HOME Top Market Reports IT Asset Disposition (ITAD) Market by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics), Asset Type, Organization Size, End-User, & Geography - Global Forecast to 2022

IT Asset Disposition (ITAD) Market by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics), Asset Type, Organization Size, End-User, & Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: SE 4735

 

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The IT asset disposition market was valued at USD 10.12 Billion in 2015 and is expected to reach USD 20.09 Billion by 2022, at a CAGR of 9.83% during the forecast period. The base year considered for the study is 2015 and the forecast for the market size is provided for the period between 2016 and 2022. The main objectives of this study are as follows:

  • To define, describe, and forecast the IT asset disposition market on the basis of service, asset type, organization size, end user, and geography
  • To forecast the size of market segments, in terms of value, with respect to five major regions: North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East and Africa
  • To provide detailed information regarding the key factors influencing the growth of the IT asset disposition market (drivers, restraints, opportunities, and challenges)
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies along with the detailed competitive landscape of market leaders
  • To provide detailed insights based on the Porter's analysis and value chain analysis of the IT asset disposition market
  • To analyze the competitive developments such as joint ventures, mergers and acquisitions, new product developments, and research and development in the IT asset disposition  market

The research methodology used to estimate and forecast the IT asset disposition market includes the use of extensive primary research and secondary research. The secondary sources referred for this study include directories; databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource; and government sources such as Sustainable Electronics Recycling International (SERI) and National Association for Information Destruction (NAID). The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall market size of the global IT asset disposition market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

IT Asset Disposition (ITAD) Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into the IT asset disposition market such as services offered, asset use, usage by organization size, and end-user segments. The IT asset disposition market comprises ITAD service providers such as Arrow Electronics, Inc. (U.S.), Sims Recycling Solutions (Australia), TBS Industries (U.S.), CloudBlue Technology, Inc. (U.S.), TES-AMM (Singapore) Pte Ltd, (Singapore), Dell (U.S.), LifeSpan International, Inc. (U.S.), Apto Solutions, Inc. (U.S.), Iron Mountain Incorporated (U.S.), Hewlett Packard Enterprise Company (U.S.), ITRenew, Inc. (U.S.), and IBM (U.S.), among others.

Target Audience:

  • IT asset disposition service providers
  • Developers of data sanitization software
  • Asset destruction machine manufacturers
  • Logistics and packaging service providers
  • Government bodies and associations involved in environment safety and health-related regulations

Scope of the report:

The global IT asset disposition market, in this research report, has been segmented on the basis of service, asset type, organization size, end user, and geography.

Global IT Asset Disposition Market, by Service

  • De-Manufacturing and Recycling
  • Remarketing and Value Recovery
  • Data Destruction/Data Sanitization
  • Logistics Management and Reverse Logistics
  • Other Services
    • On-Site Equipment Audit Solution
    • Online Clients’ Portal

Global IT Asset Disposition Market, by Asset type

  • Computer/Laptops
  • Servers
  • Mobile Devices
  • Storage Devices
  • Peripherals
    • Networking Devices
    • I/O Devices

Global IT Asset Disposition Market, by Organization Size 

  • SOHO and Medium Enterprises
  • Large Enterprises

Global IT Asset Disposition Market, by End user

  • Banking, Financial Service, and Insurance (BFSI)
  • IT and Telecom
  • Educational Institutions
  • Healthcare Industry
  • Aerospace and Defense
  • Public Sector and Government offices
  • Manufacturing
  • Media and Entertainment
  • Others
    • Energy and Utility
    • Construction and Real Estate
    • Logistics and Transportation

Global IT Asset Disposition Market, by Region

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • Latin America

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Comprehensive coverage of regulations followed in each region (the North America, APAC, and Europe)

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objective
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the IT Asset Disposition Market
    4.2 IT Asset Disposition Market, By Service
    4.3 IT Asset Disposition Market in APAC
    4.4 IT Asset Disposition: Geographic Snapshot for the Forecast Period
    4.5 IT Asset Disposition Market, By Asset Type

