Amid the COVID-19 crisis, the global market for Data Center IT Asset Disposition estimated at US$9.3 Billion in the year 2020, is projected to reach a revised size of US$13.5 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Servers, one of the segments analyze
Global Data Center IT Asset Disposition Market to Reach $13.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Data Center IT Asset Disposition estimated at US$9.3 Billion in the year 2020, is projected to reach a revised size of US$13.5 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Servers, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$2.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Storage Devices segment is readjusted to a revised 5.7% CAGR for the next 7-year period.
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The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 5% CAGR
In the United States, the market for disposing of IT assets in data centres is anticipated to reach US$2.7 billion by 2020. The second-largest economy in the world, China, is predicted to reach a projected market size of US$2.4 billion by the year 2027, growing at a CAGR of 5% from 2020 to 2027. Japan and Canada are two more notable geographic markets, with growth rates of 5.2% and 4.2%, respectively, predicted for each for the years 2020–2027. Germany is anticipated to expand at a CAGR of roughly 4.4% within Europe.
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Computers/laptops Segment to Record 5.4% CAGR
The United States, Canada, Japan, China, and Europe are expected to drive the 5.4% CAGR predicted for the worldwide computers/laptops category. By the end of the analysis period, these regional markets, which together had a market value of US$2.3 billion in 2020, are expected to have grown to US$3.3 billion. China will continue to have one of these regional marketplaces with the strongest growth rates. By 2027, it is anticipated that the market in Asia-Pacific would reach US$1.5 billion, with nations like Australia, India, and South Korea leading the way.
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Global Data Center IT Asset Disposition Market (USD Million), By Organization Size, 2017 2022
When upgrading electronic gear or software, a business must properly and safely get rid of any outdated equipment. Due to the potential presence of potentially dangerous heavy metals like cadmium, lead, and mercury in these outdated devices, careful handling is essential for both worker safety and environmental stewardship. The industry for ITAD is rising due to the necessity to manage the safe and orderly retirement of this substantial amount of equipment as well as growing data security, regulatory, and environmental issues.
Government rules concerning the recycling and disposal of IT devices require a number of steps, from arranging and classifying the equipment to safely erasing data before reselling. This factor restrains the expansion of the ITAD sector. Furthermore, to improve process efficiency and offer a sizable development opportunity to the global market for the disposition of IT assets from data centres, ITAD providers can now recycle and remarket materials in bulk.
Data Center IT Asset Disposition Market, By Organization Size
Due to an increasing awareness among large businesses relative to small and medium businesses to lower their power consumption from server equipment, large businesses currently hold the largest market share. As a result, it becomes absolutely essential to regularly update the current infrastructure in order to guarantee that no equipment operates inefficiently. Additionally, it is absolutely essential for companies with extensive IT infrastructure. These are the main elements fueling the expansion of this market sector.
Data Center IT Asset Disposition Market, By Region
The greatest market share is anticipated to be held by North America based on geographic segmentation. The rate of cloud service adoption in this area is very high. As long as cloud computing remains a fundamental component of the North American IT ecosystem, it is anticipated that the lifespan of IT assets would be shortened, leading to a significant increase in demand for ITAD services. Additionally, there are numerous new businesses that provide ITAD services to government organisations; these factors will increase demand for ITAD in the future.
The report offers both qualitative and quantitative market research, as well as valuable insights into the realistic scenario and preferred development strategies used by the major competitors. The study also provides in-depth analysis of the competitiveness of the major market players and exhaustive research on those players. The research also recognises and analyses the major companies’ essential business tactics, such as MA (Mergers Acquisitions), affiliations, collaborations, and contracts. The report identifies the corporate headquarters, rival companies, product/service type, usage and specification, pricing, and gross margin for each company. Global Data centre IT asset disposition Market, by Asset type
Servers Memory modules HDD CPU GBIC Line cards Desktops Laptops SSD Global Data centre IT asset disposition Market, by Service Data Sanitation/ Destruction
Global Data centre IT asset disposition Market, by Enterprise Large Enterprises SMEs
Global Data centre IT asset disposition Market by Region North America APAC Europe MEA Africa Latin America
Global Data centre IT asset disposition Major Market Players • Hewlett Packard Enterprise Company (HPE)• Dell Inc.• Arrow Electronics, Inc.• Cloud Blue Technologies, Inc.• Apto Solutions, Inc.• LifeSpan International, Inc.• ITRenew Inc.• Iron Mountain Incorporated.• Sims Recycling Ltd.• TBS Industries• TES (Singapore) Pte Ltd• Sims Recycling• Arrow Electronics, Inc• TES-AMM Pte Ltd.• IBM• Atlantix Global Systems• HPE• GEEP• Dataserv
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