Sustainable Solutions: Navigating the IT Asset Disposition Landscape

                 IT asset disposition market boasted a valuation of USD 15.5 billion, with projections indicating it could reach USD 23.5 billion by 2027, growing at a notable CAGR of 8.7% between 2022 and 2027. This growth can be attributed to several key factors, primarily the increasing demand for data and information security with older assets and the necessity to adhere to regulatory guidelines focused on environmental safety.

Leading the way in 2021, Hewlett Packard Enterprise (HPE) secured the top spot in the IT asset disposition market, capturing a market share of 10–13%. HPE’s dominance can be attributed to its robust IT asset disposition product portfolio. Under the HPE Asset Upcycling Services umbrella, the company provides a range of services, including data cleansing, secure end-to-end logistics, automated pickup requests, and serialized asset tracking and testing. HPE stands out by offering investment solutions and expertise in technology asset management, which allows it to assist customers in procuring unique and up-to-date technology solutions while maximizing the value of their existing IT investments. Beyond its product portfolio, HPE benefits from a strong global presence and a wide customer base, with its IT asset disposition services being utilized by various organizations, including the Gloucestershire Care Services NHS Trust in the UK.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=28474391

In the second position, Dell Technologies claimed an 8–10% share of the IT asset disposition market in 2021. Dell’s strong brand recognition, extensive product portfolio, global presence, and expertise in IT asset management have all contributed to its significant market share. The company offers a comprehensive range of IT asset disposition services, encompassing the pickup of IT assets from the customer’s location to IT asset recycling and resale. Dell Technologies maintains a particularly strong foothold in the North American IT asset disposition market, with a substantial portion of its revenue generated in the US. However, the company also maintains a noteworthy presence in over 30 European countries and is actively expanding its services through agreements and partnerships.

IBM secured the third position in the IT asset disposition market in 2021, commanding a market share of 6–9%. IBM’s strength lies in its diverse portfolio of services, including product recycling, battery recycling, asset buyback, and asset disposal. The company offers remanufacturing, disposal, and scrapping services through its Global Asset Recovery Services (GARS) unit, which operates across various geographic regions, providing both financial and environmental benefits. IBM Italia has a strategic partnership with the European Advanced Recycling Network (EARN) to ensure compliance with local requirements for the environmentally responsible collection, recycling, and disposal of Waste Electrical and Electronic Equipment (WEEE). Furthermore, IBM has implemented the Asset Recovery Services (ARS) program to facilitate the treatment of IT hardware, optimizing reuse and recycling efforts.

Overall, these industry leaders, HPE, Dell Technologies, and IBM, have established their prominence in the IT asset disposition market through their robust portfolios, global reach, and commitment to environmental responsibility and data security.

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