Cloud Computing Data Center IT Asset Disposition Market - Boost the Market’s Opportunity to Reach US$4.6 bn by 2020

With the increasing adoption of cloud services across the world, the need for proper management and the disposition of rejected IT assets has witnessed a considerable rise in the recent times.

The efficient and secure elimination as well as recycling of discarded information provided by cloud data center IT asset disposition (ITAD) solutions is leading to their increased employment in enterprises.

According to TMR, the global cloud data center ITAD stood at US$3.5 bn in 2015. The steady rise in the ITAD uptake and the revenue generated by these solutions is likely to boost the market’s opportunity to reach US$4.6 bn by 2020.

Rising Preference for Secure Elimination of Data in Enterprises Creates Need for Data Sanitization

Data sanitization has emerged as the highest demanded ITAD solution among all in the recent times. In 2015, the segment generated a revenue of US$1.4 bn, which is likely to reach US$1.9 bn by 2020, expanding at a CAGR of 6.40% between 2016 and 2020.

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The rising preference for secure elimination of data in enterprises has created a substantial need for data sanitization in order to protect confidential information while disposing of storage assets, which is projected to increase significantly in the coming years.

As enterprises are increasingly opting for recovery services in order to maximize the revenue generated from old and discarded IT assets, the demand for asset recovery solutions is expected to augment remarkably in the near future. The segment is projected to rise at a CAGR of 6.30% during the period from 2016 to 2020, emerging second in the overall market by 2020.

The global market for cloud computing data center ITAD spreads across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Currently, North America dominates this market on account of the increased need for secure disposition of discarded IT assets, collected due to the frequent upgradation of technologies in this region.

In 2015, the opportunity in this market stood at US$1.3 bn in terms of revenue. Expanding at a CAGR of 5.90% during the period from 2016 to 2020, the market is expected to reach US$1.74 Bn by the end of 2020.

The augmented reliance on outsourced data hosting and processing, propelled by the increasing number of multi-tenant data centers (MTDC) in this region, is projected to boost the adoption of ITAD solution significantly in North America over the next few years.

About TMR

TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.