Global IT Asset Disposition (ITAD) Strategic Business Report 2023: Ongoing Drive towards Digital Transformation Instigates Opportunities

Dublin, May 22, 2023 (GLOBE NEWSWIRE) -- The "IT Asset Disposition (ITAD): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for IT Asset Disposition (ITAD) estimated at US$16.8 Billion in the year 2022, is projected to reach a revised size of US$34 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2022-2030.

Remarketing & Value Recovery, one of the segments analyzed in the report, is projected to record a 9.9% CAGR and reach US$8.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the De-Manufacturing & Recycling segment is readjusted to a revised 8.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 11.7% CAGR

The IT Asset Disposition (ITAD) market in the U.S. is estimated at US$6.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 11.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8% and 9.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.

Select Competitors (Total 294 Featured) -

• Apto Solutions Inc.
• Dell Technologies Inc.
• EOL IT Services Ltd.
• Exit Technologies, Inc.
• Gigacycle Ltd.
• GreenTek Reman Pvt. Ltd.
• Hewlett Packard Enterprise Development LP
• IBM Corporation
• ICEX Ltd.
• Ingram Micro Inc.
• Iron Mountain Incorporated
• ITRenew, Inc.
• LifeSpan International Inc.
• Maxicom Inc.
• MultiTek, LLC
• Sims Lifecycle Services, Inc.
• TBS Industries Inc.
• Tes-Amm India Pvt. Ltd.
• Tes-Amm Singapore Pte Ltd.
• Wisetek Solutions, Inc.

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
• Progress on Vaccinations: Why Should Businesses Care?
• With IMF's Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
• A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
• IT Asset Management Industry from the Pandemic Lens
• COVID-19-Induced Challenges Affecting IT Asset Disposition Programs
• Asset Storage & Relocation Services Gain Traction
• IT Asset Disposition Players to Gain from Delayed Projects & Pent-Up Demand in 2022 and Beyond
• ITAD Vendors Innovate with Disposal Box Programs
• Competitive Scenario
• Electronics Recycling & IT Asset Disposition Players Mend Ways to Deal with COVID-19
• With Impact of COVID-19 Waning Gradually, IT Asset Disposition Companies Get Back to Business
• IT Asset Disposition (ITAD) - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Global Market Prospects & Outlook
• World IT Asset Disposition Market by Asset Type (2020 & 2027): Percentage Breakdown of Revenues for Computers/Laptops, Mobile Devices, Servers, Peripherals, Storage Devices, and Other Asset Types
• COVID-19-Led New Normal Holds Major Implications for IT Asset Disposition Strategy
• ITAD Market to Remain in Upswing Mode & Move Forward Swiftly
• Key Trends & Disruptions Impacting the Market
• Analysis by Service Type
• Data Destruction & Data Sanitization: Largest Service Segment
• World IT Asset Disposition Market by Service (2020 & 2027): Percentage Breakdown of Revenues for Remarketing & Value Recovery, De-Manufacturing & Recycling, Data Destruction/Data Sanitization, Logistics Management & Reverse Logistics, and Other Services
• Remarketing & Value Recovery Services Remain Highly Relevant
• Robust Demand for ITAD De-Manufacturing & Recycling Services
• Logistics Management & Reverse Logistics Gain Traction
• BFSI, IT & Telecom, and Media & Entertainment: Major End-Users Presenting Growth Opportunities
• World IT Asset Disposition Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for IT & Telecom, Media & Entertainment, BFSI, Healthcare, Government, Educational Institutions, and Other End-Uses
• While Developed Regions Remain Major Revenue Generators, Developing Regions Emerge as Fastest Growing Markets
• World IT Asset Disposition Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
• Global IT Asset Disposition Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, Canada, USA, Europe, and Japan
• Recent Market Activity

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/j2kq8k

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Attachment

• Global Market for IT Asset Disposition (ITAD)