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IT Asset Disposition (ITAD) Market Trends

Report ID: GMI6549
Published Date: Aug 2023
Report Format: PDF

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IT Asset Disposition (ITAD) Market Trends

The establishment of ITAD facilities, providing specialized infrastructure to handle the complex process of retiring and disposing of IT assets is driving a significant market growth. For instance, in August 2023, TES, a company specializing in IT lifecycle solutions, announced its plan to construct a fresh IT Asset Disposition facility in Virginia, U.S. Encompassing an expansive area of 128,000 square feet (11,900 square meters), the facility's sole focus will be on the processing of ITAD data center assets. These initiatives promote the proper handling of electronic waste, enhance data security, and support businesses in adhering to regulatory requirements, fostering market expansion.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of IT asset disposition (ITAD) reached USD 14.5 billion in 2022 and is set to grow at over 8% CAGR from 2023 to 2032, due to the stringent enforcement of data protection regulations worldwide.

The large enterprises segment recorded more than 65% of the market share in 2022, owing to the greater focus on corporate social responsibility and sustainability.

North America held over 34% of the market share in 2022, driven by the increasing number of facilities offering specialized infrastructure to manage the intricate process of retiring IT assets in the region.

IBM Corporation, Iron Mountain Incorporated, Exit Technologies, Sims Recycling Ltd., Technimove, Dell Inc., Hewlett Packard Enterprise Development LP, Arrow Electronics, and TES-AMM Pte Ltd. are some of the major ITAD companies worldwide.