LeapZipBlog: alok's blog: IT Asset Disposition (ITAD) Market Estimated to Reach a Value US$ 23,184.9 Million by 2027

IT Asset Disposition (ITAD) Market Estimated to Reach a Value US$ 23,184.9 Million by 2027

March 25, 2019 by alok  

Looking at the current market trends as well as the promising demand status of the IT Asset Disposition Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global IT Asset Disposition (ITAD) Market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.

The global ITAD market is expected to expand at a CAGR of 7.3% during the forecast period 2019 to 2027. The market is expected to reach US$ 23,184.9 Mn by 2027. Data breaches result in monetary losses. When an IT asset is set out for disposal, it is essential for the company to ensure that the data stored in the asset is either migrated or destroyed. The rising trend of migration of data to the cloud is leading to replacement of older IT infrastructure. This is expected to drive the ITAD market significantly. Furthermore, governments around the globe are concentrating on resolving the environmental issues that are arising from e-waste, thus resulting in introduction of several rules and regulations regarding the safe disposal of IT assets.These rules and regulations are compelling companies to approach ITAD vendors in order to dispose their assets as per the industry standards. All these factors are expected to drive the global ITAD market. 

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The ITAD market has been segmented in terms of asset type, service, enterprise size, and end-use industry. Based on asset type, the market has been segmented into computers/laptops, mobile devices, peripherals, storages, servers, and others. Based on service, the ITAD market has been bifurcated into data sanitization/destruction, recycling, remarketing, asset recovery, and reverse logistics. In terms of enterprise size, the market has been classified into small enterprises, medium enterprises, and large enterprises. On the basis of end-use industry, the market has been classified into BFSI, Telecom &IT, government & public, aerospace & defense, energy & utilities, healthcare, media & entertainment, datacenters, and others. 

The report also includes competitive profiling of key players associated with the market around the globe. The important business strategies adopted by leading players, their market positioning, financials, and recent developments have been identified in the research report.The competitive landscape section of the report gives an overview about the major regions/countries providing opportunities for key players in order to strengthen their market position in the future. 

The ITAD market data estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the ITAD market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding purposes. Secondary research also includes a study of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities. 

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Major strategies adopted by ITAD solution providers include strategic acquisitions and partnerships. During the forecast period, it is estimated that established players in the market would either get merged into large enterprises or would give tough competition to emerging players in the market. It is estimated that leading ITAD solution providers would acquire regional players to improve their distribution networks in the domestic as well as international markets.Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

IT Asset Disposition (ITAD) Market

By Asset Type

Computers/Laptops

Mobile Devices

Peripherals

Storages

Servers

Others (Network Equipment)

By Service

Data Sanitation/ Destruction

Recycling

Remarketing

Asset Recovery

Reverse Logistics

By Enterprise Size

Small Enterprises

Medium Enterprises

Large Enterprises

By End-use Industry

Banking, Financial Services and Insurance (BFSI)

Telecom and IT

Government and Public

Aerospace & Defense

Energy &Utilities

Healthcare

Media & Entertainment

Datacenters (Includes companies such as Amazon Web Services (AWS), Google, Inc., Facebook, Inc., and Apple, Inc.)

Tier 1

Tier 2

Tier 3

Others (Manufacturing, Education)

By Geography

North America

Europe

Asia Pacific

Middle East & Africa (MEA)

South America

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