ITAD BECOMES INTEGRAL TO CUSTOMERS WITH REGULATORY COMPULSIONS

The 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 this market. This is especially pressurizing small and medium business in both developing and developed countries to adopted ITAD services and manage their waste in an effective manner.

The media and entertainment segment will be the biggest end user of the ITAD products and services in the foreseeable future. This end-user segment will expand at a CAGR of 8.9% during the forecast period. An unprecedented growth in the demand for high-definition visual content has become the driving force behind the growing usage of ITAD in the media and entertainment industry. The maximum number of assets utilizing the customized disposal services were computers and laptops. As of 2015, this asset segment held about 30% share in the overall market.

By |2018-10-24T12:08:07-04:00March 23rd, 2017|