1. Market Research
  2. > ICT
  3. > IT Services Market Trends
Global IT Asset Disposition (ITAD) Industry

Global IT Asset Disposition (ITAD) Industry

  • April 2021
  • 330 pages
  • ID: 5798957
  • Format: PDF
  • Global Industry Analysts

Summary

Table of Contents

MARKET IMPACT SURVEY - COVID-19 & LOOMING RECESSION

Timely market intelligence is paramount in these uncertain times!

We launched an impact survey to update this project with timely insights during 2020. Update frequency will depend upon evolving market conditions and executive opinions. Our participants are executives driving strategy, marketing, sales and product management at competitive companies worldwide. All updates during the rest of the year are complimentary to clients!

Abstract:
- COVID-19 is a Lesson in Safeguarding the Environment. ITAD to Reach $20.7 Billion by 2027
- The global market for IT Asset Disposition (ITAD) is projected to reach US$20.7 billion by the year 2027, trailing a CAGR of 8.6% over the analysis period 2020 to 2027.COVID-19 pandemic has taught humanity a lesson on the importance of safeguarding the environment and tackling climate change before it is too late. A world emerging wiser from the pandemic in the coming years will step up investments in environmental protection and sustainability technologies. COVID-19 outbreak has several links to the worsening global environmental problems. The pandemic has also highlighted the unpreparedness of the healthcare system to handle a public health crisis. The crisis has underlined the inadequacy of current policies to protect wildlife & the environment. Strong focus in the coming years will be shed on IT Asset Disposition (ITAD) to prevent e-waste from emerging into the next big environmental & health crisis. eWaste management will attract billions of dollars in proactive investments geared to protect the environment from future crisis.
- ITAD is focused on disposal of unwanted, worn-out, and obsolete information technology (IT) equipment in a safe and ecologically-responsible manner. Modern enterprises usually have a heavy replacement cycle of IT equipment and are regularly faced with decisions pertaining to whether resell, refurbish, dispose or recycle their worn out old business equipment. For such enterprises, ITAD vendors extend support in streamlining the IT asset disposition process, while maximizing the recouping of losses and reducing the costs. A host of factors are expected to boost the prospects for ITAD services market in the coming years. ITAD services market typically stands to gain from massive installed base of IT systems such as computers and servers; growing adoption of advanced technologies and concepts such as cloud computing and BYOD; fast evolving role of IoT; and shift towards Industry 4.0 & ’Smart Factory’ environments. At the same time, factors such as environmental concerns and regulatory issues pertaining to IT assets disposal, and data security regulations such as GDPR will have a strong bearing on future growth of the ITAD services market. In post COVID-19 period, enterprises will be more willing to leverage ITAD services such as recovery, recycling, data destruction or data sanitization, to manage the waste disposal, restrict the risk of data loss, and the subsequent financial losses, thus giving impetus to ITAD services market. Rising demand for refurbished/used IT equipment and rapidly evolving data security concerns with discarded IT equipment, also favor long-term growth in the ITAD services market.
- Data destruction and data sanitization remain highly relevant service segments within the ITAD services market. There have been noteworthy developments in data destruction and data sanitization domains in recent years, some of which include new standards for media sanitization, emergence of diverse data storage devices, dedicated sanitized commands for data destruction, adoption of cryptographic erase method, and relevance of one-pass overwrite. Rapid technological advancements and diversification of data storage devices have made it extremely complicated for a single standard to cover all aspects. The issue is responsible for replacement of DoD 5220.22-M standard related to disk-wiping algorithms with NIST SP 800.88. The document covers three forms of media sanitization including purge, clean and destroy as well offers minimum guidelines and specifications for individual media sanitization categories and storage devices. The industry is witnessing availability of diverse forms of data storage devices along with extension of capacities for traditional options such as magnetic hard drives. Despite the opportunities for growth, lack of recycling infrastructure, proper regulatory policies, low level of awareness across several developing and underdeveloped regions, and inadequate number of e-waste collection centers will remain major challenges to growth. Furthermore, low recycling rate, lack of proper incentive policies, and high cost of e-waste management are limiting the growth rate in developing and underdeveloped regions. Moreover, factors like uncontrolled dismantling, disposal and burning of electronic waste are likely to adversely affect the market. Some of the other prominent challenges include compliance with local, state and federal legislations, data security, management of logistics and auditing & management of downstream processors and e-waste recyclers.

- Select Competitors (Total 74 Featured) -
  • Apto Solutions, Inc.
  • Asset Management Ireland Ltd.
  • Dell Technologies
  • EOL IT Services Ltd.
  • Exit Technologies
  • Gigacycle Ltd.
  • GreenTek Reman Pvt. Ltd.
  • Hewlett-Packard Enterprise
  • IBM Corporation
  • ICEX Ltd.
  • Ingram Micro
  • Iron Mountain Incorporated
  • ITRenew, Inc.
  • LifeSpan International, Inc.
  • Maxicom Inc.
  • MultiTek, LLC
  • Sims Recycling Solutions, Inc.
  • TBS Industries Inc.
  • Tes-Amm India Pvt. Ltd.
  • Tes-Amm Singapore Pte Ltd.
  • Wisetek Solutions, Inc.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

IT Asset Disposition Market with COVID-19 impact Analysis By Service And Region - Global Forecast to 2026

  • $ 4950
  • April 2021
  • 224 pages

The IT asset Disposition market is expected to grow from USD 14.5 billion in 2020 to USD 21.2 billion by 2026; it is expected to grow at a CAGR of 7.9% from 2021 to 2026. The IT asset disposition market ...

  • APAC
  • North America
  • Electronics Recycling
  • IT Services
  • Industry analysis
  • Waste Generated
  • Computer Expenditure

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on