13-Oct-2021 | Zion Market Research
As per the findings of Zion Market Research study, IT Asset Disposition (ITAD) industry gathered revenue about US$ 13.1 billion in 2020 and is slated to earn revenue of approximately US$ 22.4 billion by 2028. The IT Asset Disposition (ITAD) market is projected to register highest gains of approximately 8.1% in 2021-2028. Additionally, expansion of IT asset disposition (ITAD) market over 2021-2028 can be attributed to large-scale acceptance of BYOD devices in various organizations. Onset of big data analytics, cloud computing, and IoT are likely to reduce life expectancy of IT devices, thereby creating massive need for hiring services of IT Asset disposition vendors. This trend is likely to steer growth of IT asset disposition (ITAD) market. Need for reducing environmental hazards caused as a result of electronic waste disposal will open new vistas of growth for IT Asset disposition (ITAD) business. With large number of firms governed by HIPAA & FACTA, the market for IT Asset disposition (ITAD) is projected to expand geometrically in coming decade.
Computer/Laptops Segment To Dominate Asset Type Landscape By 2028
Growth of segment over forecast timeframe can be credited to massive product demand owing to its significant contributions in achieving huge returns for various businesses. Apart from this, laptops or desktops and computers can be purchased at reasonable prices and enhance operational efficiency due to its high speed. Laptops are portable and can also be charged with help of battery chargers. Moreover, these products are user-friendly and hence are likely to contribute majorly towards overall market share by 2028.
Remarketing & Value Recovery Segment To Account For Major Market Revenue Share By 2028
The service type segment expansion over next seven years can be credited to huge revenues accrued from the segment as the latter offers a slew of benefits to users including security, enhanced efficiency, and asset sustainability. Apart from this, small as well as medium scale firms reuse IT assets devices with help of refurbishment, disassembly, and redeployment, thereby accounting for huge returns for firms.
IT & Telecom Business To Make Notable Contributions Towards IT Asset Disposition (ITAD) Market Share Over 2021-2028
Sizable growth of IT & Telecom vertical can prove beneficial for IT Asset Disposition (ITAD) Market expansion in coming years. The industry growth can be attributed to induction of new technologies and 5G networks resulting in disposing of outdated IT assets. Apart from this, need for advanced telecom equipment compatible with new networks in telecom sector will prompt growth of IT asset disposition (ITAD) market in years to come.
Asia Pacific Market To Register Highest Gains Over Forecast Timespan
Growth of regional market over forecast timeframe can be credited to large-scale acceptance of these ITAD services in industrial nations such as Australia, China, Japan, and South Korea. Apart from this, thriving IT sector in India, Indonesia, Philippines, Vietnam, and Thailand will contribute notably towards IT Asset Disposition (ITAD) market size in region over forecasting timespan.
Some of the key players are influencing growth of IT Asset Disposition (ITAD) market and are profiled in our report. These include firms such as Apto Solution, Inc., Arrow Electronics, CloudBlue Technologies, Inc., IBM, TES (Singapore) Pte Ltd, Iron Mountain Inc., Hewlett-Packard Company, LifeSpan International Inc., TBS Industries, Sims Recycling Solutions, Inc., ITrenew Inc., and Dell Inc.
Browse the full “IT Asset Disposition (ITAD) Market- By Asset Type (Computer/Laptops, Servers, Storage Devices, Peripherals, And Mobile Devices), By Service Type (De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Sanitization, And Reverse Logistics), By Industry Vertical (BFSI, IT & Telecom, Healthcare, Aerospace & Defense, Public Sector, Manufacturing, Media & Entertainment, And Educational Institutions), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/it-asset-disposition-market
The global IT Asset Disposition (ITAD) Market is segmented as follows:
By Asset Type
By Industry Vertical
By Service Type
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