Report Code: CMI21239

Published Date: October 2022

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 7.6%
14.2B
2021
15.80B
2022
28.56B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Apto Solutions Inc.
  • Dell Inc
  • Hewlett Packard Enterprise Development
  • CompuCom Systems Inc.
  • IBM Corporation
  • Others

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Reports Description

Market Overview

According to Custom Market Insights (CMI), The Global IT Asset Disposition Market size was estimated at USD 14.2 billion in 2021 and is expected to reach USD 15.80 billion in 2022 and is estimated to grow to USD 28.56 billion by 2030, with a compound annual growth rate (CAGR) of approximately 7.6% over the forecast period.

Our research report offers a 360-degree view of the IT Asset Disposition market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the IT Asset Disposition market.

  • IT asset disposition is the process through which unneeded or outdated equipment is typically disposed of in a secure and environmentally friendly way. ITAD suppliers are professionals at streamlining IT assets’ disposal while minimizing costs and maximizing loss recovery because businesses constantly modify their IT infrastructure. The replacement cycle for IT equipment in IT enterprises is exceptionally high. The adoption of ITAD services is fueled by the steadily increasing demand for consumer electronics and increased consumer awareness of the importance of efficiently disposing of IT assets. Additionally, the industry is growing due to current rules requiring secure and environmentally responsible e-waste disposal. The Sarbanes-Oxley Act (SOX) and the Fair and Accurate Credit Transactions Act are only two of the more than 550 rules in the US that are connected to disposing of IT assets, according to the Harvard Business Review (FACTA).
  • Although many firms have a planned cycle for replacing electronic devices, businesses with outdated hardware must decide whether to restore, resell, recycle, or dispose of it. Internally, the asset management, accession, and risk management teams handle various aspects of the IT asset disposition process. A business may also work with outside ITAD-focused companies in collaboration.
  • These companies often provide secure data destruction and ethical recycling of electronic trash. ITAD providers are professionals at rearranging the disposition of IT assets for their customers to reduce costs and possibly even recover some equipment value. The market for IT asset disposition has grown due to rising consumer awareness of the importance of effective IT asset disposition. Businesses also emphasize the advantages of cloud computing, which has led to a paradigm shift away from on-premise solutions and toward the cloud, which is a big market driver for IT disposition.
  • The IT asset disposition market has a reverse value chain, as opposed to the forward value chain. While cost reduction, environmental restrictions, and profit maximization are prioritized in a forward value chain, cutting costs and boosting profits are two critical objectives in a reverse value chain. End users, product acquisition, reverse logistics, inspection and disposition, refurbishment, distribution, and sales are the six processes that comprise the value chain for disposing of IT assets.

Global IT Asset Disposition Market 2023 – 2032 (By Organization Size)

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Report Scope

The global IT Asset Disposition market research report offers an in-depth analysis of the global market size, further segmented into the regional and country-level market size and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by asset type, end-use, and geography.

Feature of the Report Details
Market Size in 2021 USD 14.2 Billion
Projected Market Size in 2030 USD 28.56 Billion
Market Size in 2022 USD 15.80 Billion
CAGR Growth Rate 7.6% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Apto Solutions Inc., Dell Inc, Hewlett Packard Enterprise Development, CompuCom Systems Inc., IBM Corporation, Iron Mountain Incorporated, LifeSpan Intern International Inc., Sims Lifecycle Services Inc., Ingram Micro Services, and Others
Key Segment By Asset Type, End-use, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfill your requirements for research.

Key Market Dynamics

  • The past several years have seen a notable increase in the demand for IT asset disposition, primarily due to increased investments, the expansion of end-use sectors, the adoption of cloud-based technologies, the usage of new technologies, and the BYOD trend.
  • The market is driven by the massive volume of e-waste created, the necessity for appropriate e-waste disposal techniques, and the demand that businesses follow environmental regulations. Small and medium-sized businesses’ growing demand for IT asset disposal, as well as a growing trend toward the creation of energy-efficient products, also have an impact on the industry.
  • Additionally, throughout the anticipated period, profitable prospects will be extended to market participants through strategic alliances and acquisitions and increased sales of used equipment on websites that offer online auctions or to employees.
  • After their lifecycle, IT assets must be disposed of using the proper procedures and methods. However, it is anticipated that during the analysis period, factors like limited awareness and high service charges will restrain the growth of the IT Asset Disposition Market.
  • Additionally, it is anticipated that the absence of comprehensive IT asset liquidation policies, illegal norms, and unsustainable practices will restrain market expansion.

Global IT Asset Disposition Market 2023 – 2032 (By Billion)

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North America Dominated the IT Asset Disposition Market in 2021

  • During the forecast period, North America will hold the most significant market share for the disposal of IT assets. The market for disposing of IT assets in North America is expanding due to factors like adopting new technologies, product innovation, strict regulations, and environmental consciousness. Additionally, a growing number of cloud data centers and a thriving IT industry in the area are anticipated to drive growth in the North American IT asset disposition market over the forecast year.
  • The region’s success is attributed to its booming IT industry and growing cloud data centers. Additionally, it is anticipated that the existence of various ITAD service providers and the widespread adoption of cloud-based technologies will accelerate market expansion. The flourishing IT business and expanding number of cloud data centers in the area are credited with the region’s success. Additionally, it is anticipated that the existence of various ITAD service providers and the widespread adoption of cloud-based technologies will accelerate market expansion.
  • According to estimates, the sale of US IT assets will increase rapidly due to the introduction of new technology and digitalization, which will cause obsolete equipment to be replaced. Additionally, during the past few years, demand for ITAD has surged in the US to manage and guarantee the safe disposal of the created e-waste.
  • During the anticipated period, the US will use ITAD the most frequently. The US IT asset disposition market is expanding due to adopting new technology, product innovation, strict regulations, and environmental consciousness.

Competitive Landscape

The key players in the IT Asset Disposition Market include Hewlett Packard Enterprise, IBM, Dell Technologies, Sims Limited, Iron Mountain, 3stepIT, CompuCom, TES, LifeSpan International, and Apto Solutions, among others.

These major companies, who hold a significant market share in IT asset disposition, focus on expanding their clientele into other nations. To increase their market share and earnings, these companies are collaborating strategically.

On the other hand, thanks to technological advancements and product breakthroughs, mid-size and smaller enterprises are increasing their market presence by securing new contracts and breaking into new sectors.

  • 2022: To provide new levels of automation, security, and multi-cloud flexibility, Dell Inc. launched storage software improvements.
  • 2022: Hewlett Packard Enterprise Development streamlines administration for open and traditional networks to automate RAN deployments.

Global IT Asset Disposition Market 2023 – 2032 (By Asset Type)

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List of the prominent players in the global IT Asset Disposition market:

  • Apto Solutions Inc.
  • Dell Inc
  • Hewlett Packard Enterprise Development
  • CompuCom Systems Inc.
  • IBM Corporation
  • Iron Mountain Incorporated
  • LifeSpan Intern International Inc.
  • Sims Lifecycle Services Inc.
  • Ingram Micro Services

The global IT Asset Disposition market is segmented as follows:

By Service

  • De-Manufacturing & Recycling
  • Remarketing & Value Recovery
  • Data Destruction/Data Sanitation
  • Logistics Management & Reverse Logistics

By Asset Type

  • Computers/Laptops
  • Servers
  • Mobile Devices
  • Storage Devices
  • Peripherals

By Organization Size

  • Small & Medium-Sized Enterprises
  • Large Enterprises

By End-User

  • Banking
  • Financial Services & Insurance (BFSI)
  • IT & Telecom
  • Education
  • Healthcare
  • Aerospace & Defense
  • Public Sector & Government Offices
  • Manufacturing
  • Media & Entertainment
  • Others (Energy & Utility, Construction & Real Estate, Logistics & Transportation)

