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(Wireless-NewsWire.Com, September 28, 2018 ) According to Verified Market Intelligence, the global IT Asset Disposition (ITAD) Market was valued at USD 12.11 Billion in 2017 and is projected to reach USD 25.42 Billion by 2025, growing at a CAGR of 9.7% from 2018 to 2025.
IT Asset Disposition comprises of various systematic programs that help in managing the old IT assets. These programs help in protecting and controlling data and assets of the companies along with meeting the requirements of risk management. IT Asset Disposition consists of different processes that are used for recycling and reusing of old electronics devices in the safe and environmentally friendly way. Moreover, it also helps in protecting the information and brand of the company. The increased adoption rate of IT asset disposition (ITAD) by different companies in order to reduce the risk of data loss has contributed to the growth of IT asset disposition market
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Increasing need of information and data security for old assets, a rise in the adoption rate of new and innovative technologies and strict regulatory changes directed by the government have been driving the global IT asset disposition (ITAD) market. On the other hand, lack of awareness and the high cost of services might hinder the overall growth of the market at a global level.
The “Global IT Asset Disposition (ITAD) Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BS Industries, Arrow Electronics, Inc., Sims Recycling Ltd., Dataserv Group, Iron Mountain Incorporated, Apto Solutions, Inc., CloudBlue Technologies, Inc., ITRenew Inc., TES-AMM Pte Ltd., Dell, Inc., Hewlett Packard Enterprise Development LP, and LifeSpan International, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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