IT Asset Disposition (ITAD) Market Research Report - Global Forecast till 2027

Global IT Asset Disposition (ITAD) Market Research Report: By Asset Type (Computer, Mobile Devices, Servers, Storage Devices, and Peripherals), Service (Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, Remarketing & Value Recovery, Logistics Management, and Remarking), Organization Size (SMEs and Large Enterprise), and Industry Vertical (Aerospace & Defense, Energy and Power, Pharmaceutical, Oil & Gas, Food & Beverages, Chemical, Automotive, and Others), and Region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America)-Forecast till 2027

ID: MRFR/ICT/0496-HCR | February 2021 | Region: Global | 110 pages

Market Overview:


IT asset disposition (ITAD) is known as a process throw in which you can get rid of unwanted computer equipment. This can be done ecologically and safely. The vendors extend their services to the organizations thus helping them to remark, recycle as well as remarket the different types of equipment of the computer. Hence, the environmental concerns, legal risks, as well as, unnecessary costs of repairs and replacements are eradicated. Many companies opt for outsourcing the ITAD activities with the motive of reducing and preventing the hassles related to administration, labor costs, as well as, queries related to storage. 


The global market is flocked with ITAS vendors that offer very friendly destruction services. These services include certified ways of data destruction, electronic cycling, and much more. There is an expected growth of the global IT asset disposition market by the end of 2025. It has been registered that the IT asset disposition market size will be growing at a CAGR of 12%. 


COVID 19 Analysis 


The global pandemic has adversely affected the markets of various economies. The world was at a standstill during the lockdown. However, with the government regulations and opportunities for merging and altering the supply chain analysis, the key places of the ITAD market are taking a lot of steps towards overcoming the adverse effects. 


The increasing ownership of different kinds of electronic devices amongst the customers is acting as a driving force. The ITAD disposition is well-supporting equipment disposal that is free of any hurdles or issues. The products make their way towards disposal after they have completed their lifecycle. All this is gearing up for a great ITAD comeback post the COVID 19 era, thus, increasing their market size, globally. 


Market dynamics


Drivers 


The globe has a major footprint in the electronics industry. The vendors in this market are focusing on driving factors like product development as well as launching. The focus is on launching products that are efficient in terms of energy. In this way, they are catering to the needs of the customers, as well as, providing a good competitive edge in the market. Also, they are playing a major role in spreading the required information and awareness amongst the customers and businesses for the need to disposing of the computer equipment post use. 


Challenges 


For the businesses, to dispose of the already existing pieces of equipment is quite an issue that is prevalent amongst the dominant forces of the ITAD market, too. Most of the businesses are not even aware of these disposition services. The ones that are aware do not fully take up these services due to a lot of reasons. They do not want to invest in the process of disposition and sometimes, they do not know, how can these services affect your business, for the better.


Restraints 


The high cost of incurring the services as well as the lack of awareness amongst businesses are two significant restraints that restrict the ITAD market size growth. There needs to be a proper code and procedure followed before the deposition of the IT equipment. Owing to the lack of information, many businesses divert zero funds for the process of disposing of these items, after the competition of their performance cycle. 


Technology Analysis IT Asset Disposition Market Share 


Major strategy adoption is being felt by the IT Asset Disposition market trends. The ITAD service providers are making use of acquisitions as well as partnerships. By the end of the forecast period of 2019-2025, there is an expectation that many globally established players will be seen merging into bigger names or will be giving immense competition to the current dominants of the market. The regional players are expected to be roped in for improvising the networks for distribution both domestically as well as internationally. Precise detailing for finances, SWOT analysis, along with the business strategies are penetrating the existing market players for a boosted supply chain management towards various business sects. 


