IT Asset Reuse Market Forecast till 2027

Description

IT Asset Reuse Market Forecast till 2027

Market Overview

By the end of 2027, it is predicted that the global market for IT asset reuse would have grown at a CAGR of more than 14.7%, reaching USD 11,397.5 Million. Reusing IT assets is a waste management technique that uses full devices or parts rather than recycling or destroying them. By utilizing cutting-edge techniques, the life of outdated IT hardware and components can be extended, and they can be used again after their data has been wiped. Due to energy-intensive recycling procedures, CO2 emissions, governmental laws, and declining pricing of material recovered from recycling, businesses are moving away from recycling and decomposition and toward reuse.
After passing through a thorough refurbishing process, numerous companies and some significant players are selling refurbished PCs and laptops at discounted costs. Different organizations and a few central parts are selling repaired computers and workstations at scaled-down costs in the wake of going through a thorough strategy to re-establish them to spic and span execution and quality guidelines. Repaired PCs, as indicated by a few item dealers and producers, can be similarly basically as secure and dependable as new PCs, however, clients should get their work done and purchase from a legitimate source. In the not-so-distant future, the restored IT assets market is normally to ascend because of individuals’ rising dependence on PCs and innovation.
Segment Overview
The product type, organization size, vertical, and regional segments have been used to divide the global market for IT asset reuse. The global market has been divided into Computers/Laptops/Notebooks, Printers, Mobile Devices, Peripherals, Storage, Servers, and Others based on the kind of product. With a market share of USD 1508.8 million in 2018, computers, laptops, and notebooks are estimated to increase at a CAGR of 13.7% over the forecasted period.
According to the size of the organization, the global market has been divided into Large Enterprises and Small and Medium Sized Enterprises. The BFSI, telecom and IT, healthcare, aerospace, energy and utilities, government, education, and other verticals have been classified as segments of the worldwide market.
Regional Analysis
The worldwide IT Asset Reuse market has been concentrated across Asia-Pacific, North America, Europe, the Center East and Africa, and South America. Europe represented the biggest market portion of 52% in 2018 because of the public authority’s imposition of ecological guidelines on the public authority on treatment of repetitive assets.
Germany is one of the main nations and is at the cutting edge of development and innovation, having the presence of central parts in the field of semiconductors, power hardware, and data and correspondence innovation (ICT).
Asia-Pacific district is supposed to notice the most elevated development rate during the IT asset reuse market figure period because of the plan of administrative compliance for the legitimate reuse of IT assets and protecting the climate from IT assets’ perilous parts.
Major Players
Dataserv.LLC (US), Iron Mountain Incorporated (US), Apto Solutions Inc. (US), Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), IBM Corporation (US), Lifespan International Inc. (US), TES-AMM PTE LTD (Japan), Compucom (US), and 3STEPIT are among the leading companies operating in the global IT Asset Reuse Market (Finland).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 15