Based on Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global IT Asset Disposition Market, (2022 – 2030) (USD Billion)
    • 2.2 Global IT Asset Disposition Market : snapshot
  • Chapter 3. Global IT Asset Disposition Market – Industry Analysis
    • 3.1 IT Asset Disposition Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The rising growth of the electronic sector drives the market growth
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By By Service
      • 3.7.2 Market attractiveness analysis By Asset Type
      • 3.7.3 Market attractiveness analysis By Organization Size
      • 3.7.4 Market attractiveness analysis By End-User
  • Chapter 4. Global IT Asset Disposition Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global IT Asset Disposition Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global IT Asset Disposition Market – By Service Analysis
    • 5.1 Global IT Asset Disposition Market overview: By By Service
      • 5.1.1 Global IT Asset Disposition Market share, By By Service, 2021 and 2030
    • 5.2 De-Manufacturing and Recycling
      • 5.2.1 Global IT Asset Disposition Market by De-Manufacturing and Recycling, 2022 – 2030 (USD Billion)
    • 5.3 Remarketing and Value Recovery
      • 5.3.1 Global IT Asset Disposition Market by Remarketing and Value Recovery, 2022 – 2030 (USD Billion)
    • 5.4 Data Destruction/Data Sanitation
      • 5.4.1 Global IT Asset Disposition Market by Data Destruction/Data Sanitation, 2022 – 2030 (USD Billion)
    • 5.5 Logistics Management and Reverse Logistics
      • 5.5.1 Global IT Asset Disposition Market by Logistics Management and Reverse Logistics, 2022 – 2030 (USD Billion)
    • 5.6 Other Services (On-site Audit solutions and Clients’ Online Portals)
      • 5.6.1 Global IT Asset Disposition Market by Other Services (On-site Audit solutions and Clients’ Online Portals), 2022 – 2030 (USD Billion)
  • Chapter 6. Global IT Asset Disposition Market – Asset Type Analysis
    • 6.1 Global IT Asset Disposition Market overview: By Asset Type
      • 6.1.1 Global IT Asset Disposition Market share, By Asset Type, 2021 and 2030
    • 6.2 Computers/Laptops
      • 6.2.1 Global IT Asset Disposition Market by Computers/Laptops, 2022 – 2030 (USD Billion)
    • 6.3 Servers
      • 6.3.1 Global IT Asset Disposition Market by Servers, 2022 – 2030 (USD Billion)
    • 6.4 Mobile Devices
      • 6.4.1 Global IT Asset Disposition Market by Mobile Devices, 2022 – 2030 (USD Billion)
    • 6.5 Storage Devices
      • 6.5.1 Global IT Asset Disposition Market by Storage Devices, 2022 – 2030 (USD Billion)
    • 6.6 Printers
      • 6.6.1 Global IT Asset Disposition Market by Printers, 2022 – 2030 (USD Billion)
    • 6.7 Peripherals
      • 6.7.1 Global IT Asset Disposition Market by Peripherals, 2022 – 2030 (USD Billion)
  • Chapter 7. Global IT Asset Disposition Market – Organization Size Analysis
    • 7.1 Global IT Asset Disposition Market overview: By Organization Size
      • 7.1.1 Global IT Asset Disposition Market share, By Organization Size, 2021 and 2030
    • 7.2 Small and Medium-sized Enterprises
      • 7.2.1 Global IT Asset Disposition Market by Small and Medium-sized Enterprises, 2022 – 2030 (USD Billion)
    • 7.3 Large Enterprises
      • 7.3.1 Global IT Asset Disposition Market by Large Enterprises, 2022 – 2030 (USD Billion)
  • Chapter 8. Global IT Asset Disposition Market – End-User Analysis
    • 8.1 Global IT Asset Disposition Market overview: By End-User
      • 8.1.1 Global IT Asset Disposition Market share, By End-User, 2021 and 2030
    • 8.2 Banking, Financial Services and Insurance (BFSI)
      • 8.2.1 Global IT Asset Disposition Market by Banking, Financial Services and Insurance (BFSI), 2022 – 2030 (USD Billion)
