2021 ITAD Benchmarking Report shows 27.4% increase in average values for retired IT assets
Wisconsin Eagle/10105830

MADISON, Wis. - WisconsinEagle -- Cascade Asset Management (Cascade), a national leader in providing full-service IT asset retirement solutions to businesses and institutions, published its 7th 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 last year, and undoubtedly due to the impact of the pandemic increasing the overall demand for IT hardware, Cascade reported a more than 27% increase in the overall average resale value paid for its refurbished equipment between 2019 and 2020. Laptops led the pack with their average value growing by 44%, on average. There was also a dramatic increase in the amount of laptops given away to worthy causes that were searching for affordable devices to meet work and school at home needs during the pandemic.

More on Wisconsin Eagle

• West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
• The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
• Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
• New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
• The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side

"In 2019, there was a flood of used equipment in the secondary market, driving down prices," notes the report's author Neil Peters-Michaud. "In 2020, supply chains were disrupted, and we saw a surge of interest in refurbished devices in domestic markets. As more people chose refurbished equipment, they appreciated it as a more affordable and viable substitute for new devices in many instances."

In the survey portion of the report, a higher percentage of respondents indicated they would spend less on purchasing new IT assets in 2021 (24.6%) compared to 2020 (16.6%). This may be due to the growth in spending for remote work in 2020. Meanwhile, expectations for increased or maintained IT hardware spending declined from nearly 70% in 2020 to 57% in 2021. Also, there was increased uncertainty (18.0%) in future IT investments indicated in the responses.

Going into 2021, organizations plan to remain consistent with their device refreshes. Respondents expect that 64% of their laptops (same as the previous year) and 51% of their desktop PCs (up from 46% last year) will be 4 years old or less when they are retired from use. While 2020 disrupted many organizations' asset disposition activities, it appears they plan to get back on track with normal retirement programs in 2021.

More on Wisconsin Eagle

• Digital Watchdog Launches New myDW Cloud Services
• Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
• Drone Light Shows Emerge as the New Standard in Live Event Entertainment
• Lore Link is Here to Help Organize Your Game
• Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!

The full report is posted online at: http://www.cascade-assets.com/2021report. In addition, Cascade will present the report findings as part of a webinar hosted by IAITAM on Tuesday, January 19^th at 5:00 p.m. ET). Additional inquiries about the findings can be directed to the author, Neil Peters-Michaud, npm@cascade-assets.com.