IT asset disposition is an instrument designed and practiced to focus on recycling, repurposing, and repairing obsolete IT equipment in a sustainable and environmentally friendly manner. An IT organization can dispose of its IT assets internally or hire an experienced vendor. The internal components of an IT device can be repurposed, preventing them from becoming electronic waste. This aids in preventing waste like plastics and heavy metals from entering the environment.
The rising adoption of bring your own device is a key driver for the growth of IT asset disposition market. Bring your own device (BYOD) is the practice of employees using their personal devices, such as smartphones, tablets, and laptops, for work purposes. This trend has gained popularity in recent years, as it allows employees to work remotely and Increase their productivity. As a result, businesses are Increasingly turning to ITAD service providers to help them manage the secure and responsible disposal of personal devices used for work purposes. In addition, growing awareness of the advantages of cloud-based computing and the growing awareness of environmental protection are major driving factors for the market. However, the lack of comprehensive IT asset disposition policies and unauthorized standards is a major factor for hampering the growth of the market as many businesses do not have a clear understanding of the importance of proper IT asset disposition policies and do not have implemented comprehensive policies for their organization. Without clear policies and standards, there is a risk of Inconsistency in the disposal process, which can lead to Increased risk of data breaches or environmental damage. Contrarily, importance of green IT initiatives to provide lucrative opportunities for the market. As awareness of environmental issues continues to grow, more organizations are looking to implement green IT initiatives. These initiatives can help organizations reduce their carbon footprint, conserve natural resources, and promote sustainable practices, which will provide an opportunity to scale up IT asset disposition market in the forecast period.
The IT asset disposition market is segmented on the basis of services, asset type, enterprise size, and industry vertical. Based on service, the market is segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitation, logistics management and reverse logistics and others. Based on asset type, it is segmented into computers/laptops, servers, mobile devices, storage devices and peripherals. Based on enterprise size, it is segmented into large enterprises and small and medium-sized enterprises. On the basis of industry vertical, it is segmented into BFSI, IT and telecom, education, healthcare, manufacturing, media and entertainment and others. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the IT asset disposition market such as Apto Solutions Inc., CompuCom Systems, Inc., CDW, Hewlett Packard Enterprise Development LP, Ingram Micro Services, Iron Mountain Incorporated, LifeSpan International Inc., Sims Lifecycle Services, TES and UNDUIT LLC. These players have adopted various strategies to Increase their market penetration and strengthen their position in the IT asset disposition market.
The rising adoption of bring your own device is a key driver for the growth of IT asset disposition market. Bring your own device (BYOD) is the practice of employees using their personal devices, such as smartphones, tablets, and laptops, for work purposes. This trend has gained popularity in recent years, as it allows employees to work remotely and Increase their productivity. As a result, businesses are Increasingly turning to ITAD service providers to help them manage the secure and responsible disposal of personal devices used for work purposes. In addition, growing awareness of the advantages of cloud-based computing and the growing awareness of environmental protection are major driving factors for the market. However, the lack of comprehensive IT asset disposition policies and unauthorized standards is a major factor for hampering the growth of the market as many businesses do not have a clear understanding of the importance of proper IT asset disposition policies and do not have implemented comprehensive policies for their organization. Without clear policies and standards, there is a risk of Inconsistency in the disposal process, which can lead to Increased risk of data breaches or environmental damage. Contrarily, importance of green IT initiatives to provide lucrative opportunities for the market. As awareness of environmental issues continues to grow, more organizations are looking to implement green IT initiatives. These initiatives can help organizations reduce their carbon footprint, conserve natural resources, and promote sustainable practices, which will provide an opportunity to scale up IT asset disposition market in the forecast period.
