The global IT asset disposition market size is projected to be USD 54,535.4 million by 2030. The market is expected to exhibit a CAGR of 13.3% from 2023 to 2030. The growth of the ITAD market can be attributed to the increasing e-waste and the rising requirement for recycling in consideration of sustainability and a green planet.
For instance, according to the Indian Ministry of Electronics and Information Technology, India generated 3.2 million tonnes of electronic waste in 2019, and only 10% of e-waste was taken up for recycling. Such an alarming figure has resulted in the demand for ITAD solutions, thereby driving the market’s growth.
Various companies have been coming up with ITAD solutions with enhanced capabilities, which can serve multiple industries. Moreover, companies operating in the ITAD market have also been involved in various strategic initiatives and R&D, among others, to improve their share in the ITAD market. For instance, in January 2023, ERI announced that it had become 100% carbon neutral for all its operational emissions across the U.S.
The company achieved this by implementing carbon-reducing measures such as energy-efficient lighting, using zero-emission vehicles, fleet management, and using electric forklifts, among others. 100% Carbon neutrality would help the company better position in the ITAD market, which would thereby help in driving the growth of the ITAD market over the forecast period.
Cloud transition is another significant aspect that has been pivotal in driving the growth of the IT asset disposition industry over the forecast period. Cloud migration's benefits include increased flexibility and agility, reduced costs, enhanced cybersecurity, simplified management, and disaster recovery. All these attributes have made it a go-to area for businesses operating in various industries.
Moreover, the presence of ITAD solution providers in the market who are equipped to assist in cloud migration services and ITAD has been a significant boost to the growth of the IT asset disposition industry. For instance, Apto Solutions Inc. offers cloud migration services, in which the company handles the existing hardware for carrying out the following operations.
Post carrying out these operations, the company either sells or recycles the hardware component. The presence of companies that offers a total solution, as in the case of Apto Solutions Inc., has been a significant boon to the growth of the IT asset disposition industry.
For instance, according to the Indian Ministry of Electronics and Information Technology, India generated 3.2 million tonnes of electronic waste in 2019, and only 10% of e-waste was taken up for recycling. Such an alarming figure has resulted in the demand for ITAD solutions, thereby driving the market’s growth.
Various companies have been coming up with ITAD solutions with enhanced capabilities, which can serve multiple industries. Moreover, companies operating in the ITAD market have also been involved in various strategic initiatives and R&D, among others, to improve their share in the ITAD market. For instance, in January 2023, ERI announced that it had become 100% carbon neutral for all its operational emissions across the U.S.
The company achieved this by implementing carbon-reducing measures such as energy-efficient lighting, using zero-emission vehicles, fleet management, and using electric forklifts, among others. 100% Carbon neutrality would help the company better position in the ITAD market, which would thereby help in driving the growth of the ITAD market over the forecast period.
Cloud transition is another significant aspect that has been pivotal in driving the growth of the IT asset disposition industry over the forecast period. Cloud migration's benefits include increased flexibility and agility, reduced costs, enhanced cybersecurity, simplified management, and disaster recovery. All these attributes have made it a go-to area for businesses operating in various industries.
Moreover, the presence of ITAD solution providers in the market who are equipped to assist in cloud migration services and ITAD has been a significant boost to the growth of the IT asset disposition industry. For instance, Apto Solutions Inc. offers cloud migration services, in which the company handles the existing hardware for carrying out the following operations.
- Data destruction
- Asset inventory
- Logistics to one of the company’s certified facilities
Post carrying out these operations, the company either sells or recycles the hardware component. The presence of companies that offers a total solution, as in the case of Apto Solutions Inc., has been a significant boon to the growth of the IT asset disposition industry.
IT Asset Disposition Market Report Highlights
- The computers/laptops segment is expected to occupy the largest revenue share by asset type in 2030. The growth can be attributed to digitalization, especially in low-income countries, and rising internet users, among others
- The smartphone segment is expected to witness the highest CAGR by asset type during the forecast period. The growth can be attributed to increased smartphone sales, increasing internet penetration, and smartphones coming up with enhanced smartphones quite often, among others
- The IT & telecom industry is expected to occupy the largest share of the market in terms of end-use by 2030, owing to an increase in internet users, adoption of 5G technology, and increased demand for connectivity worldwide, among others
- Asia Pacific is projected to witness the highest CAGR from 2023 to 2030. The region is home to some tech giants such as Samsung, Sony Corporation, and LG electronics, among others. Moreover, the increasing digitalization in countries such as Indonesia, Vietnam, and Bangladesh is another factor contributing to the growth of the Asia Pacific region
- Global players include Apto Solutions Inc.; Dell Inc.; IBM Corporation; and Iron Mountain. These major players are embracing organic and inorganic growth strategies, which include product innovation, investments in R&D, and M&A activities to acquire a larger industry share
Table of Contents
Chapter 1. Methodology and Scope1.1. Methodology Segmentation & Scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. internal database
1.2.3. Secondary sources & third - party perspectives
1.2.4. Primary research
1.3. Information analysis
1.3.1. Data analysis models
1.4. Market formulation & data visualization
1.5. Data validation & publishing
Chapter 2. Executive Summary
2.1. IT Asset Disposition Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
2.2. IT Asset Disposition Market, 2018 - 2030 (USD Million)
2.2.1. IT Asset Disposition Market, By Asset Type, 2018 - 2030 (USD Million)
2.2.2. IT Asset Disposition Market, By End - use, 2018 - 2030 (USD Million)
Chapter 3. IT Asset Disposition Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.2. IT Asset Disposition Market Variable Analysis
3.2.1. Market Driver Analysis
3.2.2. Market Restraint/Challenges Analysis
3.3. Value Chain Analysis
3.4. Market Analysis Tools
3.4.1. Market Driver Analysis
3.4.2. Market Restraint/Challenge Analysis
3.4.3. Market Opportunity Analysis
3.5. Business Environment Analysis Tools
3.5.1. IT Asset Disposition Industry Analysis - Porter's Five Forces Analysis
3.5.2. IT Asset Disposition Industry Analysis PEST Analysis
3.6. Impact of COVID on the IT Asset Disposition Market
Chapter 4. IT Asset Disposition Market Asset Type Outlook
4.1. IT Asset Disposition market Share by Asset Type, 2022 & 2030 (USD Million)
4.2. Computers/Laptops
4.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
4.2.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
4.3. Smartphones and Tablets
4.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.3.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
4.4. Peripherals
4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.4.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
4.5. Storages
4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.5.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
4.6. Servers
4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.6.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
4.7. Others
4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
4.7.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Chapter 5. IT Asset Disposition Market End - use Outlook
5.1. IT Asset Disposition market Share by End - use, 2022 & 2030 (USD Million)
5.2. BFSI
5.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.2.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.3. IT & Telecom
5.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.3.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.4. Government
5.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.5. Energy and Utilities
5.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.6. Healthcare
5.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.7. Media and Entertainment
5.7.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.7.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
5.8. Others
5.8.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
5.8.2. Market Size Estimates and Forecasts by Region, 2018 - 2030 (USD Million)
Chapter 6. IT Asset Disposition Market: Regional Outlook
6.1. IT Asset Disposition Market Share by Region, 2022 & 2030 (USD Million)
6.2. North America
6.2.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.2. Market Size Estimates and Forecasts by Asset Type, 2018 - 2030 (USD Million)
6.2.3. Market Size Estimates and Forecasts by End - use, 2018 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.2.4.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.2.4.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.2.5.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.2.5.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. Market Size Estimates and Forecasts by Asset Type, 2018 - 2030 (USD Million)
6.3.3. Market Size Estimates and Forecasts by End - use, 2018 - 2030 (USD Million)
6.3.4. Germany
6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.4.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.3.4.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.3.5. U.K.
6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.5.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.3.5.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.3.6. France
6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.6.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.3.6.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.3.7. Rest of Europe
6.3.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.3.7.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.3.7.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.2. Market Size Estimates and Forecasts by Asset Type, 2018 - 2030 (USD Million)
6.4.3. Market Size Estimates and Forecasts by End - use, 2018 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.4.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.4.4.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.5.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.4.5.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.6.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.4.6.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.4.7. Singapore
6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.7.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.4.7.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.4.8. Rest of Asia Pacific
6.4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.4.8.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.4.8.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.2. Market Size Estimates and Forecasts by Asset Type, 2018 - 2030 (USD Million)
6.5.3. Market Size Estimates and Forecasts by End - use, 2018 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.4.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.5.4.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.5.5. Mexico
6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.5.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.5.5.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.5.6. Rest of Latin America
6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.5.6.2. Market Estimates and Forecast by Asset Type, 2018 - 2030 (USD Million)
6.5.6.3. Market Estimates and Forecast by End - use, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market Size Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.2. Market Size Estimates and Forecasts by Asset Type, 2018 - 2030 (USD Million)
