Cloud Computing Data Center IT Asset Disposition (ITAD) Market Analysis and Forecast 2024-2031

The global cloud computing data center IT Asset Disposition (ITAD) market is expected to grow at a significant CAGR during the forecast period. The major factors contributing to the growth of the global cloud computing data center ITAD market include the rising demand for disposition of IT assets with the growing adoption of cloud services globally. Additionally, the growing need for secure data elimination in organizations will propel the growth of the data sanitization segment of the market. Moreover, the rising technological advancements in the IT sector leading to the adoption of next-generation IT assets and the disposition of older assets will boost the growth of the market.

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Data center ITAD is the process of methodically decommissioning and retiring IT assets from the active environment while ensuring that they are disposed of in a secure and ecologically appropriate way. IT assets that have been retired are resold, recycled, or redeployed to another corporate facility. Many organizations use ITAD solutions to recycle and destroy IT equipment in an ecologically friendly, dependable, and secure manner. Several companies globally are progressively implementing ITAD solutions to decrease the risk of data loss, manage IT equipment disposal, prevent monetary loss, and cut costs. Artificial intelligence (AI), cloud computing, the internet of things (IoT), and big data analytics have prompted the need for IT asset disposal solutions to improve data protection. Furthermore, the use of cloud computing in ITAD has improved the process efficiency.

The major players contributing to the growth of the global cloud computing data center ITAD market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include SAP Ariba, Sims Recycling Solutions, Apto Solutions, Iron Mountain, CloudBlue, among others. For instance, in August 2020, Sims Recycling Solutions announced the opening of a new facility in Mexico, named Tampa Innovation Centers customized to increasing the redeployment, reuse, and recyclability of retired IT equipment, including data center material.

Global Cloud Computing Data Center IT Asset Disposition (ITAD) Market- Segmentation

By Asset Type

• IT Equipment
o Server
o Storage Devices
o Network Gears
o Cables
o Racks
• Support Infrastructure
o Physical Security Systems
o Environmental Controls
o Uninterruptible Power Sources (UPS)

By Solution

• Data Sanitization
• Recovery (Reuse, Resale, and Remarketing)
• Recycling

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Cloud Computing Data Center IT Asset Disposition (ITAD) Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• SAP Ariba
• Sims Recycling Solutions
• Apto Solutions
• Iron Mountain
• CloudBlue

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