IT asset disposition market size is valued at USD 15.5 billion in 2022 and is anticipated to be USD 23.5 billion by 2027; growing at a CAGR of 8.7% from 2022 to 2027. Factors such as need for data and information security at old assets and need to comply with regulatory compliances meant for environment safety are driving the growth of the market during the forecast period.
Hewlett Packard Enterprise (US) secured the first position and held a 10–13% share of the IT asset disposition market in 2021. Strong IT asset disposition product portfolio is one of the key factors that led to its 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 requests, 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 customers in procuring unique/updated technology solutions as well as extracting value from existing IT investments. Besides a robust product portfolio, the company also has strong geographic presence and customer base. 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.
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Dell Technologies (US) ranked second and held an 8–10% share of the IT asset disposition market in 2021. Strong brand name, product portfolio, wide geographic presence, and substantial expertise in handling IT assets are the key factors that have led to its substantial share in the IT asset disposition market. The company has a wide portfolio of IT asset disposition services starting from picking-up of IT assets from doorstep to IT asset recycle/resale. Dell Technologies has a very strong grip on the North America IT asset disposition market, and a substantial portion of its revenue gets generated from the US. However, the company also has a significant presence in other regions. For instance, the company has a noteworthy presence in over 30 European countries. Dell is further trying to expand its services by indulging in agreements and partnerships.
IBM (US) ranked third and held a 6–9% share of the IT asset disposition market in 2021. The company’s strength lies in its diverse portfolio. It provides services such as product recycling, battery recycling, asset buyback, and asset disposal. The company offers remanufacturing, disposal, and scrapping services under IBMs Global Asset Recovery Services (GARS) unit. The ability of IBM GARS to remanufacture IT assets in all geographic areas can help the company yield both financial and environmental benefits. IBM Italia has a participation agreement with the European Advanced Recycling Network (EARN) for the purpose of compliance with local requirements for the environmentally responsible collection, recycling, and disposal of Waste Electrical and Electronic Equipment recycling (WEEE). Moreover, IBM has implemented the Asset Recovery Services (ARS) program to treat IT hardware and optime reuse and recycling.
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
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