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

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 is projected to gain popularity on a global level as demand for secure disposal of IT assets to maintain data security and privacy increases. The imposition of new regulations and norms for the proper disposal of IT assets to maintain data privacy is also expected to promote the demand for IT asset disposition solutions and services in the future. Increasing incidence of data breaches has made organizations more aware of data security thereby bolstering the demand for certified IT asset disposition services and solutions. Growing adoption of cloud computing around the world and the rising popularity of the bring your own device (BYOD) trend are also estimated to uplift the sales of IT asset disposition solutions in the long run. On the contrary, hesitation in outsourcing IT asset disposition for data security concerns, lack of awareness regarding IT asset disposition, and high costs of services are some key constraints that are slated to slow down IT asset disposition market outlook in the long run.