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IT Asset Disposition (ITAD) - Global Market Trajectory & Analytics

  • ID: 4805654
  • Report
  • April 2021
  • Region: Global
  • 330 pages
  • Global Industry Analysts, Inc
COVID-19 is a Lesson in Safeguarding the Environment. ITAD to Reach $20.7 Billion by 2027

The global market for IT Asset Disposition (ITAD) is projected to reach US$20.7 billion by the year 2027, trailing a CAGR of 8.6% over the analysis period 2020 to 2027.COVID-19 pandemic has taught humanity a lesson on the importance of safeguarding the environment and tackling climate change before it is too late. A world emerging wiser from the pandemic in the coming years will step up investments in environmental protection and sustainability technologies. COVID-19 outbreak has several links to the worsening global environmental problems. The pandemic has also highlighted the unpreparedness of the healthcare system to handle a public health crisis. The crisis has underlined the inadequacy of current policies to protect wildlife & the environment. Strong focus in the coming years will be shed on IT Asset Disposition (ITAD) to prevent e-waste from emerging into the next big environmental & health crisis. eWaste management will attract billions of dollars in proactive investments geared to protect the environment from future crisis.

ITAD is focused on disposal of unwanted, worn-out, and obsolete information technology (IT) equipment in a safe and ecologically-responsible manner. Modern enterprises usually have a heavy replacement cycle of IT equipment and are regularly faced with decisions pertaining to whether resell, refurbish, dispose or recycle their worn out old business equipment. For such enterprises, ITAD vendors extend support in streamlining the IT asset disposition process, while maximizing the recouping of losses and reducing the costs. A host of factors are expected to boost the prospects for ITAD services market in the coming years. ITAD services market typically stands to gain from massive installed base of IT systems such as computers and servers; growing adoption of advanced technologies and concepts such as cloud computing and BYOD; fast evolving role of IoT; and shift towards Industry 4.0 & 'Smart Factory' environments. At the same time, factors such as environmental concerns and regulatory issues pertaining to IT assets disposal, and data security regulations such as GDPR will have a strong bearing on future growth of the ITAD services market. In post COVID-19 period, enterprises will be more willing to leverage ITAD services such as recovery, recycling, data destruction or data sanitization, to manage the waste disposal, restrict the risk of data loss, and the subsequent financial losses, thus giving impetus to ITAD services market. Rising demand for refurbished/used IT equipment and rapidly evolving data security concerns with discarded IT equipment, also favor long-term growth in the ITAD services market.

Data destruction and data sanitization remain highly relevant service segments within the ITAD services market. There have been noteworthy developments in data destruction and data sanitization domains in recent years, some of which include new standards for media sanitization, emergence of diverse data storage devices, dedicated sanitized commands for data destruction, adoption of cryptographic erase method, and relevance of one-pass overwrite. Rapid technological advancements and diversification of data storage devices have made it extremely complicated for a single standard to cover all aspects. The issue is responsible for replacement of DoD 5220.22-M standard related to disk-wiping algorithms with NIST SP 800.88. The document covers three forms of media sanitization including purge, clean and destroy as well offers minimum guidelines and specifications for individual media sanitization categories and storage devices. The industry is witnessing availability of diverse forms of data storage devices along with extension of capacities for traditional options such as magnetic hard drives. Despite the opportunities for growth, lack of recycling infrastructure, proper regulatory policies, low level of awareness across several developing and underdeveloped regions, and inadequate number of e-waste collection centers will remain major challenges to growth. Furthermore, low recycling rate, lack of proper incentive policies, and high cost of e-waste management are limiting the growth rate in developing and underdeveloped regions. Moreover, factors like uncontrolled dismantling, disposal and burning of electronic waste are likely to adversely affect the market. Some of the other prominent challenges include compliance with local, state and federal legislations, data security, management of logistics and auditing & management of downstream processors and e-waste recyclers.

