Abstract
Summary
The IT asset disposition market is valued at USD 18.4 billion in 2024 and is anticipated to be USD 26.6 billion by 2029, growing at a CAGR of 7.6% from 2024 to 2029. Factors such shift toward energy-efficient products, and early replacement of IT assets with newer versions to keep up with new technologies are likely to drive market growth during the forecast period. With the rapid evolution of technology and constant innovations, assets quickly become outdated and incompatible with new technologies. Hence, there is an increase in the number of non-performing assets on the market, which drives the IT asset disposition market by creating opportunities for the disposal of obsolete assets.
Shift toward energy-efficient products
In recent years, many technological innovations have led to an increase in demand for energy-efficient products. This is due to the rise in energy-intensive economic activities and growing concerns about global warming resulting from emissions due to power generation. Energy-efficient technologies are designed to reduce overall energy usage, which ultimately reduces energy bills. While energy-efficient products may cost more initially, the savings accumulated over time can make them a wise investment.
Moreover, energy-efficient products also have environmental benefits. When less energy is generated from fossil fuels, it leads to lower greenhouse gas emissions, which helps to mitigate global warming. As a result, many companies are now replacing their existing assets with new energy-efficient products, thereby giving a boost to the IT asset disposition market.
Growing demand for credible disposition solutions due to rising cybercrime
Customers are seeking credible and reliable IT asset disposition solutions that ensures data security. This increased demand is driven by the significant concern for data security, particularly in response to regulatory requirements and the increasing incidence of cybercrimes. Worldwide, companies are required to have processes in place that protect personally identifiable information (PII). Various countries have implemented laws to ensure that companies have defined processes to protect personal data within their organizations. One example of such a law is the EU General Data Protection Regulation (GDPR) which is currently the most recent and impactful version of regulatory requirements.
“Asia Pacific is the fastest-growing region in the IT asset disposition market.”
The Asia Pacific IT asset disposition market is expected to witness highest CAGR during the forecast In the forecast period, the IT asset disposition market in Asia Pacific is anticipated to exhibit the highest CAGR. Key countries such as China, Japan, South Korea, and India play a pivotal role in driving market growth in the Asia Pacific region. The rapid adoption of cloud services in the Asia Pacific region, fueled by the growth of e-commerce, online gaming, and other digital services, is leading businesses to dispose of on-premise IT infrastructure. This surge in cloud adoption is creating additional demand for IT asset disposition services. Moreover, government initiatives such as Digital India and Smart China, which accelerate digitalization efforts, are further propelling the growth of the IT asset disposition market across the region.
The breakup of primaries conducted during the study is depicted below:
• By Company Type: Tier 1 – 35 %, Tier 2 – 45%, and Tier 3 –20%
• By Designation: C-Level Executives – 35%, Directors – 25%, and Others – 40%
• By Region: North America– 44%, Europe – 20%, Asia Pacific – 30%, RoW – 6%
Research Coverage
The report segments the IT asset disposition market and forecasts its size, by value, based on region (North America, Europe, Asia Pacific, and RoW), Service (De-manufacturing and recycling, remarketing and value recovery, data destruction/data sanitization, logistics management and reverse logistics, and other services (on-site equipment audit solutions and client’s portal)), Asset Type (computers/laptops, servers, mobile devices, storage devices, and peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises) and Vertical (Banking, Financial Services & Insurance (BFSI), IT & Telecom, Education, Healthcare, Aerospace & Defense, Public Sector & Government, Manufacturing, Media & Entertainment, Others (Energy & Utility, Construction & Real Estate, Logistics & Transportation)). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the IT asset disposition market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reason to Buy Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall IT asset disposition market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (adoption of circular economy principles into IT asset management strategies, and need to comply with regulatory compliances meant for environment safety), restraints (Safe disposal of legacy IT systems, and lack of comprehensive IT asset disposition policies), opportunities (Growing sales of old equipment on auction websites, and Adoption of cloud-based solutions and data center consolidation), and challenges (adoption of gray IT disposition services, and lack of budget for IT asset disposition)
• Service Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new service launches in the IT asset disposition market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the IT asset disposition market across varied regions.
• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the IT asset disposition market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Dell Inc. (US); IBM (US); Hewlett Packard Enterprise Development LP (US); Iron Mountain, Inc. (US); and Sims Limited (Australia) among others in the IT asset disposition market
Table of Contents
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.2.1 INCLUSIONS AND EXCLUSIONS 34
1.3 STUDY SCOPE 34
1.3.1 MARKETS COVERED 34
1.3.2 REGIONAL SCOPE 35
1.3.3 YEARS CONSIDERED 36
1.4 CURRENCY CONSIDERED 36
1.5 UNIT CONSIDERED 36
1.6 LIMITATIONS 37
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 37
1.9 IMPACT OF RECESSION 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH APPROACH 38
2.1.1 SECONDARY AND PRIMARY RESEARCH 40
2.1.2 SECONDARY DATA 40
- 2.1.2.1 Key data from secondary sources 41
- 2.1.2.2 List of major secondary sources 41
2.1.3 PRIMARY DATA 41
- 2.1.3.1 Key data from primary sources 42
- 2.1.3.2 Key industry insights 42
- 2.1.3.3 List of key interview participants 43
- 2.1.3.4 Breakdown of primaries 43
2.2 MARKET SIZE ESTIMATION 44
2.2.1 BOTTOM-UP APPROACH 46
- 2.2.1.1 Approach to derive market size using bottom-up analysis (supply side) 46
2.2.2 TOP-DOWN APPROACH 47
- 2.2.2.1 Approach to derive market size using top-down analysis (demand side) 47
2.3 DATA TRIANGULATION 48
2.4 RESEARCH ASSUMPTIONS 49
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON STUDIED MARKET 49
2.6 RISK ASSESSMENT 50
2.7 RESEARCH LIMITATIONS 50
3 EXECUTIVE SUMMARY 51
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN IT ASSET DISPOSITION MARKET 55
4.2 IT ASSET DISPOSITION MARKET, BY ORGANIZATION SIZE 55
4.3 IT ASSET DISPOSITION MARKET, BY ASSET TYPE 56
4.4 IT ASSET DISPOSITION MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 56
4.5 IT ASSET DISPOSITION MARKET, BY SERVICE 57
4.6 IT ASSET DISPOSITION MARKET, BY COUNTRY 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
5.2.1 DRIVERS 59
- 5.2.1.1 Adoption of circular economy principles into IT asset management strategies 59
- 5.2.1.2 Need to comply with regulatory policies designed to ensure environmental safety 60
- 5.2.1.3 Growing demand for credible disposition solutions due to increase in cybercrime 60
- 5.2.1.4 Inclination toward implementation of newer version of IT assets to stay competitive 61
- 5.2.1.5 Surging preference for energy-efficient products 61
5.2.2 RESTRAINTS 62
- 5.2.2.1 Need to follow safe disposal of legacy IT systems to avoid potential security breaches 62
- 5.2.2.2 Improper disposal of IT assets to avoid expenses associated with regular procedures 63
- 5.2.2.3 Lack of comprehensive IT asset disposition policies 63
- 5.2.2.4 Low-value recovery from old IT assets 63
5.2.3 OPPORTUNITIES 64
- 5.2.3.1 Adoption of cloud-based solutions and data center consolidation strategy 64
- 5.2.3.2 Growing partnerships and acquisitions among players to boost their reach among consumers 65
- 5.2.3.3 Rising demand for IT asset disposition from small and medium-sized enterprises 65
