e-Waste and Information Technology Asset Disposition (ITAD) Market Overview, Merger and Acquisitions , Drivers, Restrai

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E-waste and Information Technology Asset Disposition (ITAD)Market Size – USD 59.23 Billion in 2020, Market Growth – at a CAGR of 8.6%, Market Trends – Implementation of stringent regulations

The global E-waste and Information Technology Asset Disposition (ITAD) market size is expected to reach USD 115.06 Billion at a steady revenue CAGR of 8.6% in 2028, according to latest analysis by Emergen Research. E-waste and ITAD market revenue growth is driven by deployment of regulatory compliance and increased awareness regarding the adverse impact of E-waste on health and on the environment. Despite various regulations, E-waste is exported to developing countries, such as Nigeria and Tanzania, illegally. In regions with fewer or less stringent regulations, processing of E-waste is extremely harmful to human health owing to harmful content and toxic substances. Release of Volatile Organic Chemicals (VOCs) are also harmful to environment. This has created urgent need for proper IT asset disposition program in enterprises. Demand for ITAD is growing steadily as it ensures disposition of old IT devices without compromising any existing data and help tackle E-waste challenges.

 

In 2019, approximately 54 million metric tons of electronic waste was generated worldwide. E-waste contains 75% of environmentally hazardous waste found in landfills and less than 20% is recycled each year. Rising focus on more efficient management of E-waste and information technology asset disposition is expected to support market growth going ahead. China was the leading country based on E-waste generation in 2019. However, per capita generation of E-waste is substantially high in developed countries in the West as well.

Rising concerns regarding harmful effects of E-waste on human health and the environment  and implementation of regulations are factors driving market revenue growth

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E-waste and Information Technology Asset Disposition (ITAD)Market Size – USD 59.23 Billion in 2020, Market Growth – at a CAGR of 8.6%, Market Trends – Implementation of stringent regulations   

Key players in the market include Dell Technologies, Electronic Recyclers International, Inc., Hewlett Packard Enterprise, LifeSpan International, Umicore S.A., Aurubis AG, Tetronics (International) Ltd., IBM Corporation, Boliden AB, and Iron Mountain.

BFSI segment accounted for a significantly large revenue share in 2020 as the industry has highly confidential and secure data such as personal information and account details of customers and corporates. Any data breach could compromise crucial information and affect a company’s reputation and hamper credibility. Thus, these sectors are adopting reliable and efficient ITAD programs, not only to dispose old devices, but to also properly manage E-waste.

Segmental Analysis

The global e-Waste and Information Technology Asset Disposition (ITAD)  market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the e-Waste and Information Technology Asset Disposition (ITAD)  sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.

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Source Outlook (Revenue, USD Billion; 2018–2028)

Household

Consumer

Industrial

Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

IT and Telecom

Banking, Financial Services, and Insurance (BFSI)

Healthcare Industry

Media and Entertainment

Regional Overview:

The global e-Waste and Information Technology Asset Disposition (ITAD) market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global e-Waste and Information Technology Asset Disposition (ITAD) market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report.  The coronavirus outbreak has led to drastic changes in the current e-Waste and Information Technology Asset Disposition (ITAD) Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years.

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