Global IT Asset Disposition (ITAD) Market 2032
Provided By: CMI Consulting LLC
Global IT Asset Disposition (ITAD) Market 2032
Provided By: CMI Consulting LLC
According to Custom Market Insights (CMI), The Global IT Asset Disposition Market size was estimated at USD 14.2 Billion in 2021 and is expected to hit around USD 28.56 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030.
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Overview
IT Asset Disposition Market
IT Asset Disposition Market: Overview
According to Custom Market Insights (CMI), The IT Asset Disposition Market size was estimated at USD 14.2 Billion in 2021 and is expected to hit around USD 28.56 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 7.6% from 2022 to 2030.
IT Asset Disposition (ITAD) is a procedure that allows you to get rid of surplus computer hardware. This can be carried out safely and sustainably. The vendors offer their services to the organizations, assisting them in remarking, recycling, and remarketing various computer equipment. As a result, there are no longer any environmental issues, legal dangers, or needless maintenance and replacement expenditures. To reduce labor expenses, administrative hassles, and storage-related problems, many firms opt to outsource their ITAD operations.
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IT Asset Disposition Market: Growth Drivers
One of the key elements fueling the expansion of the market for the disposal of IT assets is the rising demand for data and information security in outdated assets. The market expansion is accelerated by the implementation of regulatory compliances and environmental safety, which is made possible by the prevalence of legislation that requires secure and ecologically responsible disposal of e-waste. Small and medium-sized businesses’ growing desire for IT asset disposal and their increased propensity to create energy-efficient products impact the industry. Additionally, 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.
Furthermore, during the forecast period of 2022 to 2030, profitable opportunities for market participants are expanded through strategic alliances and acquisitions, as well as a growth in the sales of used equipment on websites that host online auctions or to employees.
Report URL: https://www.custommarketinsights.com/report/it-asset-disposition-market/
IT Asset Disposition Market: Regional Analysis
Due to the introduction of digitization and technological breakthroughs, which have caused the replacement of obsolete infrastructure, Asia Pacific is predicted to witness a CAGR of over 12% throughout the projection period. Given their booming IT marketplaces, nations like Japan, China, and India are among the top providers of ITAD services. According to the United Nations University, India produces over 2 million metric tons of electronic trash each year, of which 82% comes from personal electronics. In India, demand for ITAD services has increased significantly over the past several years to guarantee and manage the safe disposal of the created e-waste.
IT Asset Disposition Market: Recent developments
- 2022: To connect data from Dell’s market-leading enterprise storage portfolio with the Snowflake Data Cloud, Dell Inc., and Snowflake collaborated.
- 2020: CompuCom (US) and Office Depot (US) joined up to offer a range of IT hardware and service options to assist small and mid-sized organizations’ remote workspaces. A variety of services are available to businesses with 50 to 1,500 people, including remote IT assistance, on-site hardware and software repair, and environmentally appropriate disposal of IT equipment.
Key Players:
- Apto Solutions Inc.
- Dell Inc
- Hewlett Packard Enterprise Development
- CompuCom Systems Inc.
- IBM Corporation
- Iron Mountain Incorporated
- LifeSpan Intern International Inc.
- Sims Lifecycle Services Inc.
- Ingram Micro Services
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The IT Asset Disposition Market is segmented as follows:
By Service
- De-Manufacturing & Recycling
- Remarketing & Value Recovery
- Data Destruction/Data Sanitation
- Logistics Management & Reverse Logistics
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))
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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All historical revisions | All future revisions
Name | Type | Data dictionary | AWS Region |
|---|---|---|---|
IT Asset Disposition Market | Not included | US East (N. Virginia) |
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