Global IT Asset Disposition Market

IT Asset Disposition Market Size, Share, Growth Analysis, By Asset Type (Smartphones & Tablets, Servers), By End Use (IT & Telecom, Media & Entertainment), By Region -Industry Forecast 2024-2031

Report ID: SQMIG45F2155 | Region: Global | Published Date: November, 2024
Pages: 183 | Tables: 70 | Figures: 76

IT Asset Disposition Market News

  • In February 2024, a new IT asset disposition facility was launched by Quantum Lifecycle Partner, a leading name in the IT asset disposition and e-waste recycling business. The new 7800 sq ft establishment is in Edmonton, Canada and helped Quantum expand its presence in the Canadian market.
  • In March 2024, a new facility for IT asset disposition was launched in Virginia, United States by SK Ecoplant, a company based in Seoul, South Korea focusing on lowering Earth’s temperature. The new 12,000 sq ft facility designed especially for hyperscale data centers was launched through SK Ecoplant’s subsidiary SK tes
  • Back in February 2023, a new proprietary Optech Capture system was launched by ERI, a leading IT asset disposition company. The new solution was designed to manage and track the asset chain of custody throughout the entire ITAD process to ensure transparency and security.
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FAQs

The global IT Asset Disposition Market size was valued at USD 23.21 Billion in 2022 and is poised to grow from USD 26.27 Billion in 2023 to USD 62.57 Billion by 2031, at a CAGR of 13.2% during the forecast period (2024-2031).

IT asset disposition companies should focus on opting for sustainable and more secure technologies. Integration of circular economy trends and use of blockchain technologies will also present new opportunities for all IT asset disposition providers in the long run. Targeting developed regions will be more rewarding for market players at present but focusing on developing countries will pay off big time in the long run. Collaborations are also expected to emerge as preferred strategies for market expansion in the future. Developing new facilities and expanding the capacity of existing ones will also be a key strategy in the global IT asset disposition industry. 'Apto Solutions Inc.', 'CompuCom Systems, Inc.', 'Dell Inc.', 'OceanTech', 'Park Place Technologies', 'Prolimax', 'Hewlett Packard Enterprise Development LP', 'IBM Corporation', 'Ingram Micro Services', 'TBS Industries Inc. ', 'Atea', 'Blancco Technology Group', 'BRP Infotech Pvt. Ltd.', 'CHG-MERIDIAN', 'CSI Leasing, Inc.', 'TES (Singapore) Pte Ltd.', 'Arrow Electronics Inc.', 'Iron Mountain', 'ITRenew', 'LifeSpan International Inc.', 'Sims Lifecycle Services, Inc. '

The rising popularity of cloud computing and advancements in the same are rendering some IT assets useless and this has resulted in an increased demand for IT asset disposition services and solutions around the world. Growing migration of organizations on cloud platforms will further bolster IT asset disposition market growth in the future.

On-Site Data Destruction: IT asset disposition companies can focus on providing on-site data destruction services to overcome the hesitance faced by organizations for the security and privacy of their data. This IT asset disposition market trend is projected to boost client confidence in secure asset disposition and promote adoption to generate more revenue for companies in the long run.

Asia Pacific is estimated to bring in the most revenue for any IT asset disposition company around the world. Imposition of new regulations to promote proper disposal of IT assets and the rising awareness regarding the importance of proper IT asset disposition among organizations are helping this region emerge as the leading market in the world. India, China, Australia, and Japan are forecasted to be the most rewarding markets for IT asset disposition providers operating in the Asia Pacific region through 2031 and beyond. Rising emphasis on properly managing e-waste in this region will also create new opportunities for IT asset disposition companies in the future.

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Global IT Asset Disposition Market

Report ID: SQMIG45F2155

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