ITAD Market Top Players, Demands, Overview, Component, Industry Revenue and Forecast | Coronavirus Effects

 Market Highlights

The global IT asset disposition (ITAD) market is predicted to touch USD 27 billion at a 12% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. IT asset disposition or ITAD, simply put, is a process to dispose of unwanted or outmoded equipment in an environmentally responsible & safe manner. It has wide applications in media and entertainment, manufacturing, aerospace and defense, education, IT and telecom, BFSI, and others.

Various factors are propelling the global IT asset disposition market share. As per the current MRFR report, such factors include stringent data security compliance with environmental regulations, growing need for maximizing asset value recovery and storing assets in inventory, increasing use of electronic gadgets for enterprise usage such as tablets, laptops, and mobiles, demand for consumer electronics, need for efficient disposition of IT assets, and unprecedented use during the COVID-19 outbreak.

On the contrary, high capital investment, lack of awareness, requisite certification to get recognition, and concerns about data security are factors that may limit the global IT asset disposition market growth over the forecast period. 

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Segmentation:

The MRFR report provides an inclusive segmental analysis of the global IT asset disposition market based on industry vertical, organization size, service, and asset type. 

By asset type, the global IT asset disposition market is segmented into peripherals, storage devices, servers, mobile devices, and computers. Of these, the mobile devices segment will lead the market over the forecast period and at a high CAGR. The rising number of tablets and smartphones for work for increasing popularity of BYOD is adding to the growth of the segment. 

By service, the global IT asset disposition market is segmented into remarking, logistics management, remarketing and value recovery, de-manufacturing, reverse logistics, recycling, and data destruction. 

By organization size, the global IT asset disposition market is segmented into large enterprises and SMEs. Of these, the SMEs segment will dominate the market over the forecast period. The rising trend of BYOD at workplaces is adding to the growth of the segment. 

By industry vertical, the global IT asset disposition market is segmented into media and entertainment, manufacturing, aerospace and defense, education, IT and telecom, BFSI, and others. Of these, the media and entertainment industry will command the largest share in the market over the forecast period and at a high CAGR. 

Regional Analysis 

Based on the region, the global IT asset disposition (ITAD) market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Early adoption of recent technologies & the presence of several giant companies are adding to the global IT asset disposition market growth in the region. 

The global IT asset disposition market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of leading tech giants, shift towards BOYD, early adoption of technology, increasing investments in R&D, and growing need for data security are adding to the global IT asset disposition market growth in the region. India, China, and Japan have the largest share in the market. 

The global IT asset disposition market in Europe is predicted to have healthy growth over the forecast period. The UK, France, and Germany have the maximum share in the market. 

The global IT asset disposition market in the MEA is predicted to have sound growth over the forecast period. 

Key Players

Eminent contenders profiled in the global IT asset disposition market report include Iron Mountain Incorporated (US), Maxicom Network, Inc (India), Exit Technologies (France), EOL IT Services (UK), GreenTek Reman Pvt. Ltd (India), Tes-Amm India Pvt. Ltd (India), ITRenew (US), Apto Solutions, Inc. (US), TBS Industries Inc. (US), Sims Recycling Solutions, Inc.(India), CloudBlue (US), Arrow Electronics (US), HP (US), Dell (US), and IBM Corporation (US). 

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IT Asset Disposition (ITAD) Market Research Report: By Asset Type (Computer, Mobile Devices, Servers, Storage Devices, and Peripherals), Service (Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, Remarketing & Value Recovery, Logistics Management, and Remarking), Organization Size (SMEs and Large Enterprise), and Industry Vertical (Aerospace & Defense, Energy and Power, Pharmaceutical, Oil & Gas, Food & Beverages, Chemical, Automotive, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America)-Forecast till 2027

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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