The IT asset disposition market is estimated to be worth USD 17.4 billion in 2024 and is projected to be valued at USD 36.4 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 7.7%.
The rapid pace of technological innovation leads to shorter product lifecycles, prompting organizations to upgrade their IT assets more frequently. As a result, there is a growing volume of retired IT equipment requiring proper disposal, driving demand for IT asset disposition services.
With the increasing prevalence of data breaches and cyber threats, organizations prioritize the secure disposal of IT assets to prevent data leakage. Strict data protection regulations and compliance requirements further contribute to the demand for secure IT asset disposition solutions.
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Greater awareness of the environmental and data security risks associated with improper IT asset disposal drives organizations to seek professional ITAD services. Education and awareness campaigns about the benefits of proper ITAD further contribute to market growth.
The expansion of IT infrastructure in emerging markets and the proliferation of electronic devices globally contribute to the growing demand for ITAD services. Organizations in these regions require assistance with managing end-of-life IT assets effectively.
Key Takeaways from the Market Report
- From 2019 to 2023, the IT asset disposition market expanded at a CAGR of 5.5%.
- By asset type, servers to account for a market share of 31.2% in 2024.
- IT asset disposition demand in China predicted to rise at a CAGR of 8.2% through 2034.
- In the United States, the IT asset disposition industry is estimated to register a CAGR of 4.5% from 2024 to 2034.
- Germany is projected to expand by a CAGR of 3.4% between 2024 and 2034.
- The IT asset disposition market in Australia is anticipated to record a CAGR of 11.2% during 2034.
“The stringent environmental regulations to mandate proper disposal and recycling of electronic waste and increasing demand from small and medium-sized enterprises (SMEs) are driving the adoption IT asset disposition,” says an FMI analyst.
Competitive Landscape
Market players emphasize environmental sustainability by promoting responsible recycling practices and reducing electronic waste. They invest in eco-friendly disposal methods, such as asset refurbishment, reuse, and recycling, to minimize the environmental impact of IT asset disposal.
Market players continuously invest in technological innovation to enhance their ITAD processes. This includes leveraging automation, artificial intelligence (AI), and machine learning (ML) technologies to improve efficiency, accuracy, and security in asset disposition workflows.
- Apto Solutions facilitates the refurbishment and resale of retired IT assets, helping organizations maximize value recovery and extend the lifecycle of their equipment. They have established channels for remarketing IT assets to secondary markets, enabling clients to recoup value from their surplus equipment.
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Key Players
- Hewlett Packard Enterprise (HPE)
- Dell Technologies
- IBM
- Sims Limited
- Iron Mountain
- CompuCom
- OceanTech
- Prolimax
- Apto Solutions
- LifeSpan International
- Total IT Global
More Valuable Insights Available
Future Market Insights offers an unbiased global market analysis, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities, the industry is segmented based on Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Logistics Management and Reverse Logistics, Others )Asset Type (Computers/Laptops Disposition, Servers Disposition, Mobile devices Disposition, Storage devices Disposition, Peripherals Disposition) Organization Size (SMEs, Large Enterprise) End User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Educational Institutions, Healthcare Industry, Aerospace and Defense, Public Sector and Government Offices, Manufacturing, Media and Entertainment, Other Industries) Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East and Africa).
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Key Segments Covered in the IT Asset Disposition Market Study
By Service:
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitization
- On-Site Data Destruction
- Off-Site Data Destruction
- Logistics Management and Reverse Logistics
- Others
By Asset Type:
- Computers/Laptops Disposition
- Servers Disposition
- Mobile devises Disposition
- Storage devises Disposition
- Peripherals Disposition
- Networking Devices
- I/O Devices
By Organization Size:
- SMEs
- Large Enterprise
By End User:
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Educational Institutions
- Healthcare Industry
- Aerospace and Defense
- Public Sector and Government Offices
- Manufacturing
- Media and Entertainment
- Other Industries
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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