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The establishment of ITAD facilities, providing specialized infrastructure to handle the complex process of retiring and disposing of IT assets is driving a significant market growth. For instance, in August 2023, TES, a company specializing in IT lifecycle solutions, announced its plan to construct a fresh IT Asset Disposition facility in Virginia, U.S. Encompassing an expansive area of 128,000 square feet (11,900 square meters), the facility's sole focus will be on the processing of ITAD data center assets. These initiatives promote the proper handling of electronic waste, enhance data security, and support businesses in adhering to regulatory requirements, fostering market expansion.