The market will reach USD 18,703.42 million by 2022. The global IT asset disposition (ITAD) market was valued USD 11,326.14 million and expected to reach around USD 18,703.42 million by 2022 with the CAGR of 8.33% between the years 2016-2022.
Sarasota, FL -- (SBWIRE) -- 02/27/2019 -- The major players in the Global IT asset disposition market are Arrow Electronics, Inc., Apto Solutions, Ingram Micro Inc., and SIMS RECYCLING LTD among others. These players are set to power the development of IT asset disposition market in the future. In addition to this, various M&A by major players is set to propel the IT asset disposition market. For example, in July 2018, Broadcom Inc. declared its plan of obtaining CA Technologies, thus boosting the IT asset disposition market.
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The IT asset disposition market will cross USD 18,703.42 Million by 2022, as per experts at Zion Market Research. The global IT asset disposition market was capitalized at USD 11,326.14 Million and is likely to cross almost USD 18,703.42 Million by end of 2022 with the CAGR of 8.33% from 2016 to 2022.
The regulatory modifications all over the world to lower the environmental hazards owing to electronic waste are likely to drive IT asset disposition market. Technological advancements in big data analytics, cloud computing, and IoT are lowering the lifetime of IT equipment, which is elevating the dependence on ITAD services, boosting the IT asset disposition market.
As per experts at Zion Market Research, value recovery and remarketing segment is likely to carry on to rule the IT asset disposition market owing to the service it offers that assists to obtain maximum returns. Value recovery and remarketing offer financial return from electronic properties and it involves advantages such as security, increase efficiencies, and sustainability of assets, boosting the IT asset disposition market.
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Mobile devices have elevated profitability & productivity of the business and this sector is likely to develop at the uppermost CAGR in IT asset disposition market in the future. Rapid development in tablets & smartphones are elevating the use of the mobile device in companies, thus boosting the IT asset disposition market. As per facts, smartphone imports crossed 1.53 Billion units in 2017 and are likely to develop almost 1.77 Billion by end of 2021.
Online clients portal and on-site equipment audit solution are expected to develop with uppermost CAGR in the IT asset disposition market due to rising need for revolutionary software-based methods. This reduces other disadvantages and unnecessary costs of traditional ITAD process, boosting the IT asset disposition market.
IT and Telecom added up for the biggest share of IT asset disposition market in 2016. Rising activity in the smelting and e-recycling sectors will boost the IT asset disposition market in the near future. IT and Telecom sector are developing at rapid rate. Increasing requirement for new techs on regular basis has lowered the lifetime of IT tools, which will power the income in the IT asset disposition market.
The global IT asset disposition market is segmented as follows:
Application Processor (AP)
Digital Signal Processor (DSP)
Heart Rate Sensor
Others (Memory Device and Logic Device)
Smart Bluetooth Trackers
Fitness & Heart Rate Monitor
Building and Home Automation
Energy and Utilities
The Middle East and Africa
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