IT Asset Disposition (ITAD) Market Forecasts to 2028 – Global Analysis By Asset Type (Computers/Laptops, Hardware, Mobile Devices), End User (Aerospace, Data Centers, Government Offices) and By Geography
According to Stratistics MRC, the Global IT Asset Disposition (ITAD) Market is accounted for $13.44 billion in 2020 and is expected to reach $28.60 billion by 2028 growing at a CAGR of 9.9% during the forecast period. The growing implementation of regulatory compliances and environment safety and surging adoption of new technologies are the factors driving the market growth. However, the low awareness and high service costs are hampering the market growth.
IT asset disposition, commonly known as ITAD, can be defined as the process of re-using or recycling IT equipment. The ITAD process involves data destruction, reusable parts harvesting as well as repair of equipment. ITAD vendors specialize in the process of streamlining disposition of IT assets, while minimizing costs and maximizing recouping of losses.
Based on the end user, the information technology (IT) & telecom segment is going to have lucrative growth during the forecast period due to the rising requirement of advanced technology are reducing the lifespan of IT assets equipment in the IT industry is creating the need for IT asset disposition service.
By geography, Asia Pacific is going to have high growth during the forecast period due to the formulation of regulatory compliances for the proper disposal of IT assets and to safeguard the environment from the risky components of retired IT assets.
Some of the key players profiled in the IT Asset Disposition (ITAD) Market include Apto Solutions, Inc, Arrow Electronics, CloudBlue, Dell, EOL IT Services, Exit Technologies, GreenTek Teman Pvt Ltd, HP, IBM Corporations, Iron Mountain Incorporated, ITRenew, Maxicom Network Inc, Sims Recycling Solutions. Inc, TBS Industries Inc , and Tes-Amm India Private Limited .
Estimated Market Size in 2020:
USD 13.44 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 28.60 billion
Tables, Graphs& Figures
Asset Type, Program Span, Organization Size, Service, End User, Sales Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Asset Types Covered:
• Mobile Devices
• Smartphones & Tablets
• Storage Devices
Program Spans Covered:
• 1-2 Years
• 2-5 Years
• Over 5 Years
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
• Asset Tracking
• De-Manufacturing and Recycling
• Remarketing and Value Recovery
• Data Destruction/Data Sanitization
• Logistics Management and Reverse Logistics
• Other Services
End Users Covered:
• Aerospace and Defense
• Banking, Financial Services, and Insurance (BFSI)
• Data Centers
• Educational Institutions
• Food & Beverages
• Government Offices & Public
• Information Technology (IT) & Telecom
• Media and Entertainment
• Medical/Healthcare Industry
• Oil & Gas
• Other End Users
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global IT Asset Disposition (ITAD) Market is majorly driven by increasing inclination toward development of energy-efficient products, rising need for data and information security in old assets, and surging adoption of new technologies and BYOD trend.
The mobile devices segment is growing at a highest CAGR due to the growing number of tablets and smartphones for work under the growing popularity of BYOD.
Asia Pacific dominated with a significant market share due to the existence of tech giants in the region and increased investments in R&D by countries of India, China, and Japan.
North America market is growing at a highest CAGR due to the presence of giant companies and adoption of cloud-based technologies in the region.
Key players in IT Asset Disposition (ITAD) Market include Apto Solutions, Inc, Arrow Electronics, CloudBlue, Dell, EOL IT Services, Exit Technologies, GreenTek Teman Pvt Ltd, HP, IBM Corporations, Iron Mountain Incorporated, ITRenew, Maxicom Network Inc, Sims Recycling Solutions. Inc, TBS Industries Inc , and Tes-Amm India Private Limited.
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