- 5.2.3.4 Growing sales of old equipment, especially in Africa and South America, through auction websites 65
5.2.4 CHALLENGES 66
- 5.2.4.1 Inadequate infrastructure for recycling 66
- 5.2.4.2 Adoption of gray IT disposition services 66
- 5.2.4.3 Lack of budget for IT asset disposal 67
5.3 SUPPLY CHAIN ANALYSIS 67
5.4 ECOSYSTEM ANALYSIS 68
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 70
5.6 TECHNOLOGY ANALYSIS 71
5.6.1 INTERNET OF THINGS 71
5.6.2 ARTIFICIAL INTELLIGENCE 71
5.6.3 BLOCKCHAIN 71
5.6.4 VIRTUAL REALITY 72
5.7 PORTER’S FIVE FORCES ANALYSIS 72
5.7.1 BARGAINING POWER OF BUYERS 73
5.7.2 THREAT OF NEW ENTRANTS 73
5.7.3 THREAT OF SUBSTITUTES 73
5.7.4 INTENSITY OF COMPETITIVE RIVALRY 74
5.7.5 BARGAINING POWER OF SUPPLIERS 74
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 74
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
5.8.2 BUYING CRITERIA 75
5.9 CASE STUDY ANALYSIS 76
5.9.1 NEXTECH (US) HELPS RENOWNED BANK TO REDUCE CAPITAL COSTS AND RECOVER VALUE FROM OBSOLETE IT INVENTORIES 76
5.9.2 IRON MOUNTAIN INCORPORATED (US) ASSISTS TECH LEADER IN HEALTHCARE INDUSTRY TO SAFELY DISMANTLE OLD HARDWARE 76
5.9.3 EXCESS LOGIC (US) FACILITATES PICK-UPS OF DECOMMISSIONED AV AND ELECTRONIC ASSETS FROM CLIENTS’ LOCATIONS 77
5.9.4 TES (SINGAPORE) HELPS CLIENTS MANAGE REVERSE LOGISTICS ASSOCIATED WITH TRANSFORMING OLD ASSETS TO NEW AND VALUE RECOVERY OF 90,000 ASSETS 77
5.9.5 INGRAM MICRO (US) HELPS HEALTHCARE ORGANIZATION TO REFRESH ITS CORPORATE ASSETS 78
5.10 TRADE ANALYSIS 78
5.11 PATENT ANALYSIS, 2020-2022 80
5.12 KEY CONFERENCES AND EVENTS, 2024 85
5.13 TARIFF ANALYSIS, STANDARDS, AND REGULATORY LANDSCAPE 86
5.13.1 TARIFF RELATED TO IT ASSET DISPOSITION MARKET 86
5.13.2 STANDARDS 87
5.13.3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
5.13.4 REGULATIONS 89
- 5.13.4.1 Restriction of Hazardous Substances (ROHS) 89
- 5.13.4.2 Waste Electrical and Electronic Equipment Directive (WEEE Directive) 90
- 5.13.4.3 General Data Protection Regulation (GDPR) 90
5.14 PRICING ANALYSIS 91
5.14.1 AVERAGE SELLING PRICE (ASP) TREND OF IT ASSET DISPOSITION SERVICES OFFERED BY KEY PLAYERS, 2023 91
5.14.2 AVERAGE SELLING PRICE (ASP) TREND OF IT ASSET DISPOSITION SERVICES, BY REGION, 2020-2029 92
6 IT ASSET DISPOSITION MARKET, BY SERVICE 94
6.1 INTRODUCTION 95
6.2 DE-MANUFACTURING AND RECYCLING 96
6.2.1 GROWING NEED TO REGULATE IMPROPER DISPOSAL OF SCRAP ASSETS TO BOOST DEMAND 96
6.3 REMARKETING AND VALUE RECOVERY 98
6.3.1 STRATEGIC REUSE AND RESALE OF USED AND RETIRED ASSETS TO GENERATE RECOVERY VALUE TO FOSTER SEGMENTAL GROWTH 98
6.4 DATA DESTRUCTION/DATA SANITIZATION 100
6.4.1 ON-SITE DATA DESTRUCTION 100
- 6.4.1.1 High-level of security associated with on-site data destruction to boost demand 100
6.4.2 OFF-SITE DATA DESTRUCTION 100
- 6.4.2.1 Organizations demanding verified destruction of sensitive documents to drive demand 100
6.5 LOGISTICS MANAGEMENT AND REVERSE LOGISTICS 102
6.5.1 NEED TO RECOVER VALUE FROM RETURNED ASSETS TO DRIVE MARKET 102
6.6 OTHER SERVICES 104
6.6.1 ON-SITE EQUIPMENT AUDIT 104
6.6.2 CLIENT’S PORTAL 104
