Global Data centre IT asset disposition Market was valued at USD 9.35 Bn in 2019 and is expected to reach at USD 15.95 Bn by 2027 at a CAGR of 6.9% over forecast period 2020-2027.
Global Data centre IT asset disposition Market
The report covers an in depth analysis of COVID 19 pandemic impact on Global Data centre IT asset disposition Market by region and on the key players revenue affected till April 2020 and is expected to short term and long term impact on the market.
Global Data centre IT asset disposition Market Dynamics:
Data centre IT Asset Disposition (ITAD) services includes data centre hardware storage, asset re-deployment, secure on-site or off-site data destruction, equipment recycling and hardware resale. Stringent regulations in several countries to preserve the environment is mainly driving the Global Data centre IT asset disposition Market over forecast period. Moreover, growing need of information, escalating data security concerns from old assets, increasing adoption of new technologies such as AI, IoT and Bring your own devices trend are some of the key factors driving the demand in the global data centre IT asset disposition market.
However, factors such as lack of awareness, high service cost, and limitation of comprehensive IT asset disposition policies are restraining the market growth over forecast period.
Global Data centre IT asset disposition Market is segmented by asset type, organisation size, service and region. By organisation size, large enterprises held 59.87% of market share in 2019 and is expected to keep its dominance over forecast period. Growing awareness in large enterprises as compared to small and medium enterprises, to reduce their power consumption from server equipment. By Asset type, servers, CPU and SSD are expected to major market share over forecast period owing to increasing proliferation of cloud computing, growing number of data centres, and increasing big data applications. By service, data sanitation of destruction is expected to hold 35.76% of market share at a CAGR of 7.5% over forecast period owing to increasing compliance about data mining from various regulatory authorities.
Geographically, Global Data centre IT asset disposition market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Among all of these North America held 39.09% of global market share in 2019 and is expected to keep its dominance over forecast period owing to presence of large number of major players in this region. In this region larger enterprises are rapidly adopting cloud services to increase their revenue opportunities which is expected to create lucrative opportunities for data centre IT asset disposition market in this region. North America is followed by APAC and Europe.
APAC is expected to hold 28.54% of market share at a CAGR of 7.2% over forecast period. There are many emerging companies in this region, which are offering ITAD services to government agencies and private companies this is mainly driving market in this region.
Europe is expected to hold 22.54% of market share over forecast period driven by high adoption rate of cloud services by numerous enterprises in the countries such as Germany, France, U.K. and Italy.
Report covers in depth analysis of key development and company profiles of market leaders, potential players and new entrants. Some of the major players covered in this report are Hewlett Packard Enterprise Company (HPE), Dell Inc, Arrow Electronics, Inc., Sims Recycling IBM Cloud, Blue Technologies, Inc., Apto Solutions, Inc., LifeSpan International, Inc. and ITRenew Inc among others. Among all of these Arrow Electronics is most profitable company in 2019, while Sims Recycling and IBM ranked 2 and 3. The market share of them is 10.77%, 7.51% and 6.78% in 2019. These players are using various organic and inorganic growth strategies such merger & acquisition, expansion, joint ventures and new product launches to increase their regional presence and business opeartions.
The objective of the report is to present a comprehensive analysis of the Global Data centre IT asset disposition Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Data centre IT asset disposition Market dynamics, structure by analyzing the market segments and project the Global Data centre IT asset disposition Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Data centre IT asset disposition Market make the report investor’s guide.
Scope of Global Data centre IT asset disposition Market
Global Data centre IT asset disposition Market, by Asset type
• Memory modules
• Line cards
Global Data centre IT asset disposition Market, by Service
• Data Sanitation/ Destruction
Global Data centre IT asset disposition Market, by Enterprise
• Large Enterprises
Global Data centre IT asset disposition Market by Region
• North America
• 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.
• Atlantix Global Systems
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