IT Asset Disposition (ITAD) Market Size - By Asset type (Computers/Laptops, Smartphones and Tablets, Peripherals, Storages, Servers), Enterprise size (SMEs, Large Enterprises), Industry Vertical, Services & Global Forecast, 2023 - 2032

IT Asset Disposition (ITAD) Market Size - By Asset type (Computers/Laptops, Smartphones and Tablets, Peripherals, Storages, Servers), Enterprise size (SMEs, Large Enterprises), Industry Vertical, Services & Global Forecast, 2023 - 2032

IT Asset Disposition (ITAD) Market size is poised to record over 8% CAGR from 2023-2032, driven by the escalating focus of various organizations on limiting data security and privacy concerns.

Of late, organizations are placing massive efforts to reduce the potential risks of improper disposal of IT assets as data breaches are leading to severe consequences, such as financial and reputational damages. To cite an instance, in September 2022, a major data breach at well-known telecommunications firm Optus, affected nearly 2.1 million customers. The surging need to comply with data protection regulations, including GDPR and HIPAA, is also pushing businesses to seek ITAD services for ensuring secure data erasure and destruction, adding to the market growth.

The overall ITAD industry is segmented based on asset type, services, enterprise size, industry vertical and region.

In terms of services, the market value from the reverse logistics segment is slated to record lucrative expansion through 2032. IT asset disposition through reverse logistics is essential for organizations in recovering, repurposing, and recycling assets whilst managing data security and complying with environmental regulations. The surging focus on securing packaging and transportation to avoid damages and data breaches will also assist in the segment growth.

With respect to asset type, the IT asset disposition market size from the peripherals segment is expected to observe healthy CAGR from 2023-2032. The growth can be attributed to the presence of hazardous materials in peripheral devices along with the surging need for recycling them in an environmentally responsible manner. The adoption of ITAD facilitates secure and efficient process in collecting, transporting, and disposing of peripheral devices. The escalating focus on ensuring compliance with regulations, data security, and responsible environmental practices will also favor the segment growth.

Regionally, Europe ITAD industry size is slated to witness robust growth between 2023 and 2032 due to the rising trend of remote work arrangements and increasing challenges in IT asset management across the region. The growing obligation of businesses to responsibly manage IT assets and data during disposal has led to the presence of stringent regulations related to data protection, and electronic waste, including the Waste Electrical and Electronic Equipment (WEEE) Directive. The rapid growth of data centers will also promote the regional industry development.