IT Asset Disposition (ITAD) Market size to grow by USD 7.46 billion from 2022 to 2027, Driven by the growing need for regulatory compliance - Technavio

NEW YORK, May 4, 2023 /PRNewswire/ --The IT asset disposition (ITAD) market size is forecast to increase by USD 7.46 billion from 2022 to 2027. The market is expected to progress at a CAGR of 6.84%, according to a recent market study by Technavio. The growth of the market will be driven by the growing implementation of regulatory compliances with regard to data security, the growing adoption of cloud computing and BYOD trend, and the growing demand for IoT devices. Download the Sample Report in minutes!

IT Asset Disposition (ITAD) Market - Vendor Analysis:

The global IT asset disposition (ITAD) market is fragmented, with the presence of several global and regional vendors. Vendors are focusing on organic growth strategies, such as product launches, product approvals, and others, including patents and events. Inorganic growth strategic activities witnessed in the global IT asset disposition (ITAD) market were acquisitions and partnerships and collaborations.

Technavio has extensively analyzed 15 major vendors, including 3 Step IT Group Oy, Apto Solutions Inc., Blancco Technology Plc, BRP Infotech Pvt. Ltd., CompuCom Systems Inc., DataSpan Inc., Dell Technologies Inc., EOL IT Services Ltd., Hewlett Packard Enterprise Co., Ingram Micro Inc., International Business Machines Corp., Iron Mountain Inc., LifeSpan International Inc., Ocean Enterprises LLC, Renewtech, Sims Lifecycle Services Inc., TBS Industries Inc., TES Singapore Pte Ltd., Total IT Global, and Xeptor BV

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Vendor Offerings -

• 3 Step IT Group Oy - The company offers IT asset disposition solutions for acquiring, managing, and refreshing IT devices.
• Apto Solutions Inc. - The company offers IT asset disposition solutions such as reverse logistics and decom services.
• BRP Infotech Pvt. Ltd. - The company offers IT asset disposition solutions for electronic waste management.

Charts & data tables about market and segment sizes for a historic period (2017-2021)
and forecast period (2023-2027) have been covered in this report. Download The Sample
Report

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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IT Asset Disposition (ITAD) Market - Market Segmentation:

This report extensively covers market segments by type (computers, mobile devices, and others), industry application (large organizations and small organizations), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth by the computers segment will be significant for overall market growth during the forecast period. ITAD is a process by which a company can get rid of unwanted computer equipment. Market vendors, such as Dell Technologies and IBM, extend their ITAD services to organizations to help them recycle equipments such as computers and laptops. The growing demand for computers and laptops, due to the rising adoption of multifunctional devices and the growing trend of BYOD, is expected to drive the demand for ITAD services during the forecast period. Hence, the demand for ITAD services will increase during the forecast period. 

IT Asset Disposition (ITAD) Market - Market Dynamics:

Key Drivers:

• The growing need for regulatory compliance with regard to data security standards is a major factor driving the global ITAD market growth. 
• Regulations governing data privacy altered how businesses, organizations, and governments can get rid of outdated technology.
• For instance, compliance with certain regulatory standards and legislation, such as the National Institute for Standards and Technology and the Health Insurance Portability and Accountability Act (HIPAA), requires companies to re-evaluate their procedures for the end-of-life management of their IT equipment.
• Hence, the growing need for IT companies to comply with regulations is expected to drive the growth of the market in focus during the forecast period.

Major Trends:

• The increasing number of strategic partnerships and acquisitions by vendors is an emerging trend that will fuel the global ITAD market growth. 
• Companies in the industry implement tactics including partnerships and mergers and acquisitions to increase their global footprint and obtain a competitive edge.
• For instance, in November 2021 IBM purchased SXiQ, an Australian provider of digital transformation services with a focus on cloud platforms, applications, and cybersecurity.
• Similarly, in August 2020, CompuCom Systems partnered with Office Depot to provide a suite of IT hardware and service offerings to small and mid-sized businesses to support their remote workplace operations in the US.
• Hence, the increase in the number of strategic partnerships will drive the market vendors during the forecast period.

Key Challenges:

• The low awareness of ITAD is a major challenge impeding the global ITAD market growth. 
• As an IT asset reaches the end of its lifecycle, it must be properly disposed of utilizing the right protocols and procedures. But to avoid paying for the proper asset disposal, many consumers and businesses improperly dispose of their used IT assets. 
• However, corporations may allow third-party service providers. This might lack visibility into the chain of command as well as accountability, to take care of this responsibility by giving away their assets to them.
• Hence, such factors may limit the demand for ITAD services, which will hinder the growth of the market during the forecast period.

