IT Asset Disposition Software Market Size, Share, and COVID Impact Analysis, by Service (Recycling, Remarketing, Data Destruction, Reverse Logistics, Others (De-manufacturing, etc.)); By Asset Type (Desktops, Mobile Devices, Servers, Storage Devices, Peripherals); By End-user (BFSI, Government, IT and Telecommunication, Healthcare, Media and Entertainment, Others (Aerospace and Defence, etc.), and Regional Forecast, 2024-2032

IT Asset disposition software is a type of software designed to aid businesses to manage the disposal of their assets, such as desktop equipment, mobile devices, and other hardware peripherals. The software typically includes features for tracking, managing, and disposing of assets while maximizing their value and minimizing waste.

Furthermore, the growing adoption of cloud-based software services are driving the market growth. The software provides real-time visibility into asset inventories, automate disposition processes, and facilitate the sale of IT assets through online marketplaces.

• On January 2023, Mobicule launched mCollect, which is an asset reposition module for banking and finance enterprises. The solution managed complex processes of reposition, collection, and recovery of IT and other hardware assets, which enabled retailers in meeting rigorous and constantly changing regulatory requirements, as well as remotely monitoring internal processes.

Impact of COVID-19 on the IT Asset Disposition Software Market

The COVID-19 pandemic has had a significant impact on the IT asset disposition software market, leading to positive and negative effects.

On the negative side, the pandemic disrupted the supply chain, causing difficulties in businesses trying to acquire or resell IT assets. Other companies relied on their existing hardware or utilised employee’s personal assets, in work-from-home conditions. For instance, in 2020, 40% of Cascade’s customers reported a decrease, in their disposal of IT equipment. The company also encountered 24% reduction in their IT assets, in 2020 compared to 2019. However, the pandemic also increased the resale value of the equipment, boosting the demand for asset disposition software in many industries. The Cascade report also stated that the average sales price of desktops increased by 65%, in 2020.  Thus, there was a slight decline in the IT asset disposition software market growth, but the market showed a healthy growth as the limitations and restrictions were relaxed.

Segmentation

By Service – Asset disposition refers to tools to manage the end-of-life IT equipment, which includes recycling, remarketing, data destruction, reverse logistics and other related activities. Recycling includes the collection and processing of old equipment to recover reusable materials and components. Remarketing refers to sale or repurposing IT assets that retain value, either directly or by a third party retailer. Data destruction involves the removal or destruction of sensitive data stored on storage devices, to prevent data theft and data breaches. Reverse logistics aids in collection and transportation of these devices to a central location for processing, for disposal or further utilization. The software provides a centralised platform for managing such services, enabling enhanced business efficiency and management.

By Asset Type – The asset disposal solution support disposition of various types of IT assets such as desktops, laptops, servers, storage devices, network equipment, and mobile devices such as smartphones and tablets. It manages the tracking and lifecycle assessment of these IT assets, from their acquisition to disposal, ensuring organisations with management of compliance and data security regulations.

By End-user – The software aids financial and healthcare organisations by managing compliance regulations such as PCI-DSS, HIPAA, and Sarbanes-Oxley, and others. Data destruction protects sensitive financial and personal data, and aids in recovering value from old IT equipment. The media and entertainment industry relies heavily on IT equipment for content creation and distribution. Asset disposition software enables selection, tracking listing, and simplify retirement of used IT appliances and recover value, by remarketing compatible assets.

Key Insights

The report will cover the following key insights:

• Micro Macro Economic Indicators


• Drivers, Restraints, Trends, and Opportunities


• Business Strategies Adopted by the Key Players


• Impact of COVID-19 on Global IT Asset Disposition Software Market


• Consolidated SWOT Analysis of Key Players

Regional Analysis

The global IT asset disposition software market is distributed into five regions: North America, South America, Europe, Middle East & Africa, and Asia Pacific.

As of 2022, North America holds the largest market share contributing to the presence of many key players and leading suppliers in the region such as Iron Mountain, Apto Solutions, IBM Corporation, Hewlett-Packard Company, and Dell Computer Corporation, and others. Asia Pacific has also been growing at a significant rate for increasing deployment of used hardware in the market that assures the continuity of growth at a steady rate.

• In December 2021, Iron Mountain acquired ITRenew, which provided IT asset recycle and disposal services, for USD 725 million. The acquisition enabled enhancements to Iron Mountain’s business operations, due to integration of ITRenew platform into IT Asset Lifecycle Management platform.

The distribution of the global wireless router market by region of origin is as follows:

• North America – 26%


• South America – 11%


• Europe – 22%


• Middle East and Africa – 18%


• Asia Pacific – 23%

Key Players Covered

The key players in the market include Iron Mountain, Apto Solutions, IBM Corporation, Hewlett-Packard Company, Dell Computer Corporation, Sims Lifecycle Services, Arrow Electronics, Cisco Capital, Horizon, SYNNEX, and LifeSpan International Inc., and others.

Report Scope & Segmentation

Key Industry Developments

• April 2022: Dell technologies, expanded their asset recovery services for IT equipment in South Africa. The company included support for third party laptops, desktops, servers, and peripherals, to increase sustainable recycling and reduce e-waste by 8%.


• January 2022: Buildout, a U.S. based property marketing automation software provider, acquired Apto Solutions. The company aims to optimize its services and product offerings, across their real estate solutions.