IT Asset Disposition (ITAD) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 11/08/2018 --The changing IT landscape with the evolution of various factors such as cognitive computing, cloud computing, big data analytics, and the all-pervasive Internet of Things (IoT) has created a mammoth problem of mounting e-waste. IT asset disposition (ITAD) is increasingly being adopted by companies across the globe to manage this waste disposal, minimize the risk of data loss, and the subsequent monetary loss. With a range of services such as recycling, recovery, data sanitization or data destruction amongst others, the ITAD market has carved a sizeable niche for itself.

The North America market for IT asset disposition is anticipated to hold a large share and remain in the leading position in the next few years. A significant rise in the adoption of cloud services is estimated to ensure the growth of this region in the coming years.

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In addition to this, the use of cloud computing is considered an important part of the IT ecosystem, which is further predicted to shorten the lifespan of the IT assets, thus supplementing the market growth in the next few years. The Middle East and Africa and Asia Pacific are projected to witness a promising growth in the next few years, owing to the rising contribution from India, China, and Australia.

The global IT asset disposition market has been categorized on the basis of end use into energy and utilities, aerospace, BFSI, telecom and IT, media and entertainment, government, education, and healthcare. Among the mentioned segments, the media and entertainment segment is estimated to hold a major share of the global IT asset disposition market in the next few years. The rising demand for the high-definition visual content is likely to supplement the development of the market in the coming few years. In addition to this, the rise in the use of customized disposable services is estimated to propel the market in the forecast period.

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The rising demand for data and information security for the old assets and the rising need for environment safety and regulatory compliances are projected to accelerate the growth of the global IT asset disposition market in the next few years. In addition to this, the rising trend of bring your own devices and the rising adoption of new technology are estimates to support the growth of overall market in the next few years.

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