DUBLIN--(BUSINESS WIRE)--The "IT Asset Disposition (ITAD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global IT Asset Disposition (ITAD) market is poised for remarkable growth, with an estimated value of US$16.8 billion in 2022, and a projected surge to US$34 billion by 2030. This impressive expansion is anticipated at a solid CAGR of 9.2% over the analysis period spanning 2022 to 2030.
Remarketing & Value Recovery Leads the Way
Among the segments analyzed in the report, Remarketing & Value Recovery stands out, projected to achieve a significant 9.9% CAGR, reaching a value of US$8.6 billion by the end of the analysis period. Growth in the De-Manufacturing & Recycling segment is also notable, with an estimated 8.2% CAGR over the next eight years.
Global Leaders and Geographic Highlights
The United States IT Asset Disposition (ITAD) market is estimated at a substantial US$6.3 billion in 2022, highlighting strong growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$5.1 billion by 2030, driven by a compelling CAGR of 11.7% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience robust growth at 8% and 9.1%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a steady 9% CAGR.
Key Competitors
Key players in the IT Asset Disposition (ITAD) market include:
- Apple, Inc.
- Adamec Recycling GmbH
- ADL Process, Inc.
- Advanced Technology Recycling
- Advantage E-Cycling
- Asset LifeCycle LLC
- Apto Solutions, Inc.
- A2Z Group
- 406 Recycling
- A1 Assets, Inc.
- ARCA Recycling, Inc.
- ADAPTURE Technology Group
- Adonis
- Akooba
- 3 Step IT Group
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Thriving Trends with Big Implications for IT Asset Disposition
- ITAD: A Critical Strategy to Stay Relevant in Changing & Evolving Technology Arena
- Ongoing Drive towards Digital Transformation Instigates Opportunities
- Global Digital Transformation Spending (In US$ 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/ks6kqr
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