Asset Recovery Service Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global asset recovery service market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Asset recovery is the process of maximizing the value of the unused asset through effective reuse or disinvestment. The presence of major market players such as Lenovo, Dell Inc., IBM Corp. and others coupled with their benchmarking services is one of the factors driving the growth of the market. For instance, Lenovo's asset recovery services offer an end-to-end solution to mitigate the environmental and data security risk associated with end-of-life or unused asset disposal while maximizing the value potential of those assets.

Moreover, Lenovo's asset recovery services are coupled with certain features such as cost-effectiveness, consistency, and compliance. Furthermore, Dell's asset recovery services assist responsibly and securely retiring unused and old assets, while protecting business and the environment. In addition, there are several benefits associated with Dell's asset recovery services. It assists in securing sensitive and important data. It assists gain control and insight through Dell's centralized online portal. Thus, such benchmarking services are anticipated to fuel the demand for the global asset recovery service market.

In September 2020, Wisetek had launched IT Asset Recovery Service. This solution assists companies whose employees are working remotely with secure IT asset recovery. As a part of this solution, the IT assets are collected within 24 hours from a prearranged location. Moreover, the company will also manage the repair process for any devices under warranty with the manufacturer. Thus, this process enables the companies to redeploy individual devices as necessary and provides them an overview of outstanding issues with the asset's condition. Such services are anticipated to drive the growth of the global asset recovery services market during the forecast period (2022-2028).

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Market Coverage
•The market number available for - 2021-2028
•Base year- 2021
•Forecast period- 2022-2028
•Segment Covered-
•By Type
•By Application
•Regions Covered-
•North America
•Europe
•Asia-Pacific
•Rest of the World

Competitive Landscape- IBM Corp., Dell Inc., Lenovo, and Nokia Corp. among others

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Global Asset Recovery Service Market Report by Segment
By Application
•Commercial
•Military
•Personal
•Others
By Type
•Hard Disk
•USB Drive
•Mobile Phone
•SD Card
•PC & Tablet
•Others

Key questions addressed by the report
•What is the market growth rate?
•Which segment and region dominate the market in the base year?
•Which segment and region will project the fastest growth in the market?
•How has COVID-19 impacted the market?
•Deviation from the pre-COVID-19 forecast
•Most affected region and segment
•Who is the leader in the market?
•How players are addressing challenges to sustain growth?
•Where is the investment opportunity?

 

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This release was published on openPR.