IT Asset Disposition Market : Analysis and Forecast upto 2024
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. 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. 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. Obtain Report Details @ http://www.transparencymarketresearch.com/it-asset-disposition-market.html The report asserts that North America was one of the leading geographical segments due to a high adoption rate of cloud services. As cloud computing continues to be an integral part of the North America IT ecosystem, it will shorten the lifespan of IT assets thereby triggering a considerable demand for ITAD services. Furthermore, customers are preferring ITAD services in North America as vendors are seeking quality standards such as HIPPA/HITECH, PCI, and NAID amongst others. In the coming years, Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9899 Asia Pacific and the Middle East will also make sizeable contributions to the growth if ITAD market due to emerging economies and budding SMEs. Advancing technologies and changing specifications of IT equipment in countries such as China, India, and Australia are likely to have a positive impact on the overall market.