Market Overview

ERI Co-Founder and Executive Chairman John Shegerian Explains the Massive Growth of ITAD Services Market

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Citing recently reported statistics showing demand for ITAD services at
an all-time high, John Shegerian, Co-Founder and Executive Chairman of
ERI,
the largest fully integrated IT and electronics asset disposition
provider and cybersecurity-focused hardware destruction company in the
United States, has claimed that the biggest driver of the ITAD trend is
the dramatic increase in cyber- and hardware hacking claims.

A recent market report issued by Wise Guy Reports claimed that the
global IT asset disposition (ITAD) market boasted an annual growth rate
of 10.71% from 2014 to 2017 and is now expected to reach a market size
of $20,090 million by 2022.

Researchers point to a number of major factors driving the growth of the
ITAD market, including increasing adoption of new technology leading to
swifter turnover of devices, and the "bring your own device" (BYOD)
trend in many organizations. BYOD has created demand for IT assets
disposition because employees are using old version on their laptops. In
addition, technological advances in cloud computing, big data analytics,
and the Internet of Things (IoT) are reducing the lifespan of IT
equipment and thus increasing the dependence on ITAD services.

Regulatory changes across the globe aimed at minimizing the
environmental hazards which are created by electronic waste are also
causing an uptick in the IT asset disposition market. Government
regulations for saving the data and environmental protection have grown
more demand for IT assets service. Many industries are regulated by
different kinds of privacy protection rules such as HIPAA or FACTA.

Shegerian adds that an unfortunate but very real consideration that is
also leading to increased need for ITAD services is the escalating
number of cybercrime and hardware hacking incidents reported in recent
months.

"Hackers have become very sophisticated, leading to an urgent need for
responsible and fully-integrated ITAD services," noted Shegerian. "When
it comes to data theft, businesses are no longer only at risk in
cyberspace – outdated hardware has increasingly become the target of
choice. It is urgent that outdated devices be replaced – and then
responsibly destroyed. Here in the US, that process should be done
domestically and should always include complete, physical data
destruction. The hardware security issue is significant now on a number
of levels because it leads to the wholesale liquidation of our national
security and the privacy of the corporations and individuals of the
United States. It is more imperative than ever that we recycle these
devices and do it the right way – from both environmental and data
destruction standpoints."

Shegerian added that ERI currently provides the only dually certified
nationwide solution offering 100 percent guaranteed data destruction for
consumer electronics devices, e-waste, and hardware.

Further bolstering its position in the industry, ERI was also once again
included among the annual listing of "Representative Vendors" in
Gartner's 2018 Market Guide to IT Asset Disposition.

ERI is the largest fully integrated IT and electronics asset
disposition provider and cybersecurity-focused hardware destruction
company in the United States. ERI is
certified
to de-manufacture, recycle, and refurbish every type of electronic
device in an environmentally responsible manner. ERI has the capacity to
process more than a billion pounds of electronic waste annually at its
eight certified locations, serving every zip code in the United States.
ERI's mission is to safeguard organizations, people and the environment.

For more information about e-waste recycling and ERI, call
1-800-ERI-DIRECT or visit
https://eridirect.com.

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