IT Asset Disposition Market, Global Forecast to 2027
Bharat Book Bureau Provides the Trending Market Research Report on “IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region- Global Forecast to 2027” under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
IT Asset Disposition Market size is valued at USD 15.5billion in 2022and is anticipated to be USD 23.5billion by 2027; growing at a CAGR of 8.7% from 2022 to 2027. The growing demand of factors such as need for data and information security in old assets to grow the market at an estimated rate.
IT asset disposition services are highly useful in destroying confidential or sensitive data such as trade secrets, confidential lists, clients’ names, credit card data, or other potentially high-risk information. The process involves on-site, as well as off-site, sanitizing or wiping service for safe and secure data destruction while preserving the use and functionality of the hard drive. IT asset disposition service providers ensure that the company’s sensitive data is destroyed before it leaves the facility. The provider erases, degausses, or physically shreds the media devices of the company.
Surge in data breaches has forced data center providers to dispose of IT assets before decommissioning
The components of servers include Central Processing Units (CPUs), high-performance RAMs, and one or more hard drives. Recycling a decommissioned server involves taking apart hardware and components, including drives, memory, fans, power supply, and network adapter cards that can be used again. If the chassis or board is too old or too damaged for reuse and resale, it is recycled responsibly with a qualified electronics recycling vendor.
Need to comply with regulatory compliances meant for environment safety
there is a growing awareness among people toward the need to protect the environment. This has led to the growing acceptance of appropriate processes and methods for the disposal of waste. One of the most environmentally harmful components of waste is e-waste, which requires proper care and safety for its appropriate disposal and destruction, creating a demand for IT asset disposition services. Thus, many companies are implementing green technologies as a step toward environmental safety, which is also driving the IT asset disposition market.
The breakup of primaries conducted during the study is depicted below:
•By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 –20%
•By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
•By Region: North America– 44%, Europe – 20%,Asia Pacific– 30%, RoW – 6%
The key players operating in the IT asset disposition market include few globally established players such as Dell Technologies (US), Hewlett Packard Enterprise (US), IBM (US), Sims Limited (Australia), Iron Mountain (US), 3Step IT(Finland), TES (Singapore), and Apto Solutions (US).
The report segments the IT asset disposition market and forecasts its size based on region (North America, Europe, Asia Pacific, and RoW), Service (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)), Asset Type(Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Offering (Small and Medium-sized Enterprises, Large Enterprises) and End User (Banking, Financial Services and Insurance (BFSI), IT and Telecom, Education, Healthcare, Aerospace and Defense, Public Sector and Government Offices, Manufacturing, Media and Entertainment, Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation)). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the IT asset disposition market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
•This report includes market statistics pertaining to the service, asset type, organization size, end user, and region.
•Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
•Illustrative segmentation, analyses, and forecasts for the market based on service, asset type, organization size, end user, and region have been conducted to provide an overall view of the IT asset disposition market.
•The report includes an in-depth analysis and ranking of key players.
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