Market Overview:
The global IT asset disposition (ITAD) market is expected to grow from USD 9.5 billion in 2018 to USD 23.8 billion by 2030, at a CAGR of 12.9% during the forecast period. The growth of the market can be attributed to the increasing demand for data security and compliance, growing awareness about environmental responsibility, and rising number of data breaches across industries. The de-manufacturing and recycling segment is expected to hold the largest share of the global ITAD market in 2018.
Product Definition:
The process of properly disposing of old or unused technology assets. Proper disposal includes wiping or destroying data on devices, and recycling or disposing of components in an environmentally friendly way.
De-Manufacturing and Recycling:
De-Manufacturing and recycling are two important aspects of IT Asset Disposition (ITAD) market. De-manufacturing is the process of getting rid of old products so that they no longer pose a threat to the environment. In ITAD, companies do not destroy but rather get rid of their unwanted computer equipment & electronics such as monitors, desktops, laptops & phones by offering them for sale or donation.
Remarketing and Value Recovery:
Remarketing and value recovery are used in IT Asset Disposition (ITAD) market to recover the funds which are invested by the vendors in marketing and advertising of their products. The companies sell their products at a very low price to small scale businesses, who then increase the prices for larger volumes resulting in an overall loss on account of discounts offered.
Application Insights:
The banking, financial services, and insurance (BFSI) segment dominated the global ITAD market in 2017. The BFSI sector is one of the largest consumers of IT assets as they are integral to business operations. As a result, this industry generated a revenue of USD 79.0 billion in 2017. Factors such as growing digitalization across banks and rising demand for cloud computing are expected to drive growth over the forecast period.
The healthcare segment is anticipated to witness significant growth over the forecast period owing to increasing investments in information technology infrastructure for data management and technological advancements that improve patient care delivery systems globally coupled with government initiatives aimed at improving medical record keeping which further drives demand globally for IT asset disposition (ITAD) market by type (de-manufacturing and recycling, remarketing & value recovery & data destruction/data sanitization).
Regional Analysis:
The North American region dominated the global market in 2017. The growth can be attributed to the rising demand for ITAD services from U.S.-based organizations, which is a result of stringent government regulations and compliance mandates, coupled with increasing disposal costs associated with aging IT infrastructure.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increased outsourcing activities by various governments and public sectors in countries such as India, China, Japan among others. In addition, growing awareness regarding e-waste management practices is also expected to drive regional growth over the next eight years. Moreover it has been observed that developing countries such as China are generating more electronic waste than developed nations like U.S., thus driving up its generation rate making it an attractive destination for recycling operations and remarketing services providers globally seeking highest profit margins on their investments while minimizing risks associated with end-of-life products/services offered by them directly or through third parties (i).
Growth Factors:
- Increased focus on data security and compliance: As organizations become more aware of the risks associated with data breaches, they are increasingly turning to third-party IT asset disposition providers to help them securely and compliantly dispose of retired or obsolete devices.
- The growth of big data and analytics: The need for companies to store, manage and analyze ever-growing amounts of data is driving demand for new IT assets—and creating a corresponding need for safe and secure disposal of old ones.
- The BYOD trend: More employees are bringing their own devices (BYOD) into the workplace, resulting in an increase in the number of end-of-life devices that must be disposed of safely and securely.
- Rapid technological advancements: Every day seems to bring new innovations in information technology, from mobile computing to cloud storage solutions. This constant evolution means that businesses must continually upgrade their IT assets, leading to a steady stream of retired equipment that needs proper disposal management.
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Asset Disposition (ITAD) Market Research Report
By Type
De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization
By Application
BFSI, Government & Public, IT & Telecom, Aerospace & Defense, Healthcare, Media and Media and Entertainment, Other
By Companies
Arrow Electronics, Inc., Sims Recycling Ltd., IBM, HPE, Atlantix Global Systems, Iron Mountain Incorporated., GEEP, Dell Inc., ITRenew Inc., Apto Solutions, Inc., CloudBlue, Dataserv, TES-AMM Pte Ltd., LifeSpan International, Inc.
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global IT Asset Disposition (ITAD) Market Report Segments:
The global IT Asset Disposition (ITAD) market is segmented on the basis of:
Types
De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization
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
BFSI, Government & Public, IT & Telecom, Aerospace & Defense, Healthcare, Media and Media and Entertainment, 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:
- Arrow Electronics, Inc.
- Sims Recycling Ltd.
- IBM
- HPE
- Atlantix Global Systems
- Iron Mountain Incorporated.
- GEEP
- Dell Inc.
- ITRenew Inc.
- Apto Solutions, Inc.
- CloudBlue
- Dataserv
- TES-AMM Pte Ltd.
- LifeSpan International, Inc.
Highlights of The IT Asset Disposition (ITAD) 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:
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitization
- By Application:
- BFSI
- Government & Public
- IT & Telecom
- Aerospace & Defense
- Healthcare
- Media and Media and Entertainment
- 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 IT Asset Disposition (ITAD) 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.
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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?
ITAD is the process of disposing or transferring ownership of IT assets to meet business needs.
Some of the major players in the it asset disposition (itad) market are Arrow Electronics, Inc., Sims Recycling Ltd., IBM, HPE, Atlantix Global Systems, Iron Mountain Incorporated., GEEP, Dell Inc., ITRenew Inc., Apto Solutions, Inc., CloudBlue, Dataserv, TES-AMM Pte Ltd., LifeSpan International, Inc..
The it asset disposition (itad) market is expected to register a CAGR of 12.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Asset Disposition (ITAD) 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 IT Asset Disposition (ITAD) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 IT Asset Disposition (ITAD) 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 IT Asset Disposition (ITAD) 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 IT Asset Disposition (ITAD) Market Size & Forecast, 2020-2028 4.5.1 IT Asset Disposition (ITAD) Market Size and Y-o-Y Growth 4.5.2 IT Asset Disposition (ITAD) Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 De-Manufacturing and Recycling
5.2.2 Remarketing and Value Recovery
5.2.3 Data Destruction/Data Sanitization
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Government & Public
6.2.3 IT & Telecom
6.2.4 Aerospace & Defense
6.2.5 Healthcare
6.2.6 Media and Media and Entertainment
6.2.7 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Asset Disposition (ITAD) 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 IT Asset Disposition (ITAD) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 De-Manufacturing and Recycling
9.6.2 Remarketing and Value Recovery
9.6.3 Data Destruction/Data Sanitization
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 Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Government & Public
9.10.3 IT & Telecom
9.10.4 Aerospace & Defense
9.10.5 Healthcare
9.10.6 Media and Media and Entertainment
9.10.7 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 De-Manufacturing and Recycling
10.6.2 Remarketing and Value Recovery
10.6.3 Data Destruction/Data Sanitization
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 Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Government & Public
10.10.3 IT & Telecom
10.10.4 Aerospace & Defense
10.10.5 Healthcare
10.10.6 Media and Media and Entertainment
10.10.7 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 De-Manufacturing and Recycling
11.6.2 Remarketing and Value Recovery
11.6.3 Data Destruction/Data Sanitization
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 Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Government & Public
11.10.3 IT & Telecom
11.10.4 Aerospace & Defense
11.10.5 Healthcare
11.10.6 Media and Media and Entertainment
11.10.7 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 De-Manufacturing and Recycling
12.6.2 Remarketing and Value Recovery
12.6.3 Data Destruction/Data Sanitization
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 Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Government & Public
12.10.3 IT & Telecom
12.10.4 Aerospace & Defense
12.10.5 Healthcare
12.10.6 Media and Media and Entertainment
12.10.7 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 De-Manufacturing and Recycling
13.6.2 Remarketing and Value Recovery
13.6.3 Data Destruction/Data Sanitization
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) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Government & Public
13.10.3 IT & Telecom
13.10.4 Aerospace & Defense
13.10.5 Healthcare
13.10.6 Media and Media and Entertainment
13.10.7 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 IT Asset Disposition (ITAD) Market: Competitive Dashboard
14.2 Global IT Asset Disposition (ITAD) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arrow Electronics, Inc.
14.3.2 Sims Recycling Ltd.
14.3.3 IBM
14.3.4 HPE
14.3.5 Atlantix Global Systems
14.3.6 Iron Mountain Incorporated.
14.3.7 GEEP
14.3.8 Dell Inc.
14.3.9 ITRenew Inc.
14.3.10 Apto Solutions, Inc.
14.3.11 CloudBlue
14.3.12 Dataserv
14.3.13 TES-AMM Pte Ltd.
14.3.14 LifeSpan International, Inc.