The hardware expansion across businesses result in increased demand for IT asset disposition.
SEATTLE (Scrap Monster): The global IT Asset Disposition (ITAD) market is expected to grow at a CAGR of 8.5% during the period from 2022 to 2028 and touch $23.8 billion by the end of the forecast period, said the latest market research report published by ReportLinker.com.
The hardware expansion across businesses result in increased demand for IT asset disposition. The market for data center ITAD services continues to develop rapidly. The remote working-related IT asset purchases have witnessed huge expansion, as a result of Covid-19 pandemic.
The remote work culture has prompted many companies to dispose of office IT equipment, which obviously has boosted the demand for ITAD solutions across the globe, said the report. It must be noted that these devices often have in them very sensitive data including usernames, passwords and even credit card details, which needs to be wiped out before destruction.
The lack of comprehensiveness of policies for disposing of IT assets tend to restrain market growth.
The report predicts that the Asia Pacific region will continue to hold major revenue share in the ITAD market, as it did during the previous year.
Image and article originally from www.scrapmonster.com. Read the original article here.