Cloud Computing Data Center IT Asset Disposition Global Market Report 2024

The cloud computing data center it asset disposition market size has grown rapidly in recent years. It will grow from $11.57 billion in 2023 to $13.13 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth observed in the historic period can be attributed to several factors, including heightened vendor and technology changes, increased emphasis on environmental sustainability initiatives, a rise in data center migration or relocation activities, and considerations related to end-of-lease or end-of-life equipment management.

The cloud computing data center it asset disposition market size is expected to see rapid growth in the next few years. It will grow to $21.99 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The anticipated growth in the forecast period can be attributed to several factors, including the increasing adoption of cloud migration and hybrid IT solutions, the evolving cybersecurity threat landscape, a focus on cost optimization and ROI, the management of remote workforces and endpoints, and the automation and orchestration of data center operations. Key trends expected in this period encompass the heightened adoption of circular economy principles in asset disposition, the rise of automation and AI-driven solutions, a stronger emphasis on data security and privacy, the expansion of cloud-based disposition solutions, and increased integration with data center lifecycle management processes.

The burgeoning adoption of cloud computing services is poised to act as a driving force behind the expansion of the cloud computing data center IT asset disposition market in the foreseeable future. Cloud computing services entail the provision of computing resources and IT services via the internet, coupled with pay-as-you-go pricing models. This escalating adoption stems from the inherent advantages of cloud computing, including cost-effectiveness, user-friendliness, flexibility, and scalability. Cloud computing revolutionizes IT asset disposition processes by augmenting efficiency, security, scalability, and analytical capabilities, thereby fostering innovation and bolstering competitiveness in the realm of data center IT asset disposition. For example, in December 2023, as per data from Eurostat, cloud computing services were embraced by 45.2% of EU enterprises, indicating a notable uptick of 4.2 percentage points from 2021. This upward trend in cloud adoption serves as a primary driver fueling the growth of the cloud computing data center IT asset disposition market.

Prominent players within the cloud computing data center IT asset disposition landscape are directing their efforts toward developing innovative solutions tailored to meet the escalating demand for secure and efficient disposal of decommissioned IT equipment. Notably, the focus is on establishing IT asset repurposing and processing facilities dedicated to reclaiming value from outdated or decommissioned technology assets. For instance, in March 2024, TES amm, a Singapore-based provider specializing in information technology and services, inaugurated its latest IT asset repurposing and processing facility. This facility is specifically designed to extend the lifecycle of technology assets and data center equipment, with a particular emphasis on hyper-scale and enterprise-grade equipment catering to the specialized needs of the local data center sector. Fully certified, including accreditation to R2v3, a leading certification for responsible electronics recycling, the facility is poised to generate over 100 employment opportunities in the Fredericksburg area. Leveraging advanced technical tools, it ensures the comprehensive forensic removal of data from technological devices, thus contributing to the sustainable management of rare metals and mitigating the environmental impact of electronic waste.

In December 2022, Park Place Technologies, a leading third-party maintenance provider of data center hardware based in the US, finalized the acquisition of CentricsIT for an undisclosed sum. This strategic move is geared towards enhancing Park Place Technologies' offerings, particularly in the realms of IMAC (Install, Move, Add, Change), ITAD (IT Asset Disposition), remote hands, and deployment services. These services encompass a wide range of capabilities, including cabling, Wi-Fi surveys, data center installations and upgrades, as well as network setups. CentricsIT, also US-based, is recognized for its expertise in delivering information technology services, with a specialization in secure cloud computing and IT asset disposition within data center environments.

Major companies operating in the cloud computing data center it asset disposition market are Dell Technologies Inc., HP Development Company L.P., Arrow Electronics Pvt Ltd., Iron Mountain, Sims Recycling Services, Liquid Technology, TES-AMM, McPhersons Resources Ltd., ITRenew's, Atlantix Global Systems, Wisetek Providers Inc., CNET Global Solutions, Hyphen Services Ltd., TechTurn Ltd., Garbageman Ltd., Apto Solutions Ltd., CloudBlue Digital Ltd., HOBI International, Cascade Asset Management LLC, GreenTek Solutions LLC, ServerMonkey LLC, ICT Reverse, Inrego AB.

North America was the largest region in the cloud computing data center it asset disposition market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud computing data center it asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cloud computing data center it asset disposition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Cloud computing data center IT asset disposition involves the systematic management and disposal of outdated or retired hardware and equipment used in cloud data centers. This process ensures responsible handling of retired assets, including secure data wiping, component recycling, and compliance adherence.

The primary services offered in cloud computing data center asset disposition include remarketing, recycling, data destruction, and other related services. Remarketing involves promoting or selling products or services to potential customers who have shown interest but have not made a purchase. Various asset types, including servers, networking equipment, and storage devices, are managed through these services. End-users of these services encompass enterprises, cloud service providers, and colocation providers.

The cloud computing data center information technology asset disposition market research report is one of a series of new reports that provides cloud computing data center information technology asset disposition market statistics, including cloud computing data center information technology asset disposition industry global market size, regional shares, competitors with a cloud computing data center information technology asset disposition market share, detailed cloud computing data center information technology asset disposition market segments, market trends and opportunities, and any further data you may need to thrive in the cloud computing data center information technology asset disposition industry. This cloud computing data center information technology asset disposition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cloud computing data center IT asset disposition market consists of revenues earned by entities by providing services such as data destruction, equipment recycling, remarketing and resale, logistics and transportation, and asset tracking and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The cloud computing data center IT asset disposition market also includes sales of data erasure software, asset management systems, compliance management software, asset valuation tools, and reporting and documentation software. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.