DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "IT Asset Disposition (ITAD) Market by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics), Asset Type, Organization Size, End-User, & Geography - Global Forecast to 2022" report to their offering.
The IT asset disposition market is likely to grow at a CAGR of 9.83% during the forecast period
The IT asset disposition market is expected to reach USD 20.09 billion by 2022, at a CAGR of 9.83% during the forecast period. The growth of the market is driven by various factors such as the awareness among the people toward the harmful impact of e-waste generated, need for data security to protect confidential data, and the growing number of initiatives taken by various governments to implement effective IT asset disposition processes to safeguard the environment. However, the lack of awareness, high service costs, and lack of comprehensive IT asset disposition policies are the major restraints for the growth of the ITAD market.
The market for the media and entertainment industry is expected to grow at a highest CAGR between 2016 and 2022. The media and entertainment industry has a high growth rate for remarketing and value recovery services. However, data destruction services hold a larger market size because of the nature of the industry where online and web penetration has increased the demand for more storage and server needs.
As the dependency on mobile technology has increased and the concept of BYOD is increasingly being adopted in the enterprise environment, the need for protecting sensitive data stored in devices is also growing. Thus, a third-party service provider is required to provide IT asset disposition services to mitigate the risks associated with mobile device security. The ITAD services which are majorly used for mobile devices are secure logistics, technology processing, data destruction, activation check, remarketing, recycling, and reporting.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 It Asset Disposition Market, By Service
8 It Asset Disposition Market, By Asset Type
9 It Asset Disposition Market, By Organization Size
10 It Asset Disposition Market, By End User
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Apto Solution, Inc.
- Arrow Electronics, Inc.
- Cloudblue Technologies, Inc.
- Hewlett Packard Enterprise Company
- Ibm Corporation
- Iron Mountain Incorporated
- Itrenew Inc.
- Lifespan International Inc.
- Sims Recycling Solutions
- Tbs Industries
- Tes-Amm (Singapore) Pte Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/k9t3gc/it_asset