Published By : 20 Jun 2016 | Published By : QYRESEARCH
IT asset disposition (ITAD) is a business built around disposing of obsolete or unwanted equipment in an ecologically safe manner. IT asset disposition vendors specialize in the process of streamlining the disposition of IT assets, by minimizing the cost. From time to time, businesses need a heavy replacement of old equipment. Businesses are then faced with critical decisions such as to recycle or dispose, refurbish or resell. This is where ITAD comes in. ITAD can take care of data security and wiping the storage securely before disposal. They enable the appropriate disposal of ecologically sensitive materials so as to prevent businesses or organizations from facing the consequences.
According to a new market report published by Transparency Market Research (TMR), the global cloud computing data center ITAD market is expected to reach US$ 4.56 Bn by 2020, rising from US$ 3.47 Bn in 2015. The market is anticipated to expand at a CAGR of 5.7% between the period 2016 and 2020.
North America Leads the Cloud Computing Data Center IT Asset Disposition Market
Due to the large size of the IT industry and a large number of cloud data centers, the cloud computing data center ITAD market is leading in North America. North America is in fact expected to continue to be in a leading position even in the coming years. The rapid change in IT assets, due to change in technology is expected to boost the demand for cloud computing data center ITAD market. The high penetration of the internet and social media is also aiding the growth of the cloud computing data center ITAD market in North America.
Europe was the second largest regional market in 2015 due to the rise in the adoption of cloud computing solutions in the region. Moreover, the cloud computing data center ITAD market receives ample support from the government so as to reduce the impact of IT waste on the environment.