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Market Research Report

Global IT Asset Disposition Market is Expected to reach US$ 31.8 Billion in 2027

Report Summary

Post Covid-19 It Asset Disposition Market is anticipated to reach US$ 15.6 Billion in 2022 to US$ 31.8 Billion in 2027 and it is expected to grow at a CAGR of 7.4% during the forecast period.

IT asset disposition (ITAD) is the process of disposing of unwanted electronic equipment in a responsible manner. Various proper IT asset disposition programs enable organizations to mitigate risks associated with the data stored in assets, minimize cost, and maximize value recovery from old assets. Many third- party IT asset disposition service vendors help organizations manage the retirement, remarketing, and recycling of assets to avoid legal risks, environmental concerns, and unnecessary costs. The IT asset disposition market has been witnessing significant growth over the years, mainly due to the high adoption of IT asset disposition services in various industries to ensure proper disposal of assets. The evolution in technologies such as cloud computing, big data analytics, Internet of Things (IoT), and the changing IT landscape have contributed to the increase in e-waste. Thus, IT asset disposition is being adopted by many companies to minimize environmental impact and risk of data loss, by following regulatory standards and environmental policies.

Competition analysis

Global IT Asset Disposition market players are defending and expanding their respective market share with a focus on mergers and acquisitions, joint ventures, and strategic partnerships. Some of the key players profiled in the study are

• Hewlett Packard Enterprise (HPE) (US)
• Dell Technologies (US)
• IBM (US)
• Sims Limited (US)
• Iron Mountain (US)
• CompuCom(US)
• 3stepIT (Finland)
• TES (Singapore)
• Apto Solutions (US)
• LifeSpan International (US)

Recent developments

  • 2019 saw many technological advances and innovations that have played a major role in improving energy-efficient products.
  • ITAD services are gaining more momentum and are widely used in applications.
  • Porter’s five forces analysis assists suppliers, industries, competitors and potential entrants in providing important information and awareness pertaining to the disposal market.
  • In the coming future, there are many innovations and investment opportunities driving the growth of the market size by the end of the forecast year 2025.
  • Advances as well as technological innovations are set to optimize the market in the future.
  • Government policies that comply with market dynamics are developing and consolidating to provide better supply chain management and competitiveness globally.
  • In November 2020, Sims Lifecycle Services partnered with the Dutch Data Center Association to become a high-quality provider of data center services. This partnership strengthened the economic growth and presence of the data center sector within the European region.
  • In October 2020, Sims Lifecycle Services worked with local schools and educational institutions in Poland to provide used IT equipment. During these unprecedented times, many schools have adopted distance learning programs that require all students to learn using a computer or laptop, disrupting the availability of computing devices. Device, a trademark of Sims Lifecycle Services in Poland, is helping to bridge the gap by providing students with an alternative source of IT equipment.

Segment Overview

The IT Asset Disposition (ITAD) market has a number of segments. Segment overview is done based on:

Based on the End-User, IT Asset Disposition market is segmented into

•  Banking, Financial Services, and Insurance (BFSI)
•  IT and Telecom
•  Educational Institutions
•  Healthcare Industry
•  Aerospace and Defense
•  Public Sector and Government Offices
•  Manufacturing

Based on Service, IT Asset Disposition market is segmented into

•  De-Manufacturing and Recycling
•  Remarketing and Value Recovery
•  Data Destruction/Data Sanitation
•  Logistics Management and Reverse Logistics
•  Other Services (On-site Audit solutions and Clients’ Online Portals)

—– More

However, the sudden outbreak of COVID-19 has resulted in a decline in the growth rate of the IT asset disposition market, especially in 2020 and 2021. This pandemic has disrupted operations on a massive scale, and manufacturers are facing the challenge of assessing the impact. Past and current lockdowns resulting in the shutdown of manufacturing facilities have put a lot of strain on the industrial sector. The pandemic has caused disruptions in the supply chain, especially causing delays in procuring raw materials, which ultimately delays the production process for various electronics manufacturing industries. Also, disruptions in logistics management and the shutdown of on-site disposal services for a brief period of time affected the IT asset disposition market negatively. The pandemic has deteriorated the situation, consequently negatively affecting the growth of the IT asset disposition market in the short run. The high demand for IT asset disposition, especially in large enterprises, is one of the major drivers for the growth of the IT asset disposition market. Large enterprises have large amount of funds; therefore, they can easily invest in IT asset disposition services. They also have to follow all the necessary rules and regulations, to maintain their brand image, and also to ensure there is no environmental damage caused by them.

