Market Overview:
The global IT asset disposition market is garnering substantial traction. Rising demand for ITAD solutions that can deliver enhanced tools deployment influence the market share. Besides, key IT asset disposition (ITAD) market trends include growing demand for designing for circularity, products with recycled content, and sound recycling programs for material recovery.
Companies and consumers are working with ITAD partners to prove their actions with data, creating a circular future. With rising investments by various Enterprises in deploying sophisticated ITAD tools, the market is projected to witness significant revenue rise over the next few years. IT Asset Disposition (ITAD) Market Size was valued at USD 15.55 billion in 2021. The IT asset disposition (ITAD) market industry is projected to grow from USD 16.83 Billion in 2022 to USD 29.21 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2022 - 2030).
Market Players Strive to Maintain Highest ITAD Standards and Certifications Attainable
Rising uptake of data destruction, technology reuse, and manufacturing services to provide innovative cloud storage solutions are IT asset disposition (ITAD) market trends. Moreover, increasing numbers of cutting-edge research and development projects substantiate the ITAD market shares. The increasing demand for cloud-based IT asset disposition would support market growth throughout the assessment period. On the flip side, data privacy and security concerns are major factors impeding the ITAD market size.
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Global IT Asset Disposition Market --- Competitive Landscape
Highly competitive, the ITAD market appears fragmented due to the presence of several notable players. Leading players adopt strategies like collaboration, mergers acquisitions, expansion, and technology launch to gain a larger competitive share. These players also make substantial R D investments in developing adept technologies. Considerable investments go into expansion plans to increase global reach and to gain diverse expertise.
Major Players
Players leading the IT asset disposition market are BM Corporations (US), Tes-Amm India Private Limited (India), EOL IT Services (UK), Sims Recycling Solutions. Inc (India), ITRenew (US), Dell (US), HP (US), Arrow Electronics (US), TBS Industries Inc. (US), Exit Technologies (France), Maxicom Network Inc (India), and GreenTek Teman Pvt Ltd (India), among others.
Global IT Asset Disposition Market – Segmentations
The IT asset disposition (ITAD) market report is segmented into services, size of the organizations, industry verticals, and region. The services segment is sub-segmented into data destruction, reverse logistics, remarketing, value recovery, de-manufacturing, recycling, logistics management, and others. The organization size segment is sub-segmented into SMEs and large-sized enterprises.
The industry vertical segment is sub-segmented into IT telecom, aerospace defense, BFSI, manufacturing entertainment, education, and others. By regions, the report is sub-segmented into the Middle East Africa, Americas, Asia Pacific, Europe, and rest-of-the-world.
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Global IT Asset Disposition Market (ITAD) – Geographical Analysis
North America dominates the global IT asset disposition market. The largest market share attributes to increasing workforces that result in the widespread adoption of IT assets across enterprises that require timely ITAD services. Besides, the early adoption of innovative advanced technologies in sharing solutions increases the IT asset disposition (ITAD) market size.
High RD investments in developing other related technologies, penetration of cloud solutions, and high economic growth across the region foster the IT asset disposition (ITAD) market share. The North American IT asset disposition market is poised to retain its dominance throughout the forecast period.
