LeapZipBlog: Johnson Paul's blog: IT Asset Disposition (ITAD) Market will be Growing at a CAGR of 6.7% during the forecast period To 2025

IT Asset Disposition (ITAD) Market will be Growing at a CAGR of 6.7% during the forecast period To 2025

December 10, 2019 by Johnson Paul  

According to a new market research report published by Credence Research “IT Asset Disposition (ITAD) Market - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025”, the global IT asset disposition market to expand with a CAGR of 6.7% from 2017 to 2025.

Market Insights

The IT asset disposition market is majorly driven by the rising electronics industry worldwide. Being one of the most dynamic industries worldwide, manufacturers are always inclined towards developing more energy-efficient products so as to cater to the ever-changing industry requirements. This, however, results in a major concern for business enterprises to dispose of the existing infrastructure. Due to continually rising penetration of electronic products such as handheld devices, office equipment, computers/laptops, and others, proper recycling of such products becomes a major concern.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/it-asset-disposition-ited-market

One of the major concerns for enterprises (principally data centers) is to reduce their power consumption from server equipment. Thus, it becomes highly essential to periodically replace the existing infrastructure so as to ensure no device performs inefficiently. Opting for IT asset disposition service vendors simplifies the overall IT asset lifecycle process. Although IT asset disposal is a time-consuming and relatively costly service, it is highly crucial for business enterprises having heavy IT infrastructure.

Another major factor driving market growth is increasing activity in the overall e-recycling and smelting industries. The overall electronics industry is not more inclined towards reusing the resources used across different devices and systems. Additionally, due to rising concerns regarding the environmental policies, IT asset disposition has been witnessing increased interest from different industry verticals. Improper disposal of electronic devices results in an adverse impact on the environment. Subsequently, several regulations have been enforced upon organizations for suitable recycling of electronic assets. This is another major factor propelling market growth.

The overall IT asset disposition market is segmented on the basis of products, service type, industry verticals, and geographic regions. On the basis of products, the market is segmented into mobile devices, computers/laptops, peripherals, server equipment, network equipment, and others. Further, based on the services, the market is segmented into asset tracking, destruction/sanitation, recovery, recycling, and others. Based on industry verticals, the market is categorized into IT & Telecom, BFSI, government & defense, media & entertainment, education, healthcare, manufacturing, and others. As of 2016, the market is led collectively by the IT & telecom and media & entertainment industry verticals. On the basis of geographic regions, the market is classified into North America, Europe, Asia Pacific and Rest of the world (RoW).

Some of the major players profiled in the report are Hewlett-Packard (HP) Company, Dell, Inc., CloudBlue Technologies, Inc. Arrow Electronics, Inc., Apto Solutions, Inc., LifeSpan International, Inc., Iron Mountain, Inc., data serv Group and Sims Recycling among others. 

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58451

Report Scope by Segments

By Product Type

  • Mobile Devices
  • Computers & Laptops
  • Peripherals
  • Server Equipment
  • Network Equipment

By Industry Vertical type

  • IT & Telecommunication
  • Banks, Financial Services and Insurance (BFSI)
  • Government & Defense
  • Media & Entertainment
  • Education
  • Healthcare
  • Manufacturing
  • Others

By Service Type

  • Asset Tracking
  • Data Destruction/Sanitation
  • Recovery
  • Recycling
  • Others

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa, Latin America)

You can get the sample copy of this research by Credence Research here: https://www.credenceresearch.com/sample-request/58451

Blog: http://www.mobilecomputingtoday.co.uk/12128/asset-disposition-itad-market-growing-cagr-6-7-forecast-period-2025/