Drivers:

Companies have to re-evaluate their procedures for end-of-life management of IT equipment due to regulatory compliances such as NIST, and HIPAA/HITECH. Many market players do not have the strong market position required to address the implementation of these regulations. Also, lack of a well-organized and secure plan for disposing of old IT equipment can create various issues, such as identity theft and fraud; therefore, a variety of federal and state environmental and privacy regulations govern the proper disposition of computers and electronics, and failure to do so can result in audits and significant fines or penalties. Customers are also now realizing the gravity of the threat of improper e-waste disposition to environmental safety. Additionally, a number of IT recycling vendors now offer their services at no cost to companies. They make money by selling those former assets, which incentivizes various small- scale industries to opt for the disposition of IT assets.

Surging adoption of new technologies and BYOD trend

The rapid adoption of new technologies and BYOD trend is expected to drive growth of the global IT asset disposition market. The BYOD (Bring Your Own Device) trend is the practice where employees use their personal devices to access organizational systems and data. It provides the flexibility in work, convenience, and decreases infrastructural cost for the enterprises, thereby increasing productivity and innovation. The umbrella-term “Bring Your Own Device (BYOD)” also refers to several other initiatives, such as Bring Your Own Technology (BYOT), Bring Your Own Phone (BYOP), and Bring Your Own PC (BYOPC). These initiatives have emerged to empower employees and align them with the concept of “IT consumerization”. Increasing inclination toward development of energy-efficient products Inclination towards the programs such as Energy Star, provides information on energy consumption of products and equipment using different standardized methods will help consumers and organizations to save energy cost and electricity, as well as allied reductions of greenhouse gas emissions. Thus, the demand for IT asset disposal service increases. Opting an IT asset disposal service provider can simplify the entire IT asset lifecycle process. The continuous development of energy efficient products is driving the IT asset disposition market.

Emerging adoption of cloud-based technologies and demand for electronics due to COVID-19 While disruptions from the coronavirus pandemic initially led to a slight slowdown in data center spending in early 2020, investment rates recovered quickly. In a radically altered reality, the stratospheric adoption of cloud-based technologies sparked by the pandemic has fueled a dramatic uptick, since various organizations declared remote working for their employees. Thus, the demand for electronics such as laptops, smartphones, and tablets for organization purpose has been increased rapidly which is a huge factor to drive the target market growth.

Restraints: Low awareness and high service cost

The lack of awareness pertaining to recycling of electronics as well as high service cost of IT asset disposition are some of the factors that may hamper growth of the IT asset disposition market to a significant extent. IT assets require proper procedures and processes to dispose of after their life cycle. However, companies need to be aware of regulatory and environmental issues regarding the proper disposal of IT assets in order to choose an IT asset disposal service. Additionally, many consumers and organizations, especially in developing countries, dump their used IT assets improperly to save costs associated with proper disposal of the assets. Moreover, the cost associated with disposal services is another factor that may restrain the target market. Due to limited funding, many organizations do not allocate any special budget for asset disposal. As a result, assets may be disposed of in an inappropriate manner which may have negative impact on the environment. According to a recent TechTarget/Iron Mountain survey, nearly half of the companies don’t have a formal IT asset disposal plan, and about 37% of respondents admit that they delayed implementing the plan due to its high cost.

Opportunities:

Rise in demand for IT asset disposition from small and medium sized enterprises The growing awareness among the small as well as medium sized enterprises to incorporate IT asset disposition helps to boost the market demand for the forecast period. The growing demand of IT asset disposition is another factor to generate new opportunities for the service providers operating in the target market growth in the upcoming years. For instance, In June 2020, according to the UN’s Global E-waste Monitor 2020, Asia generates the greatest volume of e-waste, i.e., around 24.9 MT, followed by Americas (13.1 Mt), Europe (12 Mt), Africa (2.9 Mt), and Oceania (0.7 Mt). Additionally, in March 2019, according to the UN Environment Programme (UNEP), electronic waste, or e-waste, creates about 50 Mn MT of hazardous waste each year, thereby increasing demand for IT asset disposition.

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1 Report Overview

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by IT Asset Disposition Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global IT Asset Disposition Market Share by Application: 2022 VS 2029
1.6 Coronavirus Disease 2019 (Covid-19) Impact: IT Asset Disposition Market
1.6.1 How the Covid-19 is Affecting the IT Asset Disposition Market
1.6.1.1 IT Asset Disposition Market Business Impact Assessment – Covid-19
1.6.2 Market Trends and IT Asset Disposition Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

2 Global Growth Trends by Regions

2.1 IT Asset Disposition Market Perspective (2016-2029)
2.2 IT Asset Disposition Market Growth Trends by Regions
2.2.1 IT Asset Disposition Market Size by Regions: 2016 VS 2022 VS 2029
2.2.2 IT Asset Disposition Market Historic Market Share by Regions (2016-2022)
2.2.3 IT Asset Disposition Market Forecasted Market Size by Regions (2022-2029)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 IT Asset Disposition Market Growth Strategy
2.3.6 Primary Interviews with Key IT Asset Disposition Market Players (Opinion Leaders)

3 Competition Landscape by Key Players

3.1 Global Top IT Asset Disposition Market Players by Market Size
3.1.1 Global Top IT Asset Disposition Market Players by Revenue (2016-2022)
3.1.2 Global IT Asset Disposition Market Revenue Market Share by Players (2016-2022)
3.1.3 Global IT Asset Disposition Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global IT Asset Disposition Market Concentration Ratio
3.2.1 Global IT Asset Disposition Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by IT Asset Disposition Market Revenue in 2019
3.3 IT Asset Disposition Market Key Players Head office and Area Served
3.4 Key Players IT Asset Disposition Market Product Solution and Service
3.5 Date of entering into IT Asset Disposition Market
3.6 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type (2016-2029)

4.1 Global IT Asset Disposition Market Historic Market Size by Type (2016-2022)
4.2 Global IT Asset Disposition Market Forecasted Market Size by Type (2022-2029)

5 IT Asset Disposition Market Breakdown Data by Application (2016-2029)

5.1 Global IT Asset Disposition Market Size by Application (2016-2022)
5.2 Global IT Asset Disposition Market Forecasted Market Size by Application (2022-2029)

6 North America

6.1 North America IT Asset Disposition Market Size (2016-2022)
6.2 IT Asset Disposition Market Key Players in North America (2019-2022)
6.3 North America IT Asset Disposition Market Size by Type (2016-2022)
6.4 North America IT Asset Disposition Market Size by Application (2016-2022)

7 Europe

7.1 Europe IT Asset Disposition Market Size (2016-2022)
7.2 IT Asset Disposition Market Key Players in Europe (2019-2022)
7.3 Europe IT Asset Disposition Market Size by Type (2016-2022)
7.4 Europe IT Asset Disposition Market Size by Application (2016-2022)

8 China

8.1 China IT Asset Disposition Market Size (2016-2022)
8.2 IT Asset Disposition Market Key Players in China (2019-2022)
8.3 China IT Asset Disposition Market Size by Type (2016-2022)
8.4 China IT Asset Disposition Market Size by Application (2016-2022)

9 Japan

9.1 Japan IT Asset Disposition Market Size (2016-2022)
9.2 IT Asset Disposition Market Key Players in Japan (2019-2022)
9.3 Japan IT Asset Disposition Market Size by Type (2016-2022)
9.4 Japan IT Asset Disposition Market Size by Application (2016-2022)

10 Southeast Asia

10.1 Southeast Asia IT Asset Disposition Market Size (2016-2022)
10.2 IT Asset Disposition Market Key Players in Southeast Asia (2019-2022)
10.3 Southeast Asia IT Asset Disposition Market Size by Type (2016-2022)
10.4 Southeast Asia IT Asset Disposition Market Size by Application (2016-2022)

11 India

11.1 India IT Asset Disposition Market Size (2016-2022)
11.2 IT Asset Disposition Market Key Players in India (2019-2022)
11.3 India IT Asset Disposition Market Size by Type (2016-2022)
11.4 India IT Asset Disposition Market Size by Application (2016-2022)

12 Central & South America

12.1 Central & South America IT Asset Disposition Market Size (2016-2022)
12.2 IT Asset Disposition Market Key Players in Central & South America (2019-2022)
12.3 Central & South America IT Asset Disposition Market Size by Type (2016-2022)
12.4 Central & South America IT Asset Disposition Market Size by Application (2016-2022)

13 Key Players Profiles

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 IT Asset Disposition Market Introduction
13.4 IT Asset Disposition Market Business (2016-2022)
13.5 Recent Development

14 Analyst’s Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

List of Table

Table 1. IT Asset Disposition Market Key Market Segments
Table 2. Key Players Covered: Ranking by IT Asset Disposition Market Revenue
Table 3. Ranking of Global Top IT Asset Disposition Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global IT Asset Disposition Market Size Growth Rate by Type (US$ Million): 2022 VS 2029
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for IT Asset Disposition Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for IT Asset Disposition Market Players to Combat Covid-19 Impact
Table 10. Global IT Asset Disposition Market Size Growth by Application (US$ Million): 2022 VS 2029
Table 11. Global IT Asset Disposition Market Size by Regions (US$ Million): 2022 VS 2029
Table 12. Global IT Asset Disposition Market Size by Regions (2016-2022) (US$ Million)
Table 13. Global IT Asset Disposition Market Share by Regions (2016-2022)
Table 14. Global IT Asset Disposition Market Forecasted Market Size by Regions (2022-2029) (US$ Million)
Table 15. Global IT Asset Disposition Market Share by Regions (2022-2029)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. IT Asset Disposition Market Growth Strategy
Table 20. Main Points Interviewed from Key IT Asset Disposition Market Players
Table 21. Global IT Asset Disposition Market Revenue by Players (2016-2022) (Million US$)
Table 22. Global IT Asset Disposition Market Share by Players (2016-2022)
Table 23. Global Top IT Asset Disposition Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in IT Asset Disposition Market as of 2019)
Table 24. Global IT Asset Disposition Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players IT Asset Disposition Market Product Solution and Service
Table 27. Date of entering into IT Asset Disposition Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 30. Global IT Asset Disposition Market Size Share by Type (2016-2022)
Table 31. Global IT Asset Disposition Market Revenue Market Share by Type (2022-2029)
Table 31. Global IT Asset Disposition Market Size Share by Application (2016-2022)
Table 33. Global IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 34. Global IT Asset Disposition Market Size Share by Application (2022-2029)
Table 35. North America Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 36. North America Key Players IT Asset Disposition Market Share (2019-2022)
Table 37. North America IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 38. North America IT Asset Disposition Market Share by Type (2016-2022)
Table 39. North America IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 40. North America IT Asset Disposition Market Share by Application (2016-2022)
Table 41. Europe Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 42. Europe Key Players IT Asset Disposition Market Share (2019-2022)
Table 43. Europe IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 44. Europe IT Asset Disposition Market Share by Type (2016-2022)
Table 45. Europe IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 46. Europe IT Asset Disposition Market Share by Application (2016-2022)
Table 47. China Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 48. China Key Players IT Asset Disposition Market Share (2019-2022)
Table 49. China IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 50. China IT Asset Disposition Market Share by Type (2016-2022)
Table 51. China IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 52. China IT Asset Disposition Market Share by Application (2016-2022)
Table 53. Japan Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 54. Japan Key Players IT Asset Disposition Market Share (2019-2022)
Table 55. Japan IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 56. Japan IT Asset Disposition Market Share by Type (2016-2022)
Table 57. Japan IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 58. Japan IT Asset Disposition Market Share by Application (2016-2022)
Table 59. Southeast Asia Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 60. Southeast Asia Key Players IT Asset Disposition Market Share (2019-2022)
Table 61. Southeast Asia IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 62. Southeast Asia IT Asset Disposition Market Share by Type (2016-2022)
Table 63. Southeast Asia IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 64. Southeast Asia IT Asset Disposition Market Share by Application (2016-2022)
Table 65. India Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 66. India Key Players IT Asset Disposition Market Share (2019-2022)
Table 67. India IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 68. India IT Asset Disposition Market Share by Type (2016-2022)
Table 69. India IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 70. India IT Asset Disposition Market Share by Application (2016-2022)
Table 71. Central & South America Key Players IT Asset Disposition Market Revenue (2019-2022) (Million US$)
Table 72. Central & South America Key Players IT Asset Disposition Market Share (2019-2022)
Table 73. Central & South America IT Asset Disposition Market Size by Type (2016-2022) (Million US$)
Table 74. Central & South America IT Asset Disposition Market Share by Type (2016-2022)
Table 75. Central & South America IT Asset Disposition Market Size by Application (2016-2022) (Million US$)
Table 76. Central & South America IT Asset Disposition Market Share by Application (2016-2022)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in IT Asset Disposition Market Business (2016-2022) (Million US$)
Table 81. Recent Development

List of Figures

Figure 1. Global IT Asset Disposition Market Share by Type: 2022 VS 2029
Figure 2. Global IT Asset Disposition Market Share by Application: 2022 VS 2029
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. IT Asset Disposition Market Report Years Considered
Figure 8. Global IT Asset Disposition Market Size YoY Growth 2016-2029 (US$ Million)
Figure 9. Global IT Asset Disposition Market Share by Regions: 2022 VS 2029
Figure 10. Global IT Asset Disposition Market Share by Regions (2022-2029)
Figure 11. Porter’s Five Forces Analysis
Figure 12. Global IT Asset Disposition Market Share by Players in 2019
Figure 13. Global Top IT Asset Disposition Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in IT Asset Disposition Market as of 2019)
Figure 14. The Top 10 and 5 Players Market Share by IT Asset Disposition Market Revenue in 2019
Figure 15. North America IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 16. Europe IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 17. China IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 18. Japan IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 19. Southeast Asia IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 20. India IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 21. Central & South America IT Asset Disposition Market Size YoY Growth (2016-2022) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

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