Increased usage of electronic devices such as laptops, tablets and smartphones, and also the increase in small and medium businesses, are the major factors driving the growth of the IT Asset Disposition (ITAD) market. However, the lack of awareness of the benefits of ITAD is the biggest restraining factor that is hindering the growth of this market.<\/p>\n\n\n\n
The\nglobal ITAD market size is anticipated to be worth around R330-billion by 2026,\naccording to Acumen Research. <\/p>\n\n\n\n
Verified\nMarket Research anticipates even bigger growth, it projects that this market\nwill more than double from 2017 (R175-billion) to 2025 (R368-billion).<\/p>\n\n\n\n
Xperien\nCEO Wale Arewa says the IT industry has shown rapid advancement with the\nintroduction of various technologies such as cloud computing, Internet of\nThings (IoT), cognitive computing and Big Data analytics.<\/p>\n\n\n\n
\u201cAlthough\nthis is helping to expand businesses globally, the growing number of ICT\ndevices combined with the declining lifecycle of IT products, is expected to\ngenerate the need for businesses to dispose of the electronic waste securely,\u201d\nhe said.<\/p>\n\n\n\n
According\nto The International Telecommunication Union (ITU), e-waste generation is\nexpected to rise to 52.2 metric tons in 2021. In order to dispose of this waste\nin a responsible manner and also to minimise its side effects, companies are\nnow recycling, recovering and safely disposing their electronic waste.<\/p>\n\n\n\n
The rise\nin consumer awareness and the massive increase in cloud migration as the\nreasons for this enormous growth. The growing trend of data migration to the\ncloud is the main reason for the replacement of older IT infrastructure. This\nis expected to drive the IT asset disposition market significantly.<\/p>\n\n\n\n
Data\nbreaches could result in huge losses if companies don\u2019t protect their data.\nWhen disposing of any IT asset, then it is necessary for the company to guarantee\nthat the data stored on the asset is destroyed according to industry standards\nand government regulations.<\/p>\n\n\n\n
Governments\nhave also introduced legislations to ensure the harmless disposal of IT assets.\nThese regulations have forced companies to rather approach ITAD vendors such as\nXperien in order to dispose of their IT assets as per the industry standards.\nThis has helped drive the demand for the global IT asset disposition market.<\/p>\n\n\n\n
The\nconstant introduction of new innovative IT products is indicative of the\nindustry\u2019s evolving landscape. More importantly, the increasing usage of new\nelectronic devices with a decreasing lifecycle is driving the need for ITAD\nservices worldwide.<\/p>\n\n\n\n
Arewa\nsays companies like Xperien offer various solutions to combat this global\nproblem. <\/p>\n\n\n\n
\u201cMoving\naway from the traditional linear economy, it now supports a more circular\neconomy by keeping precious resources in use for as long as possible instead of\ndisposing of them at an early stage,\u201d he said.<\/p>\n\n\n\n
With\nvarious lease options available today, the new trend is to move away from\nowning products, businesses can now keep up with latest technologies without\ntying up working capital.<\/p>\n\n\n\n
\u201cXperien\nenables companies to lease high specification, refurbished laptops and PCs at a\nlow cost,\u201d added Arewa.<\/p>\n\n\n\n
\u201cSecure\ndata destruction is done at the end of each lease to eliminate any concern of\ndisposing of company data.\u201d<\/p>\n\n\n\n
It also\nprocures used computer equipment, tests it thoroughly and refurbishes it. This\nequipment is then leased to businesses looking for a low-cost option and one\nthat enhances their environmental credentials.<\/p>\n\n\n\n
\u201cThis\ncertified refurbished equipment is not only given a second life, but at the end\nof each lease period clients are given the option to purchase the equipment at\na reduced rate to further extend the lifecycle,\u201d said Arewa. <\/p>\n\n\n\n
\u201cProducts\nthat cannot be reused will have functional parts harvested and the waste will\nbe responsibly recycled.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Increased usage of electronic devices such as laptops, tablets and smartphones, and also the increase in small and medium businesses, are the major factors driving the growth of the IT Asset Disposition (ITAD) market. However, the lack of awareness of the benefits of ITAD is the biggest restraining factor that is hindering the growth of […]<\/p>\n","protected":false},"author":25,"featured_media":29327,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4950,399,10675],"tags":[11297,116,294,7507,155,390,2024,7045,3535,11298,6150,1968],"class_list":["post-29326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-more-news","category-thought-leadership","tag-acumen-research","tag-big-data","tag-cloud-computing","tag-international-telecommunication-union","tag-internet-of-things","tag-iot","tag-it-asset-disposition","tag-itad","tag-itu","tag-verified-market-research","tag-wale-arewa","tag-xperien"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/29326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=29326"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/29326\/revisions"}],"predecessor-version":[{"id":29328,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/29326\/revisions\/29328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/29327"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=29326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=29326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=29326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}