Global ITAD Market
ITAD market report gives comprehensive outlook on ITAD across the globe with special emphasis on key region ns such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ 1,662.3 Mn) on the basis of asset type, service, industry vertical and region. This report studies ITAD market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the assets management market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional investment hot-spots) and market unmet needs (product opportunities). Key stakeholders of this industry market report include suppliers, manufacturers, and marketers, policy makers engaged in assets disposition services.
The global ITAD market estimated to be expand at significant 7.7% CAGR over 2020-2026 due to technological advancement in IT sector and digital markets. Improving adoption of electronic devices such as computer/laptops, office equipment, and handheld devices are some of the factors responsible for the growth of the market. But, increasing hacking & cybercrime activity and lack of awareness & service cost may hamper the growth of themarket during forecast period.
Increasing Demand of ITAD in Various Industries
Increase in demand of ITAD in number of industries such as aerospace & defense, energy and power, BFSI, telecom & it, media & entertainment, automotive, and others. Increasing expansion of IT related industries such as Google, Facebook, Microsoft and others and new start-ups also based on IT sectors like Uber, Amazons, Redbus, etc., so the demand of electronic devices also increasing in the every industries.
North America Accounts for Larger Market Revenue Share
Geographically, global ITAD market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has estimated to dominate in the revenue share due to technological advancement is more in the industries in USA and Canada. Major key player of ITAD is present in United States such as Hewlett Packard Enterprise, IBM, Dell Inc., Sims Lifecycle Services, Inc. and others.
Key player’s profiles in the global ITAD market include:
- Hewlett Packard Enterprise
- Dell Inc.
- Sims Lifecycle Services, Inc.
- DXC Technology
- Iron Mountain Incorporated
- Apto Solutions Inc.
- ITRenew Inc.
- TES (Singapore) Pte Ltd.
- LifeSpan International Inc.
- Arrow Electronics
On September 19, 2020, DXC Technology announced the opening of a new global Digital Transformation Centre to develop high-impact digital solutions in across Australia and New Zealand from South Australia.
On April 24, 2019, HPE announced that circular economy helps IT build toward sustainability. It involves developing IT consumption processes that reflect on corporate responsibility and enable a more sustainable business environment.
Key Findings of the Report:
- Global ITAD market expanding at significant CAGR over 2020 to 2026 owing to launch of newer products into market.
- Based on asset type, service, industry vertical and region segment accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global ITAD market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
By Asset Type
- Storage Devices
- Data Destruction
- Reverse Logistics
- Remarketing & Value Recovery
- Logistics Management
By Industry Vertical
- Aerospace & Defense
- Energy &Power
- Telecom & IT
- Media & Entertainment
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA