How Is The Global Data Center IT Asset Disposition Market Defined?
Data center IT asset disposition refers to the process of disposing of obsolete IT hardware, networking, and storage devices, along with other infrastructure commonly found in data centers and offices. This process involves the evaluation, sorting, and disposal of assets in a responsible manner, ensuring that equipment is properly decommissioned and any sensitive data is handled securely.
Data Center IT Asset Disposition Global Market Report 2024 provides data on the global data center it asset disposition market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The data center it asset disposition market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Projections Exist For The Global Data Center IT Asset Disposition Market Size And Annual Growth Rates?
The data center IT asset disposition sector has shown robust growth, increasing from $12.42 billion in 2023 to $13.49 billion in 2024 at a CAGR of 8.6%. Historical growth has been fueled by regulatory compliance, technological obsolescence, data security concerns, cost reduction efforts, and environmental sustainability initiatives. The market is projected to grow further to $18.91 billion by 2028 at a CAGR of 8.8%. Factors driving future growth include heightened demand for e-waste management, greater emphasis on data security and regulatory adherence, adoption of circular economy practices, and expansion of global data center infrastructure. Notable trends include advancements in secure data erasure technologies, asset tracking and management, specialized IT asset disposal firms, and increasingly stringent regulatory requirements.
Which Key Drivers Are Propelling The Data Center IT Asset Disposition Market's Growth?
The growing frequency of cyberattacks is expected to drive the expansion of the data center IT asset disposition market. Cyberattacks involve deliberate attempts to breach the security of digital systems. As technology advances, vulnerabilities increase, and a lack of awareness persists, cyberattacks are on the rise. IT asset disposition is crucial for mitigating risks associated with data breaches, insider threats, and supply chain attacks, ensuring secure and compliant disposal of outdated IT equipment. In April 2023, Check Point Software Technologies reported that global weekly cyberattacks rose by 7% in the first quarter of 2023 compared to the same period in the previous year. This growing threat of cyberattacks is accelerating the demand for IT asset disposition services.
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What Are The Key Segments Within The Global Data Center IT Asset Disposition Market?
The data center it asset disposition market covered in this report is segmented –
1) By Product: Servers, Memory Modules, Hard Disk Drive, Central Processing Unit, Gigabit Interface Converter, Line Cards, Desktops, Laptops, Solid State Drive
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By Application: Data Sanitation Or Destruction, Remarketing OR Resale, Recycling
4) By End Users: Enterprises, Cloud Service Providers, Colocation Providers
How Are New Trends Impacting The Size Of The Data Center IT Asset Disposition Market?
In the data center IT asset disposition market, leading companies are focusing on developing innovative solutions such as IT asset repurposing and disposal facilities to optimize resource use and minimize environmental impact. IT asset repurposing and disposal involves the secure decommissioning, destruction, and environmentally responsible recycling of IT assets. For instance, in March 2024, TES, a Singapore-based provider of IT lifecycle services, launched an IT asset repurposing and disposal facility that focuses on refurbishing and recycling technology assets and data center equipment while preventing the disposal of rare metals in landfills. The facility is fully certified and uses advanced tools to ensure secure data removal from devices, helping prevent data breaches, protect the environment, and recover value from retired IT assets.
Which Region Drives The Highest Growth In The Data Center IT Asset Disposition Market?
North America was the largest region in the data center IT asset disposition market in 2023. The regions covered in the data center it asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
