Increasing adoption of advanced technologies such as cloud computing, big data analytics are reducing the lifespan of IT equipment. As the adoption of cloud services around the world is increasing, the responsible disposition and management of rejected assets is gaining significance. The rising importance to manage safe and orderly retirement along with expanding data security, regulatory and environmental concerns, is driving the growth of ITAD industry. ITAD disposes obsolete and unwanted equipment in a responsible and ecologically safe manner. However, during transit, data breaching is a major concern, which is hampering the growth of the market.
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The author of the report analyzed that the global data center IT asset disposition market accounted for US$ 12,249.22 million in 2017. IT asset disposition (ITAD) is the business built around setting of outdated or unwanted equipment in a safe and ecologically-responsible way.
Organizations with old equipment, face confusion with the decisions of whether to renovate, resell, recycle or dispose the business equipment.
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If IT asset disposition is avoided for too long, it becomes a huge problem, as it takes up space, increases company’s risk.
Computer/Laptops asset type is estimated to grow at a significant rate during the 2018-2026.
The IT asset disposition market, based on asset type, has been divided into computer/laptops, servers, mobile devices, storage devices. Computer/Laptops segment is leading the asset type market.
This is due to the fact that, every division in an organization is dependent upon personal computers and laptops. This leads to huge number of PCs and laptops, to be disposed.
Besides this, the trend of reselling and recycling laptops and computers will drive the segment in the forecast period.
North America is anticipated to hold a significant share of the global market.
The North America data center IT asset disposition market is anticipated to account for the largest share with maximum demand from the United States. This is due to the fact that, there are more technological advances in North American regions as compared to other regions.
Moreover, there are many emerging companies, which are offering ITAD services to government agencies. For instance, in November 2016, ITRenew, the California based ITAD company, along with the Iron Mountain decided to offer Secure IT Asset Disposition to U.S.
Consolidated Market for IT Asset Disposition with a Few Top Players Accounting for a Major Market Share
Some of the significant players functioning in the global data center IT asset disposition market include IBM Corporation, Arrow Electronics, Hewlett-Packard Company, Dell Inc., Sims Recycling Solutions, Inc., LifeSpan International Inc., Apto Solution, Inc., ITrenew Inc., CloudBlue Technologies, Inc., TBS Industries, Iron Mountain Inc., among others. In November 2017, Iron Mountain included Secure eWaste and IT Asset Disposition (SITAD) services to its U.S.
General Services Administration (GSA) Schedule 36. This is expected to support the destruction or recycling of outdated IT equipment and documents in government.
Such significant offerings of services by leading companies to government agencies is propelling the growth of the data center IT asset disposition market.
- Global Data Center IT Asset Disposition Market - By Service
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitization
- Logistics Management and Reverse Logistics
- Other Services
- On-Site Equipment Audit Solution
- Online Clients’ Portal
- Global Data Center IT Asset Disposition Market - By Asset Type
- Mobile Devices
- Storage Devices
- Networking Devices
- I/O Devices
- Global Data Center IT Asset Disposition Market - By Organization Size
- SOHO and Medium Enterprises
- Large Enterprises
- Global Data Center IT Asset Disposition Market - By End user
- Banking, Financial Service, and Insurance (BFSI)
- IT and Telecom
- Educational Institutions
- Healthcare Industry
- Aerospace and Defense
- Public Sector and Government offices
- Media and Entertainment
- Energy and Utility
- Construction and Real Estate
- Logistics and Transportation
- Global Data Center IT Asset Disposition Market - By Region
- North America
- Rest of North America
- The UK
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Southern Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America
- North America
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