7 IT ASSET DISPOSITION MARKET, BY ASSET TYPE 106
7.1 INTRODUCTION 107
7.2 COMPUTERS/LAPTOPS 108
7.2.1 INCREASING REFURBISHMENT OF IT ASSETS FOR RESALE TO FOSTER SEGMENTAL GROWTH 108
7.3 SERVERS 109
7.3.1 MITIGATION OF DATA BREACHES THROUGH SECURE DISPOSAL PRACTICES TO DRIVE MARKET 109
7.4 MOBILE DEVICES 110
7.4.1 GROWING TREND OF BYOD TO BOOST DEMAND 110
7.5 STORAGE DEVICES 112
7.5.1 RISING DEMAND FOR STORAGE CAPACITY IN OFF-PREMISES AND CLOUD-BASED SYSTEMS TO ACCELERATE DEMAND 112
7.6 PERIPHERALS 113
7.6.1 NETWORKING DEVICES 113
- 7.6.1.1 Need to prevent misuse of sensitive information to drive market 113
7.6.2 I/O DEVICES 114
- 7.6.2.1 Need for safe disposal due to technological advancements to drive market 114
8 IT ASSET DISPOSITION MARKET, BY ORGANIZATION SIZE 115
8.1 INTRODUCTION 116
8.2 SMALL AND MEDIUM-SIZED ENTERPRISES 117
8.2.1 RISING POPULARITY OF ENVIRONMENTAL FRIENDLY PRACTICES TO REGULATE IMPROPER DISPOSITION OF IT ASSETS IN LANDFILLS TO DRIVE MARKET 117
8.3 LARGE ENTERPRISES 119
8.3.1 GROWING CONCERNS ABOUT IMPACT OF E-WASTE TO BOOST DEMAND 119
9 IT ASSET DISPOSITION MARKET, BY VERTICAL 121
9.1 INTRODUCTION 122
9.2 BFSI 123
9.2.1 PRESSING NEED TO SAFELY DISPOSE HIGHLY CONFIDENTIAL DIGITAL DATA TO DRIVE MARKET 123
9.3 IT & TELECOM 124
9.3.1 NEED TO ADHERE TO REGULATORY COMPLIANCES AND ENSURE DATA CONFIDENTIALITY TO BOOST DEMAND 124
9.4 EDUCATION 125
9.4.1 EDUCATIONAL INSTITUTES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO REMARKET AND VALUE RECOVERY 125
9.5 HEALTHCARE 126
9.5.1 PROLIFERATION OF CONNECTED MEDICAL DEVICES PER BED TO ACCELERATE GROWTH 126
9.6 AEROSPACE & DEFENSE 127
9.6.1 GROWING DEMAND TO DISPOSE OF RADAR SYSTEMS AND MILITARY HARDWARE TO FOSTER SEGMENTAL GROWTH 127
9.7 PUBLIC SECTOR & GOVERNMENT 129
9.7.1 NEED TO ENSURE COMPLIANCE WITH SEVERAL FEDERAL INFORMATION SECURITY REGULATIONS TO DRIVE MARKET 129
9.8 MANUFACTURING 130
9.8.1 GROWING IMPORTANCE OF REVERSE LOGISTICS IN SUPPLY CHAIN TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS 130
9.9 MEDIA & ENTERTAINMENT 131
9.9.1 INCREASING NEED FOR EFFECTIVE E-WASTE DISPOSAL AND DATA SANITATION TO DRIVE MARKET 131
9.10 OTHER VERTICALS 132
9.10.1 ENERGY AND UTILITIES 132
9.10.2 CONSTRUCTION AND REAL ESTATE 132
9.10.3 LOGISTICS AND TRANSPORTATION 133
10 IT ASSET DISPOSITION MARKET, BY REGION 134
10.1 INTRODUCTION 135
10.2 NORTH AMERICA 137
10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA 138
10.2.2 US 143
- 10.2.2.1 Presence of reputed IT asset disposition vendors to drive market 143
10.2.3 CANADA 144
- 10.2.3.1 Strict data privacy regulations to foster market growth 144
10.2.4 MEXICO 145
- 10.2.4.1 Rising demand for smartphones and tablets to drive market 145
10.3 EUROPE 146
10.3.1 RECESSION IMPACT ON MARKET IN EUROPE 146
10.3.2 UK 152
- 10.3.2.1 BFSI industry to offer lucrative growth opportunities to players 152
10.3.3 GERMANY 153
- 10.3.3.1 Presence of established automotive manufacturers to support market 153
10.3.4 FRANCE 154
- 10.3.4.1 Enforcement of sustainable regulatory policies to boost market growth 154
