A Glance of IT Asset Disposition Industry in 2022

CIO Review APAC | Monday, March 15, 2021

ITAD services assist businesses in safely disposing of technology in a way that does not jeopardise data security or harm the environment while keeping expenses as low as possible.

Fremont, CA: Today, all businesses rely on technology and software to run their operations, engage with customers, and, most critically, store data, most of which is sensitive or confidential. However, all IT hardware has a limited lifespan that must be reached. Either the gadget fails to function properly, or the company replaces it with a more current version that provides more capabilities, power, and other desirable characteristics. Whatever the reason, every organization must dispose of hardware correctly at some point. Is it, however, as simple as tossing outdated laptops and hard drives into a dumpster? 

In fact, due to various factors ranging from environmental sustainability to data security, proper disposal of IT assets can be far more challenging. That is where ITAD services assist businesses in safely disposing of technology in a way that does not jeopardize data security or harm the environment while keeping expenses as low as possible. 

Why does it Matter?

ITAD has become a top-of-mind concern for many businesses because, as the world has become more tech-driven, enterprises' IT and data security parts have risen. IT sales have increased in practically every category, and this trend is projected to continue in the future. People and businesses spent nearly 700 billion dollars on technology equipment in the last year alone. They spent nearly four trillion dollars on IT acquisitions during the same period. Much of this spending has been focused on data centers, which is expected to exceed a quarter billion dollars by 2021. 

Overall, businesses can't afford to be caught off guard regarding hardware asset management and IT asset disposition. It has never been more critical for companies to plan for the whole life cycle of their technical assets than it is now.

Besides, the risk of data breaches has been perhaps the most major driver of investment's ineffective IT asset disposition. Companies have been looking for efficient solutions to combat piracy and data-based attacks as they have reached all-time highs. ITAD services will do this for businesses, lowering risk by completely erasing data from any discarded devices.

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