    • 8.3 IT and Telecom
      • 8.3.1 Global IT Asset Disposition Market by IT and Telecom, 2022 – 2030 (USD Billion)
    • 8.4 Education
      • 8.4.1 Global IT Asset Disposition Market by Education, 2022 – 2030 (USD Billion)
    • 8.5 Healthcare
      • 8.5.1 Global IT Asset Disposition Market by Healthcare, 2022 – 2030 (USD Billion)
    • 8.6 Aerospace and Defense
      • 8.6.1 Global IT Asset Disposition Market by Aerospace and Defense, 2022 – 2030 (USD Billion)
    • 8.7 Public Sector and Government Offices
      • 8.7.1 Global IT Asset Disposition Market by Public Sector and Government Offices, 2022 – 2030 (USD Billion)
    • 8.8 Manufacturing
      • 8.8.1 Global IT Asset Disposition Market by Manufacturing, 2022 – 2030 (USD Billion)
    • 8.9 Media and Entertainment
      • 8.9.1 Global IT Asset Disposition Market by Media and Entertainment, 2022 – 2030 (USD Billion)
    • 8.10 Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation)
      • 8.10.1 Global IT Asset Disposition Market by Others (Energy and Utility, Construction and Real Estate, Logistics and Transportation), 2022 – 2030 (USD Billion)
  • Chapter 9. IT Asset Disposition Industry – Regional Analysis
    • 9.1 Global IT Asset Disposition Industry Regional Overview
    • 9.2 Global IT Asset Disposition Industry Share, by Region, 2021 & 2030 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America IT Asset Disposition Industry, 2022 – 2030 (USD Billion)
        • 9.3.1.1 North America IT Asset Disposition Industry, by Country, 2022 – 2030 (USD Billion)
    • 9.4 North America IT Asset Disposition Industry, by By Service, 2022 – 2030
      • 9.4.1 North America IT Asset Disposition Industry, by By Service, 2022 – 2030 (USD Billion)
    • 9.5 North America IT Asset Disposition Industry, by Asset Type, 2022 – 2030
      • 9.5.1 North America IT Asset Disposition Industry, by Asset Type, 2022 – 2030 (USD Billion)
    • 9.6 North America IT Asset Disposition Industry, by Organization Size, 2022 – 2030
      • 9.6.1 North America IT Asset Disposition Industry, by Organization Size, 2022 – 2030 (USD Billion)
    • 9.7 North America IT Asset Disposition Industry, by End-User, 2022 – 2030
      • 9.7.1 North America IT Asset Disposition Industry, by End-User, 2022 – 2030 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe IT Asset Disposition Industry, 2022 – 2030 (USD Billion)
        • 9.8.1.1 Europe IT Asset Disposition Industry, by Country, 2022 – 2030 (USD Billion)
    • 9.9 Europe IT Asset Disposition Industry, by By Service, 2022 – 2030
      • 9.9.1 Europe IT Asset Disposition Industry, by By Service, 2022 – 2030 (USD Billion)
    • 9.10 Europe IT Asset Disposition Industry, by Asset Type, 2022 – 2030
      • 9.10.1 Europe IT Asset Disposition Industry, by Asset Type, 2022 – 2030 (USD Billion)
    • 9.11 Europe IT Asset Disposition Industry, by Organization Size, 2022 – 2030
      • 9.11.1 Europe IT Asset Disposition Industry, by Organization Size, 2022 – 2030 (USD Billion)
    • 9.12 Europe IT Asset Disposition Industry, by End-User, 2022 – 2030
      • 9.12.1 Europe IT Asset Disposition Industry, by End-User, 2022 – 2030 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific IT Asset Disposition Industry, 2022 – 2030 (USD Billion)
        • 9.13.1.1 Asia Pacific IT Asset Disposition Industry, by Country, 2022 – 2030 (USD Billion)
    • 9.14 Asia Pacific IT Asset Disposition Industry, by By Service, 2022 – 2030
      • 9.14.1 Asia Pacific IT Asset Disposition Industry, by By Service, 2022 – 2030 (USD Billion)
    • 9.15 Asia Pacific IT Asset Disposition Industry, by Asset Type, 2022 – 2030
