IT Asset Disposition Market
IT Asset Disposition Market By Asset Type (Peripherals, Storage Devices & Others), By Service (De-Manufacturing and Recycling, Remarketing and Value Recovery & Other), By Organization Size, By End-use Industry & By Region - Global Market Insights 2021 to 2031
Analysis of IT Asset Disposition Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
IT Asset Disposition Market to Witness Strong Growth Rate of 8% - 10%
The global IT asset disposition (ITAD) market is set to witness high growth during 2021-2031. Demand for disposition if IT equipment will witness steady recovery in short-term, with noteworthy growth outlook in the long-run. The increasing consumer awareness concerning the need for proficient disposition of IT assets, coupled with ever-growing demand for consumer electronics, is boosting the adoption of ITAD services.
What is Driving Demand for IT Asset Disposition?
The IT asset disposition demand has been observing noteworthy growth through the past few years, primarily owing to rising concerns about conserving the environment, prevention of data breaches, and regulatory compliances. The sales is further driven by the need for appropriate e-waste disposition methods, environmental policies to be followed by industries, and the huge amount of e-waste generated. Moreover, the increasing adoption of BYOD trend backed by innovative technologies is anticipated to significantly flourish the IT asset disposition demand in the near future.
The manufacturers focus is on launching products that are efficient in terms of energy. Their strategies include driving factors like product launch and development. In this way, they are catering to the needs of the customers, as well as, providing a good competitive edge in the sales. Furthermore, they are also playing a major part in spreading the required awareness and information amongst the businesses and customers about the need to dispose off the computer equipment post use.
Rising Environmental Safety Concerns and Implementation of Regulatory Compliances
Due to various regulatory compliances such as HIPAA/HITECH and NIST, companies are obliged to continuously re-evaluate their procedures for management of expired IT equipment. Most of the potential players do not have the robust position necessary to comply with the implementation of these regulations.
In addition, lack of a secure and well-organized plan for disposing off worned-out IT equipment can create several issues, such as identification of fraud and theft. Hence, a variety of state and federal environmental and privacy regulations govern the appropriate disposition of computers and electronics, and failure to do so can result in major fines or penalties and audits.
Moreover, the rising awareness among people for environmental safety across the globe has led to increasing acceptance of suitable methods and processes for the disposal of IT waste
US IT Asset Disposition Growth Outlook
US IT asset disposition sales is estimated to register a high growth rate backed by the introduction of technological advancements and digitalization, leading to the replacement of old equipment. Additionally, in order to manage and ensure the safe disposition of the e-waste generated, demand for ITAD has propelled in the US, over the last few years.
US to account for the largest share of the ITAD usage during the forecast period. The adoption of new technologies, product innovation, high regulatory standards, and awareness of the conservation of the environment are the factors driving the growth of the US IT asset disposition market
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High Demand of IT Asset Disposition across Europe
In Europe, companies are spending more time on IT asset disposition strategies in compliance with the legislations like the data security legislation, Waste Electrical and Electronic Equipment Directive (WEEE), and the General Data Protection Regulation (GDPR). Further, organizations are constantly investing in new technologies in order to keep up with dynamic technological advancements. These strategies help organizations identify cost saving methods while remaining current. In addition, many states are implementing regulations on how to dispose of IT hardware and related equipment.
Thus, Europe is projected to account for the second-largest share of the IT asset disposition services during the forecast period after North America. Germany and UK are major demand-generating countries for IT asset disposition services in this region.
Who are the Key Players in IT Asset Disposition Market?
The vendors offer numerous services such as decommissioning, data destruction, remarketing, recycling, and redeployment of retired IT hardware and equipment. Major players involved in the global IT asset disposition scenario include Dell, Inc., TES-AMM Singapore Pte Ltd., Lifespan International Inc., ICT Reverse, 3stepIT, Apto Solutions, Brocent Asia Cloud Service Pte. Ltd., Atlantix Global Systems, ITRenew Inc., among others.
Most of the vendors are aiming to obtaining various certifications related to IT asset disposition such as Responsible Recycling (R2) among other higher certifications in order to establish themselves and get recognition in the market. Some businesses opt for services from IT asset disposition vendors while others have chosen to create their own service lines to deal with the used equipment.
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IT Asset Disposition Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
By Asset Type
- Computers/Laptops
- Smartphones and Tablets
- Peripherals
- Storage Devices
- Servers
- Others
By Service
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitization
- Logistics Management and Reverse Logistics
- Other
By Organization Size
- Small and Medium-sized Enterprises
- Large Enterprises
By End-use Industry
- BFSI
- IT & Telecom
- Government
- Energy and Utilities
- Healthcare
- Media and Entertainment
- Others
By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East and Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Asset Type 6.2. Service 6.3. Organization Size 6.4. End-Use Industry 7. Global Market Analysis and Forecast, By Asset Type 7.1. Computers/Laptops 7.2. Smartphones and Tablets 7.3. Peripherals 7.4. Storage Devices 7.5. Servers 7.6. Others 8. Global Market Analysis and Forecast, By Service 8.1. De-Manufacturing and Recycling 8.2. Remarketing and Value Recovery 8.3. Data Destruction/Data Sanitization 8.4. Logistics Management and Reverse Logistics 8.5. Other 9. Global Market Analysis and Forecast, By Organization Size 9.1. Small and Medium-sized Enterprises 9.2. Large Enterprises 10. Global Market Analysis and Forecast, By End-Use Industry 10.1. BFSI 10.2. IT & Telecom 10.3. Government 10.4. Energy and Utilities 10.5. Healthcare 10.6. Media and Entertainment 10.7. Others 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Asset Type, Service, Organization Size, and End-Use Industry for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Dell, Inc. 21.2. TES-AMM Singapore Pte Ltd. 21.3. Lifespan International Inc. 21.4. ICT Reverse 21.5. 3stepIT 21.6. Apto Solutions 21.7. Brocent Asia Cloud Service Pte. Ltd. 21.8. Atlantix Global Systems 21.9. ITRenew Inc.
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List Of Table
Table 01: Global Market US$ Mn Forecast by Region
Table 02: Global Market US$ Mn Forecast by Asset Type
Table 03: Global Market US$ Mn Forecast by Service
Table 04: Global Market US$ Mn Forecast by Organization Size
Table 05: Global Market US$ Mn Forecast by End-Use Industry
Table 06: North America Market US$ Mn Forecast by Country
Table 07: North America Market US$ Mn Forecast by Asset Type
Table 08: North America Market US$ Mn Forecast by Service
Table 09: North America Market US$ Mn Forecast by Organization Size
Table 10: North America Market US$ Mn Forecast by End-Use Industry
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Asset Type
Table 13: Latin America Market US$ Mn Forecast by Service
Table 14: Latin America Market US$ Mn Forecast by Organization Size
Table 15: Latin America Market US$ Mn Forecast by End-Use Industry
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Asset Type
Table 18: Western Europe Market US$ Mn Forecast by Service
Table 19: Western Europe Market US$ Mn Forecast by Organization Size
Table 20: Western Europe Market US$ Mn Forecast by End-Use Industry
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Asset Type
Table 23: Eastern Europe Market US$ Mn Forecast by Service
Table 24: Eastern Europe Market US$ Mn Forecast by Organization Size
Table 25: Eastern Europe Market US$ Mn Forecast by End-Use Industry
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Asset Type
Table 28: East Asia Market US$ Mn Forecast by Service
Table 29: East Asia Market US$ Mn Forecast by Organization Size
Table 30: East Asia Market US$ Mn Forecast by End-Use Industry
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Asset Type
Table 33: South Asia & Pacific Market US$ Mn Forecast by Service
Table 34: South Asia & Pacific Market US$ Mn Forecast by Organization Size
Table 35: South Asia & Pacific Market US$ Mn Forecast by End-Use Industry
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Asset Type
Table 38: MEA Market US$ Mn Forecast by Service
Table 39: MEA Market US$ Mn Forecast by Organization Size
Table 40: MEA Market US$ Mn Forecast by End-Use Industry
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List Of Figures
Figure 01: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 02: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 03: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 04: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 05: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 06: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 07: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 08: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 09: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Asset Type
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Service
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Organization Size
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by End-Use Industry
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the IT asset disposition market at present?
Currently, the IT asset disposition market holds a value of US$ 15.6 billion.
Why should IT asset disposition providers target Asia Pacific?
Implementation of stringent regulatory norms to ensure the proper disposal of IT assets is expected to create new opportunities in APAC.
Where is the market valuation expected to be by 2031?
By 2031, demand for IT asset disposition is estimated to rake in a valuation of US$ 31.8 billion.
IT Asset Disposition Market