IT asset disposition (ITAD) refers to a solution that allows enterprises to dispose of obsolete equipment in a responsible and safe manner. The companies that offer IT asset disposition services help SMEs and large enterprises in streamlining the disposition process of their IT assets and saving costs. The ITAD solutions takes into account various factors such as data security and ecologically responsible disposal. The increasing demand for ITAD solutions from industries such as BFSI, IT and telecom, healthcare, manufacturing, logistics, and transportation is anticipated to drive the growth during the forecast period of 2019 to 2028.
MARKET SCOPE
The "Global IT Asset Disposition (ITAD) Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the IT asset disposition (ITAD) market with detailed market segmentation by Service, of Asset Type End-Use Industry, and geography. The report provides key statistics on the market status of the leading IT asset disposition (ITAD) market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service, the global IT asset disposition (ITAD) market is segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitization, and others.
- On the basis of asset type, the market is segmented into servers, computers/laptops, storage devices, peripherals, and others.
- Based on end-use industry, the market is segmented into BFSI, IT and telecom, healthcare, manufacturing, logistics and transportation, and others.
MARKET DYNAMICS
Drivers:
- The IT asset disposition (ITAD) market is anticipated to grow in the forecast period owing to the growing demand for information security & environmental safety in enterprises and increasing adoption of technology in various industry sectors.
- The increasing demand for value recovery from old assets is anticipated to offer ample growth opportunities for the global IT asset disposition (ITAD) market in the coming years.
Restraints:
- Lack of technology awareness and high service costs could affect the growth of the market during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IT asset disposition (ITAD) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IT asset disposition (ITAD) market in these regions.
IMPACT OF COVID-19ON IT ASSET DISPOSITION (ITAD) MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IT asset disposition (ITAD) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from IT asset disposition (ITAD) market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IT asset disposition (ITAD) market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Apto Solution, Inc.
- Arrow Electronics, Inc.
- Castaway Technologies
- Dell Inc.
- Hewlett Packard Enterprise Company
- Iron Mountain Incorporated
- Lifespan International Inc.
- Sims Limited
- TBS Industries
- TES group