The market’s growth is driven by various factors, including strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, and need to maximize asset value recovery. The growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage is also driving the demand for IT asset disposition. However, lack of awareness and high service costs are the major factors that hinder market growth.
Key industry players include IBM Corporation, Dell Inc., Arrow Electronics, Inc., Apto Solutions, Inc., Cloudblue Technologies, Inc., Lifespan International, Inc., Iron Mountain Recycling LLC, SIMS Recycling, Asset Management Ireland Ltd., and HP Ltd.
The report segments the global IT asset disposition market on the basis of type, industry verticals, organizational size, and geography. Based on type, the market is classified into storage, servers, mobile devices, network equipment, network and input/output devices, and others. Industry verticals are classified into healthcare, IT & telecom, public sector, aerospace & defense, media and entertainment, education, and banking, financial services, and insurance (BFSI). Organizational size is sub-segmented into small and medium enterprises and large enterprises. Geographic breakdown and deep analysis of each of the aforementioned segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
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