The IT Asset Disposition Global Market Report 2023 by The Business Research Company, provides it asset disposition market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s IT Asset Disposition Global Market Report 2023, the market size is expected to grow from$16.57 billion in 2022 to $18.57 billion in 2023 at a compound annual growth rate (CAGR) of 12.12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IT asset disposition market is expected to grow to $25.34 billion in 2027 at a CAGR of 8.08%.
The growing usage of electronic devices is expected to propel the IT asset disposition market going forward. The COVID-19 pandemic and subsequent lockdowns have significantly impacted modern living. The increased usage of telecommuting for business, education, and recreation has increased the demand for electronic equipment. Electronic devices refer to the devices used to regulate the movement of electrical currents for the purpose of processing information and system control. IT asset disposition assists electronic devices in safeguarding business data and properly decommissioning and disposing of various electronic devices.
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The it asset disposition market is segmented:
1) By Service: De-Manufacturing And Recycling, Remarketing And Value Recovery, Data Destruction Or Data Sanitation, Logistics Management And Reverse Logistics, Other Services
2) By Asset Type: Computers Or Laptops, Servers, Mobile Devices, Storage Devices, Peripherals
3) By Organisation Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services And Insurance (BFSI), IT And Telecom, Education, Healthcare, Aerospace And Defense, Public Sector And Government Offices, Manufacturing, Media And Entertainment, Other End Users
The growing usage of electronic devices is expected to propel the IT asset disposition market going forward. The COVID-19 pandemic and subsequent lockdowns have significantly impacted modern living. The increased usage of telecommuting for business, education, and recreation has increased the demand for electronic equipment. Electronic devices refer to the devices used to regulate the movement of electrical currents for the purpose of processing information and system control. IT asset disposition assists electronic devices in safeguarding business data and properly decommissioning and disposing of various electronic devices. For instance, In October 2020, according to a report published by Canalys, a Singapore-based IT services and IT consulting firm, In the third quarter of 2020, the global PC market expanded by over 13%. The Q3 unit shipment in 2019 was valued at 70280, which was increased to 79207 in Q3 unit shipment in 2020. Furthermore, according to preliminary Gartner, Inc., worldwide PC shipments reached 79.4 million units in the fourth quarter of 2020, representing a 10.7% increase over the fourth quarter of 2019. Therefore, an increase in the growing usage of electronic device will drive the IT asset disposition market.
The it asset disposition market report table of contents includes:
1. Executive Summary
2. IT Asset Disposition Market Characteristics
3. IT Asset Disposition Market Trends And Strategies
4. IT Asset Disposition Market – Macro Economic Scenario
5. IT Asset Disposition Market Size And Growth
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26. Africa IT Asset Disposition Market
27. IT Asset Disposition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IT Asset Disposition Market
29. IT Asset Disposition Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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