Global IT Asset Disposition Market Share is Likely to Grow at a CAGR Value of 8.40% By 2028

07-Sep-2022 | Facts and Factors

According to Facts and Factors, the global IT asset disposition market size was worth USD 14.8 billion in 2021 and is estimated to grow to USD 24.01 billion by 2028, with a compound annual growth rate (CAGR) of approximately 8.40% over the forecast period. The report analyzes the IT asset disposition market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the IT asset disposition market.

Disposing of outdated or unneeded equipment in a secure and ecologically friendly manner is known as IT asset disposition. Data security for storage devices is managed along with properly disposing of environmentally sensitive elements in IT asset disposition. The replacement cycle for IT equipment in IT firms is extremely high, and ITAD vendors are experts at streamlining IT assets' disposal while minimizing costs and maximizing loss recovery. Businesses frequently change their IT infrastructure. Due to the potential risks to data security and environmental concerns posed by all deactivated electronic equipment, disposing of IT assets may be a difficult and dangerous procedure for large businesses.

Browse the full “IT Asset Disposition Market Size, Share, Growth Analysis Report By Service (De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Destruction/Data Sanitation, Logistics Management & Reverse Logistics, Other Services (On-site Audit solutions and Clients’ Online Portals)), By Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), By End-User (Banking, Financial Services & Insurance (BFSI), IT & Telecom, Education, Healthcare, Aerospace & Defense, Public Sector & Government Offices, Manufacturing, Media & Entertainment, Others (Energy & Utility, Construction & Real Estate, Logistics & Transportation)), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/it-asset-disposition-market

One of the key elements fueling the expansion of the global IT assets disposition market is the rising demand for data and information security in outdated assets. The market expansion is accelerated by implementing regulatory compliances and environmental safety, made possible by legislation requiring secure and ecologically responsible disposal of e-waste. Small and medium-sized businesses' growing desire for IT asset disposal and increased propensity to create energy-efficient products impact the industry. The market for disposing of IT assets is positively impacted by investment growth, development of end-use sectors, acceptance of cloud-based technologies, use of new technologies, and the BYOD trend. Additionally, throughout the projected period, profitable opportunities for market participants will be expanded by strategic alliances & acquisitions and increased sales of used equipment on websites that host online auctions or employees. Conversely, it is anticipated that a lack of specific IT asset disposition regulations, unofficial norms, and unsustainable practices will impede market expansion. The IT asset disposition market is expected to face challenges over the forecast period due to low awareness and expensive service charges.

The global IT asset disposition market has been segmented into service, asset type, deployment mode, organization size, verticals, and region. Based on the service, the IT asset disposition market is segregated into de-manufacturing & recycling, remarketing & value recovery, data destruction/data sanitation, logistics management & reverse logistics, and other services (on-site audit solutions and client online portals). Among these, the data destruction/data sanitation segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on the asset type, the IT asset disposition market is segregated into computers/laptops, servers, mobile devices, storage devices, and peripherals. Among these, the computers/laptops segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. The IT asset disposition market is segregated into small & medium-sized enterprises and large enterprises based on organization size. Among these, the large enterprise segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Based on end-user, the IT asset disposition market is segmented into banking, financial services & insurance (BFSI), IT & telecom, education, healthcare, aerospace & defense, manufacturing, public sector & government offices, media, & entertainment, and others (energy & utility, logistics & transportation, construction, and real estate). Among these, the media & entertainment segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.

The global IT asset disposition market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America dominated the global IT asset disposition market in 2021 due to a booming IT industry and an increase in cloud data centers in the region. Due to ongoing developments in asset disposal technology, such as advancements in data security and recycling techniques, it is projected that the market for IT asset disposition in North America will grow. Furthermore, the region is becoming more concerned with data security, which unintentionally affects the market for selling IT assets. Additionally, it is predicted that over the coming years, there will be a significant increase in the adoption of IT asset disposition solutions due to a greater reliance on outsourced data hosting and processing, driven by the expansion of multi-tenant data centers (MTDC) in this region.

Report Scope

Key players in the global IT asset disposition market include DELL TECHNOLOGIES, STEPIT, IRON MOUNTAIN, TES, HEWLETT PACKARD ENTERPRISE, IBM, SIMS LIMITED, APTO SOLUTIONS, LIFESPAN INTERNATIONAL, and TOTAL IT GLOBAL.

Recent Developments:

• February 2022: Three firms signed a memorandum of agreement allowing energy companies to build and run green hydrogen facilities: IBM, Worley, and ABB. Worley will supply engineering and construction services, ABB will provide electrical infrastructure, and IBM will provide system integration services.
• November 2020: Sims Lifecycle Services joined forces with the Dutch Data Center Association to become a high-quality provider of data center services. This collaboration bolstered the data center sector's economic growth and presence in the European region.

Global IT asset disposition Market is segmented as follows:

By Service

• De-Manufacturing and Recycling
• Remarketing and Value Recovery
• Data Destruction/Data Sanitation
• Logistics Management and Reverse Logistics
• Other Services (On-site Audit solutions and Clients’ Online Portals)

By Asset type

• Computers/Laptops
• Servers
• Mobile Devices
• Storage Devices
• Peripherals

By Organization size

• Small and Medium-sized Enterprises
• Large Enterprises

By End-User

• Banking, Financial Services and Insurance (BFSI)
• IT and Telecom
• Education
• Healthcare
• Aerospace and Defense
• Public Sector and Government Offices
• Manufacturing
• Media and Entertainment
• Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation)

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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