IT Asset Disposition Market

IT Asset Disposition Industry worth $23.5 billion by 2027

The report "IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region - Global forecast to 2027" The global IT Asset Disposition Market size is projected to grow from USD 15.5 billion in 2022 to USD 23.5 billion by 2027;  it is expected to grow at a CAGR of  8.7% from 2022 to 2027. The key factors contributing to the growth IT asset disposition market include need for data and information security in old assets, shift towards energy efficient products and need to comply with regulatory compliances meant for environmental safety. However, low awareness and high service cost is hindering the growth of IT asset disposition market. Unauthorized service providers and unsustainable practices possesses a huge challenge to the industry. However, growing focus on partnerships and acquisitions is the biggest opportunity in the market space during the forecast period.

Browse 188 market data Tables and 49 Figures spread through 219 Pages and in-depth TOC on "IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region - Global forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/it-asset-disposition-market-28474391.html

Reselling end-of-life IT assets enables recovering operating capital and reducing electronic waste

Remarketing & Value Recovery refers to the concept of reusing and remarketing the used and retired assets back into the market to generate some recovery value or revenue out of it. Before disposing off any hardware, an IT asset disposition service provider will explore all options for reuse. Once IT assets reach the end of their lifespan, through a comprehensive IT asset remarketing program, it is possible to realize a number of significant benefits, including lowering the total cost of ownership for IT assets by capturing the remaining value.

Data sanitation majorly performed on storage devices to prevent data leakage

NIST 800-88 is a standard known for its data sanitization categories of Clear, Purge, and Destroy. The principles can apply to magnetic, flash-based, and other storage technologies—from USB drives to servers. The goal is to effectively sanitize media so that any and all data is irretrievable once the data or data storage device reaches the end-of-life stage. Devices such as tapes, disk drives, cartridges, and other storage devices are sanitized by NIST specifications using their principles. Any drive that cannot be cleared/purged using a 1-pass overwrite are physically destroyed to ensure that data cannot be recovered.

Large Enterprises adopt IT asset disposition to reduce impact of e-waste

Large enterprises are generally well-established companies with a developed infrastructure and regional, national, or global operations. Such enterprises operate from multiple locations and have more than 1,000 employees. Large enterprises include private and public sector firms. Companies in this segment have the budget, expertise, and policies to overcome any issues related to safety, policy, and environment in the competitive world. The main concern for large enterprises is to extract the maximum value from the assets and other resources available with the organization to gain a competitive advantage.

North America to hold largest market share during the forecast period

The constant advancements taking place in asset disposition technology, such as developments in data security technology and the recycling process, are expected to boost the growth of the IT asset disposition market in North America. Furthermore, there is an increasing awareness of data security in the region, which is indirectly affecting the IT asset disposition market. Additionally, the augmented reliance on outsourced data hosting and processing, propelled by the increasing number of multi-tenant data centers (MTDC) in this region, is projected to boost the adoption of IT asset disposition solutions significantly over the next few years.

The key players operating in the IT Asset Disposition market are Dell Technologies (US), Hewlett Packard Enterprise (US), IBM (US), Sims Limited (Australia), Iron Mountain (US), 3Step IT(Finland), TES (Singapore), and Apto Solutions (US). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

Don’t miss out on business opportunities in IT Asset Disposition Market. Speak to our analyst and gain crucial industry insighs that will help your businessgrow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

IT Asset Disposition Market Size,  Share & Growth Report
Report Code
SE 4735
PR Published ON
8/2/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the IT Asset Disposition Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home