Asset Recovery Services Market will reach at $23.2 billion by 2032., demand and future scope with Russia-Ukraine Crisis Impact Analysis -IBM, Sims Recycling, Dell, Lenovo, HPE, Minntek, Atlantix, Avnet, NorthStar, iQOR, PCM, Nokia

Asset Recovery Services Market will reach at $23.2 billion by 2032.
Once IT equipment reaches the end of its usage for a particular user (not necessarily the end of their lifecycle), the equipment is recovered and re-invested back to the present system. This recovery and re-investment process helps the companies save costs that would have otherwise been spent on procuring surplus equipment. IT asset recovery services, therefore consist of two parts. The first part is where assets are recovered which is also known as asset disposition and the second part is where the asset is used back into the system. Most of the IT asset recovery service providers conduct the first course of action, i.e. act as IT asset disposition service providers. Once the equipment is put back into the system, the client uses it at their convenience.

Demand Outlook
The global market for IT asset recovery services was valued at USD 13.4 billion in 2020 and is expected to grow a steady CAGR of 7.9% to reach USD 19.6 billion by 2025. The market can be segmented by the type of device recovered or by service type (for example, de-manufacturing and recycling, remarketing and value recovery, data destruction, sanitation, or recovery, and logistics management and reverse logistics).

The North American market is the largest market for IT asset recovery. High data and environmental regulatory standards have led to the rise of IT asset recovery services. The IT asset recovery service market in Asia-Pacific is expected to demonstrate the highest growth rate since 2018 and is expected to show the highest growth rate till 2025 as well.

Key Players Mentioned in the Asset Recovery Services Market Research Report: IBM, Sims Recycling, Dell, Lenovo, HPE, Minntek, Atlantix, Avnet, NorthStar, iQOR, PCM, Nokia

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Constraints
The IT asset recovery services market is highly fragmented with several small-scale and regional players being a part of the market. This is more prevalent in the APAC region. With the absence of the regulatory standard for disposal, the small-scale players often do not follow sustainable practices while recovering or destroying the products. Such recovery means are not only harmful to the environment but also leave a scope of data recovery by unsolicited parties. In such cases, this will not only become detrimental for the customers for IT asset recovery providers due to data theft issues but also for the reputation of the service providers.

Supply Chain
The key service providers of IT asset recovery are Avnet Inc., Dell Technologies Inc., HP, IBM, Sims Limited, Iron Mountain, CompuCom, 3stepIT, TES, Apto Solutions, etc. The IT asset recovery services market is fragmented in nature. The top 5 companies make up barely 40% of the overall market. Grand View Research will help our client identify the best-suited suppliers by mapping their core capabilities and operational efficiency.

Asset Recovery Services Market

Personal, Commercial, Military, Other.

Application as below

SD Card, Hard Disk, USB Drive, Mobile Phone, PC & Tablet, Other

The global market for Asset Recovery Services is segmented on the basis of product, type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Asset Recovery Services Market. Experts have analyzed the nature of development, investments in research and development, changing consumption patterns, and growing number of applications. In addition, analysts have also evaluated the changing economics around the Asset Recovery Services Market that are likely affect its course.

The regional analysis section of the report allows players to concentrate on high-growth regions and countries that could help them to expand their presence in the Asset Recovery Services market. Apart from extending their footprint in the Asset Recovery Services market, the regional analysis helps players to increase their sales while having a better understanding of customer behavior in specific regions and countries. The report provides CAGR, revenue, production, consumption, and other important statistics and figures related to the global as well as regional markets. It shows how different type, application, and regional segments are progressing in the Asset Recovery Services market in terms of growth.

Asset Recovery Services Market Report Scope

ESTIMATED YEAR 2022

BASE YEAR 2021

FORECAST YEAR 2029

HISTORICAL YEAR 2020

UNIT Value (USD Million/Billion)

The Asset Recovery Services report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region during the estimated period.

North America (USA and Canada)
Europe (UK, Germany, France and the rest of Europe)
Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
Latin America (Brazil, Mexico, and the rest of Latin America)
Middle East and Africa (GCC and rest of the Middle East and Africa)
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Key questions answered in the report:

Which are the five top players of the Asset Recovery Services market?
How will the Asset Recovery Services market change in the next five years?
Which product and application will take a lion's share of the Asset Recovery Services market?
What are the drivers and restraints of the Asset Recovery Services market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Asset Recovery Services market throughout the forecast period?
Note - To provide a more accurate market forecast, all our reports will be updated prior to delivery considering the impact of COVID-19.

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