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Service
           5.2.2 By Asset Type
           5.2.3 By Organization Size
           5.2.4 By End User
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Regulatory Compliances and Environment Safety
                    5.3.1.2 Growing Need of Information and Data Security for Old Assets
                    5.3.1.3 Increasing Adoption of New Technology and Byod
           5.3.2 Restraints
                    5.3.2.1 Lack of Awareness and High Service Cost
                    5.3.2.2 Lack of Comprehensive IT Asset Disposition Policy
           5.3.3 Opportunities
                    5.3.3.1 Value Recovery From Obsolete Assets
                    5.3.3.2 Strategic Partnerships and Acquisitions
           5.3.4 Challenges
                    5.3.4.1 Unauthorized Standards and Unsustainable Practices


6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis, 2015
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Intensity of Competitive Rivalry
    6.4 Regulatory Landscape
           6.4.1 Recycling Services: Rules and Regulations
           6.4.2 Data Security: Rules and Regulations


7 IT Asset Disposition Market, By Service (Page No. - 53)
    7.1 Introduction
    7.2 De-Manufacturing and Recycling
    7.3 Remarketing and Value Recovery
    7.4 Data Destruction/Data Sanitization
           7.4.1 On-Site Data Destruction
           7.4.2 Off-Site Data Destruction
    7.5 Logistics Management and Reverse Logistics
    7.6 Other Services
           7.6.1 On-Site Equipment Audit Solution
           7.6.2 Online Clients’ Portal

8 IT Asset Disposition Market, By Asset Type (Page No. - 63)
    8.1 Introduction
    8.2 Computers/Laptops
    8.3 Servers
    8.4 Mobile Devices
    8.5 Storage Devices
    8.6 Peripherals
           8.6.1 Networking Devices
           8.6.2 I/O Devices

9 IT Asset Disposition Market, By Organization Size (Page No. - 70)
    9.1 Introduction
    9.2 Soho and Medium Enterprises
    9.3 Large Enterprises

10 IT Asset Disposition Market, By End User (Page No. - 75)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance (Bfsi)
     10.3 IT and Telecom
     10.4 Educational Institutions
     10.5 Healthcare Industry
     10.6 Aerospace and Defense
     10.7 Public Sector and Government Offices
     10.8 Manufacturing
     10.9 Media and Entertainment
     10.10 Others
             10.10.1 Energy and Utility
             10.10.2 Construction and Real Estate
             10.10.3 Logistics and Transportation

11 Geographic Analysis (Page No. - 89)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Rest of North America
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of APAC
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 115)
     12.1 Overview
     12.2 Market Ranking for IT Asset Disposition Market, 2015
     12.3 Competitive Situation and Trends
     12.4 Recent Developments
             12.4.1 Expansions
             12.4.2 Acquisitions/Mergers/Collaborations
             12.4.3 Partnerships/Contracts/Agreements
             12.4.4 New Product Launches

13 Company Profiles (Page No. - 121)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 Hewlett Packard Enterprise Company
     13.3 IBM Corporation
     13.4 Arrow Electronics, Inc.
     13.5 Dell
     13.6 SIMS Recycling Solutions
     13.7 Iron Mountain Incorporated
     13.8 Apto Solution, Inc.
     13.9 TBS Industries
     13.10 ITrenew Inc.
     13.11 TES-AMM (Singapore) Pte Ltd.
     13.12 Lifespan International Inc.
     13.13 Cloudblue Technologies, Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 147)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (78 Tables)

