IT Asset Disposition (ITAD) Market Size - By Asset Type, By Services (Data Destruction, Reverse Logistics, Remarketing, Value Recovery, De-Manufacturing, Recycling, Logistics Management), By Enterprise size, By Industry Vertical & Forecast, 2024 – 2032

IT Asset Disposition Market Size

IT Asset Disposition Market size was valued at USD 15.4 billion in 2023 and is expected to grow at over 8% CAGR between 2024 and 2032, owing to the growing presence of stringent regulations regarding the disposal and recycling of electronic waste (e-waste). For instance, organizations must comply with laws such as the WEEE Directive in Europe and the E-Waste (Management) Amendment Rules, 2018 in India.
 

According to E-Waste Amendment Rules in India, all organizations should forward 70% of their generated e-waste to the recycling or dismantling centre. In case an organization is unable to meet the above requirements, it should stop manufacturing electronic items and it can start manufacturing again only after the conditions are met.
 

Moreover, data breaches are becoming more common and costly, which has increased the demand for ITAD services the need to protect sensitive information and avoid legal repercussions. According to the 17^th annual Data Breach Investigations Report (DBIR) 2024, published by Verizon Business, the company analysed over 8,300 security incidents in EMEA, of which over 70% are confirmed breaches.
 

ITAD services offer expertise in secure data destruction, ensuring that sensitive information is completely wiped from retired IT assets. Furthermore, laws including the GDPR in Europe and the CCPA in California mandate secure data destruction practices, ensuring sensitive information is not compromised during asset disposition. This further contributes to the growth of the market.
 

Inadequate resources for recycling can significantly impact the effectiveness and efficiency of IT asset disposition (ITAD) market.  In developing countries, there is a lack of advanced recycling facilities capable of processing various types of electronic waste (e-waste). This limits the ability to recycle components and materials effectively. Furthermore, existing recycling facilities may use outdated technology that is less efficient in recovering valuable materials and may not meet modern environmental standards. Investments in specialized recycling facilities and raising awareness about responsible e-waste management is required to address these challenges.
 

IT Asset Disposition Market Trends

The growing advancements in technology including the rise of cloud computing and the Internet of Things (IoT) are significantly affecting IT asset disposition. IoT devices and Cloud-based solutions need specialized disposition processes to ensure data security and proper asset management. This has created a need for businesses to stay updated about merging technologies and choose their ITAD strategies accordingly. Furthermore, the growing focus on sustainability and circular economy principles is driving the development of environmentally friendly IT asset disposition practices. Incorporating sustainability into ITAD strategies helps organizations minimize their environmental footprint while optimizing asset value recovery.
 

The establishment of ITAD facilities, providing specialized infrastructure to handle the complex process of retiring and disposing of IT assets is driving a significant growth of the ITAD market. For instance, in August 2023, TES, a company specializing in IT lifecycle solutions, announced its plan to construct a fresh IT Asset Disposition (ITAD) 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.
 

IT Asset Disposition Market Analysis

Based on enterprise size, the market is segmented into large enterprises and SME. The large enterprises segment held over 65% of the market share in 2023 and is expected to cross USD 20 billion by 2032. 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, rapid technological advancements necessitate regular updates and disposals of obsolete IT assets. Further, large enterprises need to stay current with ITAD strategies that accommodate new technologies and evolving asset types.
 

Based on asset type, the market is segmented into computers/laptops, smartphones & tablets, peripherals, storage, and servers, and others. The computer/laptops segment held a market share of 31% in 2023. The rising trend of remote work and the increasing emphasis on mobility has significantly influenced the demand for laptops and portable devices in the market.
 

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. Furthermore, organizations frequently upgrade their computer systems to leverage the latest technology, leading to increased volumes of retired assets requiring disposition. Outdated computers become incompatible with new software and systems, driving the need for timely disposal and replacement.
 

North America holds around 34% of the IT asset disposition market share in 2023, attributed to the presence of robust environmental regulations that mandate proper recycling and disposal of electronic waste. Companies are seeking ITAD services to comply with these regulations, avoid fines, and contribute to sustainability efforts. For instance, eWaste Direct provides services that adhere to certified recycling standards, such as Responsible Recycling (R2) and e-Stewards, ensuring that electronic waste is processed in an environment-friendly manner.
 

The rapid pace of technological innovations in the U.S. leads to frequent upgrades and disposals of IT assets. These drives demand for efficient ITAD services to manage obsolete technology. Furthermore, the growing adoption of technologies, such as cloud computing and IoT devices, requires specialized disposal processes, increasing the need for advanced ITAD solutions in the country.
 

The digital transformation of businesses and the expansion of the digital economy in Europe contribute to the growth of the ITAD market. As companies invest in new technologies and expand their digital infrastructure, the volume of IT assets requiring disposition increases. This expansion generates a higher demand for ITAD services capable of handling large quantities of end-of-life equipment securely and efficiently.
 

IT Asset Disposition Market Share

IBM Corporation and Dell Inc. hold a significant market share of over 10% in the IT asset disposition industry in 2023.  IBM offers end-to-end IT asset disposition services, including data destruction, asset recovery, and environmentally responsible recycling. This approach appeals to large enterprises needing a one-stop solution for IT asset management. Furthermore, the company focuses on secure data destruction, adhering to rigorous data protection standards to meet the rising concerns about data security and compliance. 
 

Dell offers a Reconnect program that encourages consumers to recycle their old electronics responsibly. This initiative supports Dell’s commitment to sustainability and helps drive its ITAD efforts. Also, the company focuses on closed-loop recycling to recover valuable materials from old IT assets and reuse them in new products, aligning with circular economy principles.
 

IT Asset Disposition Market Companies

Major companies operating in the IT asset disposition industry are:

• Apto Solutions
• Dell Inc.
• DMD Systems Recovery Inc.
• Exit Technologies
• Hewlett Packard Enterprise (HPE)
• IBM Corporation
• Iron Mountain Incorporated
• Sims Recycling Ltd.
• Technimove
• TES-AMM (Singapore) Pte Ltd
   

IT Asset Disposition Industry News

• In February 2024, Quantum Lifecycle Partners LP expanded its operations by opening a new IT Asset Disposition (ITAD) facility in Edmonton, Alberta. This facility, which commenced operations on February 1, 2024, is located at 8604, 53 Ave NW, Edmonton, and spans 7,800 square feet. It marks Quantum's sixth ITAD facility in Canada and the second in Alberta, complementing their existing e-waste recycling facility in the city.
   
• In January 2024, Iron Mountain acquired Regency Technologies, a leading provider of IT asset disposition (ITAD) services in the United States. Building on Iron Mountain's extensive logistics network, which already provides customers with leading information security in IT Asset Lifecycle Management (ALM), the combined platform establishes a market leader in IT asset disposition customer solutions. This will result in enhanced environmental sustainability and increased value recovery at the end of the IT asset lifecycle.
   

The IT asset disposition (ITAD) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Asset Type

• Computers/Laptops
• Smartphones and Tablets
• Peripherals
• Storages
• Servers
• Others

Market, By Enterprise Size

• SME
• Large enterprises

Market, By Services

• Reverse logistics
• Data destruction
• Remarketing
• Value recovery
• De-manufacturing
• Recycling
• Logistics management
• Others

Market, By Industry Vertical

• BFSI
• Healthcare
• IT & Telecommunication
• Government
• Energy & Utilities
• Media & Entertainment
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Nordics
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Southeast Asia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America 
• MEA
  • South Africa
  • UAE
  • Saudi Arabia
  • Rest of MEA