IT Asset Disposition Market Research Report by IMARC Group
IMARC Group, a leading market research company, has recently released a report titled “IT Asset Disposition Market Report by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitation, Logistics Management and Reverse Logistics, and Others), Asset Type (Computers and Laptops, Servers, Mobile Devices, Storage Devices, and Others), Enterprise Size (Small and Medium-sized Enterprise, Large Enterprise), Industry Vertical (BFSI, IT and Telecom, Education, Healthcare, Manufacturing, Media and Entertainment, and Others), and Region 2023-2028”. The study provides a detailed analysis of the industry, including the market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the IT asset disposition market?
The global IT asset disposition market size reached US$ 15.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25 Billion by 2028, exhibiting a growth rate (CAGR) of 8.24% during 2023-2028.
Industry Overview:
IT asset disposition (ITAD) is the systematic process of retiring, recycling, or repurposing outdated or surplus information technology (IT) equipment in a responsible and secure manner. This involves several stages, including the collection, inventory, data sanitization, refurbishment, resale, and recycling or disposal of devices like computers, servers, storage units, and networking hardware.
The primary objective is to ensure that sensitive data is completely removed, and that the hardware is either reused or disposed of in an environmentally friendly way. By adhering to industry standards and regulatory compliance measures, such as GDPR or HIPAA, organizations can mitigate risks related to data breaches and legal liabilities. ITAD not only promotes sustainability but also allows companies to recover some value from their old IT assets.
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Market Trends and Growth Drivers:
The rising focus on sustainability and responsible disposal of electronic waste is encouraging organizations to adopt ITAD practices which represents one of the key factors driving the growth of the market across the globe. Regulations like the Waste Electrical and Electronic Equipment (WEEE) directive also incentivize responsible recycling and disposal. With cyber threats becoming increasingly sophisticated, organizations are taking data security seriously. Proper ITAD practices ensure that data is completely wiped from devices, reducing the risk of data breaches and the resulting legal consequences.
Laws and regulations like the General Data Protection Regulation (GDPR) in Europe and the Health Insurance Portability and Accountability Act (HIPAA) in the United States mandate stringent data protection measures. Compliance with these regulations drives the demand for professional ITAD services. Rapid technological innovations make IT hardware obsolete more quickly, increasing the volume of assets that require disposition which is creating a positive outlook for the market across the globe.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories.
Breakup by Service:
De-Manufacturing and Recycling
Remarketing and Value Recovery
Data Destruction/Data Sanitation
Logistics Management and Reverse Logistics
Others
Breakup by Asset Type:
Computers and Laptops
Servers
Mobile Devices
Storage Devices
Others
Breakup by Enterprise Size:
Small and Medium-sized Enterprise
Large Enterprise
Breakup by Industry Vertical:
BFSI
IT and Telecom
Education
Healthcare
Manufacturing
Media and Entertainment
Others
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Who Are The Key Players Operating In The Industry?
Apto Solutions Inc
Cascade Asset Management
CDW Corporation
CompuCom Systems Inc
Dell Technologies Inc
DMD Systems Recovery Inc.
Ingram Micro
Iron Mountain Incorporated
LifeSpan International Inc
Sims Limited
TES (SK Ecoplant Co Ltd)
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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