10-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “IT Asset Disposition Market By Service (De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Destruction/Data Sanitization, Logistics Management & Reverse Logistics, and Other Services), By Assets Type (Computer/Laptops, Mobile Devices, Servers, Peripherals, and Storage Devices), By Organization Size (SOHO & Medium Enterprises and Large Enterprises), and By End-User (BFSI, IT & Telecom, Manufacturing, Educational Institutions, Media & Entertainment, Healthcare Industry, Aerospace & Defense, Public Sector & Government Offices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global IT Asset Disposition market is predicted to be valued at approximately USD 13,276 million in 2018 and is expected to reach a value of around USD 28,558 million by 2027, at a CAGR of around 8.83% between 2019 and 2027.
IT asset disposition is referred to as the act of getting rid of an asset via a direct sale or another method of transfer. The varying IT ecosystem coupled with the growth of myriad factors including artificial intelligence, big data analytics, cloud computing, cognitive computing, and connected things has produced a large number of e-waste problems. Growing concerns related to data security and ecology has resulted in IT asset disposition getting the top-most priority from the IT firms.
Browse the full “IT Asset Disposition Market By Service (De-Manufacturing & Recycling, Remarketing & Value Recovery, Data Destruction/Data Sanitization, Logistics Management & Reverse Logistics, and Other Services), By Assets Type (Computer/Laptops, Mobile Devices, Servers, Peripherals, and Storage Devices), By Organization Size (SOHO & Medium Enterprises and Large Enterprises), and By End-User (BFSI, IT & Telecom, Manufacturing, Educational Institutions, Media & Entertainment, Healthcare Industry, Aerospace & Defense, Public Sector & Government Offices, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” Report at https://www.fnfresearch.com/it-asset-disposition-market-by-service-de-manufacturing-209
Furthermore, IT asset disposition assists in destroying and recycling or repurposing many types of IT equipment with consistent, eco-friendly, and secure solutions. IT asset disposition is adopted on the large-scale by firms across the globe in order to proficiently handle the waste disposal and minimize the risk of data loss along with reducing the monetary loss. With myriad services including data sanitization, recycling, recovery, and data destruction, the IT asset disposition industry is projected to record the highest growth during the forecast timeline.
Regulatory compliance & environmental protection to steer the market trends
The IT asset disposition industry is predicted to record massive growth over the forecast timeline due to the introducing of new legislation for protecting the environment from pollution. Moreover, the operations of firms are controlled by myriad privacy protection laws including HIPAA or FACTA. In addition to this, the audit is carried out in firms as per the mandatory laws requiring them to have strong security and a plan for destroying data on old equipment. Large-scale use of electronic equipment including smartphones, tablets, and laptops in enterprises will further accelerate the growth of the market during the forecast timeline.
Furthermore, growing acceptance of new services and BYOD (Bring Your Own Device) is predicted to steer the expansion of the market over the forecast period. Nonetheless, transport issues such as equipment loss in transit are likely to pose a threat to the expansion of the IT asset disposition industry over the forecast timeline. However, value recovery through obsolete assets is predicted to create lucrative opportunities for the market over the forecast period. Apart from this, high service costs can impede business growth over the forecast timeline.
Remarketing & Value Recovery to lead the service segment growth by 2027 in terms of value
The growth of the segment during the forecast period is due to the massive demand for remarketing & value recovery from non-working assets possessing proprietary & confidential information of the firm. Moreover, these remarketing & value recovery services are likely to help the IT asset disposition process in reducing the risks & optimizing the value of assets.
IT & Telecom segment to dominate the end-user landscape over the forecast timeline in terms of earnings
The segmental surge during the forecast timeline is owing to the massive demand for IT asset disposition services in the IT & Telecom segment.
North America to contribute major revenue share towards the overall market by 2027
The growth of the regional market during the forecast timespan is owing to the thriving IT industry in the region along with enforcement of strict laws by the government for safe & proper asset disposal.
Some of the key participants in the business include TES (Singapore) Pte Ltd., Hewlett-Packard Company, Sims Recycling Solutions, Inc., IBM, Iron Mountain Inc., CloudBlue Technologies, Inc., ITrenew Inc., Arrow Electronics, TBS Industries, Apto Solution, Inc., LifeSpan International Inc., and Dell Inc.
This report segments the IT Asset Disposition market as follows:
IT Asset Disposition Market: By Service Analysis
- De-Manufacturing & Recycling
- Remarketing & Value Recovery
- Data Destruction/Data Sanitization
- Logistics Management & Reverse Logistics
- Other Services
- On-Site Equipment Audit Solution
- Online Clients’ Portal
IT Asset Disposition Market: By Assets Type Analysis
- Mobile Devices
- Networking Devices
- I/O Devices
- Storage Devices
IT Asset Disposition Market: By Organization Size Analysis
- SOHO & Medium Enterprises
- Large Enterprises
IT Asset Disposition Market: By End-User Analysis
- IT & Telecom
- Educational Institutions
- Media & Entertainment
- Healthcare Industry
- Aerospace & Defense
- Public Sector & Government Offices
- Energy and Utility
- Construction and Real Estate
- Logistics and Transportation
IT Asset Disposition Market: By Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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