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IT Asset Disposition Market Size, Share, Competitive Landscape and Trend Analysis Report by Service, by Asset Type, by Enterprise Size, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2024-2032

IT Asset Disposition Market Size, Share, Competitive Landscape and Trend...

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IT Asset Disposition Market Size, Share, Competitive Landscape and Trend Analysis Report by Service, by Asset Type, by Enterprise Size, by Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2024-2032
IT Asset Disposition Market Size,...
Report Code
RO9/128/1240

Publish Date
24/Jun/2024

Pages
200
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The global IT asset disposition market revenue was around US$ 22.1 billion in 2023 and is estimated to reach US$ 59.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period from 2024 to 2032.
The process of getting rid of excess or end-of-life IT assets in a way that is economical, eco-friendly, and safe is known as IT asset disposition, or ITAD. Software licenses and hardware parts like PCs, servers, printers, and mobile devices are examples of IT assets. ITAD entails several procedures, such as data erasure to guarantee that private information cannot be accessed after disposal and asset refurbishment, resale, donation, or recycling, contingent upon the asset's worth and condition.
Factors Influencing Market Growth
- The rise in awareness of the advantages of cloud-based computing and the continued migration from on-premise to cloud-based services will increase the demand for IT asset disposition services, thus expanding the market.
- The rise in the adoption of bring-your-own devices in organizations will increase the demand for IT asset disposition services, thus propelling market growth.
- Green IT initiatives have the potential to assist organizations in mitigating their carbon footprint, preserving natural resources, and promoting sustainable practices. As a result, this will increase the demand for IT asset disposition services, thus driving market growth.
- Lack of awareness about ITAD solutions among businesses may hamper market growth.
Impact of COVID-19
COVID-19 positively impacted the market. This is because the speed of development has been the main concern for IT organizations, making effective management of excess equipment necessary. COVID-19's forced shift to remote work meant that businesses had to purchase new IT equipment, which created concerns about how they would handle the increase in electronic or IT asset waste that followed. COVID-19 caused a sharp rise in the demand for IT asset disposal services.
Regional Insights
North America dominated the market in 2023. This is because of the uptake of new technologies, inventive product development, stringent regulations, and environmental consciousness. Additionally, the region's growing number of cloud data centers and the IT industry's boom are anticipated to support the North America IT asset disposal market throughout the forecast period. As businesses become more conscious of the risks connected with data breaches, the market is emphasizing the need for secure and compliant data destruction.
Leading Competitors
- UNDUIT LLC
- LifeSpan International Inc.
- CDW
- CompuCom Systems, Inc.
- Hewlett Packard Enterprise Development LP
- Sims Lifecycle Services
- Ingram Micro
- TES
- Apto Solutions, Inc.
- Iron Mountain Incorporated
- Other Prominent Players

Segmentation Analysis
The global IT asset disposition market segmentation focuses on service, asset type, enterprise size, industry vertical, and region.
Segmentation based on Service
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitation
- Logistics Management and Reverse Logistics
- Others

Segmentation based on Asset Type
- Computers and Laptops
- Servers
- Mobile Devices
- Storage Devices
- Others

Segmentation based on Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises

Segmentation based on Industry Vertical
- BFSI
- IT and Telecom
- Education
- Healthcare
- Manufacturing
- Media and Entertainment
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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