      • 9.15.1 Asia Pacific IT Asset Disposition Industry, by Asset Type, 2022 – 2030 (USD Billion)
    • 9.16 Asia Pacific IT Asset Disposition Industry, by Organization Size, 2022 – 2030
      • 9.16.1 Asia Pacific IT Asset Disposition Industry, by Organization Size, 2022 – 2030 (USD Billion)
    • 9.17 Asia Pacific IT Asset Disposition Industry, by End-User, 2022 – 2030
      • 9.17.1 Asia Pacific IT Asset Disposition Industry, by End-User, 2022 – 2030 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America IT Asset Disposition Industry, 2022 – 2030 (USD Billion)
        • 9.18.1.1 Latin America IT Asset Disposition Industry, by Country, 2022 – 2030 (USD Billion)
    • 9.19 Latin America IT Asset Disposition Industry, by By Service, 2022 – 2030
      • 9.19.1 Latin America IT Asset Disposition Industry, by By Service, 2022 – 2030 (USD Billion)
    • 9.20 Latin America IT Asset Disposition Industry, by Asset Type, 2022 – 2030
      • 9.20.1 Latin America IT Asset Disposition Industry, by Asset Type, 2022 – 2030 (USD Billion)
    • 9.21 Latin America IT Asset Disposition Industry, by Organization Size, 2022 – 2030
      • 9.21.1 Latin America IT Asset Disposition Industry, by Organization Size, 2022 – 2030 (USD Billion)
    • 9.22 Latin America IT Asset Disposition Industry, by End-User, 2022 – 2030
      • 9.22.1 Latin America IT Asset Disposition Industry, by End-User, 2022 – 2030 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa IT Asset Disposition Industry, 2022 – 2030 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa IT Asset Disposition Industry, by Country, 2022 – 2030 (USD Billion)
    • 9.24 The Middle-East and Africa IT Asset Disposition Industry, by By Service, 2022 – 2030
      • 9.24.1 The Middle-East and Africa IT Asset Disposition Industry, by By Service, 2022 – 2030 (USD Billion)
    • 9.25 The Middle-East and Africa IT Asset Disposition Industry, by Asset Type, 2022 – 2030
      • 9.25.1 The Middle-East and Africa IT Asset Disposition Industry, by Asset Type, 2022 – 2030 (USD Billion)
    • 9.26 The Middle-East and Africa IT Asset Disposition Industry, by Organization Size, 2022 – 2030
      • 9.26.1 The Middle-East and Africa IT Asset Disposition Industry, by Organization Size, 2022 – 2030 (USD Billion)
    • 9.27 The Middle-East and Africa IT Asset Disposition Industry, by End-User, 2022 – 2030
      • 9.27.1 The Middle-East and Africa IT Asset Disposition Industry, by End-User, 2022 – 2030 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 DELL TECHNOLOGIES
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 STEPIT
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 IRON MOUNTAIN
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 TES
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 HEWLETT PACKARD ENTERPRISE
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 IBM
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 SIMS LIMITED
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 APTO SOLUTIONS
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 LIFESPAN INTERNATIONAL
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 TOTAL IT GLOBAL
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
List Of Figures

Figures No 1 to 40

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

IT asset disposition Market: Competitive Landscape

  • DELL TECHNOLOGIES
  • STEPIT
  • IRON MOUNTAIN
  • TES
  • HEWLETT PACKARD ENTERPRISE
  • IBM
  • SIMS LIMITED
  • APTO SOLUTIONS
  • LIFESPAN INTERNATIONAL
  • TOTAL IT GLOBAL
  • Others

FAQs

From 2022 to 2030, IT Asset Disposition sales are expected to flourish at a CAGR of 7.6%

As of 2021, the market for IT Asset Disposition was valued at US$ 14.2 Bn,

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