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It Asset Disposition Itad Market

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

4.9 (27 reviews)
Published: July 2021 ID: SMRC20798
4.9 (27 reviews)
Published: July 2021 ID: SMRC20798

This report covers the impact of COVID-19 on this global market
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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 .

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 13.44 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

9.9%

Predicted 2028 Value:

USD 28.60 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

324

Chapters Covered:

Asset Type, Program Span, Organization Size, Service, End User, Sales Channel and Region

Core Drivers and Opportunities:

  • Rising need for data and information security in old assets
  • Growing implementation of regulatory compliances and environment safety
  • Emerging adoption of cloud-based technologies

Restraining Factors & Market Threats:

  • Low awareness and high service costs
  • Lack of comprehensive IT asset disposition policies

Asset Types Covered:
• Computers/Laptops 
• Desktops 
• Hardware 
• Mobile Devices 
• Servers 
• Smartphones & Tablets 
• Storage Devices 
• Peripherals       

Program Spans Covered:
• 1-2 Years
• 2-5 Years
• Over 5 Years

Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)     
  
Services Covered:

• Asset Tracking 
• De-Manufacturing and Recycling 
• Remarketing and Value Recovery 
• Data Destruction/Data Sanitization 
• Logistics Management and Reverse Logistics
• Remarking
• Other Services  

End Users Covered:
• Aerospace and Defense  
• Automotive  
• Banking, Financial Services, and Insurance (BFSI)  
• Chemical  
• Data Centers  
• Educational Institutions  
• Food & Beverages  
• Government Offices & Public  
• Information Technology (IT) & Telecom  
• Manufacturing  
• Media and Entertainment  
• Medical/Healthcare Industry  
• Oil & Gas  
• Pharmaceutical    
• Other End Users    

Sales Channels Covered:
• Direct Sales
• Distributor


Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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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