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.
global it asset disposition itad market
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), e-waste 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.
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.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more