The growing trend of it asset reuse among various industries to drive the global IT asset reuse market :

Market Research Future (MRFR) will be publishing a cooked research report on the “Global IT Asset Reuse Market” that contains the information from 2020 to 2030. 


MRFR recognizes the following companies as the key players in the global IT asset reuse market: CDW (US), TBS Industries Inc (US), Ingram Micro (US), ERI (US), SIMS Lifecycle Services (US), Dataserv.LLC (US), Iron Mountain Incorporated (US), Apto Solutions Inc.(US), Dell Inc.(US), Hewlett Packard Enterprise Development LP (US), IBM Corporation (US), Lifespan International Inc.(US), TES-AMM PTE LTD (Japan), Compucom (US), 3STEPIT (Finland).


Market Highlights


The global IT asset reuse market is projected to be valued at USD 11,397.5 Million by the end of 2030, registering a CAGR of 14.7% during the forecast period.


The main factors driving the growth of the IT asset reuse market include the growing trend of IT asset reuse among various industries and the imposition of environmental regulations by governments on the handling of redundant assets. However, the high service cost and low initial return on investment are expected to hinder the growth of the global market. Nevertheless, the rising trend of BYOD is anticipated to present lucrative growth opportunities for the players in the global market.


IT asset reuse is the waste management strategy in which the whole devices or components get reused rather than recycled or decomposed. The old or obsolete IT devices or components can have a prolonged life and can be reused after the data is deleted from them by using advanced processes. The companies are shifting towards the reuse approach rather than recycling & decompose owing to energy-intensive recycling processes, CO2 emissions, government regulations, and decreasing the prices of material recovered from the recycling.


Technology has progressed to the point where it is now useful in all aspects of the business. Most common and highly demanded IT assets in any organization are computers and laptops that are used at work to stay on top of a variety of professional matters. The demand for IT assets in any organization is huge. Many organizations prefer to refurbish or repair or reuse IT assets to cut down non-operational costs, especially the SMEs which may not be able to buy brand new equipment after damage rather they prefer repairing and reusing it. As a result, if a low-cost option is not available, many organizations turn to refurbish products which have driven the market for IT asset reuse market


Access full report @ https://www.marketresearchfuture.com/reports/it-asset-reuse-market-10935


COVID-19 Impact Analysis


The pandemic has slowed the growth pace of the IT asset reuse industry, as it has in other markets, particularly in 2020 and 2021. Because most of the major demand-generating sectors are currently or were previously non-operational in various countries it has hampered the growth of IT asset reuse market.  With the sudden implementation of the lockdown, there has been a rapid growth in the IT assets market. With an increasing number of companies looking at work-from-home options amidst the COVID-19 outbreak, there has been a sudden spike in demand for laptops and other IT hardware devices. The IT asset market has witnessed an increasing demand during the pandemic phase to manage hardware devices are such as personal computers (PCs), laptops, desktops, tablets or mobile phones, and the software that is required to operate in the enterprises so that they are readily available for remote working environments.


Segment Analysis


The global IT asset reuse market has been segmented on the basis of product type, organization size, vertical, and region.


The global IT asset reuse market, based on product type, has been segmented into Computers/Laptops/Notebooks, Printers, Mobile Devices, Peripherals, Storage, Servers, and Others.


The global IT asset reuse market, based on organization size, has been segmented into Large Enterprises, and Small And Medium Sizes Enterprises.


The global IT asset reuse market, based on vertical, has been segmented into BFSI, telecom and IT, Healthcare, Aerospace, Energy and Utilities, Government, Education, and others.


Key Findings of the Study:



  • The global IT asset reuse market is projected to reach a value of 11,397.5 Million by the end of 2030, with a CAGR of around 14.7% during the forecast period from 2022 to 2030.

  • Europe accounted for the largest market share in 2021. Some of the factors that contribute to the growth of the global IT asset reuse market include the presence of companies such as SIMS Recycling LTD and others and the rapid growth of the aerospace and BFSI industry. An increase in government budgets and the launch of new technologies in the UK are primary factors contributing to the growth of the global IT asset reuse market

  • North America is expected to be the second-largest market in 2021. The market in this region has been further categorized into the US, Canada, and Mexico. In 2021, the US-dominated the IT asset reuse market, followed by Canada and Mexico. Increasing adoption of new technologies, high regulatory standards, product innovation, and awareness of the environment drive the growth of the North American IT asset reuse market. Furthermore, the presence of industry giants, such as Iron Mountain Incorporated, Apto Solutions Inc., Dell Inc., Hewlett Packard Enterprise Development LP, and IBM Corporation, is one of the driving factors for the growth of the IT asset reuse market.

  • The  US is among the top contributors in the fuel cards market. The leading market players such as Dataserv Group, Iron Mountain Incorporated, Apto Solutions Inc., and Dell Inc. are based in the US. Increasing adoption of asset reuse in Telcom & IT, BFSI, and government industries in the US and Canada are some of the factors creating a greater demand for the IT asset reuse market.

  • Rising trend of BYOD