IT Asset Disposition Market Latest Trends [2023-2028] | Global Demand and Forecast Report by IMARC Group

IMARC Group has recently released a new research study titled “IT Asset Disposition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the IT asset disposition market?

The global IT asset disposition market size reached US$ 15.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25 Billion by 2028, exhibiting a growth rate (CAGR) of 8.24% during 2023-2028.

Industry Overview:

IT asset disposition (ITAD) is the systematic process of retiring, recycling, or repurposing outdated or surplus information technology (IT) equipment in a responsible and secure manner. This involves several stages, including the collection, inventory, data sanitization, refurbishment, resale, and recycling or disposal of devices like computers, servers, storage units, and networking hardware.

The primary objective is to ensure that sensitive data is completely removed, and that the hardware is either reused or disposed of in an environmentally friendly way. By adhering to industry standards and regulatory compliance measures, such as GDPR or HIPAA, organizations can mitigate risks related to data breaches and legal liabilities. ITAD not only promotes sustainability but also allows companies to recover some value from their old IT assets.

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Market Trends and Growth Drivers:

The rising focus on sustainability and responsible disposal of electronic waste is encouraging organizations to adopt ITAD practices which represents one of the key factors driving the growth of the market across the globe. Regulations like the Waste Electrical and Electronic Equipment (WEEE) directive also incentivize responsible recycling and disposal. With cyber threats becoming increasingly sophisticated, organizations are taking data security seriously. Proper ITAD practices ensure that data is completely wiped from devices, reducing the risk of data breaches and the resulting legal consequences.

Laws and regulations like the General Data Protection Regulation (GDPR) in Europe and the Health Insurance Portability and Accountability Act (HIPAA) in the United States mandate stringent data protection measures. Compliance with these regulations drives the demand for professional ITAD services. Rapid technological innovations make IT hardware obsolete more quickly, increasing the volume of assets that require disposition which is creating a positive outlook for the market across the globe.

What Is Included In Market Segmentation?

The report has segmented the market into the following categories.

Breakup by Service:

• De-Manufacturing and Recycling
• Remarketing and Value Recovery
• Data Destruction/Data Sanitation
• Logistics Management and Reverse Logistics
• Others

Breakup by Asset Type:

• Computers and Laptops
• Servers
• Mobile Devices
• Storage Devices
• Others

Breakup by Enterprise Size:

• Small and Medium-sized Enterprise
• Large Enterprise

Breakup by Industry Vertical:

• BFSI
• IT and Telecom
• Education
• Healthcare
• Manufacturing
• Media and Entertainment
• Others

•  

Breakup by Region: 

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Who Are The Key Players Operating In The Industry?

• Apto Solutions Inc
• Cascade Asset Management
• CDW Corporation
• CompuCom Systems Inc
• Dell Technologies Inc
• DMD Systems Recovery Inc.
• Ingram Micro
• Iron Mountain Incorporated
• LifeSpan International Inc
• Sims Limited
• TES (SK Ecoplant Co Ltd)

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Key Highlights of the Report:                                                    

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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