Worldwide IT Asset Disposition Industry to be focused by Environmental Concerns

Rapid advancements in technology have led to the reduction of the lifecycle of IT equipment. With handheld mobile devices such as smartphones, tablets, and laptops being constantly upgraded with new features, the older versions of these devices are discarded by consumers. The generation of a large amount of discarded IT assets need safe disposal to have minimum impact on environment as dumping these discarded IT assets in landfills would have hazardous effects on land and water. The global IT asset disposition (ITAD) market is expected to expand at a CAGR of 7.1% during the period between 2016 and 2024. The overall market was worth US$9.89 bn in 2015 and is projected to stand at a valuation of 18.18 bn by 2024.

Mobile devices, computers/laptops, storages, peripherals, and servers are the key types of assets in the global IT disposition market. Computers and laptops form the major chunk of IT equipment that are recycled and refurbished. The global manufacturers of IT assets such as Apple Inc., Huawei, Microsoft, HP, and Amazon have detailed protocols for recycling their products. A number of vendors in the IT asset disposition market have entered into partnerships with these companies to expand their presence. The introduction of automation in IT asset disposition has helped service providers to keep a tab on every asset in an organization and plan strategies for asset disposition.

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Mergers & Acquisitions to Dominate Global IT Asset Disposition Market

Some of the key players in the global IT asset disposition market are ITRenew Inc., TBS Industries, CloudBlue Technologies Inc., Arrow Electronics Inc., Sims Recycling Ltd., Dataserv Group, Iron Mountain Incorporated, Apto Solutions Inc., LifeSpan International Inc., TES-AMM Pte Ltd., Dell Inc., and Hewlett Packard Enterprise Development LP. A number of key players focussed on mergers and acquisitions after the market rebounded post global financial crisis in 2008. The two-year period after the financial crisis witnessed closure of several e-waste recycling facilities. These mergers and acquisition deals witnessed some of outside firms showing interest in getting into ITAD services.

In the recent times, the merger and acquisition activities in the global ITAD market have slowed down sharply due to the weakness in commodity market. The dip in prices of recovered metals has made electronic recycling process unprofitable for many facilities across the globe. However, the future of the ITAD market appears bright with a number of financial firms showing interest to invest in companies offering ITAD services. Further, there have been some recent acquisition deals that provide growth opportunities for the market. For example, Dataserv Group has been acquired by TES-AMM. Last year, in order to strengthen its core operations, Sage SE announced the acquisition of Hugo Neu Recycling.

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