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IT asset disposition (ITAD) is the systematic process of retiring, recycling, or repurposing outdated or surplus information technology (IT) equipment in a responsible and secure manner.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:

Breakup by Asset Type:

Breakup by Enterprise Size:

Breakup by Industry Vertical:

Breakup by Region: 

Who Are The Key Players Operating In The Industry?

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Key Highlights of the Report:                                                

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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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