The data center IT asset disposition market size is expected to see strong growth in the next few years. It will grow to $18.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to growing demand for electronic waste management, increasing emphasis on data security and regulatory compliance, rising adoption of circular economy practices, and expanding data center infrastructure worldwide. Major trends in the forecast period include secure data erasure solutions, growth of asset tracking and management technologies, emergence of specialized IT asset disposal firms, expansion of regulatory compliance requirements.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The growing prevalence of cyberattacks is expected to propel the growth of the data center IT asset disposition market going forward. Cyberattacks refer to deliberate and malicious attempts by individuals, groups, or organizations to breach the security measures of computer systems or digital devices. The prevalence of cyberattacks is growing due to advancing technology, vulnerabilities in systems, and a lack of cybersecurity awareness among individuals. Data center IT asset disposition is vital for cybersecurity as it prevents data breaches, mitigates insider threats, protects against supply chain attacks, and ensures compliance. It ensures the secure and compliant disposal of end-of-life IT assets, protects sensitive data, and mitigates risks associated with data breaches, regulatory non-compliance, and environmental hazards. For instance, in April 2023, according to the blog reported by Check Point Software Technologies, an Israel-based software company, global weekly cyberattacks increased by 7% in Q1 2023, compared to the same quarter of the previous year, with each organization encountering an average of 1,248 attacks per week. Therefore, the growing prevalence of cyberattacks is driving the growth of the data center IT asset disposition market.
Key Industry Players
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
The data center it asset disposition market report table of contents includes:
1. Executive Summary
2. Data Cleaning Tools Market Characteristics
3. Data Cleaning Tools Market Trends And Strategies
4. Data Cleaning Tools Market – Macro Economic Scenario
5. Global Data Cleaning Tools Market Size and Growth
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31. Data Cleaning Tools Market Other Major And Innovative Companies
32. Global Data Cleaning Tools Market Competitive Benchmarking
33. Global Data Cleaning Tools Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Data Cleaning Tools Market
35. Data Cleaning Tools Market Future Outlook and Potential Analysis
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