Segment overview 


The IT asset disposition (ITAD) market has various segments. The segment overview is done on the following basis: 


By Service



  • Destruction of data 

  • Reverse logistics 

  • Remarketing 

  • Value recovery 

  • De-manufacturing 

  • Recycling 

  • Logistics management 


By size of the organization 



  • SMEs

  • Large-sized enterprises 


By industry vertical 



  • IT and telecom 

  • Aerospace and defense 

  • BFSI

  • Manufacturing and entertainment 

  • education


Regional Analysis of the IATD Market


Areas covered 


The ITAD is a part of the electronic field all around the globe. To study the market’s prevalent conditions post the global pandemic, as well as, the expected growth, continents like Europe, South America, North America, the Middle East along with Africa, and the Asian Pacific regions have been covered. 


Present scenario 


There were frequent and more timely adopters of the IT Asset Disposition Market trends in the North American regions due to which the market is already growing in the current scenario. There are many leading ITAD service providers in this market. 


Forecasted period growth 


The IT Asset Disposition (ITAD) market is expecting to see the Asia-Pacific region as one of the major service providers by the end of the forecast period of 2025. Many big and giant tech companies in the Asia-Pacific region are adopting the technology as well as shifting to BYOD. Also, there is a need for huge investments in the side of technology, research, and development. The emerging data security needs are also playing a great role in the boost by the end of 2025. 


Competitive Analysis of the IT Asset disposition Market forecast 


There are many dominant players in the IT Asset Disposition market trends. Some of them are mentioned below: 



  • IBM Corporations (US)

  • Tes-Amm India Private Limited (India)

  • EOL IT Services (UK)

  • Sims Recycling Solutions. Inc (India) 

  • ITRenew (US)

  • Exit Technologies (France)

  • GreenTek Teman Pvt Ltd (India)

  • Maxicom Network Inc (India)

  • Dell (US)

  • HP (US)

  • Arrow Electronics (US)

  • TBS Indistries Inc. (US)


Dell, US, is one of the prominent leaders who belong to the North American market providing services and catering to IT asset disposition market trends. This business is investing greatly in spreading awareness related to the IT asset disposition market size. Also, product developments and launches are underway for focusing on the industry needs and achieving the set targets for the forecast period. 


Recent developments 



  • In 2019, there have been many technological advancements as well as innovations that have played a major role in enhancing the products that are energy efficient. 

  • The ITAD services are gaining more momentum and are widely being used in applications. 

  • Porter’s five forces analysis helps the suppliers, industry, competitors, potential entrants, in providing crucial information and awareness related to the disposition market. 

  • There are many innovations and investment opportunities in the upcoming future boosting the growth of the market size by the end of the forecast year of 2025. 

  • The advancement, as well as the technology innovation, is set to optimize the market in the future. 

  • The government policies in compliance with the market dynamics are undergoing developments and mergers to provide a better supply chain management as well as a competitive edge, globally. 


Report overview 


The global ITAD market report covers the following: 



  • Market overview 

  • COVID 19 analysis 

  • Market dynamics 

  • Segment overview 

  • Regional analysis 

  • Competitive analysis ‘

  • Recent developments in the ITAD market 


The report discusses future opportunities for the ITAD market, the pre, and post-effects of the covid era, as well as the recent developments. Also, the report mentions the target audience that are: 



  • Asset destruction machine manufacturers 

  • Logistics as well as packaging service providers 

  • IT asset disposition service providers

  • Developers of the software for data sanitization 

  • Government bodies as well as regulations related to health, safety, and environment. 



Frequently Asked Questions (FAQ) :


The ITAD market is expected to rise at a high CAGR of 12%. Also, the estimated figure for growth is USD 27 billion by the end of the forecast year of 2025.

Mobile devices, computers, and laptops, servers, as well as, storage devices, along with the peripherals are the type of assessing under the asset disposition market.

The market is currently witnessing the growth of companies like CloudBlue, Sims Recycling Solutions, Apto Solutions, as well as, Sims Recycling Solutions.

Mobile devices, computers, and laptops, servers, as well as, storage devices, along with the peripherals are the type of assessing under the asset disposition market.