The Future of the ITAD Industry

The IT Asset Disposition (ITAD) industry is growing— and it’s growing fast. The ITAD market value was valued at $10 billion in 2021, and by 2027, it’s estimated to reach a staggering $14 billion.

There are many reasons why the industry has seen such a massive boost in the past few years. We’d like to discuss the top two: technological innovation and regulatory compliance.

Never-Ending Technological Innovation

If you feel like technological innovation is accelerating increasingly fast, it’s because it is.

There were 1.15 million patents granted between 2011 and 2015 – a figure that illustrates just how fast that growth rate is. Compare this to the 222,036 patents granted between 1801 and 1900, and you see the explosion in new offerings.

Every day, a newly released technology makes older versions obsolete. To deal with the reduced useful lifespan of technological devices, ITAD vendors have stepped in to find better ways to repurpose or dispose of devices. While comparably outdated, these devices still hold tremendous value in the form of raw materials and individual components.

The Growing Importance of Compliance

In the past few years, the number of data breaches has increased at an alarming rate. Some of the world’s largest companies have experienced data breaches that left their customers’ most sensitive data exposed to malicious hackers.

In response to the increasing frequency of data security disasters, companies have put a great deal more effort into selecting their IT vendors. It’s clear that if you choose the wrong vendor, the consequences can be significant, so properly vetting them is essential to your company’s success. The increased vendor scrutiny has encouraged players in the ITAD industry to take measures to intensify regulatory compliance and data security safeguards across the board.

Why NCS Global?

There are countless ITAD vendors in the marketplace today, but none come close to NCS Global’s level of thoroughness, responsiveness, and emphasis on data security. Since 1994, we’ve maintained a 98 percent customer retention rate by continuously innovating and improving our ITAD processes.

We’re proud to help our clients – ranging from global technology companies to leading academic institutions – reduce their IT-related costs by up to 30 percent while decreasing their negative environmental impact. NCS Global will continue to be a forerunner in the ITAD industry, consistently delivering value and superior security to the businesses we serve across the globe.

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To learn how our organization can help you accomplish your goals, please request a quote today. Our team of experts is here to create customized solutions that will improve your bottom line and help you better compete in the marketplace.