IT Asset Disposition (ITAD) Market Size, Share, Growth Analysis and Forecast 2032

IT Asset Disposition (ITAD) Market Insights

Zion Market Research has published a report on the global IT Asset Disposition (ITAD) Market, estimating its value at USD 17.48 Billion in 2023, with projections indicating that it will reach USD 34.94 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the IT Asset Disposition (ITAD) Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global IT Asset Disposition (ITAD) Market Size

The report offers an assessment and analysis of the IT Asset Disposition (ITAD) Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2022 along with a forecast from 2021 to 2032 based on revenue (USD Billion).

Global IT Asset Disposition (ITAD) Market Synopsis

In Global IT Asset Disposition (ITAD) Market Report, IT asset disposition is the practice of how and at which location to dispose hardware of IT assets. Apart from this, IT asset disposition activities assist in upgradation and getting rid of outdated & non-compatible computer devices for firms. Need for closing down whole or a part of data center as well as disposing off non-useful data center hardware components requires IT asset disposition services. In addition to this, IT asset disposition helps in identifying and disposing or erasing of unrequired data stored in endpoint equipment such as smartphones, tablets, desktops, and laptops. Researchers are of view that firms regularly upgrading their IT devices derive huge benefits as this can help them reduce operating costs.

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Furthermore, ITAD solutions help firms effectively handle IT hardware and data center device requiring remarketing, reuse, repairs, and discarding. Moreover, ITAD services offer data sanitization/cleansing as the former helps in expunging confidential data of firm from end-of-life storage medium of computer hardware.

IT Asset Disposition (ITAD) Market: Growth Factors

IT Asset Disposition (ITAD) Market is set to gain traction over coming years subject to large-scale requirement of ITAD solutions for recycling as well as remarketing of unwanted hardware device along with need for effectively handling supply chain activities that aid data centers.  Apart from this, ITAD service providers’ help in analyzing hardware utilization in data centers and create new solutions for optimizing inventory management along with routing stock outs as well as gaps in supply chain management events for various firms. This, in turn, will translate into humungous growth of IT asset disposition (ITAD) market. Necessity of data security and need for legal compliance will drive IT asset disposition (ITAD) industry trends.

Moreover, need for e-recycling and smelting in IT and electrical & electronics sectors will spur expansion of IT Asset Disposition (ITAD) industry in upcoming years. In addition to this, surge in environmental concerns due to improper disposal of electronic & electrical equipment has culminated in huge demand for IT Asset disposition solutions across various business verticals, thereby driving IT asset disposition (ITAD) industry surge. Moreover, strict laws have been enforced on various firms for appropriate recycling & disposal of electronic devices and this has culminated into lucrative growth for IT Asset Disposition (ITAD) market. Enterprises across globe are focusing on reducing power usage by server equipment through regular upgradation of existing IT infrastructure and IT asset disposition. This will provide a boost to growth of IT Asset Disposition (ITAD) market.  

IT Asset Disposition (ITAD) Market: Report Scope

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Regional Insights

North America To Dominate Regional Market Trends Over 2024-2032

High demand for energy efficient products & services catering to business requirements will drive growth of IT Asset Disposition (ITAD) market in North America. With thriving consumer electronics sector in countries such as the U.S. and Canada, it has become necessary for proper recycling of consumer electronics devices including laptops, desktops, office devices, and handled equipment. This has translated into massive penetration of ITAD services in these countries, thereby contributing substantially towards regional market size.

Competitive Insights

Key players impacting growth of IT asset disposition (ITAD) market and profiled in study are-

• CloudBlue Technologies
• TES (Singapore) Pte Ltd
• Iron Mountain Inc.
• Hewlett-Packard Company
• TBS Industries
• Sims Recycling Solutions
• ITrenew Inc
• Apto Solution
• LifeSpan International Inc
• Arrow Electronics
• IBM
• Dell Inc.

The Global IT Asset Disposition (ITAD) Market is segmented as follows:

Global IT Asset Disposition (ITAD) Market By Asset Type

• Computer/Laptops
• Mobile Devices
• Servers
• Storage Devices
• Peripherals

By Industry Vertical

• BFSI
• IT & Telecom
• Educational Institutions
• Aerospace & Defense
• Public Sector
• Manufacturing
• Media & Entertainment

By Service Type

• De-Manufacturing &  Recycling
• Remarketing & Value Recovery
• Data Sanitization
• Reverse Logistics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa