North America IT Asset Disposition Market Size Likely to Grow at a CAGR of 6.2% By 2033

As per the current market research conducted by CMI Team, the North America IT Asset Disposition Market size is expected to record a CAGR of 6.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 4.04 billion. By 2032, the valuation is anticipated to reach USD 7.45 billion.

North America IT Asset Disposition Market: Growth Factors and Dynamics

• Rising adoption of cloud computing and BYOD:  Rising adoption of cloud computing and BYOD is one of the key drivers of the ITAD market. Cloud computing allows businesses to access IT resources on demand, which reduces the need for on-premises IT assets. BYOD allows employees to use their own personal devices for work, which also reduces the need for on-premises IT assets

• Increasing awareness of data security and privacy: Businesses are increasingly concerned about the security of their data, and they are looking for ways to dispose of old IT assets in a secure manner. ITAD providers offer a variety of services that help businesses to securely dispose of their old IT assets.

• Government Regulations: Stringent government regulations on e-waste management are also driving the growth of the ITAD market. Governments around the world are enacting regulations that require businesses to properly dispose of their e-waste. ITAD providers offer a variety of services that help businesses to comply with these regulations.

• Growing demand for refurbished IT assets:  Refurbished IT assets are typically much cheaper than new IT assets, and they offer the same level of performance. Businesses are increasingly looking for ways to save money, and they are turning to refurbished IT assets as a way to do so.

Report Scope

North America IT Asset Disposition Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the North America IT Asset Disposition Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disrupted supply chains: The pandemic disrupted supply chains across the globe, leading to delays in the delivery of manufacturing equipment, and finished products. Restrictions on manufacturing, transportation, and logistics have led to delays in equipment disposal and recycling processes. This has impacted the production capacity of manufacturers and retailers, resulting in reduced sales and revenue.

• Increased Remote Workforce: COVID-19 has forced many companies to shift to work from home models. As a result, there has been a surge in demand for IT equipment, such as laptops and peripherals, to support remote work setups. This increased demand for IT assets has created a need for proper ITAD services to manage the disposal of old or outdated equipment.

• Increase in online sales: With social distancing measures in place, there has been a surge in online sales of IT equipment, such as laptops and peripherals, as more consumers prefer to shop from the safety of their homes. This has increased the demand for IATDD services and provided a new opportunity for manufacturers and retailers to expand their online presence and reach out to new customers.

• Economic downturn: The pandemic has caused an economic downturn, leading to a decline in consumer spending on non-essential items. This has affected the sales and profitability of ITAD companies in the market.

• Shift Towards Sustainable Practices: COVID-19 has highlighted the importance of environmental sustainability. Businesses are increasingly seeking ITAD services that prioritize eco-friendly practices, such as recycling and responsible disposal of electronic waste in an eco-friendly manner. This trend is expected to drive the adoption of ITAD services that align with sustainability goals.

In conclusion, the COVID-19 pandemic has had a mixed impact on the North America IT Asset Disposition Market, with some challenges and opportunities arising from the pandemic. It has underscored the importance of secure data destruction, efficient supply chain management, and sustainable practices in ITAD operations.

List of the prominent players in the North America IT Asset Disposition Market:

• Apto Solutions Inc.
• CompuCom Systems Inc.
• ITRenew
• LifeSpan Technologies
• Iron Mountain
• Dell Technologies
• Arrow Electronics
• Sims Limited
• ITRenew
• Apto Solutions
• PlanITROI
• Cascade Asset Management
• Wisetek Solutions
• HOBI International
• Ingram Micro ITAD
• Dataserv
• Sipi Asset Recovery
• EPC Inc.,
• SLS Group Industries,
• Dynamic Recycling, ERI (Electronic Recyclers International),
• ECS Refining, CentricsIT
• Technocycle
• Others

The North America IT Asset Disposition Market is segmented as follows:

By Asset Type

• Computers/Laptops
• Servers
• Mobile Devices
• Storage Devices
• Peripherals

By Service Type

• De-Manufacturing & Recycling
• Remarketing & Value Recovery
• Data Destruction/Data Sanitation
• Logistics Management & Reverse Logistics

On the basis of North America Geography

• U.S
• Canada
• Mexico