The IT asset disposition (ITAD) market is segmented by type (computers, mobile devices, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The increasing number of strategic partnerships and acquisitions are the major IT asset disposition (ITAD) market trend which will positively influence the market value.
The IT asset disposition (ITAD) market share will value over USD 7.46 billion by 2027
It is estimated to expand at a CAGR of 6.84% from 2022 to 2027
The IT asset disposition (ITAD) market size will witness a YOY growth rate of 7.99% in 2023
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Vendors in the market are adopting strategies such as mergers and acquisitions, partnerships, and collaborations to expand their global presence and gain a competitive advantage. Partners to acquire RSA, which provides integrated risk management, threat detection, and response. Thus, the increase in the number of strategic partnerships will drive the global IT asset disposition (ITAD) market vendors during the forecast period.
Data privacy regulations have changed the way that companies, organizations, and governments can dispose of their unwanted equipment. Many companies do not have the strong market position that is required to address the implementation of these regulations. Therefore, the growing need for IT companies to comply with regulations is expected to drive the growth of the market in focus during the forecast period.
Some of the major IT asset disposition (ITAD) market vendors are:
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The low awareness of ITAD are the major hindrance for market players
The IT asset disposition (ITAD) market structure is fragmented in nature.
33% of IT asset disposition (ITAD) market growth will develop from North America.
The market growth by the computers will be significant during 2023-2027.