The IT asset disposition market is segmented on the basis of services, asset type, enterprise size, and industry vertical. Based on service, the market is segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitation, logistics management and reverse logistics and others. Based on asset type, it is segmented into computers/laptops, servers, mobile devices, storage devices and peripherals. Based on enterprise size, it is segmented into large enterprises and small and medium-sized enterprises. On the basis of industry vertical, it is segmented into BFSI, IT and telecom, education, healthcare, manufacturing, media and entertainment and others. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the IT asset disposition market such as Apto Solutions Inc., CompuCom Systems, Inc., CDW, Hewlett Packard Enterprise Development LP, Ingram Micro Services, Iron Mountain Incorporated, LifeSpan International Inc., Sims Lifecycle Services, TES and UNDUIT LLC. These players have adopted various strategies to Increase their market penetration and strengthen their position in the IT asset disposition market.
Key benefits for stakeholders
- The study provides in-depth analysis of the global IT asset disposition market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global IT asset disposition market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global IT asset disposition market from 2023 to 2032 is provided to determine the market potential.
Key Market Segments
By Service
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitation
- Logistics Management and Reverse Logistics
- Others
By Asset Type
- Computers and Laptops
- Servers
- Mobile Devices
- Storage Devices
- Others
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry Vertical
- BFSI
- IT and Telecom
- Education
- Healthcare
- Manufacturing
- Media and Entertainment
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Apto Solutions Inc.
- CDW
- CompuCom Systems, Inc.
- Hewlett Packard Enterprise Development LP
- Ingram Micro
- Iron Mountain Incorporated
- LifeSpan International Inc.
- Sims Lifecycle Services
- TES
- UNDUIT LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: IT ASSET DISPOSITION MARKET, BY SERVICE
CHAPTER 5: IT ASSET DISPOSITION MARKET, BY ASSET TYPE
CHAPTER 6: IT ASSET DISPOSITION MARKET, BY ENTERPRISE SIZE
CHAPTER 7: IT ASSET DISPOSITION MARKET, BY INDUSTRY VERTICAL
CHAPTER 8: IT ASSET DISPOSITION MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'IT Asset Disposition Market,' The it asset disposition market was valued at $19.9 billion in 2022, and is estimated to reach $57.4 billion by 2032, growing at a CAGR of 11.5% from 2023 to 2032.The IT Asset Disposition Market is likely to experience a significant growth rate of 12.6% from 2022-2032 owing to increasing market demand for remarketing and value recovery.
IT asset disposition (ITAD) is the process of disposing of end-of-life or surplus IT assets in a secure, environmentally-friendly, and cost-effective manner. IT assets can include hardware components such as computers, servers, printers, and mobile devices, as well as software licenses. ITAD involves several steps, including data destruction to ensure that sensitive information is not accessible after disposal, as well as refurbishment, resale, donation, or recycling of the assets, depending on their condition and value. An IT organization can dispose of its IT assets internally or hire an experienced vendor. The internal components of an IT device can be repurposed, preventing them from becoming electronic waste. This aids in preventing waste like plastics and heavy metals from entering the environment.
Growing awareness of the advantages of cloud-based computing, and consequently, the continued migration from on-premise to cloud-based services is a key driver for the growth of IT asset disposition market. The growing usage of cloud-based technologies is likely to continue to drive demand for ITAD services in the future. As businesses increasingly rely on cloud-based technologies, they will need to ensure that they are securely managing and disposing of their IT assets to protect sensitive information and comply with data protection regulations. This has led to the rise of IT asset disposition. In addition, growing awareness of environmental protection acts as a driver for the IT asset disposition market. As more people become aware of the environmental impact of e-waste and the potential harm it can cause to human health and the environment, there is a greater push for businesses to adopt more sustainable practices, including IT asset disposition (ITAD) services. Furthermore, the rising adoption of bring your own device, such as smartphones, tablets, and laptops, for work purposes. This trend has gained popularity in recent years, as it allows employees to work remotely and increase their productivity. As a result, businesses are increasingly turning to ITAD service providers to help them manage the secure and responsible disposal of personal devices used for work purposes. Thus, this factor drives the growth of the IT asset disposition market size growth. However, the lack of awareness about ITAD solutions acts as a significant restraint on the growth of the IT asset disposition market. Due to a lack of awareness regarding device visibility and governance, businesses are unaware of the risks posed and how they can be mitigated. It is anticipated that organizations’ disposition of IT assets in violation of environmental and government regulations will be a barrier to market expansion. In addition, the lack of comprehensive IT asset disposition policies and unauthorized standards is another restraining factor for the IT asset disposition market. Many businesses do not have a clear understanding of the importance of proper IT asset disposition policies and do not have implemented comprehensive policies for their organization. Without clear policies and standards, there is a risk of inconsistency in the disposal process, which can lead to increased risk of data breaches or environmental damage.
