IT Asset Disposition (ITAD) companies, focus on the responsible disposal and recycling of information technology assets. These companies ensure the secure and environmentally friendly disposal of obsolete or retired IT equipment, helping organizations manage e-waste and adhere to compliance regulations. IT Asset Disposition companies play a crucial role in the sustainable and secure management of electronic waste.
Competitive Landscape of IT Asset Disposition Market:
The IT Asset Disposition (ITAD) market is characterized by a highly competitive landscape, driven by the increasing need for efficient and secure disposal of electronic assets. Several key players dominate the market, employing diverse strategies to maintain and enhance their market positions. Some of the prominent companies in the ITAD market include Dell Technologies, HP Inc., IBM Corporation, Arrow Electronics, and Sims Lifecycle Services. These industry leaders have established their dominance through a combination of factors such as global presence, service offerings, and robust client relationships.
Key players:
Strategies Adopted:
Global Presence:Â Major players in the ITAD market have strategically expanded their operations globally, enabling them to cater to a wide range of clients across different regions. This approach not only enhances their market reach but also allows them to tap into emerging markets with growing IT asset disposal needs.
Service Diversification:Â Companies have diversified their service portfolios to offer end-to-end IT asset disposition solutions. This includes services such as data destruction, equipment refurbishment, recycling, and remarketing. This comprehensive approach enables them to meet the varied requirements of clients seeking a one-stop solution for their IT asset disposition needs.
Strategic Partnerships:Â Collaboration and partnerships play a crucial role in the competitive landscape of ITAD. Key players often form strategic alliances with other companies to strengthen their service offerings or expand their geographical reach. These partnerships enable them to leverage each other's strengths and provide more comprehensive solutions to clients.
Technological Innovation:Â Staying ahead in the ITAD market requires continuous technological innovation. Companies invest in research and development to adopt advanced technologies for data sanitization, asset tracking, and environmentally friendly disposal methods. This commitment to innovation enhances their competitiveness and positions them as leaders in the market.
Factors for Market Share Analysis:
Client Relationships:Â The strength of client relationships is a significant factor influencing market share. Companies that build and maintain strong partnerships with clients through reliable services, adherence to compliance standards, and responsive customer support are more likely to retain and expand their market share.
Compliance and Certification:Â Adherence to industry regulations and certifications is critical in the ITAD market. Companies with comprehensive compliance programs and recognized certifications gain a competitive edge, as clients prioritize working with service providers who can ensure secure and compliant asset disposition.
Environmental Sustainability:Â Increasing awareness and emphasis on environmental sustainability contribute to market share analysis. Companies that demonstrate a commitment to eco-friendly disposal methods, recycling practices, and reducing electronic waste are favored by clients seeking responsible and sustainable IT asset disposition solutions.
New and Emerging Companies:
Blancco Technology Group:Â A relatively newer player, Blancco has gained recognition for its focus on data erasure solutions. The company's emphasis on secure data destruction aligns with the increasing importance placed on data security in the ITAD market.
Apto Solutions:Â Apto Solutions has emerged as a notable player, specializing in IT asset disposition services. The company's customer-centric approach and tailored solutions have contributed to its growth in the competitive landscape.
ITRenew:Â Known for its circular data center solutions, ITRenew has entered the ITAD market with a focus on sustainable and efficient asset disposition. The company's innovative approach to repurposing IT equipment aligns with the industry's growing emphasis on circular economy principles.
Current Company Investment Trends:
Technology Infrastructure:Â Major players are allocating significant investments to enhance their technological infrastructure. This includes upgrading data sanitization processes, implementing advanced tracking systems, and incorporating automation for streamlined IT asset disposition workflows.
Geographical Expansion:Â Investment trends indicate a continued focus on global expansion. Companies are allocating resources to establish a presence in emerging markets, tapping into regions with a growing demand for ITAD services and creating a more extensive network to serve multinational clients.
Employee Training and Certification:Â To ensure compliance and maintain service quality, companies are investing in employee training and certification programs. This investment aims to equip staff with the necessary skills and knowledge to handle evolving compliance standards and technological advancements in IT asset disposition.
Research and Development:Â Ongoing research and development initiatives remain a priority for companies in the ITAD market. Investments in R&D are directed towards developing innovative solutions, improving existing processes, and staying ahead of emerging trends in data security and environmental sustainability.
Latest Company Updates:
As part of their sustainability efforts towards the reduction and recycling of e-waste, Bharat Petroleum Corporation Limited (BPCL), a Fortune Global 500 company and a "Maharatna," today announced the beginning of a new project called "Sound Management of waste Disposal (SMWD)" in 2023.
In order to assist businesses in achieving their ESG and circular economy goals, ERI will offer responsible IT asset disposal and e-waste recycling in 2023. These days, corporate responsibility extends well beyond shareholder value and profit margins. In an effort to develop robust and sustainable business models, businesses are adopting environmental, social, and governance (ESG) activities at an increasing rate. In 2023, stakeholders, investors, employees, consumers, and board members of almost all large organisations will want to receive ESG and sustainability reports outlining the company's efforts.
IT Asset Disposition (ITAD) Market Size was valued at USD 15.55 billion in 2021. The IT asset disposition market industry is projected to grow from USD 16.83 Billion in 2022 to USD 29.21 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.20% during the forecast period (2024 - 2030). Rising requirements for data and information security in old assets, the evolution of technologies and consolidation of the BYOD trends, and the shift toward energy-efficient products are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
March 2023
A new 40,000 square foot facility for TES, a world leader in sustainable IT lifecycle management services and IT asset disposition has been opened in Las Vegas in January 2023. By providing a full range of IT Asset Disposal services, this facility boosts TES's processing capacity & serves the West Coast's sizable technology industry.
In addition to on-site data destruction, data centre decommissioning, & the resale or redeployment of parts & assets, the Las Vegas facility will also offer testing, grading, mending, refurbishing, and recycling services. With the addition of this facility, TES will have invested approximately $10 million in the ITAD infrastructure all over its North American sites over the preceding five years, complementing its current infrastructure.
According to Eric Ingebretsen, TES's Chief Commercial Officer, they are committed to providing sustainable and effective IT lifecycle solutions that not only suit their clients' demands but also contribute to a healthy planet. That dedication is echoed in their new Las Vegas facility, which offers best-in-class IT asset disposition services in line with their clients' expectations for data and information protection.
The Las Vegas facility was specifically created to handle complicated regulatory requirements and to take away any obstacles that would prevent firms from utilizing a comprehensive ITAD program.
Evolution of technologies and consolidation of BYOD trend to boost market growth Organizations use new technologies to enhance the effectiveness and efficiency of different work processes. However, a lot of technology-based services and products are replaced with the latest models before ever achieving their full potential. Additionally, unwanted IT equipment needs to be disposed of as a result of data centre consolidation, virtualization, and expanding cloud adoption. The majority of companies are also adopting bring your own device (BYOD) in the office as working remotely has become the trend. Thus, the rising adoption of bring your own device in organizations is anticipated to support the market growth during forecast period. In Jan. 2022, Apple has announced some impressive and sweeping changes to how it will manage Apple devices in the coming years. BYOD is improved with Workspace ONE 2111 and iOS 15 due to enhancements to User Enrollment and Needed Apps. This new procedure in iOS 15 is easier to use and moves more rapidly than its predecessor, which will enhance user experience and encourage increased rates of BYOD usage for organizations.
The increase in the need for data security in old assets performs as one of the major drivers of IT asset disposition market. The market expansion is accelerated by the execution of regulatory compliances and environmental safety, which is made possible by the prevalence of legislation that require secure and environmentally responsible disposal of e-waste. Small and medium-sized companies growing demand for IT asset disposal and their increased propensity to develop energy-efficient products both have an impact on the industry. Moreover, there has been a rise in investments, a growth in end-use industries, the acceptance of cloud-based technologies, and the application of new technologies. Additionally, profitable options for market participants are expanded through strategic alliances and acquisitions, as well as a rise in sales of used equipment on online auction platforms or to employees.
The IT asset disposition market segmentation, based on Asset Type, includes computers, Mobile Devices, Servers, Digital Storage Devices, and Peripherals. In 2021, the computer segment held a large market share, accounting for roughly 42%–45% of the total market value. During the forecast period, this segment is anticipated to expand rapidly. This is because companies are becoming more inclined to reuse and refurbish old computers.
Feb 2022: Circular Computing, a leader in remanufactured IT, has announced the launch of a brand-new international IT Asset Disposition (ITAD) programme. The new project is expected to be the most sustainability ITAD programme of its type, according to the company, and is meant to assist ITAD thought leaders in providing a sustainable solution to reduce their e-waste. With the help of Circular's initiative, customers' e-waste can be transformed into durable, remanufactured products that will have a life cycle of at least three years, all while being of "equal to or better than new" quality.
The ITAD market segmentation, based on Service, includes Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, and Remarketing. The Data Destruction segment dominated the market in 2021. The IT asset disposition market is anticipated to continue to be dominated by the data destruction service segment throughout the forecast period. Data destruction services are in high demand due to the growing requirement for the correct disposal of IT assets and the threat of sensitive data contained in outdated assets being stolen. Data and information security is critical for any company. Therefore, in order to reduce the danger of a data breach, financial risk, and threat to brand image, all data or information from the asset must be totally destroyed before it is physically destroyed or before it is forwarded to another step of asset disposition.
