Global Asset Disposition Market to be spearheaded by Servers Disposition, flourishing at a 7.4% CAGR, forecasts FMI

Published January 27, 2023

The market for disposing of IT assets is estimated to register a CAGR of 7.4% from 2022 to 2032. The market for disposing of IT assets is predicted to grow from US$ 15.6 billion in 2022 to US$ 31.8 billion in 2032. The industry saw a Y-o-Y gain of 7.6% from 2021 to 2022.

“A key driver of market expansion during the analysis period is the increase in demand for data and information security in aged assets.”

Factors include the necessity to store assets in inventory for resale, the desire to maximise asset value recovery, and the rising use of electronic devices like mobile phones, laptops, and tablets for business usage are likely to boost market expansion over the forecast period.The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries.

The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

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Important conclusions from the market study

  • By 2022, the global market for disposing of IT assets will be worth US$15.6 billion.
  • The IT Asset Disposition Market will generate a global demand of US$ 11.4 Bn in 2032, with the U.S. accounting for the largest value share.
  • Demand for IT Asset Disposition increased at a CAGR of 8.1% from 2015 to 2021.
  • With a CAGR of 7.1%, the servers asset type accounts for the majority of the market for disposing of IT assets.

According to an FMI researcher, “the growing necessity for data and information security in aged assets is a crucial element fueling the market expansion during the analysis period.”

Competitive Landscape

Players in the global IT Asset Disposition Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

· In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.

· In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.

· In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Key Players

  • Hewlett Packard Enterprise (HPE)
  • Dell Technologies
  • IBM
  • Sims Limited
  • Iron Mountain
  • CompuCom
  • 3stepIT
  • TES
  • Apto Solutions
  • LifeSpan International
  • Total IT Global
  • OceanTech
  • BRP Infotech
  • Curvature

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

  • IT Asset De-Manufacturing and Recycling
  • IT Asset Remarketing and Value Recovery
  • IT Asset Data Destruction/Data Sanitization
    • On-site Data Destruction
    • Off-site Data Destruction
  • IT Asset Logistics Management and Reverse Logistics
  • Other Services
    • On-site Equipment Audit Solution
    • Online Client’s Portal

IT Asset Disposition by Asset Type

  • Computers/Laptops Disposition
  • Servers Disposition
  • Mobile Devices Disposition
  • Storage Devices Disposition
  • Peripherals Disposition
    • Networking Devices
    • I/O Devices

IT Asset Disposition by Organization Size

  • IT Asset Disposition for SMEs
  • IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

  • IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
  • IT Asset Disposition in IT and Telecom
  • IT Asset Disposition in Educational Institutions
  • IT Asset Disposition in Healthcare Industry
  • IT Asset Disposition in Aerospace and Defense
  • IT Asset Disposition in Public Sector and Government Offices
  • IT Asset Disposition in Manufacturing
  • IT Asset Disposition in Media and Entertainment
  • IT Asset Disposition in Other Industries
    • Energy and Utility
    • Construction and Real Estate
    • Logistics and Transportation

IT Asset Disposition by Region

  • North America IT Asset Disposition Market
  • Latin America IT Asset Disposition Market
  • Europe IT Asset Disposition Market
  • Asia Pacific IT Asset Disposition Market
  • Middle East and Africa IT Asset Disposition Market

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