The IT Asset Disposition (ITAD) Market size was valued at USD 15.06 Bn in 2022 and is expected to reach USD 28.43 Bn by 2030, and grow at a CAGR of 8.27 % over the forecast period 2023-2030.
Many businesses use IT asset disposal (ITAD) solutions to recycle and destroy IT equipment in an environmentally responsible, dependable, and secure way. Several businesses throughout the world are gradually deploying ITAD solutions to reduce the danger of data loss, manage IT equipment waste disposal, minimize future monetary loss, and decrease costs. Artificial intelligence (AI), cloud computing, the internet of things (IoT), and big data analytics have necessitated the need for IT asset disposal solutions to maintain data safety. Furthermore, the usage of cloud computing in ITAD has increased the reliability of the process.
-Market.png)
Get more information on IT Asset Disposition (ITAD) Market - Request Sample Report
KEY DRIVERS:
Compliance with environmental regulatory compliances is required.
Data and information security requirements for ancient assets.
Technology advancements and the consolidation of the BYOD trend
Transition to more energy-efficient goods.
RESTRAINTS:
Inadequate awareness and excessive service costs.
There are no comprehensive IT asset disposition procedures in place.
E-waste has a negligible value recovery.
OPPORTUNITY:
Strategic alliances and acquisitions.
Increased demand for IT asset disposition from small and medium-sized businesses.
Increased sales of used equipment on auction websites.
CHALLENGES:
Unauthorized service providers and unsustainable practices are present.
Inadequate budget for IT asset disposal.
The global pandemic has had a negative impact on the markets of numerous economies. During the shutdown, the entire globe came to a halt. However, with government restrictions and prospects for merging and changing the supply chain analysis, the leading players in the ITAD market are taking significant measures to mitigate the negative consequences. Customers' rising possession of various types of electronic gadgets is functioning as a driving factor. ITAD disposal is well-supported equipment disposal that is devoid of any obstacles or difficulties. After their lifecycles have been completed, the products are disposed of. All of this is preparing for a huge ITAD resurgence after the COVID 19 era, expanding their worldwide market size.
MARKET ESTIMATION:
The IT asset disposition market has been divided into four service categories: de-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitization, logistics management and reverse logistics, and other services. The remarketing and value recovery services are predicted to grow at the fastest rate over the projection period. End-of-life IT asset resale allows for the recovery of operational money while also reducing electronic waste. Various safe IT asset disposition strategies incorporate refurbishing and remarketing activities to capture value from discarded devices and components that are still usable, allowing enterprises to obtain economic value from an asset's lifespan.
During the forecast period, the ITAD market by asset type is estimated to be dominated by servers. The extensive use of the internet and social media apps, as well as the advent of new technologies such as software-defined networking and virtualization, are increasing the need for servers and data centers throughout the world. Because of the increase in data breaches, data center providers have been required to dispose of data and equipment before decommissioning them. Thus, with the assistance of IT asset disposition service providers, a data center disposes of servers that are no longer in use.
The market has been divided into small, medium-sized, and big firms based on organization size. Small and medium-sized firms are predicted to have the greatest CAGR throughout the projection period. Small and medium-sized businesses have modest budgets for their working operations with limited resources, therefore they employ data destruction and remarketing services more than other IT asset disposition services to recover expenses from used assets. Because of the broader economic uncertainty, many small and medium-sized businesses are limiting their IT spending. As a consequence, assets are improperly disposed of in landfills, which has a negative impact on the environment. However, this trend is projected to alter in the near future as IT asset disposal providers begin developing and marketing their services to small enterprises and as they become more aware of the hazards.
During the forecast period, the banking, financial services, and insurance (BFSI) industry is predicted to lead the IT asset disposal market by end user. The BFSI business stores highly safe and private data such as corporate and consumer personal information and account details. The biggest threat to this industry is a data breach, as the devices may include sensitive consumer data such as social security numbers, banking account information, and pay stubs, as well as proprietary information such as revenue estimates, payrolls, and other information. Any type of data leaking would harm consumers' and organizations’ brand image and reputation, as well as jeopardize their compliance with industry rules.
