Market Overview:
The global asset recovery services market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing number of data breaches and cyber-attacks, rising awareness about data security among consumers, and growing demand for data recovery services from small and medium businesses (SMBs). The global asset recovery services market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into personal, commercial, military, and other segments. The personal segment accounted for the largest share in 2017 owing to increasing use of digital devices such as smartphones and laptops by individuals for storing their personal information. On the basis of application, the market is divided into SD card recovery service; hard disk drive (HDD) recovery service; USB drive Recovery service; mobile phone Recovery service; PC & tablet Recovery service; other applications segments. The SD card segment accounted for a major share in 2017 due to its high usage in portable devices such as smartphones and tablets.
Product Definition:
Asset Recovery Services refers to the process of locating, identifying, seizing and selling assets that have been misappropriated or are the proceeds of criminal activity. Asset Recovery Services are important because they help law enforcement agencies deprive criminals of the proceeds of their crimes, and they also help return stolen property to its rightful owner.
Personal:
The global personal is the key to unlock asset recovery in any organization. Asset recovery is a process of finding valuables and lost objects such as jewelry, cash, watches, laptops and other items which are left behind during a theft or accident. The service providers use various techniques for locating these valuables including metal detectors at airports or stations where many travelers leave their belongings behind when boarding the wrong train or flight.
Commercial:
Commercial is a software designed for the management of inventory and equipment in any type of business. It helps to track, manage, and control all types of commercial equipment including construction machinery, transportation vehicles, industrial machinery among others. The asset recovery service includes two parts such as technical part and Commercial Part which are used separately or in combination with each other based on the requirement.
Application Insights:
The market is segmented by application into solid-state drive, hard disk drive, USB flash drives, mobile phones/PC & tablets, and other. The other segment includes digital cameras/camcorders/mp3 players etc. Asset recovery services are majorly used for the retrieval of data from these devices after they are lost or stolen. The retrieval of such data is considered critical as it may contain financial information or sentimental belongings of customers that should not be mislaid.
The solid-state drive segment held a significant share in 2016 owing to the increasing demand for high storage capacity drives with enhanced performance and reliability for storing digital files including videos and documents related to business operations. In addition, growing concerns over device theft have led to an increased number of recoveries cases where SSDs are misplaced or stolen along with personal computers which points towards a potential growth opportunity during the forecast period 2018-2030 period.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing cases of theft and natural disasters. The growing number of recovery service providers, rising demand for data retrieval services, and technological advancements are some factors driving the regional market growth. Europe accounted for a major share in 2016 owing to high-crime rates resulting in increased instances of property crime coupled with a large amount of unrecovered stolen assets. Asset recovery is an important aspect as it helps reduce crime by recovering lost or stolen property thus reducing economic loss associated with theft or burglary.
Asia Pacific also held a substantial revenue share due to high-unemployment rate, civil unrest & revolution, political instability & coups resulting into huge losses suffered by businesses/corporations which results into increased instance of asset recovery by law enforcement agencies thus propelling the need for professional asset recovery services thereby driving industry growth across this region at a significant pace over the forecast period.
Growth Factors:
- Increasing awareness about the benefits of asset recovery services among businesses and consumers.
- Rapid growth in the e-commerce sector, which is resulting in an increase in the number of returned and defective products.
- The increasing popularity of resale platforms such as eBay and Amazon, which are making it easier for businesses to sell their surplus or unwanted inventory.
- The growing trend of outsourcing non-core functions by businesses, which is leading to an increase in demand for asset recovery services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asset Recovery Services Market Research Report
By Type
Personal, Commercial, Military, Other
By Application
SD Card, Hard Disk, USB Drive, Mobile Phone, PC & Tablet, Other
By Companies
IBM, Sims Recycling, Dell, Lenovo, HPE, Minntek, Atlantix, Avnet, NorthStar, iQOR, PCM, Nokia
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Asset Recovery Services Market Report Segments:
The global Asset Recovery Services market is segmented on the basis of:
Types
Personal, Commercial, Military, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SD Card, Hard Disk, USB Drive, Mobile Phone, PC & Tablet, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Sims Recycling
- Dell
- Lenovo
- HPE
- Minntek
- Atlantix
- Avnet
- NorthStar
- iQOR
- PCM
- Nokia
Highlights of The Asset Recovery Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Personal
- Commercial
- Military
- Other
- By Application:
- SD Card
- Hard Disk
- USB Drive
- Mobile Phone
- PC & Tablet
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Asset Recovery Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Asset recovery services are a type of business that helps businesses and individuals recover assets that have been stolen or lost. These services can help businesses get back money that was stolen, help people find missing assets, and help companies track down criminals who have stolen property.
