11-August-2022

Created by: MarketsandMarkets

IT Asset Disposition Market

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IT Asset Disposition MARKET

Rising Factors such shift toward energy-efficient products and consolidation of the BYOD trend are fuelling the market growth for IT asset disposition.

IT Asset Disposition Market worth $23.5 billion by 2027
The report "IT Asset Disposition Market by Service Type, Asset Type (Computers/Laptops, Servers, Mobile Devices, Storage Devices, Peripherals), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), End User and Region - Global forecast to 2027" The global IT Asset Disposition Market size is projected to grow from USD 15.5 billion in 2022 to USD 23.5 billion by 2027; it is expected to grow at a CAGR of 8.7% from 2022 to 2027.
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Quantitative And Qualitative Analysis

By Service:
- De-Manufacturing and Recycling
- Remarketing and Value Recovery
- Data Destruction/Data Sanitation
- Logistics Management and Reverse Logistics
End-User:
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecom
- Education
- Healthcare
By Asset type:
- Computers/Laptops
- Servers
- Mobile Devices
- Storage Devices

By 2027, Asia Pacific region to witness the highest growth during the forecast period

The IT asset disposition market in the Asia Pacific is expected to grow at the highest rate during the forecast period because of the formulation of regulatory policies for the proper disposal of IT assets and to safeguard the environment from the hazardous components of retired IT assets by restricting them from being disposed off in landfills.

MAJOR Key Players

• Dell Technologies (US), • Hewlett Packard Enterprise (US), • IBM (US), • Sims Limited (Australia), • Iron Mountain (US) & many more.
In May 2022, Mo-Sys Engineering Ltd. announced the launch of new Virtual Manufacturing courses to meet the rising need for educated technicians in the virtual production industry. This enhanced and comprehensive program has been meticulously crafted and is expected to be taught by the Mo-Sys' Academy.

In April 2022, HTC VIVE launched its first turnkey virtual production product, VIVE Mars CamTrack. It makes virtual production fast, easy and affordable by consolidating the entire camera tracking workflow into a compact, plug-and-play module with professional-grade features. VIVE Mars CamTrack lets actors jump into any number of virtual backdrops in real-time during production, in many cases eliminating the need to shoot onsite and empowering filmmakers to unleash their full creative potential.

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How top 50 companies in IT Asset Disposition Market is making rapid shifts in their strategies

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IT Asset Disposition Market