On The Basis of Service
De-Manufacturing and Recycling
Remarketing and Value Recovery
Data Destruction/Data Sanitization
Logistics Management and Reverse Logistics
Other Services
On The Basis of Asset Type
Computers/Laptops
Servers
Mobile Devices
Storage Devices
Peripherals
Networking Devices
On The Basis of Organization Size
Small and Medium-sized Enterprises
Large Enterprises
On The Basis of End User
BFSI
IT and Telecom
Educational Institutions
Healthcare Industry
Aerospace and Defense
Public Sector and Government
Manufacturing
Media and Entertainment
Others
-Market(1).png)
Do you need any custom research on IT Asset Disposition (ITAD) Market - Enquiry Now
Because of the frequent and timely adoption of IT Asset Disposition Industry trends in North American areas, the market is already increasing in the present environment. In this sector, there are several top ITAD service providers. By the conclusion of the forecast period in 2028, the Asia-Pacific region is expected to be one of the key service providers in the IT Asset Disposition (ITAD) market. Many large and powerful technological organizations in the Asia-Pacific area are adopting the technology and migrating to BYOD. Furthermore, significant expenditures on technology, research, and development are required. Emerging data security requirements are also playing a significant influence in the increase by the end of 2028.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are IBM Corporations, Tes-Amm India Private Limited, EOL IT Services, Sims Recycling, and Solutions. Inc, ITRenew, Exit Technologies, GreenTek Teman Pvt Ltd, Maxicom Network Inc, Dell, HP & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 15.06 Billion |
| Market Size by 2030 | US$ 28.43 Billion |
| CAGR | CAGR of 8.27% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Logistics Management and Reverse Logistics, and Other Services) • by Deployment Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals, and Networking Devices) • by Organization Size (Small and Medium-sized Enterprises, and Large Enterprises) • by End User (BFSI, IT and Telecom, Educational Institutions, Healthcare Industry, Aerospace and Defense, Public Sector and Government, Manufacturing, Media and Entertainment, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | IBM Corporations, Tes-Amm India Private Limited, EOL IT Services, Sims Recycling, Solutions. Inc, ITRenew, Exit Technologies, GreenTek Teman Pvt Ltd, Maxicom Network Inc, Dell, and HP |
| Key Drivers | •Compliance with environmental regulatory compliances is required. •Data and information security requirements for ancient assets. |
| RESTRAINTS | •Inadequate awareness and excessive service costs. •There are no comprehensive IT asset disposition procedures in place. |
Ans: - The IT Asset Disposition (ITAD) market size was valued at USD 15.06 bn in 2022.
Ans: - Unauthorized service providers and unsustainable practices are present.
Ans: - 4 segments of the IT Asset Disposition (ITAD) Market.
Ans: - The major key players are IBM Corporations, Tes-Amm India Private Limited, EOL IT Services, Sims Recycling, Solutions. Inc, ITRenew, Exit Technologies, GreenTek Teman Pvt Ltd, Maxicom Network Inc, Dell, and HP.
Ans: - Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. IT Asset Disposition (ITAD) Market Segmentation, by Service
8.1 De-Manufacturing and Recycling
8.2 Remarketing and Value Recovery
8.3 Data Destruction/Data Sanitization
8.4 Logistics Management and Reverse Logistics
8.5 Other Services
9. IT Asset Disposition (ITAD) Market Segmentation, by Asset Type
9.1 Computers/Laptops
9.2 Servers
9.3 Mobile Devices
9.4 Storage Devices
9.5 Peripherals
9.6 Networking Devices
10. IT Asset Disposition (ITAD) Market Segmentation, by Organization Size
10.1 Small and Medium-sized Enterprises
10.2 Large Enterprises
11. IT Asset Disposition (ITAD) Market Segmentation, by End-use
11.1 BFSI
11.2 Gaming
11.3 Media & Entertainment
11.4 Retail
11.5 Transportation
11.6 Government & Defense
11.7 Education & Research
11.8 Manufacturing
11.9 Healthcare & Bioscience
11.10 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 IBM Corporations
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Tes-Amm India Private Limited
13.3 EOL IT Services
13.4 Sims Recycling Solutions. Inc
13.5 ITRenew
13.6 Exit Technologies
13.7 GreenTek Teman Pvt Ltd
13.8 Maxicom Network Inc
13.9 Dell
13.10 HP
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Customer Intelligence Platform Market size was USD 1.9 billion in 2022 and is expected to Reach USD 15.4 billion by 2030 and grow at a CAGR of 30 % over the forecast period of 2023-2030.
The Mobile Device Management Market was valued at USD 5.4 billion in 2022 and is projected to expand to USD 28.75 billion by 2030, growing at a CAGR of 23.25% in the forecast period of 2023 to 2030.
In 2022, the smart cities market was estimated to be worth USD 640.75 billion. By 2030, it is anticipated to be worth USD 3799.65 billion, growing at a CAGR of 24.92%.
The High Availability Server Market is anticipated to develop at a CAGR of 13.21% from 2023 to 2030, from a value of USD 10.12 billion in 2022 to USD 27.30 billion in 2030.
The Enterprise File Synchronization and Sharing Market size was valued at US$ 7.58 billion in 2022 and is projected to reach US$ 52.95 billion in 2030 with a growing CAGR of 26.95% Over the Forecast Period of 2023-2030.
The Edutainment Market size was valued at USD 5.81 billion in 2022 and is projected to reach USD 20.12 billion in 2030 with a growing CAGR of 16.8% Over the Forecast Period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
