Global IT Asset Disposition Market, By Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Logistics Management and Reverse Logistics, Others), Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium Enterprises, Large Enterprises), End User (Banking, Financial Services, and Insurance (BFSI), IT & Telecom, Educational Institutions, Healthcare Industry, Media & Entertainment, Aerospace and Defense, Public Sector and Government Offices, Manufacturing, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global IT Asset Disposition Market
The IT asset disposition market is expected to witness market growth at a rate of 8.18% in the forecast period of 2021 to 2028. Data Bridge Market Research report on IT asset disposition market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand from various industry verticals is escalating the growth of IT asset disposition market.
IT asset disposition refers to a process in which obsolete or unwanted equipment is generally disposed in a safe and ecologically-responsible manner. IT businesses possess a very high replacement cycle of IT equipment, and ITAD suppliers are specialized in streamlining IT asset disposal, as well as declining expenses and maximizing loss recovery. Businesses tend to possess a heavy IT equipment replacement cycle.
The increase in need for data and information security in old assets acts as one of the major factors driving the growth of IT asset disposition market. The prevalence of regulations that mandate secure and environmentally compliant disposal of e-waste is contributing, and implementation of regulatory compliances and environment safety accelerate the market growth. The rise in demand for IT asset disposition from small and medium-sized enterprises, and increase in inclination toward development of energy-efficient products further influence the market. Additionally, increase in investments, expansion of end use industries, adoption of cloud-based technologies and use of new technologies and BYOD trend positively affect the IT asset disposition market. Furthermore, strategic partnerships and acquisitions, and increase in sales of old equipment on auction websites or to employees extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of comprehensive IT asset disposition policies and unauthorized standards and unsustainable practices are expected to obstruct the market growth. Low awareness and high service costs are projected to challenge the IT asset disposition market in the forecast period of 2021-2028.
This IT asset disposition market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on IT asset disposition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global IT Asset Disposition Market Scope and Market Size
The IT asset disposition market is segmented on the basis of service, asset type, organization size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the IT asset disposition market is segmented into de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitization, logistics management and reverse logistics and others. Data destruction/data sanitization is further segmented into on-site data destruction and off-site data destruction. Other service is further segmented into on-site equipment audit solution and online client’s portal.
- On the basis of asset type, the IT asset disposition market is segmented into computers/laptops, servers, mobile devices, storage devices and peripherals. Peripherals are further segmented into networking devices and I/O devices.
- On the basis of organization size, the IT asset disposition market is segmented into small and medium enterprises, and large enterprises.
- On the basis of end user, the IT asset disposition market is segmented into banking, financial services, and insurance (BFSI), IT & telecom, educational institutions, healthcare industry, media & entertainment, aerospace and defense, public sector and government offices, manufacturing and others. Others are further segmented into energy and utility, construction and real estate and logistics and transportation.
IT Asset Disposition Market Country Level Analysis
The IT asset disposition market is analyzed and market size, volume information is provided by country, service, asset type, organization size and end user as referenced above.
The countries covered in the IT asset disposition market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the IT asset disposition market due to the presence of a booming IT market and rising number of cloud data centers within the region. Asia-Pacific is expected to witness highest growth during the forecast period of 2021 to 2028 because of the advent of digitalization and technology advancements, and replacement of older infrastructure in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and IT Asset Disposition Market Share Analysis
The IT asset disposition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to IT asset disposition market.
The major players covered in the IT asset disposition market report are Hewlett Packard Enterprise Development LP, IBM Corporation, Iron Mountain Incorporated, Apto Solution, Inc., TBS Industries Inc., ITRenew Inc., TES (Singapore) Pte Ltd., Lifespan International Inc., Ingram Micro, Inc., Arrow Electronics, Inc., Dell Inc., and SIMS Recycling Solutions,Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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