IT Asset Disposition (ITAD) Market - Snapshot
ITAD is a procedure for the safe disposal of IT assets of an organization. ITAD comprises several processes, including data sanitization/data destruction, recovery, and recycling. Companies increasingly demand the resale and remarketing of used equipment in order to reap the maximum possible RoI. The global ITAD market is anticipated to expand with the rising demand for used/refurbished IT equipment and increasing data security concerns across the globe.
The global ITAD market is expected to expand at a CAGR of 7.3% during the forecast period 2019 to 2027. The market is expected to reach US$ 23,184.9 Mn by 2027. Data breaches result in monetary losses. When an IT asset is set out for disposal, it is essential for the company to ensure that the data stored in the asset is either migrated or destroyed. The rising trend of migration of data to the cloud is leading to replacement of older IT infrastructure. This is expected to drive the ITAD market significantly. Furthermore, governments around the globe are concentrating on resolving the environmental issues that are arising from e-waste, thus resulting in introduction of several rules and regulations regarding the safe disposal of IT assets.These rules and regulations are compelling companies to approach ITAD vendors in order to dispose their assets as per the industry standards. All these factors are expected to drive the global ITAD market.
The global ITAD market has been segmented based on asset type, service, enterprise size, and end-use industry. On the basis of asset type, the market has been segmented into computers/laptops, mobile devices, peripherals, storages, servers, and others. Based on service, the ITAD market has been bifurcated into data sanitization/destruction, recycling, remarketing, asset recovery, and reverse logistics. In terms of enterprise size, the market has been classified into small enterprises, medium enterprises, and large enterprises. On the basis of end-use industry, the market has been classified into BFSI, Telecom & IT, government & public, aerospace & defense, energy & utilities, healthcare, media & entertainment, data centers, and others. Revenue data is estimated for all the above mentioned segments.
The ITAD market is also bifurcated on the basis of regions into North America, Europe, South America, Middle East &Africa, and Asia Pacific. In terms of region, the market in Asia Pacific is expected to expand at the fastest rate at a CAGR of around 8.7% during the forecast period 2019-2027. Rising number of companies providing mobile devices to their employees for internal communication is expected to boost the ITAD market significantly. For instance, according to the report titled- “The Mobile Economy 2017,” published by Global System for Mobile Communications (GSMA), approximately 75% of mobile connections in developed regions are from smartphones. Furthermore, according to GSMA, the total number of smartphone users in Europe was approximately 296 million in 2016 and a steady growth is expected in the coming years, thus positively impacting the growth of the ITAD market.
Furthermore, organizations demand that ITAD service provides be regionally certified. These certifications include eSteward and Responsible Recycling (R2). ITAD service providers are focused on attaining the highest levels of certification in order to establish themselves in the market. The companies arealso investing in emerging markets in order to expand their operations at a global scale.
Key service providers of ITAD services include Apto Solutions, Arrow Electronics, Inc., Dell, Inc., EOL IT Services, Exit Technologies, Gigacycle, GreenTekReman Pvt. Ltd., HP Ltd., ICEX Ltd., Ingram Micro, Inc. (Formerly CloudBlue), Iron Mountain, Inc., ITRenew, Inc., LifeSpan International, Inc., Maxicom Network, Inc., MultiTek, LLC., Sims Recycling Solutions, Inc., TBS Industries, TES-AMM Pte Ltd. (Formerly Dataserv Group), The Centrics Group, and Wisetek.
IT Asset Disposition (ITAD) Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the ITAD market at the global and regional level. The report provides an analysis of the global ITAD market for the period from 2016 to 2027, wherein 2019 to 2027 comprises the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends playing a major role in the growth of the ITAD market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a complete perspective on the ITAD market growth in terms of revenue in US$ Mn and thousand units, across different geographical regions namely North America, Europe, Asia Pacific, Middle East& Africa, and South America.The report would help suppliers and distributors to understand the current and future trends in the market and formulate their strategies accordingly.
Global ITAD Market: Scope of the Report
The ITAD market has been segmented in terms of asset type, service, enterprise size, and end-use industry. Based on asset type, the market has been segmented into computers/laptops, mobile devices, peripherals, storages, servers, and others. Based on service, the ITAD market has been bifurcated into data sanitization/destruction, recycling, remarketing, asset recovery, and reverse logistics. In terms of enterprise size, the market has been classified into small enterprises, medium enterprises, and large enterprises. On the basis of end-use industry, the market has been classified into BFSI, Telecom &IT, government & public, aerospace & defense, energy & utilities, healthcare, media & entertainment, datacenters, and others.
The report also includes competitive profiling of key players associated with the market around the globe. The important business strategies adopted by leading players, their market positioning, financials, and recent developments have been identified in the research report.The competitive landscape section of the report gives an overview about the major regions/countries providing opportunities for key players in order to strengthen their market position in the future.
Global ITAD Market: Research Methodology
The ITAD market data estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of our research efforts, supplemented by extensive secondary research. Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the ITAD market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding purposes. Secondary research also includes a study of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Global ITAD Market: Competitive Dynamics
Major strategies adopted by ITAD solution providers include strategic acquisitions and partnerships. During the forecast period, it is estimated that established players in the market would either get merged into large enterprises or would give tough competition to emerging players in the market. It is estimated that leading ITAD solution providers would acquire regional players to improve their distribution networks in the domestic as well as international markets.Details such as financials, business strategies, SWOT analysis, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
IT Asset Disposition (ITAD) Market
By Asset Type
- Mobile Devices
- Others (Network Equipment)
- Data Sanitation/ Destruction
- Asset Recovery
- Reverse Logistics
By Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
By End-use Industry
- Banking, Financial Services and Insurance (BFSI)
- Telecom and IT
- Government and Public
- Aerospace & Defense
- Energy &Utilities
- Media & Entertainment
- Datacenters (Includes companies such as Amazon Web Services (AWS), Google, Inc., Facebook, Inc., and Apple, Inc.)
- Tier 1
- Tier 2
- Tier 3
- Others (Manufacturing, Education)
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- South America