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IT Asset Disposition Market Growing Popularity and Emerging Trends| Arrow Electronics, IBM, Hewlett-Packard, Dell Inc
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The market will reach USD 18,703.42 million by 2022. The global IT asset disposition (ITAD) market was valued USD 11,326.14 million and expected to reach around USD 18,703.42 million by 2022 with the CAGR of 8.33% between the years 2016-2022.
The regulatory changes across the world to minimize the environmental hazards due to electronic waste is expected to drive this market. Technological advances in cloud computing, big data analytics, and IoT are reducing the lifespan of IT equipment which is increasing the dependence on ITAD services
As per our observation, remarketing and value recovery segment expected to continue to dominate the market due to this service helps to obtain maximum returns. Remarketing and value recovery provide the financial return from electronic assets and it includes benefit such as increase efficiencies, security, and sustainability of assets.
Mobile devices have increased productivity & profitability of the business and this segment is expected to grow at the highest CAGR during the forecast period. Rapid growth in smartphones and tablets are increasing use of the mobile device in organizations. According to facts, smartphone shipment reaches 1.53 billion units in 2017 and expected to grow around 1.77 billion by 2021.
On-site equipment audit solution and online clients portal expected to grow with highest CAGR due to increasing demand for revolutionary software-driven approaches which reduce unnecessary costs and other disadvantages of traditional ITAD process.
IT and Telecom accounted for the largest market share in 2016. Increasing activity in the e-recycling and smelting industries will drive this segment over the forecasted period. IT and telecom industry are growing at rapid pace. Rising need for new technologies on regular basis has reduced the lifespan of IT equipment will boost the revenue of this segment.
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APAC region will grow with highest CAGR in 2017-2022 owing to the several developments occur in India & China along with government support for the new projects are providing several growth opportunities for ITAD market in the region. In addition digitalization in many countries in APAC will propel the growth of global IT asset disposition market.
The major market players in the global IT asset disposition market are Apto Solutions, Arrow Electronics, Inc., SIMS RECYCLING LTD, Ingram Micro Inc., among others.
IT Asset Disposition Market: By Service Segment Analysis
De-Manufacturing and Recycling
Remarketing and Value Recovery
Data Destruction/Data Sanitization
Logistics Management and Reverse Logistics
Other Services
On-Site Equipment Audit Solution
Online Clients’ Portal
IT Asset Disposition Market: By Asset Type Segment Analysis
Computer/Laptops
Servers
Mobile Devices
Storage Devices
Peripherals
Networking Devices
I/O Devices
IT Asset Disposition Market: By Organization Size Segment Analysis
SOHO and Medium Enterprises
Large Enterprises
IT Asset Disposition Market: By End-User Segment Analysis
Banking, Financial Service, and Insurance (BFSI)
IT and Telecom
Educational Institutions
Healthcare Industry
Aerospace and Defense
Public Sector and Government offices
Manufacturing
Media and Entertainment
Others
Energy and Utility
Construction and Real Estate
Logistics and Transportation
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IT Asset Disposition Market: By Region Segment Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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