Select Competitors (Total 74 Featured):
  • Apto Solutions, Inc.
  • Asset Management Ireland Ltd.
  • Dell Technologies
  • EOL IT Services Ltd.
  • Exit Technologies
  • Gigacycle Ltd.
  • GreenTek Reman Pvt. Ltd.
  • Hewlett-Packard Enterprise
  • IBM Corporation
  • ICEX Ltd.
  • Ingram Micro
  • Iron Mountain Incorporated
  • ITRenew, Inc.
  • LifeSpan International, Inc.
  • Maxicom Inc.
  • MultiTek, LLC
  • Sims Recycling Solutions, Inc.
  • TBS Industries Inc.
  • Tes-Amm India Pvt. Ltd.
  • Tes-Amm Singapore Pte Ltd.
  • Wisetek Solutions, Inc.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Crisis Set to Induce Short-Term Weakness into IT Asset Disposition (ITAD) Services Market
  • Long-Term Prospects Remain Optimistic for ITAD Services Market
  • Recent Market Activity
  • Analysis by Service Type
  • Remarketing & Value Recovery Services: Largest Service Segment
  • Robust Demand for ITAD De-Manufacturing & Recycling Services
  • Data Destruction & Data Sanitization Remain Highly Relevant
  • Logistics Management & Reverse Logistics Gain Traction
  • IT & Telecom, Media & Entertainment and Healthcare: Major End-Users Presenting Growth Opportunities
  • While Developed Regions Remain Major Revenue Generators, Developing Regions Emerge as Fastest Growing Markets
  • Exhibit 1: World IT Asset Disposition Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: Global IT Asset Disposition Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, Canada, Europe, USA, and Japan
  • Select Global Brands
  • Large Installed Base of IT Assets & Drive towards Digital Transformation Instigate Broad-based Opportunities to ITAD Services Market
  • Exhibit 3: Global Digital Transformation Growth (In %) for Years 2019, 2021 & 2023
  • Quicker Obsolescence of IT Devices & Resulting E-Waste Volumes Amplify the Need for ITAD
  • Exhibit 4: Average Lifespan (in Years) of Select IT Products
  • Data Security Concerns associated with Discarded IT Equipment Build Robust Momentum
  • Critical Importance of IT Asset Management in Modern Enterprise Environments Points Towards Progressive Adoption of ITAD Services
  • Expanding IoT Ecosystem Provides Steady Demand Prospects
  • Exhibit 5: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Exhibit 6: Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
  • Widespread Adoption of Cloud Computing Elevates Prospects for ITAD
  • Rise of Cloud Data Center Spurs the Demand for ITAD Services
  • With BYOD Evolving into Mainstream Enterprise Concept, Opportunities Galore for ITAD Services Market
  • Key Factors Encouraging BYOD Trend among Enterprises Ranked by Importance Attached by Enterprises
  • Smartphone Nurtures BYOD Ecosystem
  • Exhibit 7: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 8: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Exhibit 9: Surging Smartphone Penetration: Smartphone Users as % of Global Population for the Period 2018-2022
  • Growing Use of Recyclable Materials in Making IT Devices Augurs Well for ITAD Market
  • Involvement of Device Manufacturers & Retailers Boosts Market Prospects
  • Resolving Prevailing Issues & Challenges: Critical for Future Success of ITAD Services Market
  • Persistent Material and Process Level Challenges
  • Smaller & Thinner IT Devices Amplify the Complexity
  • Low Awareness Levels Thwart Industry Efforts
  • Low Commodity Price Values: A Major Challenge
  • Market Overview
  • Exhibit 10: Average Lifespan (in Years) of Select Consumer Electronic Products in the US
  • Exhibit 11: Volume of Electronic Scrap Collection in the US in Million Pounds for the Years 2016 & 2022F
  • High Smartphone Penetration Provides Opportunities for ITAD
  • Exhibit 12: Average Lifespan of Smartphones in the United States
  • Companies Focus on E-Waste and IT Asset Disposition Management
  • Market Overview
  • Market Overview
  • Exhibit 13: IT and E-Waste Generated per Inhabitant in Kg for Select European Countries
  • Total Companies Profiled: 74
Note: Product cover images may vary from those shown