Smartphone reuse market primed for growth

Smartphone reuse market primed for growth

By Editorial Staff, E-Scrap News

February 21, 2014

Data erasure company Blancco says the market for used smartphones will "cannibalize" a chunk of new smartphone sales worldwide by 2018, requiring the industry to toughen up on data sanitization.

According to a white paper released by the company, the annual global market for reusing gently used and refurbished phones is expected to grow from 53 million units to 257 million units in just five years. By 2018, 8 percent of new smartphone sales will be "cannibalized" by the emerging reuse sector, the white paper states.

But Blancco says the reusability of smartphones also poses data security questions for phone makers, retailers and recyclers offering buy-back services.

According to the company, 99 percent of smartphone owners use their phones for "some kind of business" and 77 percent keep business names and addresses saved on their phones. When re-sold and ostensibly sanitized, 60 to 99 percent of used devices have been shown to contain some data remnants, opening the door to data breaches.

To prevent such breaches, Blancco urges stakeholders to seek out data erasure technologies and companies who can ensure that a complete data wipe is initiated before resale.

OUSEI Banner

To return to the E-Scrap News newsletter, click here

 

.

.