IT Asset Disposition Market

The IT asset disposition market is valued at USD 18.4 billion in 2024 and is anticipated to be USD 26.6 billion by 2029, growing at a CAGR of 7.6% from 2024 to 2029. Factors such as the adoption of circular economy principles into IT asset management strategies, and need to comply with regulatory compliances meant for environment safety are expected to drive market growth during the forecast period. As companies become more cognizant of environmental impact and resource conservation, there is a growing emphasis on incorporating circular economy principles into their IT asset management strategies.

Key players in the IT asset disposition market include Dell Inc. (US); IBM (US); Hewlett Packard Enterprise Development LP (US); Iron Mountain, Inc. (US); Sims Limited (Australia); 3stepIT (Finland); TES (Singapore); Apto Solutions Inc. (US); LifeSpan International Inc. (US); Total IT Global (UK); Flex IT Distribution (Netherlands); Ingram Micro (US); CSI Leasing, Inc. (US); Inrego AB (Sweden);Tier1 (UK); Atea (Norway); OceanTech (US); Blancco Technology Group (US); Renewtech (Netherlands); BRP Infotech Pvt. Ltd.(India); CHG-MERIDIAN (Germany); Park Place Technologies (US); TBS Industries Inc. (US); ReluTech (US);and Prolimax (Netherlands)

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These companies have employed a variety of growth approaches, such as service launches and development, collaborations, and acquisitions, to compete in the IT asset disposition market. Partnerships have been the key strategy of players from 2020 to 2023 for expanding their customer base and strengthening their product portfolio.

Hewlett Packard Enterprise Development LP (US)

Hewlett Packard Enterprise Development LP (US) emerged as the one of the leading player of the IT asset disposition market. One of the key contributors to its success is the robust portfolio of IT asset disposition products and services. Through its HPE Asset Upcycling Services, the company offers a range of solutions, including data cleansing, secure logistics, automated pickup requests, and serialized asset tracking and testing. Hewlett Packard Enterprise Development LP stands out in the market by not only providing IT asset disposition services but also offering various investment solutions and leveraging its expertise in managing technology assets. This strategic approach gives the company a competitive advantage, enabling it to assist customers in acquiring cutting-edge technology solutions and deriving value from their existing IT investments. In addition to its strong product lineup, Hewlett Packard Enterprise Development LP boasts a widespread geographic presence and a substantial customer base. Many organizations, including Gloucestershire Care Services NHS Trust in the UK, have utilized HPE Asset Upcycling Services to ensure environmentally responsible processing of retired technology while safeguarding sensitive patient data. This widespread adoption underscores the company's influence in the IT asset disposition market.

Dell Inc.  (US)

Dell Inc. is a prominent player in the IT asset disposition market. The company's substantial presence in the market can be attributed to its strong brand recognition, diverse product portfolio, extensive geographic reach, and considerable expertise in effectively managing IT assets. Dell Inc. offers a comprehensive range of IT asset disposition services, encompassing the pickup of IT assets from the doorstep to the recycling or resale of these assets. Dell Inc. has a strong presence in the North American IT asset disposition market, with a significant portion of its revenue stemming from the US. However, the company also maintains a presence in over 30 European countries, showcasing its global footprint. To further expand its services, Dell Inc. has actively pursued agreements and partnerships.

IBM (US)

IBM offers a range of services, including product recycling, battery recycling, asset buyback, and asset disposal. These services are provided under IBM's Global Asset Recovery Services (GARS) unit, which encompasses remanufacturing, disposal, and scrapping services. IBM GARS stands out for its capability to remanufacture IT assets across all geographic areas, presenting the company with both financial and environmental advantages. Specifically, IBM Italia has entered into a participation agreement with the European Advanced Recycling Network (EARN) to ensure compliance with local regulations regarding the environmentally responsible collection, recycling, and disposal of Waste Electrical and Electronic Equipment (WEEE). Additionally, IBM has implemented Asset Recovery Services (ARS), further emphasizing its commitment to efficient and responsible IT asset disposition practices.

Related Reports:

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), Vertical and Region - Global forecast to 2029

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