IT Asset Disposition (ITAD) Market 2020
IT Asset Disposition (ITAD) is the process which involves disposing of obsolete or unwanted equipment in ecologically safe manner. ITAD vendors are certified vendors, specialized in the disposition process. The prime objective is to reuse the useful parts and dispose the rest. The unused parts are disposed, to avoid harming the environment, as these parts may contain toxic materials. A major concern is providing data security before disposing. Various companies are implementing different methods of cleaning the data before disposing – such as imposing hefty fines, if data confidentiality is not maintained.
Market Segment by Top Companies, this report covers
HEWLETT PACKARD ENTERPRISE
SIMS RECYCLING SOLUTIONS
TES-AMM (SINGAPORE) PTE
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Global consumption of IT related hardware has increased manifold. This has given rise to infrastructure, production and resource cost. IT industry is growing rapidly, which is why the software and hardware systems also keeps getting updated. The biggest threat to the process is the equipment that faces the end of support clause. IT companies are searching for new ways to reduce the operational cost and increase productivity. Also, cost for maintenance sectors could be reduced, since many of the parts could be recycled or refurbished. Hence the rise of the IT Asset Disposition Market.
The IT asset disposition market is gaining traction from various multinational companies. Several environmental activists and lawmakers are raising their voice over protest unscientific asset disposition. Government sectors are also taking initiatives in IT asset disposition system and implementing strict regulations to ensure proper disposition. IT asset disposition market is also flourishing because the IT hardware technology and production is growing and giving rise to disposable hardware.
The IT asset disposition market is growing, and detailed study is required to understand the advancement. The market can be segmented based on the type and application it covers. The type-based segmentation holds De-manufacturing & recycling, remarketing & value recovery and data destruction. Application-wise the IT asset disposition market can be further sub-segmented into education authorities, medical industry, aerospace defense, public sector, manufacturing, entertainment and others. Diverse application of IT hardware has made the operation very critical for IT asset disposition market. It is mandatory to clear all the data and safely dispose of the equipment to obtain the necessary license, for certification. This can boost the market growth in the coming years.
The European market for IT asset disposition is flourishing due to the growing awareness of recycling electronic parts. Active participation from the Government authority is also adding fuel to the cause. North America is pushing the IT asset disposition market, as the unused IT assets are becoming a burden for many. Technological advancement in IT industry have boosted the market for IT Asset Disposition. The US and Canada are taking definitive steps. The Asia Pacific region is also witnessing growth in Asset disposition market, due to the advancement and growth in technological sector. Changing industrial setups are installing the process to ensure better progress.
In September 2019, Ingram Micro, a well-known service provider of IT asset disposition, and the Basel Action Network (BAN), the organization with the onus of the e-Stewards certification standard, declared that Ingram Micro would get certification for all its IT asset processing facilities, across the globe, and would meet the e-Stewards® standard in the next three years.
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Table of Contents –Analysis of Key Points
1 IT Asset Disposition (ITAD) Market Overview
2 Manufacturers Profiles
3 Global IT Asset Disposition (ITAD) Market Competition, by Players
4 Global IT Asset Disposition (ITAD) Market Size by Regions
5 North America IT Asset Disposition (ITAD) Revenue by Countries
6 Europe IT Asset Disposition (ITAD) Revenue by Countries
7 Asia-Pacific IT Asset Disposition (ITAD) Revenue by Countries
8 South America IT Asset Disposition (ITAD) Revenue by Countries
9 Middle East and Africa Revenue IT Asset Disposition (ITAD) by Countries
10 Global IT Asset Disposition (ITAD) Market Segment by Type
11 Global IT Asset Disposition (ITAD) Market Segment by Application
12 Global IT Asset Disposition (ITAD) Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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