The report “IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region – Global forecast to 2027” The global IT Asset Disposition Market size is projected to grow from USD 15.5 billion in 2022 to USD 23.5 billion by 2027; it is expected to grow at a CAGR of 8.7% from 2022 to 2027.
Recent Developments in IT Asset Disposition Market
#1.
IBM, Worley, ABB three companies signed a memorandum of understanding
for energy companies to build and operate green hydrogen facilities.
Worley will provide engineering and construction expertise; ABB will
offer electrical infrastructure and IBM will offer system integration
services.
#2. Sims Lifecycle Services partnered with Dutch Data Center Association to be a high-quality supplier of data center services. This partnership strengthened the economic growth and presence of the data center sector within the European region.
IT asset disposition market based on service has been segmented into Remanufacturing and recycling, Remarketing & Value Recovery, Data Destruction/ Data Sanitization, Logistics Management & Reverse Logistics and Other Services. The data destruction/data sanitization service segment is expected to continue to account for the largest size of the IT asset disposition market during the forecast period. The growing need for the proper disposal of IT assets and the risk of important information stored in old assets getting leaked are fueling the demand for data destruction/data sanitization services.
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Browse 188 market data Tables and 49 Figures spread through 219 Pages and in-depth TOC on “IT Asset Disposition Market by End User and Region – Global forecast to 2027”
Reselling end-of-life IT assets enables recovering operating capital and reducing electronic waste
Remarketing & Value Recovery refers to the concept of reusing and remarketing the used and retired assets back into the market to generate some recovery value or revenue out of it. Before disposing off any hardware, an IT asset disposition service provider will explore all options for reuse. Once IT assets reach the end of their lifespan, through a comprehensive IT asset remarketing program, it is possible to realize a number of significant benefits, including lowering the total cost of ownership for IT assets by capturing the remaining value.
Data sanitation, majorly performed on storage devices to prevent data leakage
NIST
800-88 is a standard known for its data sanitization categories of
Clear, Purge, and Destroy. The principles can apply to magnetic,
flash-based, and other storage technologies—from USB drives to servers.
The goal is to effectively sanitize media so that any and all data is
irretrievable once the data or data storage device reaches the
end-of-life stage. Devices such as tapes, disk drives, cartridges, and
other storage devices are sanitized by NIST specifications using their
principles. Any drive that cannot be cleared/purged using a 1-pass
overwrite are physically destroyed to ensure that data cannot be
recovered.
By Service:
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitation
- Logistics Management and Reverse Logistics
Large Enterprises adopt IT asset disposition to reduce impact of e-waste
Large enterprises are generally well-established companies with a developed infrastructure and regional, national, or global operations. Such enterprises operate from multiple locations and have more than 1,000 employees. Large enterprises include private and public sector firms. Companies in this segment have the budget, expertise, and policies to overcome any issues related to safety, policy, and environment in the competitive world. The main concern for large enterprises is to extract the maximum value from the assets and other resources available with the organization to gain a competitive advantage.
North America to hold the largest market share during the forecast period
North America dominated the IT asset disposition market and is expected to maintain this position through the forecast period. Due to the region’s high spending power and presence of much IT asset disposition service providers in the region, North America is expected to hold the largest market size during the forecast period.
The key players operating in the IT Asset Disposition market are Dell Technologies (US), Hewlett Packard Enterprise (US), IBM (US), Sims Limited (Australia), Iron Mountain (US), 3Step IT(Finland), TES (Singapore), and Apto Solutions (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.
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