IT Asset Disposition Market

Market Leader - IT Asset Disposition Market

The IT asset disposition market is expected to grow from USD 14.5 billion in 2021 to USD 21.2 billion by 2026; it is expected to grow at a CAGR of 7.9% during the forecast period. Banking, financial services, and insurance (BFSI), IT and telecom, and media and entertainment are the key end-users, which dominate the IT asset disposition market and also contribute significantly to its growth.

Major players in the IT asset disposition market have primarily adopted agreements and partnerships strategy to strengthen their position in the market.

  • In October 2020, Sims Lifecycle Services partnered with local schools and educational institutions in Poland to offer used IT equipment. In these unprecedented times, many schools have adopted distance learning programs where every student must learn using a computer or laptop, causing disruptions to the availability of computing devices. Device, a trademark of Sims Lifecycle Services in Poland, is helping bridge the gap by providing alternative sources to students to obtain IT equipment.
  • In February 2020, Dell Technologies entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management, and omnichannel fraud prevention.

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Hewlett Packard Enterprise (US) and Dell Technologies (US) are among the major players in the IT asset disposition market. Strong IT asset disposition product portfolio is one of the key factors that led to Hewlett Packard Enterprise’s leading position in the IT asset disposition market. The company under its HPE Asset Upcycling Services provides various IT asset disposition related services including data cleansing, secure end-to-end logistics, automated pickup request, and serialized asset tracking and testing. Hewlett Packard Enterprise offers various investment solutions and also has expertise in managing technology assets. This factor gives it a competitive edge in the IT asset disposition market as it is able to help its customers in procuring unique/updated technology solutions as well as extracting value from existing IT investments. The company offers its IT asset disposition services through its Financial Services business which generated ~USD 3.4 billion revenue in 2020. Besides, strong product portfolio, the company also has strong geographical presence and customer base. The company also has a wide customer base, and its IT asset disposition services are being used by various organizations. For instance, Gloucestershire Care Services NHS Trust (UK) used the HPE Asset Upcycling Services for ensuring that its retired technology is processed in an environmentally sound manner while safeguarding its patient data.

Dell Technologies (US) is another well-known player in the IT asset disposition market. The strong brand name, product portfolio, wide geographical presence, and substantial expertise in handling IT assets are the key factors that has led to its substantial share in the IT asset disposition market. The company has wide portfolio of IT asset disposition services starting from logies has a very strong grip on the North America IT asset disposition market and substantial portion of its revenue gets generated from the US. However, the company also has significant presence in other regions. For instance, the company has wide presence in the Europe with presence in over 30 European countries. Dell is further trying to expand its services by indulging in agreements and partnerships. In February 2020, Dell entered into agreement with Symphony Technologies to identify and access management.

Related Reports:

IT Asset Disposition Market with COVID-19 impact Analysis By Service Type, Asset Type, Organization Size, End User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Healthcare), and Region - Global Forecast to 2026

Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
[email protected]

Report Code
SE 4735
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