What Has Been the Progress and Growth of the Data Center IT Asset Disposition Market in Recent Years?
The data center it asset disposition market has seen considerable growth due to a variety of factors.
• Over the past few years, the data center IT asset disposition market has seen considerable growth. The market size is projected to increase from $13.49 billion in 2024 to $14.71 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.1%.
Factors such as regulatory compliance, technology obsolescence, concerns over data security, initiatives to reduce costs, and environmental sustainability have contributed to the growth in the recent past.
What Can Be Expected from the Data Center IT Asset Disposition Market Size?
The data center it asset disposition market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the data center IT asset disposition market is anticipated to witness significant expansion. It is projected to reach $20.55 billion by 2029, with an 8.7% compound annual growth rate (CAGR). This anticipated growth is attributable to the escalating demand for managing electronic waste, a growing focus on data security and regulatory adherence, increased incorporation of circular economy strategies, and the widening scope of data center infrastructures globally. Secure data erasure solutions, the upward trajectory of asset tracking and management technologies, the rise of dedicated IT asset disposal enterprises, and the widening scope of regulatory compliance requirements are dominant trends for the forecasted period.
What Are the Critical Driver Fuelling The Data Center IT Asset Disposition Market's Growth?
The rise in cyberattack incidents is anticipated to stimulate the expansion of the data center IT asset disposition market. Cyberattacks involve intended and harmful incursions by individuals, entities, or groups contravening the safeguarding rules of computer networks or digital appliances. Rampant cyberattacks are due to accelerated technology, system vulnerabilities, and the scarcity of cybersecurity cognizance. Data center IT asset disposition is critical for cybersecurity as it averts data leakages, counters internal threats, defends supply chain attacks, and guarantees compliance. It enables safe and regulating disposal of redundant IT assets, guards confidential information, and lowers risks related to data leakages, non-compliance to regulations, and ecological dangers. For instance, the blog post by Check Point Software Technologies, a firm based in Israel, disclosed in April 2023 that there was a 7% rise in worldwide weekly cyberattacks in Q1 2023 relative to the same quarter the preceding year, each organization experiencing an average of 1,248 attacks weekly. Hence, the escalating prevalence of cyberattacks is accelerating the data center IT asset disposition market's expansion.
How Is The Data Center IT Asset Disposition Market segmented?
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, Re marketing OR Resale, Recycling
4) By End Users: Enterprises, Cloud Service Providers, Colocation Providers
Subsegments:
1) By Servers: Rack Servers, Blade Servers, Tower Servers, Storage Servers
2) By Memory Modules: DRAM Modules, Flash Memory Modules, EEPROM
3) By Hard Disk Drives (HDD): Desktop HDDs, Enterprise HDDs, External HDDs
4) By Central Processing Units (CPU): Desktop CPUs, Server CPUs, Workstation CPUs
5) By Gigabit Interface Converters (GBIC): SFP (Small Form-factor Pluggable) GBICs, XFP (10 Gigabit) GBICs, SFP+ (Enhanced SFP) GBICs
6) By Line Cards: Ethernet Line Cards, Fibre Channel Line Cards, Router Line Cards, Switch Line Cards
7) By Desktops: All-in-One Desktops, Tower Desktops, Mini PCs
8) By Laptops: Business Laptops, Gaming Laptops, Ultrabooks
9) By Solid State Drives (SSD): SATA SSD, NVMe SSD, PCIe SSD, M.2 SSD
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How Are New Trends Impacting The Size Of The Data Center IT Asset Disposition Market?
Leading corporations in the data center IT asset disposition market are gravitating towards the creation of novel solutions such as the IT asset repurposing and disposal services, designed to enhance resource utilization and limit environmental damage. IT asset repurposing and disposal services revolve around the secure retirement of IT assets from active services, which includes measures like decommissioning, destruction, and ecological recycling. For instance, TES, an IT life-cycle services provider hailing from Singapore, unveiled an IT asset repurposing and disposal facility in March 2024. This new development focuses on the refurbishment and recycling of technology assets and data center equipment, primarily to prevent rare metals from heading to the landfill. The facility boasts of full certification and high-tech tools that guarantee secure data removal from various devices. The overarching aim is to protect the environment from harmful disposal methods, ensure security of vital organizational data, and potentially regain value from retired IT assets.
Who Are the Key Players In The Data Center IT Asset Disposition Market?
Major companies operating in the data center IT asset disposition market are:
• Dell Inc.
• International Business Machines Corporation
• Arrow Electronics Inc.
• Hewlett Packard Enterprise (HPE)
• Iron Mountain Incorporated
• EPC Inc.
• Sims Recycling Solutions
• Procurri Corporation
• CentricsIT
• ITRenew Inc.
• Atlantix Global Systems
• Cxtec Inc.
• Quantum Lifecycle Partners
• Wisetek
• Apto Solutions Inc.
• HOBI International Inc.
• Dataserv
• Re-Teck
• CloudBlue
• TES-AMM Pte Ltd.
• Midwest CompuTech
• TechWaste Recycling
• Maxxum
• TBS Industries
• CentraComm Communications
• Exit Technologies
What Is The Most Dominant Region In The Data Center IT Asset Disposition Market?
North America was the largest region in the data center IT asset disposition market in 2024. 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.