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What are the key data covered in this IT Asset Disposition (ITAD) Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the IT Asset Disposition (ITAD) market between 2023 and 2027
• Precise estimation of the size of the IT Asset Disposition (ITAD) market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the IT Asset Disposition (ITAD) market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of IT Asset Disposition (ITAD) market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Industry Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global IT asset disposition (ITAD) market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global IT asset disposition (ITAD) market 2017 - 2021 ($ billion)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.3 Industry application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Industry application Segment 2017 - 2021 ($ billion)

• 4.4 Region Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Region Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Historic Market Size

• 5.1 Global IT asset disposition (ITAD) market 2022 - 2027 
• Exhibit 23: Historic Market Size (value) – Data Table on Global IT asset disposition (ITAD) market 2022 - 2027 ($ billion)
• Exhibit 24: Historic Market Size (volume) – Data Table on Global IT asset disposition (ITAD) market 2022 - 2027 ($ billion)

• 5.2 Global IT asset disposition (ITAD) market by Segment – Historic Analysis 2022 - 2027
• Exhibit 25: Historic Market Size (value) - Data Table on Global IT asset disposition (ITAD) market Segment 2022 - 2027 ($ billion)

6 Five Forces Analysis

• 6.1 Five forces summary
• Exhibit 26: Five forces analysis - Comparison between 2022 and 2027

• 6.2 Bargaining power of buyers 
• Exhibit 27: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 6.3 Bargaining power of suppliers 
• Exhibit 28: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 6.4 Threat of new entrants 
• Exhibit 29: Threat of new entrants – Impact of key factors in 2022 and 2027

• 6.5 Threat of substitutes 
• Exhibit 30: Threat of substitutes – Impact of key factors in 2022 and 2027

• 6.6 Threat of rivalry
• Exhibit 31: Threat of rivalry – Impact of key factors in 2022 and 2027

• 6.7 Market condition
• Exhibit 32: Chart on Market condition - Five forces 2022 and 2027

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 33: Chart on Type - Market share 2022-2027 (%)
• Exhibit 34: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 35: Chart on Comparison by Type
• Exhibit 36: Data Table on Comparison by Type

• 7.3 Computers - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Computers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Computers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Computers - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Computers - Year-over-year growth 2022-2027 (%)

• 7.4 Mobile devices - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Mobile devices - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Mobile devices - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Mobile devices - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Mobile devices - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027 
• Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 49: Market opportunity by Type ($ billion)
• Exhibit 50: Data Table on Market opportunity by Type ($ billion)

8 Market Segmentation by Industry Application

• 8.1 Market segments
• Exhibit 51: Chart on Industry Application - Market share 2022-2027 (%)
• Exhibit 52: Data Table on Industry Application - Market share 2022-2027 (%)

• 8.2 Comparison by Industry Application 
• Exhibit 53: Chart on Comparison by Industry Application
• Exhibit 54: Data Table on Comparison by Industry Application

• 8.3 Large organizations - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Large organizations - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Large organizations - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Large organizations - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Large organizations - Year-over-year growth 2022-2027 (%)

• 8.4 Small organizations - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Small organizations - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Small organizations - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Small organizations - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Small organizations - Year-over-year growth 2022-2027 (%)

• 8.5 Market opportunity by Industry Application 
• Exhibit 63: Market opportunity by Industry Application ($ billion)
• Exhibit 64: Data Table on Market opportunity by Industry Application ($ billion)

9 Customer Landscape

• 9.1 Customer landscape overview 
• Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Geographic Landscape

• 10.1 Geographic segmentation 
• Exhibit 66: Chart on Market share by geography 2022-2027 (%)
• Exhibit 67: Data Table on Market share by geography 2022-2027 (%)

• 10.2 Geographic comparison 
• Exhibit 68: Chart on Geographic comparison
• Exhibit 69: Data Table on Geographic comparison

• 10.3 North America - Market size and forecast 2022-2027 
• Exhibit 70: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 10.4 Europe - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 10.5 APAC - Market size and forecast 2022-2027 
• Exhibit 78: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 10.6 South America - Market size and forecast 2022-2027 
• Exhibit 82: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 10.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 86: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 10.8 US - Market size and forecast 2022-2027 
• Exhibit 90: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on US - Year-over-year growth 2022-2027 (%)

• 10.9 China - Market size and forecast 2022-2027 
• Exhibit 94: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 97: Data Table on China - Year-over-year growth 2022-2027 (%)

• 10.10 Germany - Market size and forecast 2022-2027 
• Exhibit 98: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 101: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 10.11 UK - Market size and forecast 2022-2027 
• Exhibit 102: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 105: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 10.12 India - Market size and forecast 2022-2027 
• Exhibit 106: Chart on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Data Table on India - Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 109: Data Table on India - Year-over-year growth 2022-2027 (%)

• 10.13 Market opportunity by geography 
• Exhibit 110: Market opportunity by geography ($ billion)
• Exhibit 111: Data Tables on Market opportunity by geography ($ billion)

11 Drivers, Challenges, and Trends

• 11.1 Market drivers

• 11.2 Market challenges

• 11.3 Impact of drivers and challenges 
• Exhibit 112: Impact of drivers and challenges in 2022 and 2027

• 11.4 Market trends

12 Vendor Landscape

• 12.1 Overview

• 12.2 Vendor landscape
• Exhibit 113: Overview on Criticality of inputs and Factors of differentiation

