The report "IT
Asset Disposition (ITAD) Market by Service (De-Manufacturing and
Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization,
Reverse Logistics), Asset Type, Organization Size, End-User, & Geography -
Global Forecast to 2022", was valued at USD 10.12 Billion in 2015
and is expected to reach USD 20.09 Billion by 2022, at a CAGR of 9.83% during
the forecast period.
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PDF Brochure :-
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The evolution of technologies such as cloud
computing, Big Data analytics, Internet of Things (IoT), and the changing IT
landscape have contributed to the increase in e-waste generation. Thus, IT
asset disposition is being adopted by many companies to minimize the environmental
impact as well as risk of data loss by following regulatory standards and
environmental policies.
Browse 78 market data
tables and 57 figures spread through 157 pages and in-depth TOC on “IT Asset Disposition (ITAD) Market - Global
Forecast to 2022”
https://www.marketsandmarkets.com/Market-Reports/it-asset-disposition-market-28474391.html
“Remarketing and value recovery service expected to hold the largest market
size during the forecast period”
IT
asset remarketing service is a revenue-sharing program that is designed to
obtain maximum returns. The services help the service providers to determine
the asset recovery strategy that is most closely aligned to the clients’
business objectives. The industry is now realizing the risks associated with
improper IT asset disposal, which is leading to the growing trend of the sale
of old equipment on auction websites or to employees.
“Small office/home office
(SOHO) and medium enterprises industry is expected to grow at a high rate”
Small-scale
industries often do not use authorized IT asset disposition processes due to
budget constraints, lack of awareness or technical expertise, or lack of
stringent regulations. This results in the disposal of assets into landfills in
an improper way, which can severely impact the environment. This trend is expected
to change in the near future as ITAD starts developing and marketing its
services to the small business sector and the industry also comes to better
realize the risks.
“The market in APAC is
expected to grow at the highest rate during the forecast period”
Several
initiatives such as investments for expansions and various other developments
in the APAC region are providing several growth opportunities for ITAD market
players operating in the region. For instance, in April, 2015 Arrow electronics
Inc. (U.S.) opened its first facility in Singapore to provide services for IT
asset disposition and reverse logistics in Asia-Pacific. The facility has been
designed to comply with the stringent standards of the Arrow Global Compliance
Program as well as the local, national, and international standards for data
security and environmental regulations, including the Responsible Recycling
Practices (R2), OHSAS 18001, and International Standards Organization 9001 and
14001.
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Major players
operating in the IT asset disposition market include Arrow Electronics, Inc. (U.S.), Sims
Recycling Solutions (Australia), TBS Industries (U.S.), CloudBlue Technology,
Inc. (U.S.), TES-AMM (Singapore) Pte Ltd, (Singapore), Dell (U.S.), LifeSpan
International, Inc. (U.S.), Apto Solutions, Inc. (U.S.), Iron Mountain
Incorporated (U.S.), Hewlett Packard Enterprise Company (U.S.), ITRenew, Inc.
(U.S.), and IBM (U.S.), among others.
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