IT Asset Disposition (ITAD) Market Report
A new market study, titled “IT Asset Disposition (ITAD) Market Report” has been featured on Market Research Future.
The global IT asset disposition (ITAD) market 2020 study by Market Research Future offers comprehensive analysis by saying that the market is anticipated to witness significant momentum of USD 27 billion during the years from 2019 to 2025. The growth rate is prone to be 12% of CAGR in the anticipated period, owing to the trend of BYOD, which is keeping shares of the most prominent players in this landscape. Along with this, in-depth commentary on the key influencing factors, market statistics in terms of revenues, segmental data, and regional data are equally offered in the study that captures all the facets of the global IT asset disposition market.
Top Impacting Factors
The development in the adoption of technology has led to the mass manufacturing of several products, thus lessening the cost of much IT equipment and leading to the surging adoption of technology in emerging regions. The reception and implementation of technology are pivotal for the determination of the success of many industries in existence. As more consumers adopt technology such as Smartphones as a tool for universal use in their everyday life, the potential for the growth of the IT asset disposition market increases.
MRFR also emphasizes on the fact that regulatory compliances and environmental safety are one of the significant motivating forces when it comes to the IT asset disposition market’s expansion. Governments are now more focused on undertaking the environmental concerns that are arising from electronic waste. All these factors have catered to the market’s expansion to a great extent that could expand more in the mentioned forecast period.
The escalation of the market is further driven by more factors such as the need to store assets in inventory for remarketing, strict data security compliance with environmental regulations, and necessitate to exploit asset value recovery. The surging usage of electronic devices such as laptops, mobiles, and tablets for enterprise usage is also forceful towards the demand for IT asset disposition, thus impacting the market to a great extent.
On the contrary, the factor of lack of comprehensive IT asset disposition policy might hamper the overall growth of the IT asset disposition market at a global level.
Segmentation of Market: IT Asset Disposition
The global IT Asset Disposition (ITAD) market, as per the study, has been segmented among service, asset type, industry vertical, and organization size.
By the segment of asset type, the market includes mobile devices, computers, storage devices, servers, and peripherals. The mobile devices segment might exhibit the highest CAGR owing to the rising number of Smartphones and tablets for work under the growing popularity of BYOD.
By the segment of service, the market has included recycling, data destruction, de-manufacturing, reverse logistics, logistics management, remarketing & value recovery, and remarking.
By the segment of the organization, the market includes small, medium, and large enterprises. Among these, small and medium enterprise segments might record the higher CAGR during the forecast period in support of the growing trend of BYOD at workplaces.
By the segment of industry vertical, the market has included IT & telecom, BFSI, aerospace & defense, education, media & entertainment, manufacturing, and others. Wherein the media & entertainment industry, might exhibit the highest CAGR during the forecast period.
Related Article@ https://www.abnewswire.com/pressreleases/covid19-impact-on-it-asset-disposition-itad-market-analysis-by-size-share-future-scope-emerging-trends-sales-revenue-top-leaders-and-regional-forecast-to-2025_503768.html
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312