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

  • ID: 4805654
  • Report
  • July 2021
  • Region: Global
  • 314 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Apto Solutions, Inc.
  • EOL IT Services Ltd.
  • Gigacycle Ltd.
  • IBM Corporation
  • Ingram Micro
  • Maxicom Inc.

Global IT Asset Disposition (ITAD) Market to Reach $24.5 Billion by 2026


Amid the COVID-19 crisis, the global market for IT Asset Disposition (ITAD) estimated at US$14.6 Billion in the year 2020, is projected to reach a revised size of US$24.5 Billion by 2026, growing at a CAGR of 8.8% over the analysis period. Remarketing & Value Recovery, one of the segments analyzed in the report, is projected to grow at a 9.5% CAGR to reach US$7.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the De-Manufacturing & Recycling segment is readjusted to a revised 7.9% CAGR for the next 7-year period. This segment currently accounts for a 21% share of the global IT Asset Disposition (ITAD) market.

The U.S. Market is Estimated at $5.8 Billion in 2021, While China is Forecast to Reach $3.4 Billion by 2026


The IT Asset Disposition (ITAD) market in the U.S. is estimated at US$5.8 Billion in the year 2021. The country currently accounts for a 37.69% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.4 Billion in the year 2026 trailing a CAGR of 12.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 8.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR while Rest of European market (as defined in the study) will reach US$3.9 Billion by the close of the analysis period.

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/Data Sanitization Segment to Reach $7.2 Billion by 2026


Data destruction and data sanitization remains the largest service segment 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. In the global Data Destruction/Data Sanitization segment, USA, Canada, Japan, China and Europe will drive the 9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$6.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$685.3 Million by the year 2026.

Select Competitors (Total 107 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

FEATURED COMPANIES

  • Apto Solutions, Inc.
  • EOL IT Services Ltd.
  • Gigacycle Ltd.
  • IBM Corporation
  • Ingram Micro
  • Maxicom Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • IT Asset Management Industry from the Pandemic Lens
  • Asset Storage & Relocation Services Gain Traction
  • IT Asset Disposition Players to Gain from Delayed Projects & Pent-Up Demand in 2021
  • ITAD Vendors Innovate with Disposal Box Programs
  • Global Market Prospects & Outlook
  • Exhibit 2: World IT Asset Disposition Market by Asset Type (2020 & 2027): Percentage Breakdown of Sales for Computers/Laptops, Mobile Devices, Servers, Peripherals, Storage Devices, and Other Asset Types
  • COVID-19-Led New Normal Holds Major Implications for IT Asset Disposition Strategy
  • Analysis by Service Type
  • Data Destruction & Data Sanitization: Largest Service Segment
  • Exhibit 3: World IT Asset Disposition Market by Service (2020 & 2027): Percentage Breakdown of Sales for Remarketing & Value Recovery, De-Manufacturing & Recycling, Data Destruction/Data Sanitization, Logistics Management & Reverse Logistics, and Other Services
  • Remarketing & Value Recovery Services Remain Highly Relevant
  • Robust Demand for ITAD De-Manufacturing & Recycling Services
  • Logistics Management & Reverse Logistics Gain Traction
  • BFSI, IT & Telecom, and Media & Entertainment: Major End-Users Presenting Growth Opportunities
  • Exhibit 4: World IT Asset Disposition Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for IT & Telecom, Media & Entertainment, BFSI, Healthcare, Government, Educational Institutions, and Other End-Uses
  • While Developed Regions Remain Major Revenue Generators, Developing Regions Emerge as Fastest Growing Markets
  • Exhibit 5: World IT Asset Disposition Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 6: Global IT Asset Disposition Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, Canada, USA, Europe, and Japan
  • Competitive Scenario
  • Electronics Recycling & IT Asset Disposition Players Mend Ways to Deal with COVID-19
  • With Impact of COVID-19 Waning Gradually, IT Asset Disposition Companies Get Back to Business
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS
  • Select Global Brands

3. MARKET TRENDS & DRIVERS
  • Ongoing Drive towards Digital Transformation Instigates Opportunities
  • Exhibit 7: Global Digital Transformation Spending (In US$ Trillion) for the Years 2019 through 2023
  • Large Installed Base of IT Assets & Sustained Investments on IT Devices Augurs Well
  • Quicker Obsolescence of IT Devices & Resulting E-Waste Volumes Amplify the Need for ITAD
  • Exhibit 8: 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 9: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Exhibit 10: Global IoT Spending: Percentage Breakdown by Industry Vertical for the Years 2018 and 2022
  • Exhibit 11: IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2018 & 2025
  • Widespread Adoption of Cloud Computing Elevates Prospects for ITAD
  • Exhibit 12: Global Public Cloud Computing Market (in US$ Billion) by Segment for the Years 2019 and 2022
  • Exhibit 13: Key Benefits Driving Adoption of Cloud Services of Large, Medium and Small Businesses
  • Rise of Cloud Data Center Spurs the Demand for ITAD Services
  • Exhibit 14: Global Data Center IP Traffic Breakdown (in %) by Cloud and Traditional Data Centers for the Years 2017, 2019 and 2021
  • 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 15: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 16: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Exhibit 17: 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
  • Ongoing Trade Wars to Impact the ITAD Market
  • Resolving Prevailing Issues & Challenges: Critical for Future Success of ITAD Services Market
  • Transit Challenges
  • Material & Process Level Challenges
  • Smaller & Thinner IT Devices Amplify the Complexity
  • Low Awareness Levels Thwart Industry Efforts
  • Low Commodity Price Values: A Major Challenge
  • Pandemic Led Changing IT Landscape Throws Challenges for ITAD

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Exhibit 18: Average Lifespan (in Years) of Select Consumer Electronic Products in the US
  • Exhibit 19: Volume of Electronic Scrap Collection in the US in Million Pounds for the Years 2016 & 2022F
  • High Smartphone Penetration Provides Opportunities for ITAD
  • Exhibit 20: Average Lifespan of Smartphones in the United States
  • Companies Focus on E-Waste and IT Asset Disposition Management
  • Market Analytics

CANADA

JAPAN
  • Market Overview
  • Market Analytics

CHINA

EUROPE
  • Market Overview
  • Exhibit 21: IT and E-Waste Generated per Inhabitant in Kg for Select European Countries
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION
  • Total Companies Profiled: 107
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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