The IT asset disposition market data has been bifurcated by Vertical into Aerospace & Defense, Energy and Power, Pharmaceutical, Oil. The Energy and Power segment dominated the market in 2021. The investment in energy and power sector and rising IT spending in energy and power is anticipated to dominate the market growth during forecast period.
Figure 2 IT ASSET DISPOSITION (ITAD) Market, by Vertical, 2021 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America IT Asset Disposition (ITAD) market dominates the market accounted 43.20% share. The booming IT market and expanding number of cloud data center services in the region are credited with the region's growth. Additionally, it is anticipated that the existence of various ITAD service providers and the widespread acceptance of cloud-based technologies will accelerate market expansion.
Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3Â IT ASSET DISPOSITION (ITAD) MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe IT asset disposition (ITAD) market accounts for the second-largest market share due to rising demand for data and information security in obsolete assets. The market expansion is accelerated by the implementation of regulatory compliances and environmental safety, which is made possible by the prevalence of regulations that require secure and ecologically responsible disposal of e-waste. Further, the Germany IT asset disposition (ITAD) market held the largest market share, and the UK IT asset disposition (ITAD) market was the fastest-growing market in the European region.
The Asia-Pacific IT Asset Disposition (ITAD) Market is expected to grow at the fastest CAGR from 2022 to 2030. This is owing to the emergence of digitization and technological advancements, that has led to the substitution of older infrastructure. Considering its booming IT markets, nations like Japan, China, and India are among the top providers of ITAD services. According to the United Nations University, India produces over 2 million metric tons of electronic trash each year, of which 82% comes from personal electronics. In India, demand for ITAD services has increased significantly over the past several years in order to guarantee and manage the safe disposal of the generated e-waste. Moreover, China's IT asset disposition (ITAD) market held the largest market share, and the India IT asset disposition (ITAD) market was the fastest-growing market in the Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the IT asset disposition (ITAD) market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the IT asset disposition (ITAD) industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the ITAD industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, IT asset disposition industry has provided ITAD solution and services with some of the most significant benefits. The IT asset disposition (ITAD) market major player such as Dell (US), IBM Corporations (US), Tes-Amm India Private Limited (India), and others are working to expand the market demand by investing in research and development activities.
Feb. 2020, Dell Technologies (US) signed a deal with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board, and AlpInvest Partners to acquire RSA. RSA gives risk, security, and fraudulent teams the tools they need to manage digital risk holistically. These tools include omnichannel fraud prevention, integrated risk management, threat detection and response, and identity and access management.
In July 2019, TES (Singapore) owned Integrations et Services (I&S) (France), a leading supplier of configuration to order, orchestrating, and IT deployment services all over France and mainland Europe, to fabricated structural end-to-end IT lifecycle remedies while also helping its customers manage the complex nature and risks that are inherent in them.
Also, in Feb. 2022, an agreement was entered into by IBM, Worley, and ABB on behalf of energy firms to construct and run green hydrogen facilities. ABB will provide electrical infrastructure, Worley will give engineering and construction experience, and IBM will provide system integration services.
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), among others
March 2023- A new 40,000 square foot facility for TES, a world leader in sustainable IT lifecycle management services and IT asset disposition has been opened in Las Vegas in January 2023. By providing a full range of IT Asset Disposal services, this facility boosts TES's processing capacity & serves the West Coast's sizable technology industry.
In addition to on-site data destruction, data centre decommissioning, & the resale or redeployment of parts & assets, the Las Vegas facility will also offer testing, grading, mending, refurbishing, and recycling services. With the addition of this facility, TES will have invested approximately $10 million in the ITAD infrastructure all over its North American sites over the preceding five years, complementing its current infrastructure.
According to Eric Ingebretsen, TES's Chief Commercial Officer, they are committed to providing sustainable and effective IT lifecycle solutions that not only suit their clients' demands but also contribute to a healthy planet. That dedication is echoed in their new Las Vegas facility, which offers best-in-class IT asset disposition services in line with their clients' expectations for data and information protection.
The Las Vegas facility was specifically created to handle complicated regulatory requirements and to take away any obstacles that would prevent firms from utilizing a comprehensive ITAD program.
Computer
Mobile Devices
Servers
Storage Devices
Peripherals
Data Destruction
Recycling
Reverse Logistics
De-Manufacturing
Remarketing
SMEs
Large Enterprise
Aerospace & Defense
Energy and Power
Pharmaceutical
Oil
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
IT Asset Disposition Market Highlights:
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