Report ID: UCMIG45C2058
Report ID:
UCMIG45C2058 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for IT asset disposition was valued at USD 20,513.0 million in 2022 and is predicted to expand at a CAGR of 13.3% from 2023 to 2030. The growth of the market is primarily driven by the mounting volume of electronic waste worldwide. As per the Global E-waste Monitor Statistics, which is a joint initiative of the United Nations, the International Solid Waste Association, the International Telecommunication Union, and the UN Environment Programme, the world generated 53.6 million metric tons of e-waste in 2019, and this figure is projected to increase to 74 million metric tons by 2030. The surge in e-waste generation has led to the considerable growth of the ITAD industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Data Processing & Outsourced Services by segment aggregation, the contribution of the Data Processing & Outsourced Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45C2058