According to a new market research report published by Global Insight Services “IT Asset Disposition Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
IT asset disposition (ITAD) is the process of retiring or otherwise disposing of surplus, end-of-life, or otherwise unwanted hardware and software. ITAD generally encompasses a variety of activities, including data destruction, refurbishment, resale, and recycling.
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Key Players
The global IT asset disposition market includes players such as Dell Technologies, IBM, Hewlett Packard Enterprise, Sims Limited, Iron Mountain, CompuCom, 3stepIT, TES, Apto Solutions, LifeSpan International, and others.
Key Trends
There are three key trends in IT Asset Disposition technology:
1. The rise of cloud-based solutions: More and more businesses are moving to cloud-based solutions for their IT needs, and asset disposition is no exception.
2. The growth of mobile solutions: With the proliferation of smartphones and tablets, more and more businesses are looking for asset disposition solutions that are mobile-friendly..
3. The rise of big data: As businesses generate increasing amounts of data, they are looking for asset disposition solutions that can help them make sense of it all.
Key Drivers
The key drivers of IT asset disposition (ITAD) are the need to protect data, the need to comply with regulations, and the need to save money.
Data protection is the primary driver for ITAD. Organizations must ensure that their data is secure and compliant with regulations. They must also ensure that their data is not accessed by unauthorized individuals.
Compliance with regulations is another key driver for ITAD. Organizations must ensure that their IT assets are disposed of in a manner that is compliant with environmental regulations.
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Market Segment
The IT asset disposition market is segmented by asset type, organization size, end-use, and region. By asset type, the market is classified into servers, storage devices, mobile devices, and others. Based on organization size, it is bifurcated into small and medium-sized enterprises, and large enterprises. On the basis of end-use, the market is divided into BFSI, educational, aerospace, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
Reasons to buy IT Asset Disposition Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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- 10-year forecast to help you make strategic decisions
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- Robust and transparent research methodology
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