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The report Published by Market Research Corridor on Global IT Asset Disposition Market provides highlighting new business opportunities and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments and focuses on Markets capacities and on the changing structure of the IT Asset Disposition.
The IT asset disposition market has been witnessing significant growth over the years, mainly due to the high adoption of IT asset disposition services in variindustries to ensure proper disposal of assets. The evolution in technologies such as cloud computing, big data analytics, Inteof Things (IoT), and the changing IT landscape have contributed to the increase in e-waste. Thus, IT asset disposition is being adopted by many companies to minimize environmental impact and risk of data loss, by following regulatory standards and environmental policies.
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Valuable Market Analytical Insights Included in the Report: Size Capacity, Generation, Investment Trends, Regulations and Top Key Company Profiles Revenue growth of the IT Asset Disposition Market over the assessment period. Rival Information about Future Scenarios and Main Business Opportunity Analysis. Recent collaborations, mergers, acquisitions, and partnerships. Value chain analysis of prominent players in the IT Asset Disposition Market. Regulatory framework across different regions impacting this Market trajectory. Recent technological advances and innovations influencing the IT Asset Disposition Market.
Global IT Asset Disposition market players are defending and expanding their respective market share with a foon mergers and acquisitions, joint ventures, and strategic partnerships. Some of the key players profiled in the study are
Hewlett Packard Enterprise (HPE) (US) Dell Technologies (US) IBM (US) Sims Limited (US) Iron Mountain (US) CompuCom(US) 3stepIT (Finland) TES (Singapore) Apto Solutions (US) LifeSpan International (US)
The IT Asset Disposition Market Research Report offers a thorough analysis that includes the current situation and potential future growth. This report offers an in-depth look at several key research industry statistics as well as a trend for the future, which aids different sectors in identifying goods and boosting profitability and revenue growth.
The IT Asset Disposition (ITAD) market has a number of segments. Segment overview is done based on:
De-Manufacturing and Recycling Remarketing and Value Recovery Data Destruction/Data Sanitation Logistics Management and Reverse Logistics Other Services (On-site Audit solutions and Clients' Online Portals)
By Asset type:
Computers/Laptops Servers Mobile Devices Storage Devices Peripherals
By Organization size:
Small and Medium-sized Enterprises Large Enterprises
Banking, Financial Services and Insurance (BFSI) IT and Tel Education Healthcare Aerospace and Defense Public Sector and Government Ofiices Manufacturing Media and Entertainment Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation)
This report also splits the Market by region:
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Advances as well as technological innovations are set to optimize the market in the future. Government policies that comply with market dynamics are developing and consolidating to provide better supply chain management and competitiveness globally. In November 2020, Sims Lifecycle Services partnered with the Dutch Data Center Association to become a high-quality provider of data center services. This partnership strengthened the economic growth and presence of the data center sector within the European region. In October 2020, Sims Lifecycle Services worked with local schools and educational institutions in Poland to provide used IT equipment. During these unprecedented times, many schools have adopted distance learning programs that require all students to learn using a computer or laptop, disrupting the availability of computing devices. Device, a trademark of Sims Lifecycle Services in Poland, is helping to bridge the gap by providing students with an alternative source of IT equipment.
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The scope of the report is to provide a 360-degree view of the Market by assessing the entire value chain and analyzing the key IT Asset Disposition Market trends from 2023 to 2031 underlying in specific geographies. Qualitative and quantitative aspects are interlinked to provide rationales on Market numbers, CAGR, and forecasts.
Key highlights of the IT Asset Disposition Market report:
Regional demand estimation and forecast Before commodity price fluctuations Technology update analysis Raw material procurement strategy Competition analysis Product portfolio matrix Supplier Management Cost-benefit analysis Supply chain optimization analysis Patent analysis Market research and development analysis Mergers and acquisitions
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Many market players do not have the strong market position required to address the implementation of these regulations. Also, lack of a well-organized and secure plan for disposing of old IT equipment can create variissues, such as identity theft and fraud; therefore, a variety of federal and state environmental and privacy regulations govern the proper disposition of computers and electronics, and failure to do so can result in audits and significant fines or penalties. Customers are also now realizing the gravity of the threat of improper e-waste disposition to environmental safety.
Surging adoption of new technologies and BYOD trend
The umbrella-term“Bring Your Own Device (BYOD)” also refers to several other initiatives, such as Bring Your Own Technology (BYOT), Bring Your Own Phone (BYOP), and Bring Your Own PC (BYOPC). These initiatives have emerged to empower employees and align them with the concept of“IT consumerization”. Increasing inclination toward development of energy-efficient products Inclination towards the programs such as Energy Star, provides information on energy consumption of products and equipment using different standardized methods will help consumers and organizations to save energy cost and electricity, as well as allied reductions of greenhouse gas emissions.
For instance, In June 2020, according to the UN's Global E-waste Monitor 2020, Asia generates the greatest volume of e-waste, i.e., around 24.9 MT, followed by Americas (13.1 Mt), Europe (12 Mt), Africa (2.9 Mt), and Oceania (0.7 Mt). Additionally, in March 2019, according to the UN Environment Programme (UNEP), electronic waste, or e-waste, creates about 50 Mn MT of hazardwaste each year, thereby increasing demand for IT asset disposition.
What's covered in the report?
Overview of the IT Asset Disposition Market. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) Market size data for the IT Asset Disposition Market, based on segement. IT Asset Disposition Market trends. IT Asset Disposition Market drivers. Analysis of major company profiles.
To assess the viability of the business, understand the demand for the IT Asset Disposition Market. Identify the established and emerging Markets where IT Asset Disposition products are used. Determine the best location for the product and develop a product Market strategy based on the position in the value chain. Identify the areas of weakness and fill them. Create strategies for each of the categories based on the economic and industrial conditions. Describe the competitive posture by contrasting the goods with the major Market players.
Market Research Corridor is a global market research and management consulting firm serving businesses, non-profits, universities and government agencies. Our goal is to work with organizations to achieve continustrategic improvement and achieve growth goals. Our industry research reports are designed to provide quantifiable information combined with key industry insights. We aim to provide our clients with the data they need to ensure sustainable organizational development.
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