Press release
Global Data Center IT Asset Disposition Market Projected to Surpass $20.55 Billion by 2029 with 8.7% Annual Growth
Data Center IT Asset Disposition Market
The escalating incidence of cyberattacks is anticipated to boost the expansion of the data center IT asset disposition market in the future. Cyberattacks are intentional and harmful actions taken by individuals, groups, or organizations aimed at violating the security provisions of computer systems or digital devices. The rise in these attacks is often attributed to progressive technology, system vulnerabilities, and inadequate cybersecurity consciousness among people. The importance of data center IT asset disposition in cybersecurity cannot be overemphasized as it helps prevent data breaches, diminishes insider threats, guards against supply chain attacks, and facilitates compliance. The service ensures both secure and compliant disposal of IT assets at the end of their lifecycle, safeguards confidential data and reduces the risks related to data breaches, regulatory non-compliance, and environmental risks. For example, an April 2023 report from Check Point Software Technologies, a software firm based in Israel, highlighted a 7% rise in weekly global cyberattacks in Q1 2023 compared to the corresponding quarter of the previous year. On average, organizations faced 1,248 attacks per week. This increasing occurrence of cyberattacks is therefore fueling the expansion of the data center IT asset disposition market.
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What is the projected compound annual growth rate (CAGR) of the data center it asset disposition market from 2025 to 2034, and what factors influence it?
The market value of the data center IT asset disposition segment has seen substantial growth recently. Starting from a value of $13.49 billion in 2024, it's projected to increase to $14.71 billion in 2025, at a compound annual growth rate (CAGR) of 9.1%. The expansion during the historic period was influenced by factors such as regulatory compliance, technological redundancy, concerns over data security, efforts to reduce costs, and environmental sustainability.
Forecasts show significant growth in the data center IT asset disposition market over the coming years, with predictions indicating a rise to $20.55 billion by 2029, showing a compound annual growth rate (CAGR) of 8.7%. This growth is attributable to factors such as increased necessity for electronic waste management, enhanced focus on data security and regulatory compliance, the growing practice of circular economy, and the steady expansion of global data center infrastructure. Looking forward, the expectation is for secure data wiping options, advancements in asset tracking and management technologies, the appearance of specialized IT asset disposal companies, and broadened regulatory compliance requirements to become dominant trends.
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How are the latest trends influencing the growth of the data center it asset disposition market?
Significant enterprises within the data center IT asset disposition market are honing in on creating novel solutions such as IT asset repurposing and waste centers to maximize efficient use of resources and reduce its environmental footprint. The process of IT asset repurposing and disposal involves the secure retirement of IT assets from active service through decommissioning, destruction, and eco-friendly recycling. For example, in March 2024, TES, an IT lifecycle service provider based in Singapore, initiated an IT asset repurposing and disposal facility. Its purpose, to restore and recycle technology assets and data center equipment, with an emphasis on avoiding sending rare metals to landfills. This fully-accredited facility is equipped with progressive technical tools to ensure the safe extraction of data from tech devices. This strategy aims to preserve valuable organizational data, safeguard the environment from harmful waste practices, and may possibly regain value from retired IT assets.
What are the major segments of the data center it asset disposition market and their role in driving growth?
The data center IT asset disposition market covered in this report is segmented -
1) By Product: Servers, Memory Modules, Hard Disk Drive, Central Processing Unit, Gigabit Interface Converter, Line Cards, Desktops, Laptops, Solid State Drive
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Data Sanitation Or Destruction, Re marketing OR Resale, Recycling
4) By End Users: Enterprises, Cloud Service Providers, Colocation Providers
Subsegments:
1) By Servers: Rack Servers, Blade Servers, Tower Servers, Storage Servers
2) By Memory Modules: DRAM Modules, Flash Memory Modules, EEPROM
3) By Hard Disk Drives (HDD): Desktop HDDs, Enterprise HDDs, External HDDs
4) By Central Processing Units (CPU): Desktop CPUs, Server CPUs, Workstation CPUs
5) By Gigabit Interface Converters (GBIC): SFP (Small Form-factor Pluggable) GBICs, XFP (10 Gigabit) GBICs, SFP+ (Enhanced SFP) GBICs
6) By Line Cards: Ethernet Line Cards, Fibre Channel Line Cards, Router Line Cards, Switch Line Cards
7) By Desktops: All-in-One Desktops, Tower Desktops, Mini PCs
8) By Laptops: Business Laptops, Gaming Laptops, Ultrabooks
9) By Solid State Drives (SSD): SATA SSD, NVMe SSD, PCIe SSD, M.2 SSD
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Which regions are key players in the growth of the data center it asset disposition market?
North America was the largest region in the data center IT asset disposition market in 2024. The regions covered in the data center IT asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the data center it asset disposition market?
Major companies operating in the data center IT asset disposition market are Dell Inc., International Business Machines Corporation, Arrow Electronics Inc., Hewlett Packard Enterprise (HPE), Iron Mountain Incorporated, EPC Inc., Sims Recycling Solutions, Procurri Corporation, CentricsIT, ITRenew Inc., Atlantix Global Systems, Cxtec Inc., Quantum Lifecycle Partners, Wisetek, Apto Solutions Inc., HOBI International Inc., Dataserv, Re-Teck, CloudBlue, TES-AMM Pte Ltd., Midwest CompuTech, TechWaste Recycling, Maxxum, TBS Industries, CentraComm Communications, Exit Technologies
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What Is Covered In The Data Center IT Asset Disposition Global Market Report?
• Market Size Forecast: Examine the data center it asset disposition market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the data center it asset disposition market for a structured understanding.
• Key Players Overview: Analyze major players in the data center it asset disposition market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the data center it asset disposition market.
• Segment Contributions: Evaluate how different segments drive overall growth in the data center it asset disposition market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the data center it asset disposition market.
• Industry Challenges: Identify potential risks and obstacles affecting the data center it asset disposition market.
• Competitive Landscape: Review strategic developments in the data center it asset disposition market, including expansions, agreements, and new product launches.
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