IT Asset Disposition (ITAD)

IT Asset Disposition (ITAD)

Global IT Asset Disposition (ITAD) Market to Reach US$37.3 Billion by 2030

The global market for IT Asset Disposition (ITAD) estimated at US$20.0 Billion in the year 2023, is expected to reach US$37.3 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2023-2030. Remarketing & Value Recovery Service, one of the segments analyzed in the report, is expected to record a 10.0% CAGR and reach US$9.5 Billion by the end of the analysis period. Growth in the De-Manufacturing & Recycling Service segment is estimated at 8.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$6.8 Billion While China is Forecast to Grow at 11.6% CAGR

The IT Asset Disposition (ITAD) market in the U.S. is estimated at US$6.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2030 trailing a CAGR of 11.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 9.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.0% CAGR.

Global IT Asset Disposition (ITAD) Market - Key Trends & Drivers Summarized

IT Asset Disposition (ITAD) refers to the process of responsibly disposing of outdated or unused IT equipment. This process includes recycling, refurbishing, reselling, or otherwise disposing of hardware in an environmentally friendly and data-secure manner. As organizations continuously upgrade their technology infrastructure, managing the lifecycle of IT assets has become crucial. ITAD services help companies minimize risks associated with data breaches, comply with environmental regulations, and recover value from obsolete equipment. The rising volume of electronic waste (e-waste) and increasing regulatory pressures are making ITAD a critical component of IT management strategies.

The ITAD market is experiencing significant growth due to several trends and factors. The rapid pace of technological advancements means that companies frequently upgrade their IT assets, leading to a higher turnover of equipment. This has created a substantial need for efficient and secure disposal methods. Additionally, data security concerns are driving organizations to seek ITAD services that ensure sensitive information is properly destroyed before disposal. The growing awareness of environmental sustainability and the need to comply with e-waste regulations are further encouraging the adoption of ITAD practices. Companies are also recognizing the financial benefits of ITAD, as refurbished equipment can be resold, providing a return on investment.

The growth in the IT Asset Disposition market is driven by several factors. Firstly, the increasing turnover of IT equipment due to rapid technological advancements is creating a higher demand for ITAD services. Secondly, stringent data security regulations and the need to protect sensitive information are compelling organizations to adopt secure ITAD practices. Thirdly, the rising awareness of environmental issues and the need to comply with e-waste regulations are promoting the adoption of responsible disposal methods. Lastly, the financial incentives of recovering value from obsolete equipment through refurbishing and reselling are encouraging companies to invest in ITAD services. These factors collectively ensure the continued expansion of the ITAD market.

Select Competitors (Total 294 Featured) -

• Apple, Inc.
• Adamec Recycling GmbH
• ADL Process, Inc.
• Advanced Technology Recycling
• Advantage E-Cycling
• Asset LifeCycle LLC
• Apto Solutions, Inc.
• A2Z Group
• 406 Recycling
• A1 Assets, Inc.
• ARCA Recycling, Inc.
• ADAPTURE Technology Group
• Adonis
• Akooba
• 3 Step IT Group

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