USD 18,703.42 million expected for Global IT Asset Disposition (ITAD) Market at 8.33% CAGR by 2022
The new report by the Zion Market Research on the “IT Asset Disposition (ITAD) Market by Service Type (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics, and Other Service) by Asset Type (Computer/Laptops, Servers, Mobile Devices, Storage Devices, and Peripherals) for (Banking, Financial Service, and Insurance (BFSI), IT and Telecom, Educational Institutions, Healthcare Industry, Aerospace and Defense, Public Sector and Government offices, Manufacturing, Media and Entertainment, Others): Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2022″ has a vast information about the market and its scope.
The market will reach USD 18,703.42 million by 2022. The global IT asset disposition (ITAD) market was valued USD 11,326.14 million and expected to reach around USD 18,703.42 million by 2022 with the CAGR of 8.33% between the years 2016-2022.
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The regulatory changes across the world to minimize the environmental hazards due to electronic waste is expected to drive this market. Technological advances in cloud computing, big data analytics, and IoT are reducing the lifespan of IT equipment which is increasing the dependence on ITAD services
As per our observation, remarketing and value recovery segment expected to continue to dominate the market due to this service helps to obtain maximum returns. Remarketing and value recovery provide the financial return from electronic assets and it includes benefit such as increase efficiencies, security, and sustainability of assets.
Mobile devices have increased productivity & profitability of the business and this segment is expected to grow at the highest CAGR during the forecast period. Rapid growth in smartphones and tablets are increasing use of the mobile device in organizations. According to facts, smartphone shipment reaches 1.53 billion units in 2017 and expected to grow around 1.77 billion by 2021.
On-site equipment audit solution and online clients portal expected to grow with highest CAGR due to increasing demand for revolutionary software-driven approaches which reduce unnecessary costs and other disadvantages of traditional ITAD process.
IT and Telecom accounted for the largest market share in 2016. Increasing activity in the e-recycling and smelting industries will drive this segment over the forecasted period. IT and telecom industry are growing at rapid pace. Rising need for new technologies on regular basis has reduced the lifespan of IT equipment will boost the revenue of this segment.
APAC region will grow with highest CAGR in 2017-2022 owing to the several developments occur in India & China along with government support for the new projects are providing several growth opportunities for ITAD market in the region. In addition digitalization in many countries in APAC will propel the growth of global IT asset disposition market.
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The major market players in the global IT asset disposition market are Apto Solutions, Arrow Electronics, Inc., SIMS RECYCLING LTD, Ingram Micro Inc., among others.
IT Asset Disposition Market: By Service Segment Analysis
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitization
- Logistics Management and Reverse Logistics
- Other Services
- On-Site Equipment Audit Solution
- Online Clients’ Portal
IT Asset Disposition Market: By Asset Type Segment Analysis
- Mobile Devices
- Storage Devices
- Networking Devices
- I/O Devices
IT Asset Disposition Market: By Organization Size Segment Analysis
- SOHO and Medium Enterprises
- Large Enterprises
IT Asset Disposition Market: By End-User Segment Analysis
- Banking, Financial Service, and Insurance (BFSI)
- IT and Telecom
- Educational Institutions
- Healthcare Industry
- Aerospace and Defense
- Public Sector and Government offices
- Media and Entertainment
- Energy and Utility
- Construction and Real Estate
- Logistics and Transportation
IT Asset Disposition Market: By Region Segment Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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