E-Waste Management for Large Enterprises

The volume of e-waste generated on a global scale is estimated to reach 93.5 billion tonnes by 2016. The E-Waste Management market is estimated to grow at a CAGR of 23.5% from 2014-2020, and the revenue generated from this market is estimated to reach USD 20.25 billion. E-waste constitutes of various toxic materials like lead, mercury, barium, cadmium, plastics etc. which render hazardous to all life-forms and need to be treated with extreme caution. Therefore, there are several government directives, policies and regulations in place to ensure the appropriate treatment of such materials. This article throws light on some of the most popular directives and certifications worldwide along with illustrating the various benefits of managing e-waste efficiently. This article also enlists some of the most important factors driving and constraining the e-waste management marketplace. Introduction �A substantial volume of IT hardware is employed by large enterprises on a global scale to run day-to-day operations. Given the current progressive pace of technology advancements, enterprises find an increasing need to upgrade the IT hardware installed to stay up with the market competition. In this pursuit, large enterprises end up with a towering pile of IT hardware that renders unused. Therefore, there has been a growing demand for managing such hardware, popularly known as electronic waste or e-waste. This rising demand has led to the emerging of the E-Waste Management or Information Technology Asset Disposition (ITAD) marketplace.   Author: Maneesh Byadigera