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IT Asset Disposition Market: By Asset Type, By Service, By Industry Vertical, and Geography
IT Asset Disposition Market: By Asset Type, By Service, By Industry Vertical, and Geography
IT Asset Disposition (ITAD) Market Size was valued at around US$ 17.1 billion by 2023 and is estimated to expand at significant CAGR of 8.7% from 2024-2030. due to the development of technology in the IT industry and online markets. One of the factors driving the market's expansion is the rising adoption of electronic devices including computers and laptops, office furniture, and portable gadgets.
However, rising hacking and cybercrime activity, a lack of knowledge, and high service costs could restrain the expansion of the ITAD market over the course of the projection period. A number of industries, including aerospace & defence, energy & power, BFSI, telecom & IT, media & entertainment, automotive, and others, are seeing an increase in demand for ITAD. The demand for electronic devices is rising across all industries as a result of the rise of IT-related businesses like Google, Facebook, Microsoft, and others as well as new start-ups like Uber, Amazon, Redbus, etc. This report studies ITAD market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
In addition, the market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global ITAD market to better equip clients with possible investment opportunities across the regions (regional investment hot-spots) and market unmet needs (product opportunities).
Study Period
2024-2030Base Year
2023CAGR
8.7%Largest Market
Asia-PacificFastest Growing Market
North America
Improving adoption of electronic devices such as computer/laptops, office equipment, and handheld devices are some of the factors responsible for the growth of the market. But, increasing hacking & cybercrime activity and lack of awareness & service cost may hamper the growth of themarket during forecast period.Increase in demand of ITAD in number of industries such as aerospace & defense, energy and power, BFSI, telecom & it, media & entertainment, automotive, and others. Increasing expansion of IT related industries such as Google, Facebook, Microsoft and others and new start-ups also based on IT sectors like Uber, Amazons, Redbus, etc., so the demand of electronic devices also increasing in the every industries.
Geographically, global ITAD market is segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has estimated to dominate in the revenue share since American and Canadian industries have made greater technological advancements.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 17.1 billion |
|
Market CAGR |
8.7% |
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By Asset Type |
|
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By Service |
|
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By Industry Vertical |
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The global itad market size was valued at US$ 17.1 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024-2030.
Hewlett Packard Enterprise, IBM, Dell Inc., Sims Lifecycle Services, Inc., DXC Technology, Iron Mountain Incorporated
North America is the fastest-growing region for ITAD Market
| 1. Executive Summary |
| 2. Global ITAD Market Introduction |
| 2.1. Global ITAD Market - Taxonomy |
| 2.2. Global ITAD Market -Definitions |
| 2.2.1. By Asset Type |
| 2.2.2. By Service |
| 2.2.3. By Industry Vertical |
| 2.2.4. By Region |
| 3. Global ITAD Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global ITAD Market Dynamic Factors - Impact Analysis |
| 3.6. Global ITAD Market - Competition Landscape |
| 4. Global ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global ITAD Market, By Asset Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Computer |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Laptops |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Servers |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Storage Devices |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Peripherals |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global ITAD Market, By Service, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Data Destruction |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Recycling |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Reverse Logistics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Remarketing & Value Recovery |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Logistics Management |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global ITAD Market, By Industry Vertical, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Aerospace & Defense |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Energy &Power |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. BFSI |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Telecom & IT |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Media & Entertainment |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Automotive |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global ITAD Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global ITAD Market - Opportunity Analysis Index By Asset Type, Service, Industry Vertical, and Region, 2024 - 2030 |
