The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The IT asset disposition market has witnessed robust growth in recent years, driven by various factors such as asset value recovery, emerging market demand, and the turnover of consumer electronics. As we delve into the trends and forecasts, it becomes evident that the market is poised for even greater expansion.

Explosive Growth: Market Overview

• The IT asset disposition market size surged from $17.94 billion in 2023 to $19.58 billion in 2024, with a notable compound annual growth rate (CAGR) of 9.1%.
• Forecasts predict further growth, reaching $28.36 billion by 2028, boasting a CAGR of 9.7%.

Factors Driving Growth

1. Growing Usage of Electronic Devices Propels IT Asset Disposition Market

• The surge in electronic device usage, exacerbated by the COVID-19 pandemic, is a significant driver.
• Increased telecommuting for business, education, and recreation has heightened demand for electronic equipment.
• LG’s record-breaking sales in 2022 exemplify the escalating adoption of electronic devices.

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Market Players and Innovations

2. Green IT Practices Drive Innovation in IT Asset Disposition Market

• Leading companies are leveraging innovative tools like real-time environmental impact reporting to gain a competitive edge.
• Apto Solutions’ Environmental Impact Reporting Tool sets a precedent, offering crucial emissions information for ESG reporting.

3. Iron Mountain Strengthens IT Asset Management with Acquisition of ITRENEW

• Iron Mountain’s acquisition of ITRENEW enhances its global IT asset lifecycle management business.
• This strategic move reinforces Iron Mountain’s capacity to cater to diverse segments, from corporate end-users to hyper-scale data centers.

Market Segmentation

The IT asset disposition market encompasses various segments, including:

1. Service: De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction or Data Sanitation, Logistics Management and Reverse Logistics, Other Services
2. Asset Type: Computers or Laptops, Servers, Mobile Devices, Storage Devices, Peripherals
3. Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
4. End-User: BFSI, IT and Telecom, Education, Healthcare, Aerospace and Defense, Public Sector and Government Offices, Manufacturing, Media and Entertainment, Other End Users

Regional Insights

• Asia-Pacific emerged as the largest region in the IT asset disposition market in 2023, signaling the region’s pivotal role in shaping market dynamics.

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The IT Asset Disposition Global Market Report 2024  provides an overview of the IT asset disposition market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The IT asset disposition market forecast analyzes IT asset disposition market size, IT asset disposition market share, leading competitor and their market positions.

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