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Global It Asset Disposition Market Is Expected to Rise from Its Initial Estimated Value to an Estimated Value of Usd 25.07
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Major Market Players
Few of the major competitors currently working in global IT asset disposition market are Hewlett Packard Enterprise Development LP, IBM Corporation, Arrow Electronics, Inc., Dell Inc, SIMS Recycling Solutions,Inc, Iron Mountain Incorporated, Apto Solution, Inc., TBS Industries Inc, ITRenew Inc., TES (Singapore) Pte Ltd., Lifespan International Inc., Ingram Micro, Inc., among others.
Market Analysis: Global IT Asset Disposition Market
Global IT asset disposition market is expected to rise from its initial estimated value to an estimated value of USD 25.07 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Environment safety and regulatory compliances is the major factor for the growth of this market.
Market Definition: Global IT Asset Disposition Market
IT asset disposition is a process in which obsolete or unwanted equipment is disposed in a safe and ecologically-responsible manner. IT businesses have a very high replacement cycle of IT equipment. ITAD suppliers are specialized in streamlining IT asset disposal while minimizing expenses and maximizing loss recovery. Businesses have a heavy IT equipment replacement cycle. Enterprises with worn out ancient equipment are frequently confronted with choices about refurbishing or reselling, recycling or disposing of company machinery.
Market Drivers:
Rising demand for information and data security for old assets may drive the market in the forecast period
Growing adoption of electronic devices such as laptops, mobiles and tablets is propelling the market growth
Increasing technological advancements globally will boost the growth of the market
Value recovery from outstanding assets also acts as a market driver
Market Restraints:
Lack of awareness about IT asset disposable may hamper the market growth
High investment cost will hinder the growth of the market
Lack of comprehensive IT asset disposition policy may also downsizes the market growth in the forecast period
Segmentation: Global IT Asset Disposition Market
By Services
De-Manufacturing and Recycling
Remarketing and Value Recovery
Data Destruction/Data Sanitization
On-Site Data Destruction
Off-Site Data Destruction
Logistics Management and Reverse Logistics
Others
On-Site Equipment Audit Solution
Online Clients' Portal
By Asset Type
Computer/Laptops
Servers
Mobile Devices
Storage Devices
Peripherals
Networking Devices
I/O Devices By Deployment Type
By Organization Size
Small and Medium Enterprises
Large Enterprises
By End User
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
By Geography
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Key Developments in the Market:
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In February 2019, IBM developed recycling system for fabric, dirty plastic bottles and others. Silicon Valley-based IBM developers have designed a pressure reactor called VolCat, a recycling method. This device can break down materials that are often difficult to recycle. With this, development the company has enhanced its product portfolio in the market
In January 2018, Arrow Electronics, Inc. announced acquisition of eInfochips, which is an IoT solution provider for various industries such as industrial automation, healthcare and aerospace. This acquisition helped the company to increase their global reach through eInfochips network so they can cater more customers worldwide
Competitive Analysis
Global IT asset disposition market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of IT asset disposition market for Global, Europe, North America, Asia-Pacific and South America Middle East and Africa.
Research Methodology: Global IT Asset Disposition Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
Contact:
Data Bridge Market Research
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UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: Corporatesales@databridgemarketresearch.com
About Data Bridge Market Research:
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