NEW
YORK, May 14, 2024 /PRNewswire/ -- The
global it asset disposition (itad) market size is
estimated to grow by USD 14.85 bn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of 11.48% during the forecast period.
For more insights on the forecast market size and
historic data (2018 - 2022) - Download Free sample
report in a minutes
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Industry Application
(Large organizations and Small organizations), Type (Computers,
Mobile devices, and Others), and Geography (North America, Europe,
APAC, South America, and Middle East and Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
3 Step IT Group Oy,
Apto Solutions Inc., Blancco Technology Plc, BRP Infotech Pvt.
Ltd., CompuCom Systems Inc., DataSpan Inc., Dell Technologies Inc.,
EOL IT Services Ltd., Hewlett Packard Enterprise Co., Ingram Micro
Inc., International Business Machines Corp., Iron Mountain Inc.,
LifeSpan International Inc., Ocean Enterprises LLC, Renewtech, Sims
Ltd., SK Inc., TBS Industries Inc., Total IT Global, and Xeptor
BV
|
Key Market Trends Fueling Growth
- The rising demand for data migration, particularly from
databases to cloud platforms, is exerting a profound influence on
IT infrastructure disposition.
- The need for effective management and disposition of
decommissioned IT assets has surged in recent years, propelled by
the widespread adoption of cloud services worldwide.
- Cloud-based IT Asset Disposition (ITAD) solutions are gaining
traction among businesses due to their ability to efficiently and
securely recycle and erase information.
- Cloud technologies and mobile work options are opening new
avenues for innovation within organizations, presenting fresh
opportunities for business leaders.
- Leveraging Bring Your Own Device (BYOD) trends, business
leaders craft strategies to enhance competitiveness, elevate
productivity and efficiency, and fortify customer
relationships.
- BYOD, an IT policy permitting employees to use personal mobile
devices such as smartphones, tablets, and laptops to access
enterprise data, is increasingly prevalent.
- However, implementing a BYOD policy entails complexities as it
brings both advantages and disadvantages if not executed
properly.
- Despite challenges, a well-implemented BYOD policy can bolster
productivity and foster innovation, factors poised to drive growth
in the global IT Asset Disposition (ITAD) market in the forecast
period.
Market Challenges
- Many organizations tend not to allocate dedicated budgets for
IT asset disposal due to perceiving the process or associated
services as excessively costly or challenging to manage.
- Disposing of IT assets can be daunting, particularly as these
assets may contain sensitive data that requires safeguarding,
making it challenging to discard them when they become obsolete,
redundant, or outdated.
- Furthermore, since equipment may be recycled or repurposed, it
must be disposed of in a legal and sustainable manner,
necessitating adherence to established IT Asset Disposition (ITAD)
regulations.
- Limited resources, especially prevalent among small and medium
enterprises (SMEs), represent another significant factor
contributing to the scarcity of specialized budgets for IT asset
disposal.
- Organizations typically prioritize allocating funds towards
essential equipment and services, as the value recovery from
outdated assets is often minimal.
- However, failing to allocate adequate funds, opting for
lower-cost providers, or neglecting proper asset disposal
procedures may result in substantially higher costs and pose risks
to both workers and environmental health, as well as expose
security vulnerabilities.
- These factors have the potential to impede the growth of the
global IT Asset Disposition (ITAD) market in the forecast
period.
Research report provides comprehensive data on
impact of trend, driver and challenges - Buy
Report
Segment Overview
This it asset disposition (itad) market report extensively
covers market segmentation by
- Industry Application
- 1.1 Large organizations
- 1.2 Small organizations
- Type
- 2.1 Computers
- 2.2 Mobile devices
- 2.3 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Large organizations- The IT Asset Disposition
(ITAD) market plays a vital role in managing the disposal of IT
assets, including Mobile Devices, Servers, Digital Storage Devices,
and Peripherals, for large organizations. With the rapid adoption
of new technologies and frequent retirement of old assets, ITAD
services provide scalability for efficient disposition. The Data
Destruction segment is a critical aspect of ITAD, ensuring secure
destruction of Persona Identifying Information to prevent data
breaches and comply with regulatory requirements such as HIPAA
security rule and NAID AAA. ITAD also includes Reverse Logistics,
De-Manufacturing, Remarketing, and Recycling. Major verticals like
Aerospace & Defense, Energy and Power, and the IT & telecom
segment rely on ITAD services for Asset recovery, Data destruction,
and Lifecycle management services. The Data Destruction process
adheres to ISO standards and uses advanced techniques like
cloud-based computing and virtualization for secure destruction.
Obstacles in ITAD include the consolidation of data centers and the
evolution of technologies and organizations' work processes. IT
equipment like iOS 15 devices require specialized handling and data
security. Environmental protection is another concern, with
companies like ERI and Iron Mountain Incorporated leading the way
in responsible recycling. The ITAD market caters to various
industries, including the Aerospace & Defense, Energy and
Power, and the IT & telecom segment. It offers comprehensive
ITAD programs, addressing the challenges of data security,
regulatory requirements, and environmental protection during Cloud
migration and the retirement of old assets.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The IT Asset Disposition (ITAD) market encompasses a range of
services, including ISO-standardized asset recovery, data
destruction, and lifecycle management. These solutions are crucial
for managing Personally Identifying Information (PII) in the
context of cloud-based computing and data centers. Compliance with
regulatory requirements, such as HIPAA security rules, is
essential. ERI, Netflix, Amazon, and other organizations leverage
ITAD services for old assets and technologies during consolidation
and cloud migration. BYOD trends add complexity, necessitating
comprehensive ITAD programs. Energy-efficient products and
environmental protection are also key considerations. Iron Mountain
Incorporated and other providers offer IT lifecycle solutions,
addressing obstacles through the evolution of technologies.
Market Research Overview
The IT Asset Disposition (ITAD) market is a significant segment
of the global tech industry. It involves the proper disposal and
recycling of IT assets, including servers, desktops, laptops, and
other electronic devices. The process includes data security,
de-provisioning, transportation, and disposal or resale of IT
equipment. Companies specializing in ITAD services ensure secure
destruction of data and adherence to environmental regulations.
They provide organizations with a cost-effective solution for
end-of-life IT assets, maximizing return on investment through data
recovery, refurbishment, and resale. The market is driven by the
increasing adoption of technology, the need for data security, and
the growing awareness of environmental sustainability.
Additionally, regulatory compliance and the potential for revenue
generation through ITAD services are key factors fueling market
growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Industry Application
-
- Large Organizations
- Small Organizations
- Type
-
- Computers
- Mobile Devices
- Others
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio