Market Snapshot:
IT Asset Disposition (ITAD) deals in disposing of outdated or unwanted electronic assets in a safe and ecologically-responsible manner. IT Asset Disposition vendors are specialized in the process of streamlining disposition of IT assets while minimizing costs and maximizing the recouping of losses. The services offered by these ITAD include refurbishment, redeployment, resale, and recycling of retired IT assets. The increasing use of new updated IT assets has risen the need for their proper disposal so as to prevent the environment from e-waste. This emergence of asset disposition has driven market growth. Furthermore, a successful IT Asset Disposition strategies help organizations to generate value from their IT assets and reduce risk.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | Hewlett Packard Enterprise Company (United States), IBM Corporation (United States), Arrow Electronics, Inc. (United States), Dell Inc. (United States), SIMS Recycling Solutions (United States), Iron Mountain Incorporated (United States), Apto Solution, Inc. (United States), TBS Industries (United States), ITrenew Inc. (United States), TES-AMM Singapore Pte Ltd. (Singapore) and Lifespan International Inc. (United States) |
Segment Analysis
AMA Research have segmented the market of Global IT Asset Disposition market by Type, Application and Region. On the basis of Type, Computer/Laptops are dominating the market in the year 2022 where as Mobile Devices stood as second largest market share.
On the basis of geography, the market of IT Asset Disposition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Increasing Demand in Asia-Pacific Region
Market Drivers
Strict Data Security Compliance with Environmental Regulations, Emergence of Information and Data Security for Old Assets and Growing Adoption of New Technology and BYOD
Opportunities
Value Recovery from Obsolete Assets and Strategic Partnerships and Acquisitions
Restraints
- Rising Adoption of Electronics Devices
In addition to the aforementioned factor, Strict Data Security Compliance with Environmental Regulations
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
In IT Asset Disposition Market, it has been observed that most of the companies are upgrading or introducing innovative services for the disposal of the assets. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
The key Players profiled in the study are Hewlett Packard Enterprise Company (United States), IBM Corporation (United States), Arrow Electronics, Inc. (United States), Dell Inc. (United States), SIMS Recycling Solutions (United States), Iron Mountain Incorporated (United States), Apto Solution, Inc. (United States), TBS Industries (United States), ITrenew Inc. (United States), TES-AMM Singapore Pte Ltd. (Singapore) and Lifespan International Inc. (United States). A lot of North America players are profiled in the research study indicating a strong market dependence.