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IT Asset Disposition (ITAD) Market Worth 20.09 Billion USD by 2022


News provided by

MarketsandMarkets

16 Nov, 2016, 11:30 GMT

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PUNE, India, November 16, 2016 /PRNewswire/ --

The report "IT Asset Disposition (ITAD) Market by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics), Asset Type, Organization Size, End-User, & Geography - Global Forecast to 2022", published by MarketsandMarkets, was valued at USD 10.12 Billion in 2015 and is expected to reach USD 20.09 Billion by 2022, at a CAGR of 9.83% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 78 market data Tables and 57 Figures spread through 157 Pages and in-depth TOC on "IT Asset Disposition (ITAD) Market"

http://www.marketsandmarkets.com/Market-Reports/it-asset-disposition-market-28474391.html

Early buyers will receive 10% customization on this report.

The evolution of technologies such as cloud computing, Big Data analytics, Internet of Things (IoT), and the changing IT landscape have contributed to the increase in e-waste generation. Thus, IT asset disposition is being adopted by many companies to minimize the environmental impact as well as risk of data loss by following regulatory standards and environmental policies.

"Remarketing and value recovery service expected to hold the largest market size during the forecast period" 

IT asset remarketing service is a revenue-sharing program that is designed to obtain maximum returns. The services help the service providers to determine the asset recovery strategy that is most closely aligned to the clients' business objectives. The industry is now realizing the risks associated with improper IT asset disposal, which is leading to the growing trend of the sale of old equipment on auction websites or to employees.

"Small office/home office (SOHO) and medium enterprises industry is expected to grow at a high rate" 

Small-scale industries often do not use authorized IT asset disposition processes due to budget constraints, lack of awareness or technical expertise, or lack of stringent regulations. This results in the disposal of assets into landfills in an improper way, which can severely impact the environment. This trend is expected to change in the near future as ITAD starts developing and marketing its services to the small business sector and the industry also comes to better realize the risks.

"The market in APAC is expected to grow at the highest rate during the forecast period" 

Several initiatives such as investments for expansions and various other developments in the APAC region are providing several growth opportunities for ITAD market players operating in the region. For instance, in April, 2015 Arrow electronics Inc. (U.S.) opened its first facility in Singapore to provide services for IT asset disposition and reverse logistics in Asia-Pacific. The facility has been designed to comply with the stringent standards of the Arrow Global Compliance Program as well as the local, national, and international standards for data security and environmental regulations, including the Responsible Recycling Practices (R2), OHSAS 18001, and International Standards Organization 9001 and 14001.

 Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=28474391

Major players operating in the IT asset Disposition Market include Arrow Electronics, Inc. (U.S.), Sims Recycling Solutions (Australia), TBS Industries (U.S.), CloudBlue Technology, Inc. (U.S.), TES-AMM (Singapore) Pte Ltd, (Singapore), Dell (U.S.), LifeSpan International, Inc. (U.S.), Apto Solutions, Inc. (U.S.), Iron Mountain Incorporated (U.S.), Hewlett Packard Enterprise Company (U.S.), ITRenew, Inc. (U.S.), and IBM (U.S.), among others.

Browse Related Reports 

E-Waste Management Market by Material Recovery (Metals, Plastic, & Glass), Source type (Household Appliances, Entertainment & Consumer Electronics, & IT & Telecommunication), and by Geography - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/electronic-waste-management-market-373.html

Asset Management System Market by Asset Type, Function, Technology (RFID,RTLS, GPS & Barcode), Industry (Healthcare, IT Services, Government, Retail & Hospitality, Manufacturing, & Transport & Logistics), & Geography - Analysis & Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/asset-management-system-market-255619316.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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