Global IT Asset Disposition Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global It Asset Disposition Market” is an upcoming report by MarketResearch.biz. The global IT asset disposition market segmentation allows for deeper understanding and thought, to decisively assess, study, and analyze. The study and analysis will be conducted using expert opinions and inputs, as well as comprehensive primary and secondary research efforts to determine various aspects of the IT asset disposition market. Besides revenues for segments, global, regional, and country-wise market revenue segmentation will be compiled in a scrupulous manner for clear flow and understanding. The global IT asset disposition market report will be segmented on the basis of type outlook, end-use, and region.
IT asset disposition (ITAD) is a business built around disposing of unwanted or obsolete equipment in an ecologically-responsible and safe manner. The ITAD vendors specialize in the process of streamlining the disposition of IT assets while maximizing the recouping of losses and minimizing costs.
The surge in the demand for consumer electronics paired with a rising awareness with respect to the need to efficiently disposition IT assets, is what is steering the adoption of ITAD services.
Moreover, the continuing shift towards services that are cloud-based has effectuated the obsolescence of IT infrastructure/hardware, and, this in return has created bountiful opportunities for the global IT asset disposition market.
According to a study on global e-waste carried out by the International Telecommunication Union (ITU) in 2017, e-waste generation is projected to rise to 52.2 metric tonnes in 2021 from 44.7 metric tonnes in 2014.
These high amounts of e-waste will certainly have negative impacts on the environment. As part of CSR initiatives by several companies from around the world, the recovery, recycling and disposing of e-waste in a safe manner is expected to significantly drive the global IT asset disposition market.
A few challenges that may pose a threat to the growth of this market are – high capital investment and the fundamental certifications for new market entrants to gain recognition, and data security concerns while these assets are being dispositioned.
In terms of asset type, the market is segmented into – computer/laptops, smartphones & tablets, peripherals, storages, servers, and others. The computer/laptop segment accounted for the most prominent revenue share of the global IT asset disposition market in 2018 and is expected to grow significantly over the forecasted period. Contrastingly, the smartphones & tablets segment is expected to expand exponentially over the duration of this study. And, with mobile penetration slated to increase over the foreseeable future, as will the need for respective disposition services.
With regard to the end-use of the market, IT asset disposition services are implemented across various industry verticals like – BFSI, government, IT & telecom, healthcare, energy & utilities, as well as media & entertainment. The media & entertainment segment is anticipated to experience significant growth over the forecast period, as is the IT and telecom sectors.
The Asia Pacific market is expected to index a higher CAGR over the forecasted period due to technological advancements and the advent of digitization. Owing to the thriving IT markets in these countries, China, Japan and India are leaders in ITAD services.
The market in North America also accounted for a sizable portion of the global IT asset disposition market in 2018. This can be attributed to a rise in the number of cloud data centers and a booming IT market presence in the region.
Global IT Asset Disposition Market Segmentation:
Global IT Asset Disposition Market Segmentation, by type outlook:
- Smartphones and Tablets
Global IT Asset Disposition Market Segmentation, by end-use:
- IT & Telecom
- Energy and Utilities
- Media and Entertainment
Global IT Asset Disposition Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Apto Solutions Inc.
- Iron Mountain Incorporated
- CloudBlue Technologies Inc.
- Dataserv Group
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- ITRenew Inc.
- TES-AMM Pte Ltd.
- LifeSpan International
- Sims Recycling Ltd
- TBS Industries
- Ingram Micro.
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