How Has the IT Asset Disposition Market Size Grown and What Do Future Projections Indicate?
In recent times, the IT asset disposition market has experienced steady growth, with a rise from $19.13 billion in 2024 to a projected $20.66 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.0%. Factors contributing to growth in the historic period include asset value recovery, emerging market demand, obsolete equipment handling, consumer electronics turnover, and developments in globalization and supply chain management.
The IT asset disposition market size is expected to witness rapid growth in the next few years, forecasted to reach $31.89 billion in 2029, at a CAGR of 11.5%. Growth projections can be attributed to forthcoming trends such as data center decommissioning, asset recovery and value maximization, consumer awareness and e-waste management, end-of-life IT hardware upgrades, and globalization of ITAD services. Major trends in the forecast period include environmental regulations, circular economy initiatives, remote workforce trends, and IT hardware upgrades.
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What Factors Are Driving the Growth in the IT Asset Disposition Market?
A significant driver for the IT asset disposition market is the growing usage of electronic devices. The effect of the COVID-19 pandemic and subsequent lockdowns has increased the demand for electronics as telecommuting becomes more commonplace for both business and education. Electronic devices are vital in regulating the movement of electrical currents for information processing and system control. IT asset disposition assists in safeguarding business data and properly decommissioning and disposing of various electronic devices.
In context, LG, a South Korea-based consumer electronics company, recorded its biggest annual revenue ever in 2022, with sales surpassing $60 billion for the first time in company history. This marked a 12.9% increase from 2021. The significant rise in electronic device usage undoubtedly fuels the growth of the IT asset disposition market.
What Are the Major Segments in the IT Asset Disposition Market?
The IT asset disposition market covered in this report is segmented as follows:
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 Organization 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
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Which Major Players Operate in The IT Asset Disposition Market?
Several major companies operate in the IT asset disposition market, including Dell Technologies Inc., Hewlett Packard Enterprise Company, International Business Machines Corporation, Sims Limited, Iron Mountain Incorporated, Tes-Amm India Private Limited, Apto Solutions Inc., LifeSpan International Inc., Arrow Electronics Inc., EOL IT Services LLC, Exit Technologies Inc., GreenTek Teman Pvt Ltd, Maxicom Network Inc., TBS Industries Inc., CloudBlue Technologies Inc., CompuCycle USA LLC, EPC Inc., Electronic Recyclers International Inc., Excess Logic LLC, Insight Enterprises Inc., IT Liquidators LLC, IT Renew Inc., ITAD Solutions LLC, Liquid Technology Inc., NextUse LLC, PlanITROI Inc., Procurri LLC, Redemtech Inc., and Stone Environmental Inc.
What Are the Emerging Trends in the IT Asset Disposition Market?
One emerging trend in the IT asset disposition market is the rise of strategic partnerships. Major players are forming alliances to sustain market presence. For instance, in October 2023, Dynamic Lifecycle Innovations partnered with TD Synnex. As a result of this partnership, they can offer integrated solutions for IT asset disposal, data security, and recycling.
What Is the Regional Analysis of the IT Asset Disposition Market?
In 2024, Asia-Pacific was the largest region in the IT asset disposition market. The market report includes wide geographic coverage, encapsulating regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The IT Asset Disposition Market Report 2025 Offer?
IT asset disposition refers to the specialized management of technological assets like laptops, desktop computers, tablets, enterprise equipment, data center cloud equipment, and smartphones. It is a crucial aspect of IT asset management that plays a pivotal role in decommissioning, disposing of, or utilizing unwanted IT equipment. This helps avoid potential environmental, financial, and reputational repercussions. The IT Asset Disposition Market research report provides insights into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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