Latest News- IT Asset Disposition (ITAD) Market: Computers is expected to lead the Type segment during 2025-2029

The IT Asset Disposition (ITAD) Market is being driven by Growing implementation of regulatory compliances regarding data security

The IT Asset Disposition (ITAD) Market is expected to grow at a CAGR of 11.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 16511.4 million. In the dynamic IT Asset Disposition (ITAD) market, vendors are implementing strategic initiatives to expand their global reach and gain a competitive edge. Notable examples include Dell Technologies' 2023 partnership with Ericsson to develop Cloud RAN solutions, which combines Ericsson's Cloud RAN software and Dell's infrastructure to enhance telecom network transformation and enable operators to adopt cloud-native programmable networks. In January 2024, Apto Solutions announced a partnership with Blancco Technology Plc to bolster their data sanitization processes. This collaboration focuses on delivering advanced data erasure solutions to customers, ensuring compliance and security during ITAD. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Computers
  • Mobile devices
  • Others
• Industry Application
  • Large organizations
  • Small organizations
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing implementation of regulatory compliances regarding data security
• Growing adoption of cloud computing and BYOD trend
• Growing demand for IoT devices

However, the market also witnesses some limitations, which are as follows:

• Low awareness of ITAD
• Lack of budget for ITAD
• Data security threats in transit

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Market Scope in IT Asset Disposition (ITAD) Market Research Report

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Research Analysis Overview

The IT Asset Disposition (ITAD) market encompasses ISO-standardized services for asset recovery, data destruction, and lifecycle management. It prioritizes the protection of Personally Identifiable Information (PII) during cloud-based computing transitions. Data security and environmental protection are key concerns, with solutions for cloud migration, data centers, and ERI. Old assets are repurposed or traded-in, aligning with ITAD sustainability trends and the evolution of energy-efficient technologies. IT lifecycle solutions ensure secure data wiping and consolidation, while eco-friendly IT disposal is a priority for vendors like ERI. The selection of ITAD vendors is crucial for navigating the consolidation of technologies in the IT industry.

Market Research Overview

The IT Asset Disposition (ITAD) market is a segment of the larger global IT services industry, encompassing organizations that specialize in IT consulting and system integration, application services, electronic data processing, business process outsourcing, infrastructure services, and Internet services. Specifically, ITAD companies offer asset recovery, data destruction, and lifecycle management services to help businesses optimize their IT infrastructure. With the increasing importance of Personally Identifiable Information (PII) protection and the shift to cloud-based computing, data security is a significant driver for ITAD market growth. Government investments in IT infrastructure, particularly in sectors lacking in-house IT expertise, further fuel market expansion. Technavio projects that the global IT consulting and other services market, which includes ITAD, will experience robust growth due to these factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/