1.1 Market Synopsis 17

2 MARKET INTRODUCTION 18

2.1 Definition 18

2.2 SCOPE OF THE STUDY 18

2.3 Research Objective 18

2.4 MARKET STRUCTURE 18

3 RESEARCH METHODOLOGY 19

4 MARKET DYNAMICS 26

4.1 Introduction 26

4.2 Drivers 27

4.2.1 Growing Trend Of IT Asset Reuse Among Various Industries 27

4.2.2 Imposition Of Environmental Regulations By Governments On Handling Of Redundant Assets 27

4.3 Restraint 28

4.3.1 High Service Cost And Low Initial Return On Investment 28

4.4 Opportunity 29

4.4.1 Rising Trend Of BYOD 29

4.5 Impact Of COVID-19 29

4.5.1 Impact On IT Industry 30

4.5.2 Growing Demand From SMEs 30

4.5.3 Expect Increase Demand From Developed And Developing Economies 30

5 MARKET FACTOR ANALYSIS 31

5.1 SUPPLY/VALUE CHAIN ANALYSIS 31

5.1.1 Production 31

5.1.2 Distribution 32

5.1.3 Use 32

5.1.4 Collection & Sorting 32

5.1.5 Preparing For Reuse & Sorting 32

5.2 PORTER’S FIVE FORCES MODEL 33

5.2.1 THREAT OF NEW ENTRANTS 33

5.2.2 BARGAINING POWER OF SUPPLIERS 33

5.2.3 BARGAINING POWER OF BUYERS 34

5.2.4 THREAT OF SUBSTITUTES 34

5.2.5 INTENSITY OF RIVALRY 34

6 GLOBAL IT ASSET REUSE MARKET, BY Product Type 35

6.1 OVERVIEW 35

6.1.1 Global IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 36

6.2 Computers/Laptops/Notebooks 36

6.3 Printer 36

6.4 Mobile Devices 36

6.5 Peripherals 36

6.6 Storage 37

6.7 Servers 37

6.8 Other 37

7 GLOBAL IT ASSET REUSE MARKET, BY Organization Size 38

7.1 OVERVIEW 38

7.1.1 Global IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 39

7.2 Large Enterprises 39

7.3 Small And Medium Sized Enterprises 39

8 GLOBAL IT ASSET REUSE MARKET, BY Vertical 40

8.1 OVERVIEW 40

8.1.1 Global IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 41

8.2 BFSI 41

8.3 Telecom & IT 41

8.4 Healthcare 41

8.5 Aerospace 41

8.6 Energy & Utilities 42

8.7 Government 42

8.8 Education 42

8.9 Other 42

9 Global IT ASSET REUSE MARKET, BY Region 43

9.1 OVERVIEW 43

9.1.1 Global IT ASSET REUSE Market, By Region, 2018 VS 2027 (USD MILLION) 43

9.1.2 Global IT ASSET REUSE Market, BY Region, 2020–2027 (USD MILLION) 44

9.2 North America 45

9.2.1 North America: IT ASSET REUSE Market, BY Country, 2020–2027 (USD MILLION) 46

9.2.2 North America IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 47

9.2.3 North America IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 48

9.2.4 North America IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 49

9.2.5 US 49

9.2.5.1 US IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 49

9.2.5.2 US IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 50

9.2.5.3 US IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 50

9.2.6 Canada 51

9.2.6.1 Canada IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 51

9.2.6.2 Canada IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 51

9.2.6.3 Canada IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 52

9.2.7 Mexico 52

9.2.7.1 Mexico IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 52

9.2.7.2 Mexico IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 53

9.2.7.3 Mexico IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 53

9.3 EUROPE 54

9.3.1 EUROPE: IT ASSET REUSE Market, BY Country, 2020–2027 (USD MILLION) 55

9.3.2 Europe IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 56

9.3.3 Europe IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 56

9.3.4 Europe IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 57

9.3.5 Germany 58

9.3.5.1 Germany IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 58

9.3.5.2 Germany IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 58

9.3.5.3 Germany IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 59

9.3.6 UK 59

9.3.6.1 UK IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 59

9.3.6.2 UK IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 60

9.3.6.3 UK IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 60

9.3.7 FRANCE 61

9.3.7.1 FRANCE IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 61

9.3.7.2 FRANCE IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 61

9.3.7.3 FRANCE IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 62

9.3.8 REST OF EUROPE 62

9.3.8.1 REST OF EUROPE IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 62

9.3.8.2 REST OF EUROPE IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 63

9.3.8.3 REST OF EUROPE IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 63

9.4 ASIA-PACIFIC 64

9.4.1 ASIA-PACIFIC: IT ASSET REUSE Market, BY Country, 2020–2027 (USD MILLION) 65

9.4.2 Asia-Pacific IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 66

9.4.3 Asia-Pacific IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 66

9.4.4 Asia-Pacific IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 67

9.4.5 CHINA 68

9.4.5.1 CHINA IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 68

9.4.5.2 CHINA IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 68

9.4.5.3 CHINA IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 69

9.4.6 JAPAN 69

9.4.6.1 JAPAN IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 69

9.4.6.2 JAPAN IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 70

9.4.6.3 JAPAN IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 70

9.4.7 INDIA 71

9.4.7.1 INDIA IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 71

9.4.7.2 INDIA IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 71

9.4.7.3 INDIA IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 72

9.4.8 REST OF ASIA-PACIFIC 72

9.4.8.1 REST OF ASIA-PACIFIC IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 72

9.4.8.2 REST OF ASIA-PACIFIC IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 73

9.4.8.3 REST OF ASIA-PACIFIC IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 73

9.5 MIDDLE EAST & AFRICA 74

9.5.1 Middle East & Africa IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 74

9.5.2 Middle East & Africa IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 75

9.5.3 Middle East & Africa IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 76

9.6 SOUTH AMERICA 77

9.6.1 South America IT ASSET REUSE Market, BY Product Type, 2020–2027 (USD MILLION) 77

9.6.2 South America IT ASSET REUSE Market, BY Organization Size, 2020–2027 (USD MILLION) 78

9.6.3 South America IT ASSET REUSE Market, BY Vertical, 2020–2027 (USD MILLION) 79

10 COMPETITIVE LANDSCAPE 80

10.1 Introduction 80

10.2 Competitive Benchmarking 81

10.3 Vendor Share Analysis 82

10.4 Recent Developments 82

10.4.1 Product Development 82

10.4.2 Partnerships/Agreements/Contracts/Collaborations 83

11 Company Profile 84

11.1 CDW. 84

11.1.1 COMPANY OVERVIEW 84

11.1.2 FINANCIAL OVERVIEW 85

11.1.3 Products/Solutions/Services OFFERed 85

11.1.4 KEY DEVELOPMENTS 85

11.1.5 SWOT ANALYSIS 86

11.1.6 KEY STRATEGIES 86

11.2 TBS INDUSTRIES INC. 87

11.2.1 COMPANY OVERVIEW 87

11.2.2 FINANCIAL OVERVIEW 87

11.2.3 PRODUCTS OFFERed 87

11.2.4 Key Development 87

11.3 Ingram MicRo 88

11.3.1 Company Overview 88

11.3.2 FINANCIAL OVERVIEW 88

11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 89

11.3.4 KEY DEVELOPMENTS 89

11.3.5 SWOT ANALYSIS 90

11.3.6 KEY STRATEGIES 90

11.4 ERI 91

11.4.1 COMPANY OVERVIEW 91

11.4.2 FINANCIAL OVERVIEW 91

11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 91

11.4.4 KEY DEVELOPMENTS 92

11.4.5 KEY STRATEGIES 92

11.5 Sims Lifecycle Services 93

11.5.1 COMPANY OVERVIEW 93

11.5.2 FINANCIAL OVERVIEW 94

11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 95

11.5.4 KEY DEVELOPMENTS 95

11.5.5 SWOT ANALYSIS 96

11.5.6 KEY STRATEGIES 96

11.6 Dataserv.LLC 97

11.6.1 COMPANY OVERVIEW 97

11.6.2 FINANCIAL OVERVIEW 97

11.6.3 Products/Solutions/Services OFFERed 97

11.6.4 KEY DEVELOPMENTS 97

11.7 Iron Mountain Incorporated. 98

11.7.1 COMPANY OVERVIEW 98

11.7.2 FINANCIAL OVERVIEW 98

11.7.3 Products/Solutions/Services OFFERed 99

11.7.4 KEY DEVELOPMENTS 99

11.7.5 SWOT ANALYSIS 99

11.7.6 KEY STRATEGIES 99

11.8 Apto Solutions Inc. 100

11.8.1 COMPANY OVERVIEW 100

11.8.2 FINANCIAL OVERVIEW 100

11.8.3 Products/Solutions/Services OFFERed 100

11.8.4 KEY DEVELOPMENTS 100

11.9 Dell Inc. 101

11.9.1 COMPANY OVERVIEW 101

11.9.2 FINANCIAL OVERVIEW 101

11.9.3 Products/Solutions/Services OFFERed 102

11.9.4 KEY DEVELOPMENTS 102

11.9.5 SWOT ANALYSIS 102

11.9.6 KEY STRATEGIES 102

11.10 Hewlett Packard Enterprise Development Lp 103

11.10.1 COMPANY OVERVIEW 103

11.10.2 FINANCIAL OVERVIEW 104

11.10.3 Products/Solutions/Services OFFERed 104

11.10.4 KEY DEVELOPMENTS 104

11.10.5 SWOT ANALYSIS 105

11.10.6 KEY STRATEGIES 105

11.11 Ibm Corporation 106

11.11.1 COMPANY OVERVIEW 106

11.11.2 FINANCIAL OVERVIEW 106

11.11.3 Products/Solutions/Services OFFERed 107

11.11.4 KEY DEVELOPMENTS 107

11.11.5 SWOT ANALYSIS 107

11.11.6 KEY STRATEGIES 107

11.12 Lifespan International Inc. 108

11.12.1 COMPANY OVERVIEW 108

11.12.2 FINANCIAL OVERVIEW 108

11.12.3 Products/Solutions/Services OFFERed 108

11.12.4 KEY DEVELOPMENTS 108

11.13 TES-AMM PTE LTD. 109

11.13.1 COMPANY OVERVIEW 109

11.13.2 FINANCIAL OVERVIEW 109

11.13.3 Products/Solutions/Services OFFERed 109

11.13.4 KEY DEVELOPMENTS 109

11.13.5 SWOT ANALYSIS 110

11.13.6 KEY STRATEGIES 110

11.14 Compucom 111

11.14.1 COMPANY OVERVIEW 111

11.14.2 FINANCIAL OVERVIEW 111

11.14.3 Products/Solutions/Services OFFERed 111

11.14.4 KEY DEVELOPMENTS 111

11.15 3stepit. 112

11.15.1 COMPANY OVERVIEW 112

11.15.2 FINANCIAL OVERVIEW 112

11.15.3 Products/Solutions/Services OFFERed 112

11.15.4 KEY DEVELOPMENTS 112