The global IT asset disposition market size is anticipated to value USD 27.9 billion until 2025. It is also expected to register a CAGR of 10.8% over the forecasted years, 2019 to 2025. The increasing need for usage of electronic devices and products coupled with the need for disposal of old ones is driving the market growth for ITAD services.
The computers/laptops asset segment dominated the global market with a share of more than 40% in 2018 owing to the increasing among enterprises to recycle and refurbish obsolete laptops and computers. While the smartphones & tablets segment is projected to register a CAGR of 8.0% on account of rapid technological developments undertaken by smartphone manufacturers.
The media & entertainment end-use segment is expected to witness CAGR of 11.0% in the upcoming years owing to the rising adoption of media content prevailing among the millennial population. On the other hand, the IT & Telecom segment is expected to hold 30.0% across the global market by 2025.
In 2018, North America registered a share of around 15.0% across the global market due to the increasing number of cloud data centers across this region. While the Asia Pacific region is anticipated to register a CAGR of around 12.0% over the forecasted years on account of rapid technological advances and digitalization undertaken by several players operating in the IT industry.
The IT Asset Disposition (ITAD) market includes key players such as IT Renew Inc., Life Span International, Dataserv Group, Apto Solutions Inc., and Ingram Micro. They are also engaged in offering services like data destruction, remarketing, decommissioning, redeployment and recycling of IT-enabled hardware and software.
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Further key findings from the report suggest:
• The computers/laptops asset type segment dominated the global market in 2018.
• The media & entertainment segment is expected to witness 11.0% CAGR from 2019 to 2025.
• In 2018, Asia Pacificis anticipated to register a CAGR of 12.0% over the forecasted years.
• The key players in this market are IT Renew Inc., LifeSpan International, Dataserv Group, Apto Solutions Inc., and Ingram Micro.
Million Insights has segmented the global IT Asset Disposition market on the basis of asset type, end use, and region:
IT Asset Disposition (ITAD) Asset Type Outlook (Revenue, USD Billion, 2015 - 2025)
• Smartphones and Tablets
IT Asset Disposition (ITAD) End-use Outlook (Revenue, USD Billion, 2015 - 2025)
• IT& Telecom
• Energy and Utilities
• Media and Entertainment
IT Asset Disposition (ITAD) Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• Asia Pacific
• Latin America
• Middle East & Africa