IT Asset Disposition (ITAD) Market 2023-2027 Along with 5-Year Historic (2017-2021) Industry Size & Comparison of 20 Vendors and 11 Countries
NEW YORK, Nov. 3, 2022 /PRNewswire/ -- The IT Asset Disposition (ITAD) Market share is expected to increase by USD 7.46 billion from 2022 to 2027, with an accelerated CAGR of 6.84% - according to the recent market study by Technavio. This report also offers a 5-year historic (2017-2021) data projection of market size, segment, and region. The Y-O-Y growth rate of the IT Asset Disposition (ITAD) Market is estimated at 7.99% as of 2023. Moreover, the market is fragmented. Our analysts have conducted an internal and external analysis of vendors to help companies understand the wider business environment as well as the strength and weaknesses of key market players. Our report also forecasts the Bargaining Power of Buyers & Suppliers and the Threat of New Entrants & Rivalry ranging between LOW-MODERATE during the forecast period.
Find Analysis of Price Sensitivity, Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria Prepared Exclusively by Technavio Research Analysts
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The IT Asset Disposition (ITAD) Market Report Also Offers Information on the Criticality of Inputs, R&D, Capex, Technology, Labor, and Brand of 20 Vendors Listed Below –
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Chart & Data Table on 5-Year Historic (2017-2021) Market Size, Comparison, and Y-O-Y Growth of IT Asset Disposition (ITAD) Market Segment
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Growing need for regulatory compliance with regard to data security standards is Notably Driving the IT Asset Disposition (ITAD) Market Growth
Regulations governing data privacy have altered how businesses, organizations, and governments can get rid of old technology. Companies must reassess their processes for the end-of-life management of their IT equipment in order to comply with certain regulatory standards and laws, such as the National Institute for Standards and Technology and the Health Insurance Portability and Accountability Act (HIPAA). Additionally, businesses everywhere need to have procedures in place to guarantee that personally identifiable information is always protected. As a result, the focus market is anticipated to develop over the projected period due to the growing demand for IT organizations to comply with laws.
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Chart & Data Table on Historic Market Size (2017-2021), Comparison and Y-O-Y Growth of 11 Countries of IT Asset Disposition (ITAD) Industry
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Industry Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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