Table 1 IT Asset Disposition Market, By Service
Table 2 IT Asset Disposition Market, By Asset Type
Table 3 IT Asset Disposition Market, By Organization Size
Table 4 IT Asset Disposition Market, By End User
Table 5 Porter’s Five Forces Analysis: Threat of Substitutes Expected to Have A Low Impact in the Overall Market
Table 6 Recycling Services: Rules and Regulations
Table 7 Data Security: Rules and Regulations
Table 8 ITAD Market, By Service, 2013–2022 (USD Million)
Table 9 ITAD Market for De-Manufacturing and Recycling, By Organization Size, 2013–2022 (USD Million)
Table 10 ITAD Market for De-Manufacturing and Recycling, By Region, 2013–2022 (USD Million)
Table 11 ITAD Market for Remarketing and Value Recovery, By Organization Size, 2013–2022 (USD Million)
Table 12 ITAD Market for Remarketing and Value Recovery, By Region, 2013–2022 (USD Million)
Table 13 ITAD Market for Data Destruction/Data Sanitization, By Organization Size, 2013–2022 (USD Million)
Table 14 ITAD Market for Data Destruction/Data Sanitization, By Region, 2013–2022 (USD Million)
Table 15 ITAD Market for Logistics Management and Reverse Logistics, By Organization Size, 2013–2022 (USD Million)
Table 16 ITAD Market for Logistics Management and Reverse Logistics, By Region, 2013–2022 (USD Million)
Table 17 ITAD Market for Other Services, By Organization Size, 2013–2022 (USD Million)
Table 18 Market for Other Services, By Region, 2013–2022 (USD Million)
Table 19 ITAD Market, By Asset Type, 2013–2022 (USD Million)
Table 20 ITAD Market for Computers/Laptops, By Region, 2013–2022 (USD Million)
Table 21 ITAD Market for Server, By Region, 2013–2022 (USD Million)
Table 22 ITAD Market for Mobile Devices, By Region, 2013–2022 (USD Million)
Table 23 ITAD Market for Storage Devices, By Region, 2013–2022 (USD Million)
Table 24 ITAD Market for Peripherals, By Region, 2013–2022 (USD Million)
Table 25 ITAD Market, By Organization Size, 2013–2022 (USD Million)
Table 26 ITAD Market for Soho and Medium Enterprises, By Service, 2013–2022 (USD Million)
Table 27 ITAD Market for Soho and Medium Enterprises, By Region, 2013–2022 (USD Million)
Table 28 ITAD Market for Large Enterprises, By Service, 2013–2022 (USD Million)
Table 29 ITAD Market for Large Enterprises, By Region, 2013–2022 (USD Million)
Table 30 IT Asset Disposition Market, By End User, 2013–2022 (USD Million)
Table 31 ITAD Market for Banking, Financial Services, and Insurance (Bfsi), By Service, 2013–2022 (USD Million)
Table 32 ITAD Market for Banking, Financial Services, and Insurance (Bfsi), By Region, 2013–2022 (USD Million)
Table 33 ITAD Market for IT and Telecom, By Service, 2013–2022 (USD Million)
Table 34 ITAD Market for IT and Telecom, By Region, 2013–2022 (USD Million)
Table 35 ITAD Market for Educational Institutes, By Service, 2013–2022 (USD Million)
Table 36 ITAD Market for Educational Institutes, By Region, 2013–2022 (USD Million)
Table 37 ITAD Market for Healthcare Industry, By Service, 2013–2022 (USD Million)
Table 38 ITAD Market for Healthcare Industry, By Region, 2013–2022 (USD Million)
Table 39 ITAD Market for Aerospace and Defense Market, By Service, 2013–2022 (USD Million)
Table 40 ITAD Market for Aerospace and Defense Market, By Region, 2013–2022 (USD Million)
Table 41 ITAD Market for Public Sector and Government Offices, By Service, 2013–2022 (USD Million)
Table 42 ITAD Market for Public Sector and Government Offices, By Region, 2013–2022 (USD Million)
Table 43 ITAD Market for Manufacturing, By Service, 2013–2022 (USD Million)
Table 44 ITAD Market for Manufacturing, By Region, 2013–2022 (USD Million)
Table 45 ITAD Market for Media and Entertainment, By Service, 2013–2022 (USD Million)
Table 46 ITAD Market for Media and Entertainment, By Region, 2013–2022 (USD Million)
Table 47 ITAD Market for Other End Users, By Service, 2013–2022 (USD Million)
Table 48 ITAD Market for Other End Users, By Region, 2013–2022 (USD Million)
Table 49 ITAD Market, By Region, 2013–2022 (USD Million)
Table 50 ITAD Market in North America, By Country, 2013–2022 (USD Million)
Table 51 ITAD Market in North America, By Service, 2013–2022 (USD Million)
Table 52 ITAD Market in North America, By Asset Type, 2013–2022 (USD Million)
Table 53 ITAD Market in North America, By Organization Size, 2013–2022 (USD Million)
Table 54 ITAD Market in North America, By End User, 2013–2022 (USD Million)
Table 55 ITAD Market in Europe, By Country, 2013–2022 (USD Million)
Table 56 ITAD Market in Europe, By Service, 2013–2022 (USD Million)
Table 57 ITAD Market in Europe, By Asset Type, 2013–2022 (USD Million)
Table 58 ITAD Market in Europe, By Organization Size, 2013–2022 (USD Million)
Table 59 ITAD Market in Europe, By End User, 2013–2022 (USD Million)
Table 60 ITAD Market in APAC, By Country, 2013–2022 (USD Million)
Table 61 ITAD Market in APAC, By Service, 2013–2022 (USD Million)
Table 62 APAC ITAD Market, By Asset Type, 2013–2022 (USD Million)
Table 63 ITAD Market in APAC, By Organization Size, 2013–2022 (USD Million)
Table 64 ITAD Market in APAC, By End User, 2013–2022 (USD Million)
Table 65 ITAD Market in Middle East and Africa, By Service, 2013–2022 (USD Million)
Table 66 ITAD Market in Middle East and Africa, By Asset Type, 2013–2022 (USD Million)
Table 67 ITAD Market in Middle East and Africa, By Organization Size, 2013–2022 (USD Million)
Table 68 ITAD Market in Middle East and Africa, By Organization Size, 2013–2022 (USD Million)
Table 69 ITAD Market in Middle East and Africa, By End User, 2013–2022 (USD Million)
Table 70 ITAD Market in Latin America, By Service, 2013–2022 (USD Million)
Table 71 ITAD Market in Latin America, By Asset Type, 2013–2022 (USD Million)
Table 72 ITAD Market in Latin America, By Organization Size, 2013–2022 (USD Million)
Table 73 ITAD Market in Latin America, By End User, 2013–2022 (USD Million)
Table 74 Market Ranking of the Top Five Players in the ITAD Market, 2015
Table 75 Expansions, 2013–2016
Table 76 Acquisition/Mergers/Collaboration, 2013–2016
Table 77 Partnerships/Contracts/Agreements, 2013–2016
Table 78 New Product Launches, 2013–2016


List of Figures (57 Figures)

Figure 1 IT Asset Disposition Market Segmentation
Figure 2 IT Asset Disposition Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top–Down Approach
Figure 5 Data Triangulation
Figure 6 Data Destruction/Data Sanitization Service Expected to Lead the IT Asset Disposition Market During the Forecast Period
Figure 7 ITAD Services for Mobile Devices Segment to Witness the Highest Growth Rate During the Forecast Period
Figure 8 Soho and Medium Enterprises Segment of the ITAD Market Expected to Grow at A High Rate During the Forecast Period
Figure 9 IT and Telecom Industry to Lead the IT Asset Disposition Market During the Forecast Period
Figure 10 North America Held the Largest Share of the IT Asset Disposition Market in 2015
Figure 11 Demand for IT Asset Disposition Expected to Rise Gradually During the Forecast Period
Figure 12 Data Destruction/Data Sanitization to Hold the Largest Market Share During the Forecast Period
Figure 13 China to Hold the Largest Share of the IT Asset Disposition Market in APAC During the Forecast Period
Figure 14 India Expected to Witness A Significant Growth Rate During the Forecast Period
Figure 15 Servers Expected to Lead the IT Asset Disposition Market By 2022
Figure 16 IT Asset Disposition Market, By Geography
Figure 17 Regulatory Compliances and Environment Safety Drive the Market for IT Asset Disposition
Figure 18 IT Asset Disposition Market: Value Chain Analysis
Figure 19 Porter’s Five Forces Analysis for the IT Asset Disposition Market
Figure 20 Impact Analysis of IT Asset Disposition Market, 2015
Figure 21 Bargaining Power of Suppliers in the IT Asset Disposition Market, 2015
Figure 22 Bargaining Power of Buyers in the IT Asset Disposition Market, 2015
Figure 23 Threat of New Entrants in the IT Asset Disposition Market, 2015
Figure 24 Threat of Substitutes in the IT Asset Disposition Market, 2015
Figure 25 Intensity of Competitive Rivalry in the IT Asset Disposition Market, 2015
Figure 26 IT Asset Disposition Market, By Service
Figure 27 Data Destruction/Data Sanitization Service to Hold the Largest Share of the Overall ITAD Market During the Forecast Period
Figure 28 The Decision Tree of Remarketing Services
Figure 29 The Process of Logistics Management and Reverse Logistics
Figure 30 IT Asset Disposition Market, By Asset Type
Figure 31 Servers to Surpass the Computers/Laptops Market, in Terms of Size, By 2022
Figure 32 IT Asset Disposition Market, By Organization Size
Figure 33 Large Enterprises to Hold the Largest Share of the Overall ITAD Market During the Forecast Period
Figure 34 IT and Telecom Industry to Hold the Largest Share of the ITAD Market, Followed By Bfsi Industry Between 2016 and 2022
Figure 35 IT Asset Disposition Market, By End User
Figure 36 IT Asset Disposition Market Segmentation: By Geography
Figure 37 Geographic Snapshot of ITAD Market
Figure 38 APAC has the Highest Growth Witness Followed By Middle East and Africa and Latin America During the Forecast Period
Figure 39 North America: IT Asset Disposition Market Snapshot
Figure 40 North America: IT Asset Disposition Market Segmentation
Figure 41 Europe: IT Asset Disposition Market Snapshot
Figure 42 Europe: IT Asset Disposition Market Segmentation
Figure 43 Asia-Pacific: IT Asset Disposition Market Snapshot
Figure 44 Asia-Pacific: IT Asset Disposition Market Segmentation
Figure 45 Key Growth Strategies Adopted By Top Companies Between 2013 and 2015
Figure 46 Market Evaluation Framework
Figure 47 Battle for Market Share
Figure 48 Geographic Revenue Mix of the Major Market Players
Figure 49 Hewlett Packard Enterprise Company: Company Snapshot
Figure 50 Hewlett Packard Enterprise Company: SWOT Analysis
Figure 51 IBM Corporation: Company Snapshot
Figure 52 IBM Corporation: SWOT Analysis
Figure 53 Arrow Electronics, Inc.: Company Snapshot
Figure 54 Arrow Electronics, Inc. : SWOT Analysis
Figure 55 Dell: SWOT Analysis
Figure 56 SIMS Recycling Solutions: SWOT Analysis
Figure 57 Iron Mountain Incorporated : Company Snapshot

