Cloud Computing Data Center IT Asset Disposition (ITAD) Market (Asset Type - IT Equipment (Server, Storage Devices, Network Gears, Cables, Racks) Forecast 2016 - 2020

Albany, NY -- (SBWire) -- 12/02/2016 --According to TMR, the global cloud data center ITAD stood at US$3.5 bn in 2015. The steady rise in the ITAD uptake and the revenue generated by these solutions is likely to boost the market's opportunity to reach US$4.6 bn by 2020.

Data sanitization has emerged as the highest demanded ITAD solution among all in the recent times. In 2015, the segment generated a revenue of US$1.4 bn, which is likely to reach US$1.9 bn by 2020, expanding at a CAGR of 6.40% between 2016 and 2020. The rising preference for secure elimination of data in enterprises has created a substantial need for data sanitization in order to protect confidential information while disposing of storage assets, which is projected to increase significantly in the coming years.

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As enterprises are increasingly opting for recovery services in order to maximize the revenue generated from old and discarded IT assets, the demand for asset recovery solutions is expected to augment remarkably in the near future. The segment is projected to rise at a CAGR of 6.30% during the period from 2016 to 2020, emerging second in the overall market by 2020.

Steady Rise in Annual ITAD Volume and Revenue Generated to Influence Global Opportunity Significantly

The steady rise in the annual volume consumed and the revenue generated by ITAD has influenced the market for cloud computing data center ITAD greatly over the recent past and the trend looks undying in the near future. According to TMR, the market opportunity is likely to expand at a healthy CAGR of 5.70% during the period from 2016 to 2020 and increase from a US$3.5 bn in 2015 to US$4.6 bn by the end of the forecast period.

North America has emerged as the current market leader. The presence of a huge IT industry and a number of cloud data centers has assisted this region significantly in occupying this position. Analysts expect it to remain dominant over the forecast period, considering the ever-increasing amount of data in cloud data centers. The opportunity in this regional market has been estimated to rise from US$1.3 bn in 2015 to US$1.7 bn by 2020.

During the forecast period, storage devices are likely to report the highest demand among the ITAD assets and the demand for data sanitization is expected to rise at the highest rate among solutions.

The study presented here is based on a report by Transparency Market Research (TMR) titled "Cloud Computing Data Center IT Asset Disposition (ITAD) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2020."

The competitive landscape of the global cloud computing data center IT asset Disposition (ITAD) market is oligopolistic in nature. A handful of ITAD providers, including ITRenew Inc., Sims Recycling Solutions Inc., Arrow Value Recovery Inc., Apto Solutions, and Cloud Blue Technologies Inc., enjoy dominance over the worldwide market, finds Transparency Market Research in a new study.