Tracking Market Conditions

IT Spending to Exceed Staggering $5 Trillion this Year: What It Means for ITAD and Sustainability

This year, global IT spending will reach a staggering $5.1 trillion, and that, according to Gartner, would be a near 10% growth from 2024, more precisely 9.8%. What’s likely to drive most of this massive spending would be companies’ digital transformation strategies. Big investments are going to pour into enterprise software and IT services, which […] Continue reading below.
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This year, global IT spending will reach a staggering $5.1 trillion, and that, according to Gartner, would be a near 10% growth from 2024, more precisely 9.8%. What’s likely to drive most of this massive spending would be companies’ digital transformation strategies. Big investments are going to pour into enterprise software and IT services, which include managed services, cloud infrastructure, and consulting. Within the particular segment of IT services reside some of the segments I track, that is electronics recycling and IT Asset Disposition (ITAD).

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Analyst/Author: David Daoud | Analyst

David Daoud has researched the mainstream IT hardware market since 1996 and expanded into hardware disposition research in 2003. He has spearheaded the creation of IDC’s GRADE certification. Since then, David has been providing consulting and expert advice to companies looking to establish best practice in their IT equipment decommissioning and helped leading ITAD service providers assess demand, understand competition, and forecast what’s to come. David is currently the Principal Analyst at Compliance Standards, which focuses entirely on the end-of-life of IT equipment. He can be reached at 508-981-6937 or at ddaoud@compliance-standards.com
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Pulse: Some Signs to Support ITAD Executives’ Optimism on a Better 2H2023

Pulse: Some Signs to Support ITAD Executives’ Optimism on a Better 2H2023

by | Jun 28, 2023 | ,

Lately, we have been witnessing renewed optimism in the ITAD sector. A survey of ITAD vendors conducted by Compliance Standards LLC and E-Scrap News indicates that while the industry has been struggling with poor and adverse market conditions in the first half of 2023, ITAD company executives, in their majority, see better times ahead and anticipate an improved market environment in the second half of 2023.

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