Product Code: r5646
“IT Asset Disposition Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on it asset disposition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for it asset disposition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The it asset disposition market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Service: De-Manufacturing And Recycling; Remarketing And Value Recovery; Data Destruction Or Data Sanitation; Logistics Management And Reverse Logistics; Other Services
- 2) By Asset Type: Computers Or Laptops; Servers; Mobile Devices; Storage Devices; Peripherals
- 3) By Organisation Size: Small And Medium-Sized Enterprises; Large Enterprises
- 4) By 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; Other End Users
- Companies Mentioned: Dell Technologies; Hewlett Packard Enterprise; IBM; Sims Limited; Iron Mountain
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the IT asset disposition market are: Dell Technologies, Hewlett Packard Enterprise, IBM, Sims Limited, Iron Mountain, Tes-Amm India Private Limited, Apto Solutions, Hewlett Packard Enterprise, LifeSpan International, Arrow Electronics, EOL IT Services, Exit Technologies, GreenTek Teman Pvt Ltd., Maxicom Network Inc., and TBS Indistries Inc.
The global IT asset disposition market is expected to grow from $16.57 billion in 2022 to $18.57 billion in 2023 at a compound annual growth rate (CAGR) of 12.12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IT asset disposition market is expected to grow to $25.34 billion in 2027 at a CAGR of 8.08%.
The IT asset disposition market includes revenues earned by entities by destruction of data, reverse logistics, remarketing, value recovery, de-manufacturing and recycling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
IT asset disposition is a specialized practice that deals with technological assets such as laptops, desktop computers, tablets, enterprise equipment, data center cloud equipment, and smartphones. ITAD is an essential component of IT asset management. The IT asset disposition is used by companies to decommission, disposing of or utilize unwanted IT equipment, such as hardware and electronic devices, properly to avoid adverse environmental, financial, and reputational effects.
Asia-Pacific was the largest region in the IT asset disposition market in 2022. The regions covered in the IT asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main serivce of IT asset disposition are de-manufacturing and recycling, remarketing and value recovery, data destruction or data sanitation, logistics management and reverse logistics, and other services (on-site audit solutions and clients' online portals). The de-manufacturing services are used to disassemble and recycle every component which are usable in a gadget. De-manufacturing and recycling refer to a recycling method that involves disassembling an object to get as much recyclable material as possible. The IT asset disposition assets are computers or laptops, servers, mobile devices, storage devices and peripherals that are used by small and medium-sized enterprises and large enterprises, used in various verticals of businesses such as, banking, financial services and insurance (BFSI), IT and telecom, education, healthcare, aerospace and defense, public sector and government offices, manufacturing, media and entertainment, and other end users.
The growing usage of electronic devices is expected to propel the IT asset disposition market going forward. The COVID-19 pandemic and subsequent lockdowns have significantly impacted modern living. The increased usage of telecommuting for business, education, and recreation has increased the demand for electronic equipment. Electronic devices refer to the devices used to regulate the movement of electrical currents for the purpose of processing information and system control. IT asset disposition assists electronic devices in safeguarding business data and properly decommissioning and disposing of various electronic devices. For instance, In October 2020, according to a report published by Canalys, a Singapore-based IT services and IT consulting firm, In the third quarter of 2020, the global PC market expanded by over 13%. The Q3 unit shipment in 2019 was valued at 70280, which was increased to 79207 in Q3 unit shipment in 2020. Furthermore, according to preliminary Gartner, Inc., worldwide PC shipments reached 79.4 million units in the fourth quarter of 2020, representing a 10.7% increase over the fourth quarter of 2019. Therefore, an increase in the growing usage of electronic device will drive the IT asset disposition market.
Strategic partnership is a key trend in the IT asset disposition market. Major players are enting into partnership to sustain in the market. Strategic partnership is a key trend in the IT asset disposition market. Major players are enting into a partnership to sustain in the market. For instance, in July 2021, ERI, a US-based IT asset disposition provider, partnered with Closed Loop Partners. Through this partnership, ERI will enhance circular supply chains that benefit people, the environment, and business. Closed Loop Partners is a US-based investment firm.
