Global IT Asset Disposition (ITAD) Market Set to Reach $34 Billion by 2030 with a CAGR of 9.2%: Remarketing and Data Security Drive Growth
DUBLIN, Sept. 29, 2023 /PRNewswire/ -- The "IT Asset Disposition (ITAD) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Remarketing & Value Recovery Leads the Way
Among the segments analyzed in the report, Remarketing & Value Recovery stands out, projected to achieve a significant 9.9% CAGR, reaching a value of US$8.6 billion by the end of the analysis period. Growth in the De-Manufacturing & Recycling segment is also notable, with an estimated 8.2% CAGR over the next eight years.
Global Leaders and Geographic Highlights
The United States IT Asset Disposition (ITAD) market is estimated at a substantial US$6.3 billion in 2022, highlighting strong growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$5.1 billion by 2030, driven by a compelling CAGR of 11.7% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience robust growth at 8% and 9.1%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a steady 9% CAGR.
Key players in the IT Asset Disposition (ITAD) market include:
Optimistic Economic Outlook
The global economic outlook is showing signs of improvement, with growth recovery expected for the upcoming years. The United States has successfully navigated recession threats despite slowing GDP growth. In the Euro area, easing headline inflation is boosting real incomes and driving economic activity. China is poised for substantial GDP growth as the pandemic recedes, and India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.
Despite these positive trends, various challenges persist, including uncertainty around the war in Ukraine, slower-than-expected global headline inflation decline, and ongoing food and fuel inflation in developing countries. High retail inflation is affecting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, which may impact job creation and economic activity. The regulatory environment is also tightening, with growing pressure to integrate climate change into economic decisions.
Investment Opportunities in Emerging Technologies
While corporate investments may face inflation-related concerns and weaker demand, the rise of new technologies presents opportunities. Generative AI, applied AI, machine learning industrialization, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to reshape the global investment landscape. These technologies have the potential todrive significant incremental growth and value to global GDP in the coming years.
In this dynamic environment, businesses and leaders who exhibit resilience and adaptability are well-positioned to seize the opportunities that lie ahead.
Key Topics Covered:
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/mdiymy
Research and Markets
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