Some of the major companies in the asset recovery services market are IBM, Sims Recycling, Dell, Lenovo, HPE, Minntek, Atlantix, Avnet, NorthStar, iQOR, PCM, Nokia.
The asset recovery services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Asset Recovery Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Asset Recovery Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Asset Recovery Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Asset Recovery Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Asset Recovery Services Market Size & Forecast, 2018-2028
4.5.1 Asset Recovery Services Market Size and Y-o-Y Growth
4.5.2 Asset Recovery Services Market Absolute $ Opportunity
Chapter 5 Global Asset Recovery Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Asset Recovery Services Market Size Forecast by Type
5.2.1 Personal
5.2.2 Commercial
5.2.3 Military
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Asset Recovery Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Asset Recovery Services Market Size Forecast by Applications
6.2.1 SD Card
6.2.2 Hard Disk
6.2.3 USB Drive
6.2.4 Mobile Phone
6.2.5 PC & Tablet
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Asset Recovery Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Asset Recovery Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Asset Recovery Services Analysis and Forecast
9.1 Introduction
9.2 North America Asset Recovery Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Asset Recovery Services Market Size Forecast by Type
9.6.1 Personal
9.6.2 Commercial
9.6.3 Military
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Asset Recovery Services Market Size Forecast by Applications
9.10.1 SD Card
9.10.2 Hard Disk
9.10.3 USB Drive
9.10.4 Mobile Phone
9.10.5 PC & Tablet
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Asset Recovery Services Analysis and Forecast
10.1 Introduction
10.2 Europe Asset Recovery Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Asset Recovery Services Market Size Forecast by Type
10.6.1 Personal
10.6.2 Commercial
10.6.3 Military
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Asset Recovery Services Market Size Forecast by Applications
10.10.1 SD Card
10.10.2 Hard Disk
10.10.3 USB Drive
10.10.4 Mobile Phone
10.10.5 PC & Tablet
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Asset Recovery Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Asset Recovery Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Asset Recovery Services Market Size Forecast by Type
11.6.1 Personal
11.6.2 Commercial
11.6.3 Military
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Asset Recovery Services Market Size Forecast by Applications
11.10.1 SD Card
11.10.2 Hard Disk
11.10.3 USB Drive
11.10.4 Mobile Phone
11.10.5 PC & Tablet
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Asset Recovery Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Asset Recovery Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Asset Recovery Services Market Size Forecast by Type
12.6.1 Personal
12.6.2 Commercial
12.6.3 Military
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Asset Recovery Services Market Size Forecast by Applications
12.10.1 SD Card
12.10.2 Hard Disk
12.10.3 USB Drive
12.10.4 Mobile Phone
12.10.5 PC & Tablet
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Asset Recovery Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Asset Recovery Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Asset Recovery Services Market Size Forecast by Type
13.6.1 Personal
13.6.2 Commercial
13.6.3 Military
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Asset Recovery Services Market Size Forecast by Applications
13.10.1 SD Card
13.10.2 Hard Disk
13.10.3 USB Drive
13.10.4 Mobile Phone
13.10.5 PC & Tablet
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Asset Recovery Services Market: Competitive Dashboard
14.2 Global Asset Recovery Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM
14.3.2 Sims Recycling
14.3.3 Dell
14.3.4 Lenovo
14.3.5 HPE
14.3.6 Minntek
14.3.7 Atlantix
14.3.8 Avnet
14.3.9 NorthStar
14.3.10 iQOR
14.3.11 PCM
14.3.12 Nokia