In January 2022, Iron Mountain Incorporated, a US-based information management company, acquired ITRenew for an undisclosed amount. With this acquisition, Iron Mountain's global IT asset lifecycle management business adopts ITRenew as its platform. The acquisition considerably improves the company's capacity to offer end-to-end services for the corporate end-user device, corporate data centre, and hyper-scale segments. ITRenew is a US-based information management company providing IT asset disposition services.
The countries covered in the IT asset disposition market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The IT asset disposition market research report is one of a series of new reports from The Business Research Company that provides IT asset disposition market statistics, including IT asset disposition industry global market size, regional shares, competitors with a IT asset disposition market share, detailed IT asset disposition market segments, market trends and opportunities, and any further data you may need to thrive in the IT asset disposition industry. This IT asset disposition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. IT Asset Disposition Market Characteristics
3. IT Asset Disposition Market Trends And Strategies
4. IT Asset Disposition Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On IT Asset Disposition Market
- 4.2. Ukraine-Russia War Impact On IT Asset Disposition Market
- 4.3. Impact Of High Inflation On IT Asset Disposition Market
5. IT Asset Disposition Market Size And Growth
- 5.1. Global IT Asset Disposition Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global IT Asset Disposition Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. IT Asset Disposition Market Segmentation
- 6.1. Global IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- De-Manufacturing And Recycling
- Remarketing And Value Recovery
- Data Destruction Or Data Sanitation
- Logistics Management And Reverse Logistics
- Other Services
- 6.2. Global IT Asset Disposition Market, Segmentation By Asset Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Computers Or Laptops
- Servers
- Mobile Devices
- Storage Devices
- Peripherals
- 6.3. Global IT Asset Disposition Market, Segmentation By Organisation Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small And Medium-Sized Enterprises
- Large Enterprises
- 6.4. Global IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Banking, Financial Services And Insurance (BFSI)
- IT And Telecom
- Education
- Healthcare
- Aerospace And Defense
- Public Sector And Government Offices
- Manufacturing
- Media And Entertainment
- Other End Users
7. IT Asset Disposition Market Regional And Country Analysis
- 7.1. Global IT Asset Disposition Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global IT Asset Disposition Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific IT Asset Disposition Market
- 8.1. Asia-Pacific IT Asset Disposition Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China IT Asset Disposition Market
- 9.1. China IT Asset Disposition Market Overview
- 9.2. China IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India IT Asset Disposition Market
- 10.1. India IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan IT Asset Disposition Market
- 11.1. Japan IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia IT Asset Disposition Market
- 12.1. Australia IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia IT Asset Disposition Market
- 13.1. Indonesia IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea IT Asset Disposition Market
- 14.1. South Korea IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe IT Asset Disposition Market
- 15.1. Western Europe IT Asset Disposition Market Overview
- 15.2. Western Europe IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK IT Asset Disposition Market
- 16.1. UK IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany IT Asset Disposition Market
- 17.1. Germany IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France IT Asset Disposition Market
- 18.1. France IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe IT Asset Disposition Market
- 19.1. Eastern Europe IT Asset Disposition Market Overview
- 19.2. Eastern Europe IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia IT Asset Disposition Market
- 20.1. Russia IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America IT Asset Disposition Market
- 21.1. North America IT Asset Disposition Market Overview
- 21.2. North America IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA IT Asset Disposition Market
- 22.1. USA IT Asset Disposition Market Overview
- 22.2. USA IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America IT Asset Disposition Market
- 23.1. South America IT Asset Disposition Market Overview
- 23.2. South America IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil IT Asset Disposition Market
- 24.1. Brazil IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East IT Asset Disposition Market
- 25.1. Middle East IT Asset Disposition Market Overview
- 25.2. Middle East IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa IT Asset Disposition Market
- 26.1. Africa IT Asset Disposition Market Overview
- 26.2. Africa IT Asset Disposition Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa IT Asset Disposition Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. IT Asset Disposition Market Competitive Landscape And Company Profiles
- 27.1. IT Asset Disposition Market Competitive Landscape
- 27.2. IT Asset Disposition Market Company Profiles
- 27.2.1. Dell Technologies
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Hewlett Packard Enterprise
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. IBM
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Sims Limited
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Iron Mountain
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The IT Asset Disposition Market
29. IT Asset Disposition Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer