Overview and Scope
Cloud computing data center IT asset disposition refers to the process of properly managing and disposing of outdated or decommissioned hardware and equipment used in cloud computing data centers. This disposition is utilized to responsibly manage the retirement of outdated hardware and equipment from cloud data centers. This involves securely wiping data, recycling components, and ensuring compliance.
Sizing and Forecast
The cloud computing data center it asset disposition market size has grown rapidly in recent years. It will grow from $11.57 billion in 2023 to $13.13 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to increased vendor and technology changes, increased environmental sustainability initiatives, increased data center migration or relocation, and end-of-lease or end-of-life considerations.
The cloud computing data center it asset disposition market size is expected to see rapid growth in the next few years. It will grow to $21.99 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to cloud migration and hybrid it, cybersecurity threat landscape, cost optimization and roi, remote workforce and endpoint management, and data center automation and orchestration. Major trends in the forecast period include increased adoption of circular economy principles, rise of automation and ai-driven solutions, focus on data security and privacy, expansion of cloud-based disposition solutions, and integration with data center lifecycle management.
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Segmentation & Regional Insights
The cloud computing data center it asset disposition market covered in this report is segmented –
1) By Service: Remarketing, Recycling, Data Destruction, Other Services
2) By Asset Type: Servers, Networking Equipment, Storage Devices, Other Asset Types
3) By End Users: Enterprises, Cloud Service Providers, Colocation Providers
North America was the largest region in the cloud computing data center it asset disposition market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud computing data center it asset disposition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of cloud computing services is expected to propel the growth of the cloud computing data center IT asset disposition market going forward. Cloud computing services refer to delivering computing resources and IT services over the internet with pay-as-you-go pricing. The adoption of cloud computing services is increasing due to their cost-effectiveness, easy-to-use nature, flexibility, and scalability. Cloud computing enhances IT asset disposition processes’ efficiency, security, scalability, and analytical capabilities, driving innovation and competitiveness in data center IT asset disposition. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, cloud computing services were procured by 45.2% of EU enterprises, reflecting a 4.2 percentage point rise from 2021. Therefore, the increasing adoption of cloud computing services drives the growth of the cloud computing data center IT asset disposition market.
Key Industry Players
Major companies operating in the cloud computing data center it asset disposition market report are Dell Technologies Inc.; HP Development Company L.P.; Arrow Electronics Pvt Ltd.; Iron Mountain; Sims Recycling Services; Liquid Technology; TES-AMM; McPhersons Resources Ltd.; ITRenew’s; Atlantix Global Systems; Wisetek Providers Inc.; CNET Global Solutions; Hyphen Services Ltd.; TechTurn Ltd.; Garbageman Ltd.; Apto Solutions Ltd.; CloudBlue Digital Ltd.; HOBI International; Cascade Asset Management LLC; GreenTek Solutions LLC; ServerMonkey LLC; ICT Reverse; Inrego AB
The cloud computing data center it asset disposition market report table of contents includes:
1. Executive Summary
2. Cloud Computing Data Center Information Technology Asset Disposition Market Characteristics
3. Cloud Computing Data Center Information Technology Asset Disposition Market Trends And Strategies
4. Cloud Computing Data Center Information Technology Asset Disposition Market – Macro Economic
Scenario
5.Global Cloud Computing Data Center Information Technology Asset Disposition Market Size and Growth
…
32. Global Cloud Computing Data Center Information Technology Asset Disposition Market Competitive Benchmarking
33. Global Cloud Computing Data Center Information Technology Asset Disposition Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cloud Computing Data Center Information Technology Asset Disposition Market
35.Cloud Computing Data Center Information Technology Asset Disposition Market Future Outlook and Potential Analysis
36. Appendix
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