The global IT Asset Disposition (ITAD) Market accrued earnings worth approximately 13.1(USD Billion) in 2020 and is predicted to gain revenue of about 22.4(USD Billion) by 2028, is set to record a CAGR of nearly 8.1% from 2021 to 2028.
The global IT Asset Disposition (ITAD) Market accrued earnings worth approximately 13.1(USD Billion) in 2020 and is predicted to gain revenue of about 22.4(USD Billion) by 2028, is set to record a CAGR of nearly 8.1% over the period from 2021 to 2028. The report offers an assessment and analysis of the IT Asset Disposition (ITAD) Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
In Global IT Asset Disposition (ITAD) Market Report, IT asset disposition is the practice of how and at which location to dispose hardware of IT assets. Apart from this, IT asset disposition activities assist in upgradation and getting rid of outdated & non-compatible computer devices for firms. Need for closing down whole or a part of data center as well as disposing off non-useful data center hardware components requires IT asset disposition services. In addition to this, IT asset disposition helps in identifying and disposing or erasing of unrequired data stored in endpoint equipment such as smartphones, tablets, desktops, and laptops. Researchers are of view that firms regularly upgrading their IT devices derive huge benefits as this can help them reduce operating costs.
Furthermore, ITAD solutions help firms effectively handle IT hardware and data center device requiring remarketing, reuse, repairs, and discarding. Moreover, ITAD services offer data sanitization/cleansing as the former helps in expunging confidential data of firm from end-of-life storage medium of computer hardware.
IT Asset Disposition (ITAD) Market is set to gain traction over coming years subject to large-scale requirement of ITAD solutions for recycling as well as remarketing of unwanted hardware device along with need for effectively handling supply chain activities that aid data centers. Apart from this, ITAD service providers’ help in analyzing hardware utilization in data centers and create new solutions for optimizing inventory management along with routing stock outs as well as gaps in supply chain management events for various firms. This, in turn, will translate into humungous growth of IT asset disposition (ITAD) market. Necessity of data security and need for legal compliance will drive IT asset disposition (ITAD) industry trends.
Moreover, need for e-recycling and smelting in IT and electrical & electronics sectors will spur expansion of IT Asset Disposition (ITAD) industry in upcoming years. In addition to this, surge in environmental concerns due to improper disposal of electronic & electrical equipment has culminated in huge demand for IT Asset disposition solutions across various business verticals, thereby driving IT asset disposition (ITAD) industry surge. Moreover, strict laws have been enforced on various firms for appropriate recycling & disposal of electronic devices and this has culminated into lucrative growth for IT Asset Disposition (ITAD) market. Enterprises across globe are focusing on reducing power usage by server equipment through regular upgradation of existing IT infrastructure and IT asset disposition. This will provide a boost to growth of IT Asset Disposition (ITAD) market.
Report Attributes | Report Details |
---|---|
Report Name | Smart Thermostats Market |
Market Size in 2020 | USD 13.1 Billion |
Market Forecast in 2028 | USD 22.4 Billion |
Compound Annual Growth Rate | CAGR of 8.1% |
Number of Pages | 180 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | CloudBlue Technologies, Inc., TES (Singapore) Pte Ltd, Iron Mountain Inc., Hewlett-Packard Company, TBS Industries, Sims Recycling Solutions, Inc., ITrenew Inc, Apto Solution, Inc, LifeSpan International Inc, Arrow Electronics, IBM, , and Dell Inc. |
Segments Covered | By Industry Vertical, By Service And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2021 |
Historical Year | 2016 to 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Dominate Regional Market Trends Over 2021-2028
High demand for energy efficient products & services catering to business requirements will drive growth of IT Asset Disposition (ITAD) market in North America. With thriving consumer electronics sector in countries such as the U.S. and Canada, it has become necessary for proper recycling of consumer electronics devices including laptops, desktops, office devices, and handled equipment. This has translated into massive penetration of ITAD services in these countries, thereby contributing substantially towards regional market size.
Key players impacting growth of IT asset disposition (ITAD) market and profiled in study are CloudBlue Technologies, Inc., TES (Singapore) Pte Ltd, Iron Mountain Inc., Hewlett-Packard Company, TBS Industries, Sims Recycling Solutions, Inc., ITrenew Inc, Apto Solution, Inc, LifeSpan International Inc, Arrow Electronics, IBM, , and Dell Inc.
Global IT Asset Disposition (ITAD) Market By Asset Type
By Industry Vertical
By Service Type
FrequentlyAsked Questions
IT Asset Disposition (ITAD) Market is set to gain traction over coming years subject to large-scale requirement of ITAD solutions for recycling as well as remarketing of unwanted hardware device along with need for effectively handling supply chain activities that aid data centers. Apart from this, ITAD service providers’ help in analyzing hardware utilization in data centers and create new solutions for optimizing inventory management along with routing stock outs as well as gaps in supply chain management events for various firms. This, in turn, will translate into humungous growth of IT asset disposition (ITAD) market. Necessity of data security and need for legal compliance will drive IT asset disposition (ITAD) industry trends.
Moreover, need for e-recycling and smelting in IT and electrical & electronics sectors will spur expansion of IT Asset Disposition (ITAD) industry in upcoming years. In addition to this, surge in environmental concerns due to improper disposal of electronic & electrical equipment has culminated into huge demand for IT Asset disposition solutions across various business verticals, thereby driving IT asset disposition (ITAD) industry growth.
According to Zion market research report, the global IT Asset Disposition (ITAD) Market accrued earnings worth approximately 13.1(USD Billion) in 2020 and is predicted to gain revenue of about 22.4(USD Billion) by 2028, is set to record a CAGR of nearly 8.1% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to high demand for energy efficient products & services catering to business requirements in countries such as the U.S. and Canada. With thriving consumer electronics sector in sub-continent, it has become necessary for proper recycling of consumer electronics devices including laptops, desktops, office devices, and handled equipment. This has translated into massive penetration of ITAD services in North America, thereby contributing substantially towards regional market size.
The key market participants include CloudBlue Technologies, Inc., TES (Singapore) Pte Ltd, Iron Mountain Inc., Hewlett-Packard Company, TBS Industries, Sims Recycling Solutions, Inc., ITrenew Inc, Apto Solution, Inc., LifeSpan International Inc., Arrow Electronics, IBM, and Dell Inc.
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