Global IT Asset Disposition Market Will Reach USD 18,703.42 million by 2022: Zion Market Research

New York, NY, Feb. 21, 2018 -- Zion Market Research has published a new report titled “IT Asset Disposition (ITAD) Market by Service Type (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics, and Other Service) by Asset Type (Computer/Laptops, Servers, Mobile Devices, Storage Devices, and Peripherals) for (Banking, Financial Service, and Insurance (BFSI), IT and Telecom, Educational Institutions, Healthcare Industry, Aerospace and Defense, Public Sector and Government offices, Manufacturing, Media and Entertainment, Others): Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2022 ”.

According to the report, the global IT asset disposition (ITAD) market was valued USD 11,326.14 million and expected to reach around USD 18,703.42 million by 2022 with the CAGR of 8.33% between the years 2016-2022.

Browse through 24 Tables & 39 Figures spread over 150 Pages and in-depth TOC on "Global IT Asset Disposition Market Size, Share, and Forecast 2016 – 2022”.

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Market Report Highlights

• IT asset disposition is being adopted in various industries to reduce the environmental impact; this will drive the IT asset disposition market in near future.

•  Increasing standard regulatory compliances as well as the rising focuses on environmental safety will help to boost the ITAD market.
• The remarketing and value recovery segment contributes a prominent share in the global IT asset disposition market in 2016. Remarketing and value recovery process to recover maximum value from the asset. This factor raising the growth of the segment.
• Mobile devices segment is expected to grow with highest CAGR of 11.94% in between 2017-2022, Owing to the increased use of smartphones and tablets in enterprises. Mobile devices provide the flexibility to carry devices anywhere along with internet connectivity and it is small in size.
•  Increasing industrialization across the globe has increased the revenue of the small & medium organization. This factor will lead the growth of this segment.
• Among the several geographical regions, Asia Pacific will grow with highest CAGR in upcoming years. Growing adoption of new technology in emerging countries such India, China and Singapore will increase the demand of the ITAD market.

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As per the analysis, media and entertainment segment is expected to grow at highest CAGR in the forecasted period. IT & Telecom segment acquired the maximum share due to the rising requirement of advanced technology are reducing the lifespan of IT assets equipment in IT industry is creating the need for IT asset disposition service.

Mobile devices have increased productivity & profitability of the business and this segment is expected to grow at the highest CAGR during the forecast period. Rapid growth in smartphones and tablets are increasing use of the mobile device in organizations. According to facts, smartphone shipment reaches 1.53 billion units in 2017 and expected to grow around 1.77 billion by 2021.

Browse the full “IT Asset Disposition Market by Service Type (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics) by Asset Type (Computer/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals) for (Banking, Financial Service, and Insurance (BFSI), IT and Telecom, Educational Institutions, Healthcare Industry, Aerospace and Defense, Public Sector and Government offices, Manufacturing, Media and Entertainment, Others) Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2016 – 2022” report at https://www.zionmarketresearch.com/report/it-asset-disposition-market

On-site equipment audit solution and online clients portal expected to grow with highest CAGR due to increasing demand for revolutionary software-driven approaches which reduce unnecessary costs and other disadvantages of traditional ITAD process. 

IT and Telecom accounted for the largest market share in 2016. Increasing activity in the e-recycling and smelting industries will drive this segment over the forecasted period. IT and telecom industry are growing at rapid pace. Rising need for new technologies on regular basis has reduced the lifespan of IT equipment will boost the revenue of this segment.

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APAC region will grow with highest CAGR in 2017-2022 owing to the several developments occur in India & China along with government support for the new projects are providing several growth opportunities for ITAD market in the region. In addition digitalization in many countries in APAC will propel the growth of global IT asset disposition market.

The major market players in the global IT asset disposition market are Apto Solutions, Arrow Electronics, Inc., SIMS RECYCLING LTD, Ingram Micro Inc., among others.

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IT Asset Disposition Market: By Service Segment Analysis

• De-Manufacturing and Recycling 
• Remarketing and Value Recovery 
• Data Destruction/Data Sanitization 
• Logistics Management and Reverse Logistics 
• Other Services 
  • On-Site Equipment Audit Solution 
  • Online Clients’ Portal

IT Asset Disposition Market: By Asset Type Segment Analysis

• Computer/Laptops 
• Servers 
• Mobile Devices 
• Storage Devices
• Peripherals 
  • Networking Devices 
  • I/O Devices 

IT Asset Disposition Market: By Organization Size Segment Analysis

• SOHO and Medium Enterprises 
• Large Enterprises 

IT Asset Disposition Market: By End-User Segment Analysis

• Banking, Financial Service, and Insurance (BFSI) 
• IT and Telecom 
• Educational Institutions 
• Healthcare Industry 
• Aerospace and Defense 
• Public Sector and Government offices 
• Manufacturing 
• Media and Entertainment 
• Others
  • Energy and Utility 
  • Construction and Real Estate
  • Logistics and Transportation 

IT Asset Disposition Market: By Region Segment Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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