IT Asset Disposition Gains Momentum as Digital Transformation and Data Security Become Top Priorities for Enterprises - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "IT Asset Disposition (ITAD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global IT Asset Disposition (ITAD) market is poised for remarkable growth, with an estimated value of US$16.8 billion in 2022, and a projected surge to US$34 billion by 2030. This impressive expansion is anticipated at a solid CAGR of 9.2% over the analysis period spanning 2022 to 2030.

Remarketing & Value Recovery Leads the Way

Among the segments analyzed in the report, Remarketing & Value Recovery stands out, projected to achieve a significant 9.9% CAGR, reaching a value of US$8.6 billion by the end of the analysis period. Growth in the De-Manufacturing & Recycling segment is also notable, with an estimated 8.2% CAGR over the next eight years.

Global Leaders and Geographic Highlights

The United States IT Asset Disposition (ITAD) market is estimated at a substantial US$6.3 billion in 2022, highlighting strong growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$5.1 billion by 2030, driven by a compelling CAGR of 11.7% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience robust growth at 8% and 9.1%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a steady 9% CAGR.

Key Competitors

Key players in the IT Asset Disposition (ITAD) market include:

1. Apple, Inc.
2. Adamec Recycling GmbH
3. ADL Process, Inc.
4. Advanced Technology Recycling
5. Advantage E-Cycling
6. Asset LifeCycle LLC
7. Apto Solutions, Inc.
8. A2Z Group
9. 406 Recycling
10. A1 Assets, Inc.
11. ARCA Recycling, Inc.
12. ADAPTURE Technology Group
13. Adonis
14. Akooba
15. 3 Step IT Group

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Thriving Trends with Big Implications for IT Asset Disposition
• ITAD: A Critical Strategy to Stay Relevant in Changing & Evolving Technology Arena
• Ongoing Drive towards Digital Transformation Instigates Opportunities
• Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
• Large Installed Base of IT Assets & Sustained Investments on IT Devices Augurs Well
• Quicker Obsolescence of IT Devices & Resulting E-Waste Volumes Amplify the Need for ITAD
• Average Lifespan (in Years) of Select IT Products
• Data Security Concerns associated with Discarded IT Equipment Build Robust Momentum
• Critical Importance of IT Asset Management in Modern Enterprise Environments Points Towards Progressive Adoption of ITAD Services
• Expanding IoT Ecosystem Provides Steady Demand Prospects
• Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025P
• Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022E
• IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2018 & 2025P
• Widespread Adoption of Cloud Computing Elevates Prospects for ITAD
• Global Public Cloud Computing Market (in US$ Billion) by Segment for the Years 2019 and 2022E
• Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
• Rise of Cloud Data Center Spurs the Demand for ITAD Services
• Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021E
• With BYOD Evolving into Mainstream Enterprise Concept, Opportunities Galore for ITAD Services Market
• Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
• Smartphone Nurtures BYOD Ecosystem
• Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022E
• Smartphone Adoption Worldwide by Region (in %): 2018 & 2025P
• Surging Smartphone Penetration: Smartphone Users as % of Global Population for the Period 2018-2022E
• Tablet PCs
• Growing Use of Recyclable Materials in Making IT Devices Augurs Well for ITAD Market
• Involvement of Device Manufacturers & Retailers Boosts Market Prospects
• Ongoing Trade Wars to Impact the ITAD Market
• Resolving Prevailing Issues & Challenges: Critical for Future Success of ITAD Services Market
• Transit Challenges
• Material & Process Level Challenges
• Smaller & Thinner IT Devices Amplify the Complexity
• Low Awareness Levels Thwart Industry Efforts
• Low Commodity Price Values: A Major Challenge
• Pandemic Led Changing IT Landscape Throws Challenges for ITAD

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ks6kqr

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