• 12.3 Landscape disruption
• Exhibit 114: Overview on factors of disruption

• 12.4 Industry risks
• Exhibit 115: Impact of key risks on business

13 Vendor Analysis

• 13.1 Vendors covered
• Exhibit 116: Vendors covered

• 13.2 Market positioning of vendors 
• Exhibit 117: Matrix on vendor position and classification

• 13.3 3 Step IT Group Oy
• Exhibit 118: 3 Step IT Group Oy - Overview
• Exhibit 119: 3 Step IT Group Oy - Product / Service
• Exhibit 120: 3 Step IT Group Oy - Key offerings

• 13.4 Apto Solutions Inc.
• Exhibit 121: Apto Solutions Inc. - Overview
• Exhibit 122: Apto Solutions Inc. - Product / Service
• Exhibit 123: Apto Solutions Inc. - Key offerings

• 13.5 BRP Infotech Pvt. Ltd. 
• Exhibit 124: BRP Infotech Pvt. Ltd. - Overview
• Exhibit 125: BRP Infotech Pvt. Ltd. - Product / Service
• Exhibit 126: BRP Infotech Pvt. Ltd. - Key offerings

• 13.6 CompuCom Systems Inc. 
• Exhibit 127: CompuCom Systems Inc. - Overview
• Exhibit 128: CompuCom Systems Inc. - Product / Service
• Exhibit 129: CompuCom Systems Inc. - Key offerings

• 13.7 DataSpan Inc.
• Exhibit 130: DataSpan Inc. - Overview
• Exhibit 131: DataSpan Inc. - Product / Service
• Exhibit 132: DataSpan Inc. - Key offerings

• 13.8 Dell Technologies Inc. 
• Exhibit 133: Dell Technologies Inc. - Overview
• Exhibit 134: Dell Technologies Inc. - Business segments
• Exhibit 135: Dell Technologies Inc. - Key news
• Exhibit 136: Dell Technologies Inc. - Key offerings
• Exhibit 137: Dell Technologies Inc. - Segment focus

• 13.9 Hewlett Packard Enterprise Co. 
• Exhibit 138: Hewlett Packard Enterprise Co. - Overview
• Exhibit 139: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 140: Hewlett Packard Enterprise Co. - Key news
• Exhibit 141: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 142: Hewlett Packard Enterprise Co. - Segment focus

• 13.10 International Business Machines Corp. 
• Exhibit 143: International Business Machines Corp. - Overview
• Exhibit 144: International Business Machines Corp. - Business segments
• Exhibit 145: International Business Machines Corp. - Key offerings
• Exhibit 146: International Business Machines Corp. - Segment focus

• 13.11 Iron Mountain Inc.
• Exhibit 147: Iron Mountain Inc. - Overview
• Exhibit 148: Iron Mountain Inc. - Business segments
• Exhibit 149: Iron Mountain Inc. - Key offerings
• Exhibit 150: Iron Mountain Inc. - Segment focus

• 13.12 LifeSpan International Inc. 
• Exhibit 151: LifeSpan International Inc. - Overview
• Exhibit 152: LifeSpan International Inc. - Product / Service
• Exhibit 153: LifeSpan International Inc. - Key offerings

• 13.13 Ocean Enterprises LLC 
• Exhibit 154: Ocean Enterprises LLC - Overview
• Exhibit 155: Ocean Enterprises LLC - Product / Service
• Exhibit 156: Ocean Enterprises LLC - Key offerings

• 13.14 Sims Lifecycle Services Inc. 
• Exhibit 157: Sims Lifecycle Services Inc. - Overview
• Exhibit 158: Sims Lifecycle Services Inc. - Product / Service
• Exhibit 159: Sims Lifecycle Services Inc. - Key offerings

• 13.15 TBS Industries Inc.
• Exhibit 160: TBS Industries Inc. - Overview
• Exhibit 161: TBS Industries Inc. - Product / Service
• Exhibit 162: TBS Industries Inc. - Key offerings

• 13.16 TES Singapore Pte Ltd. 
• Exhibit 163: TES Singapore Pte Ltd. - Overview
• Exhibit 164: TES Singapore Pte Ltd. - Product / Service
• Exhibit 165: TES Singapore Pte Ltd. - Key offerings

• 13.17 Total IT Global
• Exhibit 166: Total IT Global - Overview
• Exhibit 167: Total IT Global - Product / Service
• Exhibit 168: Total IT Global - Key offerings

14 Appendix

• 14.1 Scope of the report

• 14.2 Inclusions and exclusions checklist 
• Exhibit 169: Inclusions checklist
• Exhibit 170: Exclusions checklist

• 14.3 Currency conversion rates for US$ 
• Exhibit 171: Currency conversion rates for US$

• 14.4 Research methodology
• Exhibit 172: Research methodology
• Exhibit 173: Validation techniques employed for market sizing
• Exhibit 174: Information sources

• 14.5 List of abbreviations 
• Exhibit 175: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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