Press release
IT Asset Disposition Market expected to Witness a Sustainable Growth over 2021-2031 | Dell Technologies, IBM, Hewlett Packard Enterprise, Sims Limited, Iron Mountain
IT Asset Disposition Market
IT asset disposition (ITAD) is the process of retiring or otherwise disposing of surplus, end-of-life, or otherwise unwanted hardware and software. ITAD generally encompasses a variety of activities, including data destruction, refurbishment, resale, and recycling.
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Key Trends
There are three key trends in IT Asset Disposition technology:
1. The rise of cloud-based solutions: More and more businesses are moving to cloud-based solutions for their IT needs, and asset disposition is no exception.
2. The growth of mobile solutions: With the proliferation of smartphones and tablets, more and more businesses are looking for asset disposition solutions that are mobile-friendly.
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Key Drivers
The key drivers of IT asset disposition (ITAD) are the need to protect data, the need to comply with regulations, and the need to save money.
Data protection is the primary driver for ITAD. Organizations must ensure that their data is secure and compliant with regulations. They must also ensure that their data is not accessed by unauthorized individuals.
Compliance with regulations is another key driver for ITAD. Organizations must ensure that their IT assets are disposed of in a manner that is compliant with environmental regulations.
Market Segment
The IT asset disposition market is segmented by asset type, organization size, end-use, and region. By asset type, the market is classified into servers, storage devices, mobile devices, and others. Based on organization size, it is bifurcated into small and medium-sized enterprises, and large enterprises. On the basis of end-use, the market is divided into BFSI, educational, aerospace, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Key Players
The global IT asset disposition market includes players such as Dell Technologies, IBM, Hewlett Packard Enterprise, Sims Limited, Iron Mountain, CompuCom, 3stepIT, TES, Apto Solutions, LifeSpan International, and others.
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