IT Asset Disposition Market Analysis Report By Asset Type, By End Use, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The IT asset disposition market size across the globe was valued at USD 13.7 billion in 2018. It is projected to witness a CAGR of 10.8% over the forecasted years, 2019 to 2025. The surging adoption of consumer electronics and related devices coupled with the need for updating old devices and software is projected to drive market growth across the globe.

Several rules and regulations are being imposed by government authorities over the disposal of hardware and e-wastes. A report by Harward Business Review states that around 550 laws are formed in the U.S. for the disposition of IT assets. Moreover, the shifting trend towards the adoption of cloud-based technology is projected to result in obsolescence in IT infrastructure and hardware. These factors are projected to drive the demand for ITAD services.       

These ITAD services also help in minimizing the overhead and inventory costs associated with the disposal of old hardware and software. Also, maximum asset recovery can be achieved with the usage of such services. These factors are projected to propel the demand for ITAD services in the upcoming years.

A report by ITU (International Telecommunication Union) in 2017 stated that e-waste is projected to rise from 44.7 to 52.2 metric tons from 2014 to 2021. As this increasing e-waste negatively impacts the environment, the need for their recycling and recovering is gaining traction across the globe, thereby driving the market growth for ITAD services.

Asset Type Insights

The global IT asset disposition (ITAD) market can be segmented into smartphones & tablets, storage devices, Computers/Laptops, servers, storage devices, peripherals, and other equipment based on asset type. In 2018, the segment of Computers/Laptops held the largest share of around 40.0% across the global market. It is also anticipated to witness significant growth from 2019 to 2025. This can be associated with the rising need for enterprises to recycle and refurbish obsolete laptops and computers.

The segment of smartphones & tablets is projected to witness an 8.0% CAGR from 2019 to 2025. This can be associated with the rapid technological developments undertaken by smartphone manufacturers which are resulting in the obsolescence of old ones. Also, the rising penetration of smartphones across the population of all age groups is projected to drive the demand for ITAD services.

End-use Insights

The end-user segment of media & entertainment is projected to register significant growth with 11.0% CAGR from 2019 to 2025 across the global market. This can be associated with the increasing adoption of media content prevailing among the millennial population which is expected to drive the adoption of advanced IT assets.

The segment of IT & Telecom is also anticipated to register a substantial growth rate and hold a share of more than 30.0% across the global market until 2025. Rapid technological advancements in software coupled with the need for their compliance with hardware is leading to the obsolescence of old hardware. This is projected to generate demand for ITAD services. Moreover, high competition across the telecom industry is driving the need for efficient ITAD services across the globe.

Regional Insights

Asia Pacific is projected to witness more than 12.0% CAGR from 2019 to 2025 due to rapid technological advances and digitalization being carried out across the IT industry which is driving the need for replacement of old infrastructure. Major ITAD service providers across India, Japan, and China are driving the market growth across this region. For example, a report by United Nations University states that e-waste of around 2 million metric tons is generated annually across India.

North America held the largest share of around 15.0% in terms of revenue across the global market, in 2018. This can be associated with the exponential growth of the IT industry coupled with the surging number of cloud data centers across this region. Moreover, a large number of service providers of ITAD services coupled with the adoption of cloud-based technologies by the majority of the organizations is projected to drive the market growth in the upcoming years.

COVID-19 Impact Insights

The global market has been affected on account of the ongoing COVID-19 crisis. Several enterprises are engaged in reducing the overhead costs associated with systems due to economic instability in the pandemic period. Thus, they are refurbishing and repairing their old devices rather than purchasing new ones. These factors are projected to hinder the growth of ITAD services across the globe.

But, as the majority of the offices are allowing employees to work from home, the need for updated and compatible systems is foreseen among working professionals. Also, the emergence of the online education system is projected to drive the need for updated software and devices for clear and better clarity. Thus, the market is projected to witness growth over the post-pandemic period.

IT Asset Disposition (ITAD) Market Share Insights

The key players in the market are Dataserv Group, Apto Solutions Inc., IT Renew Inc., Life Span International, Ingram Micro, and TBS Industries. These players are engaged in product development and innovation to gain a competitive advantage over other players.

These ITAD vendors are engaged in offering several services such as decommissioning, data destruction, remarketing, recycling, and redeployment of old versions of hardware and IT equipment. Few enterprises have also created their individual service lines for dealing with the already used equipment while the remaining prefers services provided by ITAD vendors.

Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2015 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global IT asset disposition market on the basis of asset type, end-use, and region:

• Asset Type Outlook (Revenue, USD Billion, 2015 - 2025)
    • Computers/Laptops
    • Smartphones and Tablets
    • Peripherals
    • Storages
    • Servers
    • Others

• End-use Outlook (Revenue, USD Billion, 2015 - 2025)
    • BFSI
    • IT & Telecom
    • Government
    • Energy and Utilities
    • Healthcare
    • Media and Entertainment
    • Others

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • France
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa