E-waste production will reach 80 million metric tons by 2030, indicating a huge number and this only means that there is more scope for the refurbished computer market with increase in E-waste.
Refurbished hardware can deliver big returns for businesses of all sizes.
Whether businesses want to save on IT costs, meet sustainability targets, or increase operational flexibility, refurbished equipment is a practical and reliable solution.
ROI for Large Corporations, while choosing Refurbished
For large enterprises with bigger IT Infrastructure requirements, choosing refurbished hardware is a cost-effective method without compromising on performance and quality.
Here are a few points on how it delivers ROI in key areas:
Data Centre Upgrades – Upgrading data centres is often expensive, but upgrading while using refurbished servers can prove to be affordable. Refurbished hardware comes with certifications and warranties for mission critical operations and performance.
Desktop and Laptop Deployments – Large scale workforce deployments require thousands of devices and choosing refurbished hardware can save a significant amount of budget. Also, large corporations can avail big discounts for bigger purchases which are often available.
Disaster Recovery
Having a secondary IT estate like a backup for disaster recovery is critical for business continuity. However, this is usually very expensive. Refurbished servers, storage, and networking equipment allows you to build a robust disaster recovery infrastructure at a fraction of the cost of new hardware.
Refurbished hardware, makes IT departments more sustainable:
Considering a Hybrid solution – Companies can use refurbished hardware wherever possible, without having to compromise on performance. Also, extending the life of the retired hardware and cascading hardware down through the business helps companies decrease the amount of hardware they dispose of and use devices to their full potential.
Recent research conducted by the United Nations University, revealed that re-using hardware is twenty times better for the environment than dis-mantling it and recycling it.
Circular Economy – Refurbishing is a step towards a circular economy, where products are reused, repurposed, and recycled, minimizing waste and environmental impact. In an era, where both consumers
Green Branding – In an era where both consumers and businesses are increasingly environmentally conscious, using and endorsing refurbished equipment can significantly enhance a company’s eco-friendly image
The refurbished laptop market size is expected to see strong growth in the next few years. By 2030, it will grow to a staggering 11 billion dollars at a compound annual growth rate of 7%. The growth in the future years can be attributed to continued growth of E-Waste, demand for eco-friendly alternatives like refurbished computers, adoption of circular economy principles, expansion of E-commerce platforms and integration of refurbished computer programs.
Major trends in the future include sustainability emphasis, demand for affordable computing, technological advancements in refurbishment, E-commerce growth, corporate sustainability initiatives, government regulations, consumer confidence, education and awareness campaigns.