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IT Asset Disposition (ITAD) Market

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IT Asset Disposition (ITAD) Market Expected to Reach US$ 23,184.9 Mn by 2027
According to a new market report published by Transparency Market Research the global IT
Asset Disposition (ITAD) market was valued at US$ 10,741.8 Mn in 2016 and is expected to
expand at a CAGR of 7.3% from 2019 to 2027, reaching US$ 23,184.9 Mn by the end of the
forecast period. According to the report, the global IT Asset Disposition (ITAD) market will
continue to be influenced by a range of macroeconomic and industry-specific factors. Asia
Pacific will continue to be at the forefront of global demand, with the market in the region
growing at a CAGR of about 8.7% throughout the forecast period.
Significant Growth in IT Industry Driving the Market
The frequency of introduction of new products and categorical innovations in the IT industry
indicates the industry’s constantly evolving landscape. The IT industry has touched a point
where Big Data analytics, cognitive computing, cloud computing, and the fastest-growing
Internet of Things (IoT) are changing businesses worldwide. Increasing usage of information and
communication technology (ICT) devices, coupled with decreasing lifecycle of IT products,
generates the need for companies to dispose electronic waste safely. For example, according to
the global e-waste monitor 2017 report by The International Telecommunication Union (ITU), ewaste generation is expected to rise significantly from 44.7 metric tons in 2014 and reach 52.2
metric tons in 2021. Thus, significant rise in e-waste generation is affecting the environment. In
order to dispose of this waste and minimize its side effects, companies are recycling,
recovering, and safely disposing their electronic waste. This is expected to drive the global IT
asset disposition market significantly.
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IT Asset Disposition (ITAD) Market: Scope of the Report
The IT Asset Disposition (ITAD) market is segmented based on asset type, service, enterprise
size, and end-use industry. By asset type, the market has been segmented into
computers/laptops, mobile devices, peripherals, storages, servers, and others (network
equipment). On the basis of service, the market has been segmented into data sanitation/
destruction, recycling, remarketing, asset recovery, and reverse logistics. The IT Asset
Disposition (ITAD) market based on enterprise size has been segmented into small enterprises,
medium size enterprises, and large enterprises. In terms of end-use industry, the market has
been bifurcated into Banking, Financial Services and Insurance (BFSI); telecom & IT; government
and public; aerospace & defense; energy & utilities; healthcare; media & entertainment;
datacenters; and others. Others segment includes manufacturing and education sectors.
The global ITAD market was led by North America in 2016 due to the significant growth in the IT
industry; the region is anticipated to remain the largest market for ITAD in the coming years.
Another reason is the existence of government regulations encouraging organizations to adopt
the means for safe and proper disposal of their assets. Europe was the second largest market in
2016. Data security and environmental safety regulations are aiding the growth of the ITAD
market in this region. Countries such as the U.K., Germany, Italy, and France have shown
significant demand for ITAD services.
Global IT Asset Disposition (ITAD) Market: Competitive Dynamics
Key service providers of ITAD globally include TBS Industries, ITRenew Inc., Arrow Electronics,
Inc., CloudBlue Technologies, Inc., Sims Recycling Ltd., Iron Mountain Incorporated, Dataserv
Group, Apto Solutions, Inc., TES-AMM Pte Ltd., LifeSpan International, Inc., Dell, Inc., and
Hewlett Packard Enterprise Development LP.
Author
monaliraghu
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