Press release
Global IT Asset Disposition Market: Strong Growth Spotlighted through 2029
IT Asset Disposition Market
Exploring the Triggers Behind the Soaring IT Asset Disposition Market: Statistics, Key Players, and Trends
What Is The Projected Market Size Of The Global IT Asset Disposition Market And Its Growth Rate?
The IT Asset Disposition market is enjoying strong growth after years of steady expansion, with specific markers indicating the following:
• Market Size in 2024: $19.13 billion
• Market Size in 2025: $20.66 billion (CAGR of 8.0%)
• Reasons for Historic Growth: Asset value recovery, emerging market demand, handling of obsolete equipment, turnover of consumer electronics, and globalization and supply chain management.
• Market Size in 2029: $31.89 billion (CAGR of 11.5%)
• Reasons for Forecasted Growth: Data center decommissioning, asset recovery and value maximization, consumer awareness and e-waste management, upgrades of end-of-life IT hardware, and globalization of ITAD services.
What Is Driving The Growth In The IT Asset Disposition Market?
The upward trajectory of the IT Asset Disposition market is largely attributable to increasing usage of electronic devices. Unprecedented circumstances like the COVID-19 pandemic and subsequent lockdowns have led to a surge in telecommuting for business, education, and recreation purposes. Such changes in living conditions have led to an increased demand for electronic equipment, effectively driving the growth of the IT asset disposition market. For instance, LG, a South Korea-based consumer electronics company, recorded its biggest annual revenue ever in 2022 with sales over $60 billion, up 12.9% from 2021. Therefore, it is clear that growing usage of electronic devices is a significant driving force in the IT asset disposition market.
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Who Are the Key Players Driving IT Asset Disposition Market Growth?
The IT Asset Disposition market growth is spearheaded by a range of major companies, which include:
• Dell Technologies Inc.
• Hewlett Packard Enterprise Company
• International Business Machines Corporation
• Sims Limited
• Iron Mountain Incorporated
• Tes-Amm India Private Limited
• Apto Solutions Inc.
• LifeSpan International Inc.
• Arrow Electronics Inc.
• EOL IT Services LLC
• Exit Technologies Inc.
• GreenTek Reman Pvt Ltd
• Maxicom Network Inc.
• TBS Industries Inc.
• CloudBlue Technologies Inc.
• CompuCycle USA LLC
• EPC Inc.
• Electronic Recyclers International Inc.
• Excess Logic LLC
• Insight Enterprises Inc.
• IT Liquidators LLC
• IT Renew Inc.
• ITAD Solutions LLC
• Liquid Technology Inc.
• NextUse LLC
• PlanITROI Inc.
• Procurri LLC
• Redemtech Inc.
• Stone Environmental Inc.
What Are The Key Trends In The IT Asset Disposition Market?
The IT Asset Disposition market is witnessing several key trends, including:
• Environmental regulations
• Circular economy initiatives
• Remote workforce trends
• IT hardware upgrades
What Are The Segments Of The Global IT Asset Disposition Market?
The global IT asset disposition market is segmented as follows:
1) By Service: De-Manufacturing And Recycling, Remarketing And Value Recovery, Data Destruction/Data Sanitation, Logistics Management And Reverse Logistics, Other Services
2) By Asset Type: Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals
3) By Organization Size: Small And Medium-Sized Enterprises, Large Enterprises
4) By End-User: Banking, Financial Services And Insurance (BFSI), IT And Telecom, Education, Healthcare, Aerospace And Defense, Public Sector And Government Offices, Manufacturing, Media And Entertainment, Other End Users
Which Region Leads The IT Asset Disposition Market?
In 2024, Asia-Pacific was the largest region in the IT asset disposition market. Other regions covered in the IT asset disposition market report are Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The IT Asset Disposition Market Global Market Report?
- Market Size Analysis: Analyze the IT Asset Disposition Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IT Asset Disposition Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IT Asset Disposition Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IT Asset Disposition Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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