Research Blogs

  According to a new market report published by Transparency Market Research the  global IT Asset Disposition (ITAD) market  was valued at US$ 10,741.8 Mn in 2016 and is expected to expand at a CAGR of 7.3% from 2019 to 2027, reaching US$ 23,184.9 Mn by the end of the forecast period. According to the report, the global IT Asset Disposition (ITAD) market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of about 8.7% throughout the forecast period. Significant Growth in IT Industry Driving the Market The frequency of introduction of new products and categorical innovations in the IT industry indicates the industry’s constantly evolving landscape. The IT industry has touched a point where Big Data analytics, cognitive computing, cloud computing, and the fastest-growing Internet of Things (IoT) are changing b...

T he 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. With a range of services such as recycling, recovery, data sanitization or data destruction amongst others, the ITAD market has carved a sizeable niche for itself. 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 t...