IT Asset Disposition (ITAD) Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global IT Asset Disposition Market was valued at USD 15.4 billion in 2023 and is projected to grow at over 8% CAGR from 2024 to 2032. This growth is driven by stringent regulations on e-waste disposal and recycling, such as the WEEE Directive in Europe and India's E-Waste (Management) Amendment Rules, 2018, which require organizations to recycle 70% of their e-waste. Data breaches are becoming more common and costly, increasing the demand for ITAD services to protect sensitive information and avoid legal repercussions. The 2024 Data Breach Investigations Report by Verizon Business analyzed over 8,300 security incidents in EMEA, with over 70% confirmed breaches. ITAD services ensure secure data destruction, complying with laws like GDPR in Europe and CCPA in California.

The overall IT asset disposition industry is classified based on the asset type, services, enterprise size, industry vertical, and region.

The market is segmented by enterprise size into large enterprises and SME. Large enterprises held over 65% of the market share in 2023 and are expected to exceed USD 20 billion by 2032. Their extensive IT infrastructure generates a high volume of retired assets, necessitating efficient disposition solutions. Rapid technological advancements also require regular updates and disposals of obsolete IT assets. Additionally, large enterprises often face complex regulatory requirements for data security and environmental compliance, which further drives the need for specialized asset disposition services.

By asset type, the market includes computers/laptops, peripherals, smartphones & tablets, storage devices, servers, and others. Computers/laptops held a 31% market share in 2023. The rise of remote work and mobility has increased the demand for laptops, leading to higher turnover rates. Organizations frequently upgrade their systems, resulting in more retired assets needing disposition. Furthermore, the growing integration of advanced technologies in laptops, such as solid-state drives and high-resolution displays, accelerates obsolescence and turnover. As a result, organizations are increasingly seeking efficient and secure methods to manage and dispose of outdated technology.

North America held around 34% of the market share in 2023 and is expected to grow significantly through 2032. The region's growth is attributed to robust environmental regulations mandating proper e-waste recycling and disposal. Companies seek ITAD services to comply with these regulations and support sustainability efforts. For example, eWaste Direct adheres to certified recycling standards like Responsible Recycling (R2) and e-Stewards. The rapid pace of technological innovations in the U.S. leads to frequent IT asset upgrades and disposals, driving demand for efficient ITAD services.

Product Code: 6549

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Market 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 IT asset owners
- 3.2.2 ITAD service providers
- 3.2.3 Logistics providers
- 3.2.4 Refurbishes and resellers
- 3.2.5 Recyclers and dismantlers
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch and innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing data security and privacy concerns
  - 3.8.1.2 Rising e-waste volumes
  - 3.8.1.3 Increasing awareness of environmental issues
  - 3.8.1.4 Cost reduction and revenue generation for IT firms
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Inadequate resources for recycling
  - 3.8.2.2 E-waste disposal challenges
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market, By Asset Type, 2021-2032 ($ Bn)

5.1 Key trends
5.2 Computers/Laptops
5.3 Smartphones and tablets
5.4 Peripherals
5.5 Storages
5.6 Servers
5.7 Others

Chapter 6 Market, By Services, 2021-2032 ($Bn)

6.1 Key trends
6.2 Reverse logistics
6.3 Data destruction
6.4 Remarketing
6.5 Value recovery
6.6 De-manufacturing
6.7 Recycling
6.8 Logistics management
6.9 Others

Chapter 7 Market, By Enterprise Size, 2021-2032 ($Bn)

7.1 Key trends
7.2 Large enterprises
7.3 SME

Chapter 8 Market, By Industry Vertical, 2021-2032 ($Bn)

8.1 Key trends
8.2 BFSI
8.3 Healthcare
8.4 It and telecommunication
8.5 Government
8.6 Energy and utilities
8.7 Media and entertainment
8.8 Others

Chapter 9 Market, By Region, 2021-2032 ($Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of South America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 UAE
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Apto Solutions Inc.
10.2 CompuCom Systems, Inc.
10.3 Dell Inc.
10.4 DMD Systems Recovery Inc.
10.5 Exit Technologies
10.6 GreenTek Reman Pvt Ltd
10.7 Hewlett Packard Enterprise Development LP
10.8 IBM Corporation
10.9 Ingram Micro Services
10.10 Iron Mountain Incorporated
10.11 LifeSpan International
10.12 Park Place Technologies
10.13 Sims Recycling Ltd.
10.14 Technimove
10.15 SK TES-AMM Pte Ltd.