10.3.5 ITALY 155
- 10.3.5.1 Regulations to optimize reuse and recycling of IT hardware accelerate market growth 155
10.3.6 NETHERLANDS 156
- 10.3.6.1 Partnerships among regional, local, and global players to drive market 156
10.3.7 BELGIUM 157
- 10.3.7.1 Small and medium-sized IT asset disposition service providers to play significant role in driving market 157
10.3.8 NORDIC COUNTRIES 158
- 10.3.8.1 IT regulations and national policies to fuel market growth 158
10.3.9 REST OF EUROPE 159
10.4 ASIA PACIFIC 160
10.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC 160
10.4.2 JAPAN 165
- 10.4.2.1 Growing importance of reliable IT infrastructure to boost demand 165
10.4.3 CHINA 166
- 10.4.3.1 IT & telecom and automotive industries to offer lucrative growth opportunities to players 166
10.4.4 SOUTH KOREA 167
- 10.4.4.1 High amount of electronics and e-waste generated by multinational companies to drive market 167
10.4.5 INDIA 168
- 10.4.5.1 Need for updated security technologies to widen growth opportunities 168
10.4.6 REST OF ASIA PACIFIC 169
10.5 ROW 170
10.5.1 RECESSION IMPACT ON MARKET IN ROW 170
10.5.2 SOUTH AMERICA 174
- 10.5.2.1 Reverse logistics programs to boost market growth 174
10.5.3 GCC 175
- 10.5.3.1 Growing awareness regarding proper e-waste management to drive market 175
10.5.4 REST OF MIDDLE EAST & AFRICA 176
- 10.5.4.1 Enforcement of sustainability policies to boost demand 176
11 COMPETITIVE LANDSCAPE 177
11.1 OVERVIEW 177
11.2 STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020-2023 177
11.3 REVENUE ANALYSIS, 2020-2022 178
11.4 MARKET SHARE ANALYSIS, 2023 179
11.5 COMPANY EVALUATION MATRIX, 2023 181
11.5.1 STARS 181
11.5.2 EMERGING LEADERS 181
11.5.3 PERVASIVE PLAYERS 181
11.5.4 PARTICIPANTS 181
11.5.5 COMPANY FOOTPRINT 183
11.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2023 187
11.6.1 PROGRESSIVE COMPANIES 187
11.6.2 RESPONSIVE COMPANIES 187
11.6.3 DYNAMIC COMPANIES 187
11.6.4 STARTING BLOCKS 187
11.6.5 COMPETITIVE BENCHMARKING 189
11.7 COMPETITIVE SCENARIOS AND TRENDS 192
11.7.1 PRODUCT/SERVICE LAUNCHES 192
11.7.2 DEALS 193
11.7.3 OTHERS 197
12 COMPANY PROFILES 198
12.1 KEY PLAYERS 198
12.1.1 DELL INC 198
12.1.2 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP 203
12.1.3 IBM 207
12.1.4 SIMS LIMITED 211
12.1.5 IRON MOUNTAIN, INC 217
12.1.6 3STEPIT 221
12.1.7 TES 224
12.1.8 APTO SOLUTIONS INC 227
12.1.9 LIFESPAN INTERNATIONAL INC 229
12.1.10 TOTAL IT GLOBAL 231
12.2 OTHER PLAYERS 233
12.2.1 OCEANTECH 233
12.2.2 BRP INFOTECH PVT. LTD 234
12.2.3 PARK PLACE TECHNOLOGIES 235
12.2.4 TBS INDUSTRIES INC 236
12.2.5 INGRAM MICRO 237
12.2.6 INREGO AB 238
12.2.7 ATEA 239
12.2.8 RENEWTECH 240
12.2.9 BLANCCO TECHNOLOGY GROUP 241
12.2.10 PROLIMAX 242
12.2.11 TIER1 243
12.2.12 FLEX IT DISTRIBUTION 244
12.2.13 CSI LEASING, INC 245
12.2.14 CHG-MERIDIAN 246
12.2.15 RELUTECH 247
13 APPENDIX 248
13.1 DISCUSSION GUIDE 248
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 251
13.3 CUSTOMIZATION OPTIONS 253
13.4 RELATED REPORTS 253
13.5 AUTHOR DETAILS 254