NEW YORK, Feb. 9, 2022, According to the latest market forecast report on IT asset disposition (ITAD) market from Technavio, the market is expected to decelerate at a CAGR of 7.90%. This market will experience a growth potential of USD 7.45 billion from 2021 to 2026.
Top 3 IT Asset Disposition (ITAD) Market Players
3 Step IT Group Oy – The company offers IT asset disposition service with these benefits such as security, reduced costs, and increased satisfaction.
Apto Solutions Inc. – The company offers IT asset disposition services such as data destruction services, value recovery services, and recycling services.
CompuCom Systems Inc. – The company offers IT asset disposition service with benefits such as remote connectivity and security, high efficiency, and is environmentally friendly.
IT Asset Disposition (ITAD) Market 2022-2026: Drivers
One of the key drivers supporting the IT asset disposition (ITAD) market growth during the forecast period is the growing implementation of regulatory compliances with regard to data security. Companies across the world should have processes in place to ensure the protection of personally identifiable information. The new EU General Data Protection Regulation (GDPR) legislation that was implemented in May 2018 sets guidelines for the collection and processing of personal information from individuals in the European Union. The regulation ensures the integrity and confidentiality of data of organizations as well as individuals. Therefore, the rising need to comply with regulations by companies is expected to drive the growth of the market in focus during the forecast period.
IT asset disposition (ITAD) market is segmented as below:
Type Computers Mobile Devices Others
The computers segment will have significant market share growth during the forecast period. The rising demand for computers and laptops due to the increasing adoption of multifunctional devices and the growing trend of BYOD are expected to drive the demand for ITAD services during the forecast period. In addition, rising internet penetration, increasing disposable income of consumers, as well as the availability of low-cost laptops and computers across the world has boosted the demand for laptops and computers.
Geography North America Europe APAC South America MEA
North America is expected to account for 34% of the market’s growth during the forecast period. The US is the key country for the IT asset disposition (ITAD) market in North America. However, market growth in this region will be slower than the growth of the market in other regions. The adoption of new technologies will drive the IT asset disposition (ITAD) market growth in North America during the forecast period.
About Us
