2020 ITAD Benchmarking Report shows 15% decrease in average values for retired IT assets

This sixth annual IT Asset Disposition report analyzes trends from survey data and refurbishment activity as they relate to security, environmental issues, and asset value.
By: Cascade Asset Management, LLC
MADISON, Wis. - Jan. 22, 2020 - PRLog -- Cascade Asset Management (Cascade), a national leader in providing full-service IT asset retirement solutions to businesses and institutions, published its 6th Annual Benchmarking Report today. The study provides information and research on security, environmental, and financial issues related to IT Asset Disposition (ITAD) and the more general IT Asset Management (ITAM) discipline.

Reversing a trend from the past few years, Cascade reported a decline of 15% in the overall average resale value paid for its refurbished equipment between 2018 and 2019. While the number of desktop computers Cascade sold in 2019 compared to 2018 grew by 41%, the average price earned from the sale of these devices dropped by 12% in 2019. The number of laptops sold by last year climbed by 89%, but average prices dropped by 4%.

One contributing factor to the decline in average prices is an increase in enterprises requesting hard drives be removed and shredded from devices, thereby lowering their average resale price.

Bucking this price decline was smartphones and tablets, which saw their average resale prices increase by 50% last year. "There is plenty of demand domestically and internationally for refurbished smartphones and tablets that are within a few generations of current models," says Paul Keough, Resale Manager for Cascade. "It even makes sense for us to invest in the repair of damaged smartphones."

In the survey portion of the report, enterprises said they expect a slight increase in IT hardware purchases in 2020. In this year's survey, 23% of respondents indicated their organizations plan to spend more on IT hardware in 2020, compared to 22% which planned to spend more in 2019.

This year's survey revealed divergent trends in mobile device use in organizations. While smartphones and tablets provided by the company were reported to increase by 6% this year, the percentage of employee-owned mobile devices used for organizational purposes dropped from 20% in 2018 to 17% in 2019. "BYOD" is losing its appeal as companies work to gain better control over their mobile device fleet.

The full report is posted online at: http://www.cascade-assets.com/2020report. In addition, Cascade will present the report findings as part of a webinar hosted by IAITAM in early February (date forthcoming). Additional inquiries about the findings can be directed to the author, Neil Peters-Michaud, npm@cascade-assets.com.

About Cascade
Cascade Asset Management has provided full-service IT asset retirement solutions to Fortune 1000 companies and other institutions since 1999.

Neil Peters-Michaud
Source:Cascade Asset Management, LLC
Email:***@cascade-assets.com Email Verified
Location:Madison - Wisconsin - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Cascade Asset Management PRs
Trending News
Most Viewed
Top Daily News

Like PRLog?
Click to Share