IT Asset Disposition (ITAD) Market Size And Forecast
According to Verified Market Research, the Global IT Asset Disposition (ITAD) Market was valued at USD 13.15 Billion in 2018 and is projected to reach USD 24.85 Billion by 2026, growing at a CAGR of 8.47% from 2019 to 2026.

The latest survey on Global IT Asset Disposition (ITAD) Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the IT Asset Disposition (ITAD) Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global IT Asset Disposition (ITAD) Market By Asset Type, By Service, By Organization, By End User, By Competitive Landscape,  By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is IT asset disposition?
IT asset disposition, commonly known as ITAD, can be defined as the process of re-using or recycling (or some other transfer method) of IT equipment. Companies are constantly purchasing new assets such as laptops, various office equipment, and mobile devices. The improper disposal or recycling of which would create a large amount of e-waste that could lead to loss for the company. The ITAD process involves data destruction, reusable parts harvesting as well as repair of equipment. The market for ITAD takes into consideration confidential device data, environmental hazards, and logistics, all of which require a well-planned strategy.

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Global IT Asset Disposition (ITAD) Market Overview
The growth in the adoption of technology has led to the bulk manufacturing of several products, thereby lessening the cost of various IT equipment and leading to the increasing adoption of technology in emerging economies. The acceptance and implementation of technology is critical for the determination of the success of many of today’s industries. As more consumers adopt technology such as smartphones as a tool for general use in their everyday life, the potential for the growth of the IT asset disposition market increases.

 Regulatory compliances and environmental safety are one of the major driving forces when it comes to the IT asset disposition market. Governments are more than ever focused on undertaking the environmental concerns that are arising from electronic waste. However, lack of comprehensive IT asset disposition policy is expected to hamper the overall growth at a global level.

Global IT Asset Disposition (ITAD) Market: Segmentation
The Global IT Asset Disposition (ITAD) Market is segmented on the basis of service, asset type, organization, end use and geography.

IT Asset Disposition (ITAD) Market By Asset Type:
On the basis of asset type, the market is bifurcated into Computers/Laptops, Servers, Mobile Devices, Storage Devices and Peripherals.

 Computers/Laptops accounted for the largest market share of 48.85% in 2018, is projected to grow at a CAGR of 8.83% during the forecast period. Mobile Devices was the second-largest market in 2018 and is projected to grow at the highest CAGR during the forecast period.

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On the basis of regional analysis, the market is classified into North America, Europe, Asia Pacific and Rest of the world. The Asia-Pacific region accounted for the largest market share of 38.98% in 2018 and is projected to grow at the highest CAGR during the forecast period. Development of China’s business sector act as driver for the growth in Asia Pacific region. Europe, which is dominated by countries such as Germany, U.K. and France accounted for 26.1% of the global market in 2018.

IT Asset Disposition (ITAD) Market Competitive Landscape:
IT Asset Disposition (ITAD) Market is highly fragmented with the presence of a large number of manufacturers globally. The major players in the market are Arrow Electronics, Inc., SIMS Recycling Solutions, Inc., Iron Mountain Incorporated, APTO Solutions, Inc., Ingram Micro ITAD., ITrenew.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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