The market also offers growth opportunities to the key players in the market. There has been a significant increase in the awareness about the importance of IT asset disposition among the consumers. Furthermore, as awareness of environmental issues continues to grow, more organizations are looking to implement green IT initiatives. These initiatives can help organizations reduce their carbon footprint, conserve natural resources, and promote sustainable practices. In addition, ITAD service providers can help organizations implement sustainable practices throughout their IT asset lifecycle, from procurement to disposal. This can include providing guidance on the selection of energy-efficient IT assets, reducing e-waste through refurbishment and reuse, and implementing environmentally responsible disposal practices. Therefore, this is likely to provide lucrative growth opportunities for the IT asset disposition market, as companies worldwide adopt environmentally friendly initiatives.
The IT asset disposition market is segmented on the basis of services, asset type, enterprise size, and industry vertical. Based on services, the market is segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitation, logistics management and reverse logistics and others. Based on asset type, it is segmented into computers/laptops, servers, mobile devices, storage devices and peripherals. Based on enterprise size, it is segmented into large enterprises and small and medium-sized enterprises. On the basis of industry vertical, it is segmented into BFSI, IT and telecom, education, healthcare, manufacturing, media and entertainment, government and others. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the study are Apto Solutions Inc., CompuCom Systems, Inc., CDW, Hewlett Packard Enterprise Development LP, Ingram Micro Services, Iron Mountain Incorporated, LifeSpan International Inc., Sims Lifecycle Services, TES and UNDUIT LLC. The players in the market have been actively engaged in the adoption various strategies such as collaboration, product launch, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in February 2022 For instance, in June 2022, Apto Solutions announced the release of its new Environmental Impact Reporting Tool, which provided businesses with real-time data specifically created to support ESG reporting. This announcement was the part of Apto Solutions' efforts to promote innovation in the IT asset disposition (ITAD) sector. The technology, which was an extension of their current proprietary Pulse platform, enabled clients to view the amount of greenhouse gas emissions avoided from reuse and recycling activities using Apto.
Key Market Insights
- By service, the data destruction/data sanitation segment was the highest revenue contributor to the market, and is estimated to reach $13,966.1 million by 2032, with a CAGR of 8.0%. However, the remarketing and value recovery segment is estimated to be the fastest growing segment with the CAGR of 15.7% during the forecast period.
- By asset type, the computers and laptops segment was the highest revenue contributor to the market, and is estimated to reach $17,644.63 million by 2032, with a CAGR of 8.9%. However, the mobile devices segment is estimated to be the fastest growing segment with the CAGR of 15.4% during the forecast period.
- By enterprise size, the large enterprises segment dominated the global market, and is estimated to reach $31,825.82 million by 2032, with a CAGR of 9.8%. However, the small and medium-sized enterprises segment is expected to be the fastest growing segment with the CAGR of 14.0% during the forecast period.
- By industry vertical, the IT and telecom segment dominated the global market, and is estimated to reach $10,925.98 million by 2032, with a CAGR of 7.3%. However, the healthcare segment is expected to be the fastest growing segment with the CAGR of 15.4% during the forecast period.
- Based on region, North America was the highest revenue contributor, accounting for $7,449.42 million in 2022, and is estimated to reach $17,196.44 million by 2032, with a CAGR of 9.0%.
Companies Mentioned
- Apto Solutions Inc.
- CDW
- CompuCom Systems, Inc.
- Hewlett Packard Enterprise Development LP
- Ingram Micro
- Iron Mountain Incorporated
- LifeSpan International Inc.
- Sims Lifecycle Services
- TES
- UNDUIT LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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