IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region- Global forecast to 2027

IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region- Global forecast to 2027

IT asset disposition market size is valued at USD 15.5billion in 2022and is anticipated to be USD 23.5billion by 2027; growing at a CAGR of 8.7% from 2022 to 2027. The growing demand of factors such as need for data and information security in old assets to grow the market at an estimated rate.

IT asset disposition services are highly useful in destroying confidential or sensitive data such as trade secrets, confidential lists, clients’ names, credit card data, or other potentially high-risk information. The process involves on-site, as well as off-site, sanitizing or wiping service for safe and secure data destruction while preserving the use and functionality of the hard drive. IT asset disposition service providers ensure that the company’s sensitive data is destroyed before it leaves the facility. The provider erases, degausses, or physically shreds the media devices of the company.

Surge in data breaches has forced data center providers to dispose off IT assets before decommissioning

The components of servers include Central Processing Units (CPUs),high-performance RAMs, and one or more hard drives.Recycling a decommissioned server involves taking apart hardware and components, including drives, memory, fans, power supply, and network adapter cards that can be used again. If the chassis or board is too old or too damaged for reuse and resale, it is recycled responsibly with a qualified electronics recycling vendor.

Need to comply with regulatory compliances meant for environment safety

there is a growing awareness among people toward the need to protect the environment. This has led to the growing acceptance of appropriate processes and methods for the disposal of waste. One of the most environmentally harmful components of waste is e-waste, which requires proper care and safety for its appropriate disposal and destruction, creating a demand for IT asset disposition services. Thus, many companies are implementing green technologies as a step toward environmental safety, which is also driving the IT asset disposition market.

The breakup of primaries conducted during the study is depicted below:

By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 –20%

By Designation: C-Level Executives – 35%,Directors – 25%, and Others – 40%

By Region: North America– 44%, Europe – 20%,Asia Pacific– 30%, RoW – 6%

The key players operating in theIT asset dispositionmarketincludefew globally established players such asDell Technologies (US), Hewlett Packard Enterprise (US), IBM (US), Sims Limited (Australia), Iron Mountain (US), 3Step IT(Finland), TES (Singapore), and Apto Solutions (US).

ResearchCoverage

The report segments the IT asset dispositionmarket and forecasts its size based on region (North America, Europe, Asia Pacific, and RoW), Service (De-Manufacturing and Recycling, Remarketing and Value Recovery,Data Destruction/Data Sanitation, Logistics Management and Reverse Logistics, Other Services (On-site Audit solutions and Clients’ Online Portals)), Asset Type(Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Offering (Small and Medium-sized Enterprises, Large Enterprises) and End User (Banking, Financial Services and Insurance (BFSI), IT and Telecom, Education, Healthcare, Aerospace and Defense, Public Sector and Government Ofiices, Manufacturing, Media and Entertainment, Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation)). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the IT asset disposition market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying ThisReport

This report includes market statistics pertaining to theservice,asset type, organization size, end userand region.

Major market drivers, restraints, challenges, and opportunities have been detailed in this report.

Illustrative segmentation, analyses, and forecasts for the market basedon service,asset type, organization size, end user and regionhave been conducted to providean overall view of thetheIT asset disposition market.

The report includes an in-depth analysis and ranking of key players.