| 9. North America ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Asset Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Computer |
| 9.1.2. Laptops |
| 9.1.3. Servers |
| 9.1.4. Storage Devices |
| 9.1.5. Peripherals |
| 9.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Data Destruction |
| 9.2.2. Recycling |
| 9.2.3. Reverse Logistics |
| 9.2.4. Remarketing & Value Recovery |
| 9.2.5. Logistics Management |
| 9.2.6. Others |
| 9.3. Industry Vertical Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Aerospace & Defense |
| 9.3.2. Energy &Power |
| 9.3.3. BFSI |
| 9.3.4. Telecom & IT |
| 9.3.5. Media & Entertainment |
| 9.3.6. Automotive |
| 9.3.7. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. U.S. |
| 9.4.2. Canada |
| 9.5. North America ITAD Market - Opportunity Analysis Index By Asset Type, Service, Industry Vertical, and Country, 2024 - 2030 |
| 9.6. North America ITAD Market Dynamics - Trends |
| 10. Europe ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Asset Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Computer |
| 10.1.2. Laptops |
| 10.1.3. Servers |
| 10.1.4. Storage Devices |
| 10.1.5. Peripherals |
| 10.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Data Destruction |
| 10.2.2. Recycling |
| 10.2.3. Reverse Logistics |
| 10.2.4. Remarketing & Value Recovery |
| 10.2.5. Logistics Management |
| 10.2.6. Others |
| 10.3. Industry Vertical Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Aerospace & Defense |
| 10.3.2. Energy &Power |
| 10.3.3. BFSI |
| 10.3.4. Telecom & IT |
| 10.3.5. Media & Entertainment |
| 10.3.6. Automotive |
| 10.3.7. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe ITAD Market - Opportunity Analysis Index, By Asset Type, Industry Vertical, and Country, 2024 - 2030 |
| 10.6. Europe ITAD Market Dynamics - Trends |
| 11. Asia Pacific ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn |
| 11.1. Asset Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Computer |
| 11.1.2. Laptops |
| 11.1.3. Servers |
| 11.1.4. Storage Devices |
| 11.1.5. Peripherals |
| 11.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Data Destruction |
| 11.2.2. Recycling |
| 11.2.3. Reverse Logistics |
| 11.2.4. Remarketing & Value Recovery |
| 11.2.5. Logistics Management |
| 11.2.6. Others |
| 11.3. Industry Vertical Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Aerospace & Defense |
| 11.3.2. Energy &Power |
| 11.3.3. BFSI |
| 11.3.4. Telecom & IT |
| 11.3.5. Media & Entertainment |
| 11.3.6. Automotive |
| 11.3.7. Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific ITAD Market - Opportunity Analysis Index, By Asset Type, Industry Vertical, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific ITAD Market Dynamics - Trends |
| 12. Latin America ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn |
| 12.1. Asset Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Computer |
| 12.1.2. Laptops |
| 12.1.3. Servers |
| 12.1.4. Storage Devices |
| 12.1.5. Peripherals |
| 12.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Data Destruction |
| 12.2.2. Recycling |
| 12.2.3. Reverse Logistics |
| 12.2.4. Remarketing & Value Recovery |
| 12.2.5. Logistics Management |
| 12.2.6. Others |
| 12.3. Industry Vertical Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Aerospace & Defense |
| 12.3.2. Energy &Power |
| 12.3.3. BFSI |
| 12.3.4. Telecom & IT |
| 12.3.5. Media & Entertainment |
| 12.3.6. Automotive |
| 12.3.7. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America ITAD Market - Opportunity Analysis Index, By Type, Industry Vertical, and Country, 2024 - 2030 |
| 12.6. Latin America ITAD Market Dynamics - Trends |
| 13. Middle East and Africa ITAD Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Asset Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Computer |
| 13.1.2. Laptops |
| 13.1.3. Servers |
| 13.1.4. Storage Devices |
| 13.1.5. Peripherals |
| 13.2. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Data Destruction |
| 13.2.2. Recycling |
| 13.2.3. Reverse Logistics |
| 13.2.4. Remarketing & Value Recovery |
| 13.2.5. Logistics Management |
| 13.2.6. Others |
| 13.3. Industry Vertical Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Aerospace & Defense |
| 13.3.2. Energy &Power |
| 13.3.3. BFSI |
| 13.3.4. Telecom & IT |
| 13.3.5. Media & Entertainment |
| 13.3.6. Automotive |
| 13.3.7. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA ITAD Market - Opportunity Analysis Index, By Asset Type, Service, Industry Vertical, and Country, 2024 - 2030 |
| 13.6. MEA ITAD Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Produce & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Hewlett Packard Enterprise |
| 14.2.2. IBM |
| 14.2.3. Dell Inc. |
| 14.2.4. Sims Lifecycle Services, Inc. |
| 14.2.5. DXC Technology |
| 14.2.6. Iron Mountain Incorporated |
| 14.2.7. Apto Solutions Inc. |
| 14.2.8. ITRenew Inc. |
| 14.2.9. TES (Singapore) Pte Ltd. |
| 14.2.10. LifeSpan International Inc. |
| 14.2.11. Arrow Electronics |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.