6.6.3. Market Size Estimates and Forecasts by End - use, 2018 - 2030 (USD Million)
Chapter 7. Competitive Analysis
7.1. Company Categorization (Mature Players, Emerging Players)
7.2. Company Ranking Analysis, 2022
7.3. Strategy Mapping
7.4. Company Profiles (Overview, Financial Performance, Product Overview, Strategic Initiatives)
7.4.1. Apto Solutions Inc.
7.4.2. CompuCom Systems, Inc.
7.4.3. Dell Inc.
7.4.4. Hewlett Packard Enterprise Development LP
7.4.5. IBM Corporation
7.4.6. Ingram Micro Services
7.4.7. Iron Mountain
7.4.8. ITRenew
7.4.9. LifeSpan International Inc.
7.4.10. Sims Lifecycle Services, Inc.
List of Tables
Table 1 List of Abbreviations
Table 2 Global IT asset disposition market, 2018 - 2030 (USD Million)
Table 3 Global IT asset disposition market, by region, 2018 - 2030 (USD Million)
Table 4 Global IT asset disposition market, by asset type, 2018 - 2030 (USD Million)
Table 5 Global IT asset disposition market, by end - use, 2018 - 2030 (USD Million)
Table 6 Global computers/laptops market by region, 2018 - 2030 (USD Million)
Table 7 Global smartphones and tablets market by region, 2018 - 2030 (USD Million)
Table 8 Global peripherals market by region, 2018 - 2030 (USD Million)
Table 9 Global storages market by region, 2018 - 2030 (USD Million)
Table 10 Global servers market by region, 2018 - 2030 (USD Million)
Table 11 Global others market by region, 2018 - 2030 (USD Million)
Table 12 Global BFSI market by region, 2018 - 2030 (USD Million)
Table 13 Global IT & Telecom market by region, 2018 - 2030 (USD Million)
Table 14 Global government market by region, 2018 - 2030 (USD Million)
Table 15 Global energy and utilities market by region, 2018 - 2030 (USD Million)
Table 16 Global healthcare market by region, 2018 - 2030 (USD Million)
Table 17 Global media and entertainment market by region, 2018 - 2030 (USD Million)
Table 18 Global others market by region, 2018 - 2030 (USD Million)
Table 19 North America IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 20 North America IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 21 U.S. IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 22 U.S. IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 23 Canada IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 24 Canada IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 25 Europe IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 26 Europe IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 27 Germany IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 28 Germany IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 29 U.K. IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 30 U.K. IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 31 France IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 32 France IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 33 Italy IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 34 Italy IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 35 Spain IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 36 Spain IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 37 Asia Pacific IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 38 Asia Pacific IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 39 China IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 40 China IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 41 India IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 42 India IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 43 Japan IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 44 Japan IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 45 Singapore IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 46 Singapore IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 47 South Korea IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 48 South Korea IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 49 Brazil IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 50 Brazil IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 51 Argentina IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 52 Argentina IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 53 Middle East & Africa IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 54 Middle East & Africa IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 55 UAE IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 56 UAE IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 57 Saudi Arabia IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 58 Saudi Arabia IT asset disposition market, by End - use 2018 - 2030 (USD Million)
Table 59 South Africa IT asset disposition market, by Asset Type 2018 - 2030 (USD Million)
Table 60 South Africa IT asset disposition market, by End - use 2018 - 2030 (USD Million)
List of Figures
Fig. 1 IT Asset Disposition market segmentation
Fig. 2 Methodology
Fig. 3 Primary Research Pattern
Fig. 4 Information Analysis
Fig. 5 Data Analysis Model
Fig. 6 Data Validation & Publishing
Fig. 7 IT Asset Disposition Market: Market Snapshot
Fig. 8 IT Asset Disposition Market Penetration and Growth Prospects Mapping
Fig. 9 IT Asset Disposition Market: Value Chain Analysis
Fig. 10 Market Driver Analysis
Fig. 11 Market Restraint Analysis
Fig. 12 Market Challenge Analysis
Fig. 13 IT Asset Disposition Market: Porter’s Five Forces Analysis
Fig. 14 IT Asset Disposition Market: PEST Analysis
Fig. 15 IT Asset Disposition Market Analysis: Segment Analysis
Fig. 16 IT Asset Disposition Market Analysis: Asset Type Segment Analysis
Fig. 17 IT Asset Disposition Market Analysis: End-use Segment Analysis
Companies Mentioned
- Apto Solutions Inc.
- CompuCom Systems, Inc.
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- IBM Corporation
- Ingram Micro Services
- Iron Mountain
- ITRenew
- LifeSpan International Inc.
- Sims Lifecycle Services, Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 20513 Million |
| Forecasted Market Value ( USD | $ 54535.4 Million |
| Compound Annual Growth Rate | 13.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
