Press release
Data Center IT Asset Disposition Market Expansion Continues, with Forecast Valuation of $20.55 Billion by 2029
Data Center IT Asset Disposition
Data Center IT Asset Disposition Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the data center IT asset disposition has seen a robust growth lately. The market is projected to expand from $13.49 billion in 2024 to $14.71 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. This historical growth is largely due to factors such as regulatory compliance, technological redundancy, concerns over data security, cost-cutting initiatives, and the push for environmental sustainability.
Data Center IT Asset Disposition Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, a significant expansion is anticipated for the data center IT asset disposition market, with predictions projecting a size of $20.55 billion by 2029 and a compound annual growth rate of 8.7%. The escalating figures during the forecast period can be correlated to a surge in electronic waste management needs, greater focus on data security and regulatory adherence, increasing acceptance of circular economy methodologies, and worldwide growth in data center structures. The forecast period is also expected to witness trends such as the rise of secure data erasure solutions, the expansion of asset tracking and management technologies, the appearance of specialized IT asset disposition companies, as well as an increase in regulatory compliance obligations.
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What Are the Drivers Transforming the Data Center IT Asset Disposition Market?
Anticipated growth in the data center IT asset disposition market is linked to the escalating instances of cyberattacks. Cyberattacks encompass deliberate malevolent actions undertaken by individuals or groups seeking to bypass security protocols of computer systems or digital devices. The surge in such attacks is attributed to progressive technology, inadequacies in systems, and insufficient awareness about cybersecurity among the populace. The role of data center IT asset disposition in enhancing cybersecurity is crucial since it obstructs data breaches, curtails insider menaces, safeguards against supply chain attacks, and guarantees conformity. Also, it ensures safe and compliant disposal of IT assets at their end-of-life, safeguards critical data and decreases risks linked with data breaches, non-adherence to regulations, and potential environmental hazards. For instance, Check Point Software Technologies, a software firm based in Israel, mentioned in its blog in April 2023 that there was a 7% increase in global weekly cyberattacks in Q1 2023 when compared to the same period in the previous year. Each organization faced approximately 1,248 attacks weekly on an average. Thus, the escalating instances of cyberattacks are stimulating the growth of the data center IT asset disposition market.
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What Long-Term Trends Will Define the Future of the Data Center IT Asset Disposition Market?
Leading entities in the data center IT asset disposition market are concentrating on devising unique solutions, such as IT asset repurposing and disposal services, to achieve efficient use of resources and minimize ecological damage. IT asset repurposing and disposal involves securely retiring IT equipment from active use through methods such as decommissioning, destruction, and green recycling. For example, in March 2024, TES, a Singapore-based company providing services throughout the IT lifecycle, inaugurated a facility for IT asset repurposing and disposal. This facility is designed to refurbish and recycle technological assets and data center equipment, specifically aiming to prevent scarce metals from ending up in landfills. The site is fully compliant and utilizes advanced technical tools to ensure the safe deletion of data from technology devices. The aim is to secure sensitive company data from breaches, promote environmental protection by discouraging harmful disposal methods, and possibly extract value from decommissioned IT assets.
Which Segments in the Data Center IT Asset Disposition Market Offer the Most Profit Potential?
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 Firms Dominate the Data Center IT Asset Disposition Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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