Research and Markets reports the ITAD market will exceed $20 billion within the next six years. The market is anticipated to reach $20.09 billion by 2022, if this prediction is correct, the market will grow at a CAGR of 9.8 percent.
The firm indicates mobile device management will be the largest growing ITAD sector during the forecast period. With more enterprises utilizing BYOD policies and using smartphones and tablets as primary computing devices, the need for high-quality mobile device asset management is greater than ever.
Research and Markets also attributes the need for data security and environmentally-conscious e-waste disposal as two growth factors for the ITAD market. As enterprises recognize the need for high-quality mobile and IT asset management, ITAD vendors worldwide can expect a growth in business in the years to come.