IT Asset Disposition (ITAD) Market Analysis

IT Asset Disposition (ITAD) Market Analysis

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The large enterprises segment held over 65% of the IT asset disposition market share in 2022. The extensive IT infrastructure of large enterprises generates a higher volume of retired assets, creating a need for efficient disposition solutions. It often possesses the resources to implement comprehensive ITAD processes, ensuring data security, regulatory compliance, and environmentally responsible practices. Moreover, large enterprises typically have a greater focus on corporate social responsibility and sustainability, which align with the ethical disposal & recycling practices emphasized in the market.
 

The computer/laptops segment accounted for 25% of the IT asset disposition market share in 2022, due to the rising trend of remote work and the increasing emphasis on mobility. As organizations transition to more flexible work arrangements, laptops have become essential tools for employees to maintain productivity from various locations. This shift is amplifying the rate of laptop adoption and turnover. Consequently, the retirement and proper disposition of laptops have gained prominence, necessitating effective ITAD strategies to ensure data security, regulatory compliance, and environmental responsibility.
 

The North America IT asset disposition market recorded more than 34% of revenue share in 2022, attributed to the increasing number of ITAD facilities in the region. These facilities offer specialized infrastructure to manage the intricate process of retiring IT assets. For instance, in March 2023, TES, an international company dealing with environmentally conscious ITAD & IT lifecycle management solutions, inaugurated its new 40,000-square-foot establishment in Las Vegas, U.S. This expansion bolstered the company’s processing capabilities and enabled it to provide an exhaustive range of ITAD services to cater to the needs of tech enterprises situated on the Western Coast.