The Europe IT Asset Disposition Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).
Several factors, from environmental protection to data security, can make the correct disposal of IT assets considerably more difficult. Providers of ITAD services step in to help with it. Information technology asset disposition, or ITAD, is a self-contained industry that assists businesses in safely getting rid of their old equipment while maintaining cost-effectiveness and data security.
Another factor contributing to ITAD's rise to prominence among enterprises is the expansion of the IT and data security sectors in tandem with the shift toward a more technologically dependent society. Nearly all categories of IT sales have increased, and this trend is only anticipated to persist in the future. Overall, this means that companies cannot afford to be caught without the need for a strategy for managing hardware assets and disposing of IT assets.
It has never been more crucial to plan for the whole life cycle of the company's technical assets. A whole industry has developed around it to meet the needs of these various organizations as the demand for reliable IT asset disposition has increased among enterprises throughout the globe. Depending on the caliber of their offerings and their prowess in navigating the several facets of ITAD that matter most, businesses from all over the world have entered the ITAD market with varying degrees of success.
The largest economy in the European Union is Germany (EU). Germans are educated, and having lived abroad is regarded as advantageous for both the work market and pursuing higher education. According to the Open Doors 2021 report, COVID-19 had a generally unfavorable impact on foreign enrollment in the United States, with a 15% decrease in higher education compared to 2019/2020. The proportion of German students enrolled in higher education has drastically fallen when compared to the previous academic year.
The Germany market dominated the Europe IT Asset Disposition Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,552.7 million by 2028. The UK market is anticipated to grow a CAGR of 7.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.9% during (2022 - 2028).
Based on Asset Type, the market is segmented into Computers/Laptops, Mobile Devices, Storage Devices, Servers, and Peripherals. Based on Service, the market is segmented into Data Destruction/Data Sanitation, De-Manufacturing & Recycling, Remarketing & Value Recovery, Logistics Management & Reverse Logistics, and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on End User, the market is segmented into BFSI, IT & Telecom, Healthcare, Education, Public Sector & Government Offices, Manufacturing, Aerospace & Defense, Media & Entertainment, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global IT Asset Disposition Market will Hit $23.8 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sims Limited, Iron Mountain Incorporated, 3Step IT Group Oy, Dell Technologies, Inc., Hewlett-Packard enterprise Company, IBM Corporation, TES – Sustainable Technology Lifecycle Solutions, Apto Solutions, Inc., LifeSpan International, Inc. (Bluum Technology), and CompuCom Systems, Inc. (Variant Equity Advisors).
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