IT Asset Disposition Market : Recent Industry Developments and Growth Strategies Adopted by Players

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.

A research report published by Transparency Market Research states the opportunity in the global ITAD market will be worth US$18.18 bn by 2024 from US$9.89 bn in 2015, as the market promises to surge at a CAGR of 7.1% between 2016 and 2024. The strict regulatory changes advised by governments across the world to minimize the possibilities environmental hazards created due to electronic waste is also expected to drive this market.

The media and entertainment segment will be the biggest end user of the ITAD products and services in the foreseeable future. This end-user segment will expand at a CAGR of 8.9% during the forecast period.

Obtain Report Details @

http://www.transparencymarketresearch.com/it-asset-disposition-market.html

The report asserts that North America was one of the leading geographical segments due to a high adoption rate of cloud services. As cloud computing continues to be an integral part of the North America IT ecosystem, it will shorten the lifespan of IT assets thereby triggering a considerable demand for ITAD services.

Furthermore, customers are preferring ITAD services in North America as vendors are seeking quality standards such as HIPPA/HITECH, PCI, and NAID amongst others. In the coming years,

Make an Enquiry @

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9899

Asia Pacific and the Middle East will also make sizeable contributions to the growth if ITAD market due to emerging economies and budding SMEs. Advancing technologies and changing specifications of IT equipment in countries such as China, India, and Australia are likely to have a positive impact on the overall market.

Some of the key players operating in the global ITAD market are TBS Industries, Arrow Electronics, Inc., Sims Recycling Ltd., Dataserv Group, Iron Mountain Incorporated, Apto Solutions, Inc., CloudBlue Technologies, Inc., ITRenew Inc., TES-AMM Pte Ltd., Dell, Inc., Hewlett Packard Enterprise Development LP, and LifeSpan International, Inc. Research indicates that strategic partnerships to expand product and services portfolio along with setting up of new facilities are likely to define the vendor landscape in the overall market. Furthermore, growing investments in research and development will also go a long way for companies to achieve their targets.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
http://www.transparencymarketresearch.com

img_Logo-56

Leave a Reply

Your email address will not be published. Required fields are marked *