Global IT Asset Disposition (ITAD) Market
Global IT Asset Disposition (ITAD) Market Size, Share, Growth, Trends, Opportunities and Forecast
According to Verified Market Research, the Global IT Asset Disposition (ITAD) Market was valued at USD 13.15 Billion in 2018 and is projected to reach USD 24.85 Billion by 2026, growing at a CAGR of 8.47% from 2019 to 2026.
IT asset disposition, commonly known as ITAD, can be defined as the process of re-using or recycling (or some other transfer method) of IT equipment. Companies are constantly purchasing new assets such as laptops, various office equipment, and mobile devices. The improper disposal or recycling of which would create a large amount of e-waste that could lead to loss for the company. The ITAD process involves data destruction, reusable parts harvesting as well as repair of equipment. The market for ITAD takes into consideration confidential device data, environmental hazards, and logistics, all of which require a well-planned strategy.
The growth in the adoption of technology has led to the bulk manufacturing of several products, thereby lessening the cost of various IT equipment and leading to the increasing adoption of technology in emerging economies. The acceptance and implementation of technology is critical for the determination of the success of many of today’s industries. As more consumers adopt technology such as smartphones as a tool for general use in their everyday life, the potential for the growth of the IT asset disposition market increases.
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