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IT Asset Disposition Market : An Exclusive Study On Upcoming Trends And Growth Opportunities | Grand View Research, Inc.

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IT Asset Disposition Market : An Exclusive Study On Upcoming Trends And Growth Opportunities | Grand View Research, Inc.

September 02
01:25 2021
IT Asset Disposition Market : An Exclusive Study On Upcoming Trends And Growth Opportunities | Grand View Research, Inc.
“Grand View Research, Inc. – Market Research And Consulting.”
According to a new report published by Grand View Research, the ever-growing demand for consumer electronics, coupled with rising consumer awareness regarding the need for efficient disposition of IT assets, is driving the adoption of ITAD services.

The global IT asset disposition market size is anticipated to reach USD 27.9 billion by 2025 and register a CAGR of 10.8%, according to a study conducted by Grand View Research, Inc. Increasing use of electronic devices and growing need among enterprises to dispose their IT assets efficiently are the major factors driving the market. In addition, rising awareness regarding the benefits associated with proper disposition of assets is expected to boost the demand in the coming years.

Furthermore, on-going paradigm shift from housing IT infrastructure on-premise to deploying cloud-based services has necessitated businesses to dispose majority of their existing IT hardware. At the same time, the imminent need to secure data/information while disposing old assets has prompted businesses to prefer ITAD programs and services.

Over the last few years, the demand for IT asset disposition services has witnessed strong growth with business organizations emphasizing on limiting their carbon footprints. The market is poised to register strong growth in the coming years owing to growing awareness regarding the need to reduce the environmental threats created by e-waste and the prevailing dynamic regulatory landscape worldwide. With regulations in place and high penalties for defaulters, enterprises are increasingly availing services of ITAD vendors to dispose their assets as per the set standards.

Enterprises are leveraging services of third-party ITAD vendors for data sanitization, recycling and component recovery, and onsite hard drive destruction. They are focusing on reducing the inventory cost associated with obsolete hardware by opting for an efficient ITAD program offering any of the above-mentioned services. ITAD service providers are focusing on attaining the highest level of certifications such as eSteward and Responsible Recycling (R2) to get recognition and strengthen their market presence.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/it-asset-disposition-market

IT Asset Disposition Market Report Highlights

 The mobile device segment is expected to register a CAGR of more than 11% due to penetration of smartphones, especially in developing economies

 Asia Pacific is expected to witness substantial growth during the forecast period owing to positive outlook of the already established IT industry in the region

 The IT asset disposition market is highly fragmented with the presence of large number of service providers. Some of the leading service providers in the ITAD market are CloudBlue Technologies Inc.; Arrow Electronics Inc.; Dataserv Group; Dell Inc.; LifeSpan International; Ingram Micro; Hewlett Packard Enterprise Development LP; and Sims Recycling Ltd.

 Players are focusing on partnerships, acquisitions and mergers, and service portfolio expansion in order to strengthen their market presence. For instance, in June 2018, Sims Recycling Solutions (SRS) extended its hardware processing lines in the Netherlands and made further developments with respect to metal and plastic separation technologies.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/it-asset-disposition-market/request/rs1

IT Asset Disposition Market Segmentation

Grand View Research has segmented the global IT asset disposition market based on asset type, end use, and region:     

IT Asset Disposition (ITAD) Asset Type Outlook (Revenue, USD Billion, 2015 – 2025)     

Computers/Laptops    

Smartphones and Tablets     

Peripherals     

Storages     

Servers     

Others

IT Asset Disposition (ITAD) End-use Outlook (Revenue, USD Billion, 2015 – 2025)     

BFSI    

IT & Telecom     

Government     

Energy and Utilities     

Healthcare     

Media and Entertainment     

Others

IT Asset Disposition (ITAD) Regional Outlook (Revenue, USD Billion, 2015 – 2025)

 North America        

 • U.S.         

 • Canada     

Europe         

 • Germany         

 • U.K.         

 • France     

Asia Pacific         

 • China         

 • India         

 • Japan     

Latin America         

 • Brazil        

 • Mexico     

Middle East & Africa       

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/7013/ibb

Browse More Related Report:

Asset Management Market Size, Share & Trends Analysis Report By Component, By Asset Type (Digital, In-transit), By Function (Location & Movement Tracking, Repair & Maintenance), By Application, And Segment Forecasts, 2020 – 2027

About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/it-asset-disposition-market

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