) market is predicted to grow with the growing demand for refurbished IT equipment and growing data security concerns globally. The rising incidence of the introduction of the new products and innovations in the IT industry specifies that the IT industry is a constantly evolving landscape. The advancement of the IT industry is due to the introduction of cloud computing, Big Data analytics, cognitive computing, and the Internet of Things (IoT) that are helping in expanding the businesses worldwide. Growing usage of information and communication technology devices, combined with the reducing lifec ycle of IT products, creates the demand for the manufacturers to dispose of the electronic waste securely. For instance, according to the global e-waste monitor 2017,the e-waste generation is expected to increase significantly in the coming years. Thus, the substantial growth in the e-waste generation is disturbing the environment. In order to dispose of the IT waste andto reduce its side effects, the key companies in the global ITAD market are recovering, and recycling electronic waste and disposing them safely. This factor is expected to drive the demand for the global IT asset disposition market significantly. The global IT Asset Disposition (ITAD) market is expected to have a positive influence due to several industry-specific factors.
The global IT asset disposition (ITAD) market is segmented into asset type, service, enterprise size, end-use industry, and region. On the basis of asset type, the global IT asset disposition (ITAD) market is segmented into hardware, computer/laptops, mobile devices, peripherals, storages, servers, and others. On the basis of service, the global IT asset disposition (ITAD) market is segmented into data sanitation/destruction, recycling, remarking, asset discovery, and reverse logistics. On the basis of enterprise size, the global IT asset disposition (ITAD) market is segmented into small enterprises, medium enterprises, and large enterprises. On the basis of end-user industry, the global IT asset disposition (ITAD) market is segmented into BFSI, government & public, IT & telecom, aerospace &defense, healthcare, energy & utilities, media and entertainment, data centers, and others. On the basis of the region, the global IT asset disposition (ITAD) market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Some of the major players associated with the global IT asset disposition (ITAD) market are Apto Solutions, Dell, Inc., Exit Technologies, GreenTekRemanPvt. Ltd, ICEX Ltd, Iron Mountain, Inc., LifeSpan International, Inc., MultiTek, LLC., TBS Industries, The Centrics Group, Arrow Electronics, EOL IT Services, Wisetek, Gigacycle, HP Ltd., Ingram Micro, Inc. (Formerly CloudBlue), ITRenew, Inc., Maxicom Network, Inc., Sims Recycling Solutions, Inc., and TES-AMM Pte Ltd. (Formerly Dataserv Group), etc.The key players in the IT asset disposition (ITAD) market are constantly focusing on research and development activities in order to expand its product portfolio and increase their customer base in developing regions. The major strategies adopted by the IT asset disposition (ITAD) solution providers that include strategic acquisitions and partnerships. During the forecast period, it is projected that the established players in the global market will merge with large enterprises or will compete with emerging players in the market. Also, the leading ITAD solution providers will be focused on acquiring regional players in order to improve their distribution networks geographically. These factors are estimated to offer lucrative growth opportunities for the prominent players in the IT asset disposition (ITAD) market.
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