e-Waste and Information Technology Asset Disposition Market Drivers and Key Players Strategies Analyzed | Dell Technologies, Electronic Recyclers International, Inc., Hewlett Packard Enterprise, Etc
Research Reports
Feb 21, 2022
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. 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.
Consumption of electronic devices continues to increase at a substantially rapid rate and Consumer Technology Association has stated that households in the US have up to 24 electronic products. Steady development and introduction of new and more innovative electronic devices and reducing costs of such devices is resulting rising adoption among consumers. As devices are becoming more advanced, older versions are becoming obsolete. To reduce E-waste, many countries have passed laws banning such waste from going into incinerators and landfills. An estimated 70% of heavy metals in landfills in the US are from electronics, and this trend is expected to continue going forward.
Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.
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The competitive landscape section of the report talks about the recent advancements in the R&D and technologies undertaken by the prominent players, along with their strategic business expansion plans, product launches, and brand promotions. The report pays special attention to the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, agreements, corporate and government deals, and others adopted by the prominent players of the industry to expand their market presence and gain a substantial market position.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry: 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.
The global e-Waste and Information Technology Asset Disposition market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the e-Waste and Information Technology Asset Disposition market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the e-Waste and Information Technology Asset Disposition market.
Emergen Research has segmented the global E-waste and ITAD market on the basis of type, source, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Home appliances
Medical equipment
Laboratory devices
IT devices
Computers/Laptops
Servers
Mobile Devices
Storage Devices
Peripherals
Others
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
Aerospace and Defense
Educational Institutions
Public Sector and Government Offices
Manufacturing
Others
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/e-waste-and-information-technology-asset-disposition-market
Key Highlights From the Report
In July 2021, S2S Group, which is an ITAD company, expanded its operations in London by acquiring assets and customer base of Data Eliminate Ltd. The acquisition will improve S2S Group’s presence in London with immediate effect. The company also invested USD 2.04 million to purchase a secure warehouse and office complex in Rotherham.
IT devices segment accounted for largest revenue share in 2020 as new technologies are being launched every year and GenX and millennials are gadget-obsessed. Most common IT devices found in wastes are LCD desktop monitors, smartphones. and laptops. Consumption of these devices is not reducing and it has been observed that an average cell phone user replaces their phone every 18 months and 1 billion cellphones, and 300 million computers go into production ever year. This is expected to increase further in the coming years.
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.
The research study also offers insights into various regulatory frameworks and evaluates the growth of the industry in each key region of the world. The report also provides an assessment of the micro and macro-economic factors influencing the growth of the market in the mentioned regions. The global e-Waste and Information Technology Asset Disposition market is segmented into the following based on the key regions of the world:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The all-inclusive report on the Global e-Waste and Information Technology Asset Disposition Market added by Emergen Research demonstrates that the global e-Waste and Information Technology Asset Disposition market is presumed to grow at a steady CAGR throughout the forecast timeline. The report analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats, and limitations of the e-Waste and Information Technology Asset Disposition market. The report also offers accurate forecast estimation at a global and regional level to impart a better understanding of the scope of the market.
Summary of the Global e-Waste and Information Technology Asset Disposition Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028.
The report provides valuable insights on key market growth driving trends and monetary competence in the forecast timeline.
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