The electronics industry worldwide has witnessed high growth over the period of time. With the advent of mobile devices technology, products such as computers, office equipment and other enterprise-oriented products have witnessed sustaining revolution over the period of time. However, over the period of time, it has become essential for business enterprises to manage the aging electronic equipment so as to replace them with the new ones. As improper disposal of electronic devices results into environmental as resource loss, it becomes essential to get rid of such products in a defined way. In order to reduce effect of improper disposal on the environment, various regulations have enforced so as to ensure electronic products are disposed in a defined manner and reaches the desired vendor.
Electronic assets are moved from an enterprise through various disposition processes by handing them over to an IT asset disposition company. After appropriate disposal, the ITAD vendor provides a certificate of destruction having the serial numbers of assets destroyed and recycled. The enterprise then verifies the serial numbers on the certificate of destruction so as to tally the assets they handed over to the ITAD vendor.
The report titled “Global IT Asset Disposition Market – Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global IT asset disposition market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of market segments based on product, service type, industry vertical, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision makers, the report also includes competitive profiling of the leading IT asset disposition service vendors, their business strategy analysis, market positioning and key developments. Some of the major players profiled in the report are Hewlett-Packard (HP) Company, Dell, Inc., CloudBlue Technologies, Inc. Arrow Electronics, Inc., Apto Solutions, Inc., LifeSpan International, Inc., Iron Mountain, Inc., dataserv Group and Sims Recycling among others. Apart from the company profiles, the report includes a section covering the competitive landscape wherein the market positioning of the companies has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:
IT asset disposition market, Based on the product type:
As of 2021, the overall IT asset disposition market worldwide is led by the computers & laptops segment. The segment contributes to nearly one-third of the total market, in terms of revenue. Computers & laptops are the most popular assets observed across nearly all of the industry verticals. This makes them the most potential IT assets requiring effective disposal and recycling. In addition, these are among the IT assets being replaced within a period of less than a decade. As a result, computer & laptops segment have emerged the most profitable segment over the period of time.
The computers & laptops segment is followed by the server equipment and peripherals segment. Apart from computers/laptops, server equipment and related computer peripherals are products required in high volumes across different industry verticals. In the coming years, the server equipment is projected to witness high growth. This is attributed to the rapidly rising adoption of cloud technology across the world.
As of 2021, the overall IT asset disposition market worldwide is led by the North America region. The business enterprises in the region face stringent regulations enforced upon effective disposition of IT assets. In addition, the region enjoys presence of numerous companies operating in the market. This has ensured significant penetration of ITAD services in the region. Europe follows North America, in terms of revenue, of the overall IT asset disposition market.
In the following years, Asia Pacific is poised to emerge as the most lucrative market for IT asset disposition. The region is rapidly becoming IT industry hub due to factors such as cheap labor and availability of skilled resources. Subsequently, IT asset disposition market here is set to exhibit high growth during the forecast period.
IT asset disposition market on the basis of industry vertical:
The global IT asset disposition market is led collectively by the media & entertainment and IT & telecom segments, as of 2021. These are among the industry verticals having the largest IT infrastructure. In addition, due to relatively higher replacement trend, these industry verticals generate the highest volume of IT assets requiring periodic disposal. The IT & telecom segment growth is primarily driven by the consistent rise in the IT industry, post-economic recession in 2008-09. Similarly, media & entertainment is among the industry verticals experiencing promising growth since the past several years. Due to continual advancement in broadcasting and video format technologies, the segment growth is projected to remain strong during the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of IT Asset Disposition (ITAD) market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report