The IT asset disposition market is expected to reach USD 20.09 Billion by 2022, at a CAGR of 9.83% during the forecast period. The performance and characteristics of IT asset disposition depend largely upon the services offered. The IT asset disposition market has penetrated several industries due to the large number of standard regulatory compliances as well as the increasing focus on environmental safety.

The IT asset disposition market, on the basis of service, has been segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitization, logistics management, and reverse logistics among others. Among these segments, the market for other services includes on-site equipment audit solution and online clients’ portal. This segment is expected to grow at the highest CAGR during the forecast period because of the increased adoption of revolutionary software-driven approaches which eliminate unnecessary costs and other disadvantages of traditional ITAD process, while delivering superior financial returns, data security, and IT sustainability.

The IT asset disposition market, on the basis of asset type, has been segmented into computers/laptops, servers, mobile devices, storage devices, and peripherals including networking devices and I/O devices. The market for mobile devices is expected to grow at the highest CAGR during the forecast period. In the current scenario, IT departments are still more dependent and supporting PCs and laptops for most of their employees. Smartphones and tablets are witnessing rapid growth as an increasing number of workers are using mobile devices for work because of the growing mobility and BYOD needs.

The IT asset disposition market, on the basis of end users, has been segmented into banking, financial service, and insurance (BFSI); IT and telecom; educational institutions; healthcare; aerospace and defense; public sector and government offices; manufacturing; media and entertainment; and others. The market for the media and entertainment industry is expected to grow at a high rate, followed by the educational institutions.

IT Asset Disposition (ITAD) Market

The IT asset disposition market, on the basis of region, has been broadly segmented into North America, Europe, APAC, Middle East and Africa, and Latin America. APAC is expected to be the fastest-growing market for IT asset disposition, followed by Middle East and Africa during the forecast period. The increasing awareness toward environmental safety and the regulatory compliances for asset disposition drive the growth of the IT asset disposition market in Asia-Pacific. Also, the countries such as Singapore, South Korea, Malaysia, Indonesia, and Australia are expected to witness high growth in the ITAD services market because of the vast data center opportunities and the growing adoption of cloud in these countries, which creates the need for more advanced technologies and the management of old assets.

The lack of awareness and high service costs are among the major restraints for the ITAD market growth. IT assets require appropriate procedures and processes for their disposal after the completion of their lifecycle. For the proper disposal of IT assets, awareness of the regulations and environmental concerns for using ITAD services are essential.  Many organizations do not assign any special budget for asset disposition due to limited funds. As a result, the asset may get disposed in an improper way, thus affecting the environment.

Key players in this market focus on strategic partnerships, acquisitions, agreements, and new product launches to increase their revenue. For instance, in February 2015, Arrow Value Recovery acquired RDC, a leading technology returns and asset management company in Europe, to expand its business in EMEA.

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