The global IT asset disposition (ITAD) market was valued at USD 20,513.0 million in 2022 and is projected to grow at a robust compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. The market's growth is driven by the escalating volume of electronic waste (e-waste) worldwide. According to the Global E-waste Monitor—a report co-published by the United Nations in collaboration with organizations such as the International Solid Waste Association, International Telecommunication Union, and the UN Environment Programme—the world produced 53.6 million metric tons of e-waste in 2019. This figure is expected to rise sharply, reaching approximately 74 million metric tons by 2030. This surge in e-waste generation has fueled demand for effective IT asset disposition services, which offer secure and sustainable disposal of retired or obsolete electronic equipment.

Key Growth Drivers

1. Growing E-Waste Concerns: The rapid adoption of technology has resulted in a significant increase in electronic devices, such as smartphones, laptops, tablets, and servers. While this has fueled economic and technological progress, it has also created a serious environmental challenge in the form of e-waste. E-waste comprises harmful substances like mercury, cadmium, and lead, which can cause severe environmental and health hazards if not properly managed. As a result, the ITAD market plays a critical role in the responsible disposal, recycling, and repurposing of electronic devices. Companies and governments are seeking ITAD solutions to manage the growing e-waste and ensure compliance with environmental regulations.
2. Data Security and Compliance: Data theft has long been a concern, particularly for government agencies and industries handling sensitive information. Many organizations are reluctant to retire their IT assets due to the fear of data breaches, especially during the asset disposition process. However, advancements in IT asset disposition services, particularly in data destruction and security protocols, have alleviated these concerns. Companies in the ITAD market, such as NCS Global Services LLC, are setting up state-of-the-art facilities that comply with regulatory standards like the National Association for Information Destruction (NAID) AAA certification and ISO standards. In October 2022, NCS Global opened a new ITAD facility in Los Angeles, specifically designed to meet the data destruction needs of West Coast customers, thereby helping address security concerns and promoting the broader adoption of ITAD services.
3. Compliance with Regulations: Companies offering ITAD solutions must adhere to various national and international regulations surrounding e-waste management, data privacy, and environmental sustainability. By complying with standards such as NAID AAA and ISO, ITAD service providers can ensure a lower risk of data theft and a reduced environmental impact. Regulatory compliance helps build trust with businesses and government agencies, which in turn contributes to the growth of the ITAD market. As more organizations prioritize secure and eco-friendly IT asset disposal, demand for certified ITAD providers is expected to rise.

Gather more insights about the market drivers, restrains and growth of the IT Asset Disposition Market

Asset Type Segmentation Insights

Among the different asset types managed within the ITAD market, the smartphones tablets segment is poised to experience the highest growth over the forecast period. The consumption of mobile devices has surged globally, and this trend is evident in many regions, including India. For example, according to the Telecom Regulatory Authority of India (TRAI), the country had over 1.14 billion wireless telephone subscribers as of June 30, 2022. With such high usage rates, the volume of waste generated from smartphones and tablets has also increased, presenting significant challenges and opportunities for the ITAD industry.

Additionally, mobile phone wastage is projected to increase at an alarming rate. According to the Waste from Electrical and Electronic Equipment (WEEE) forum, a staggering 5.3 billion mobile phones were discarded globally in 2022 alone. WEEE also predicts that by 2030, electronic and electrical waste will escalate to 74 million metric tons annually, contributing to the growing need for IT asset disposition solutions.

To tackle this issue, companies in the ITAD market are expanding their services to include a wide variety of electronic devices, such as computers, laptops, tablets, mobile phones, point-of-sale (POS) devices, and office equipment. One prominent player, ERI, offers comprehensive ITAD solutions for multiple device types, helping manage and recycle e-waste efficiently. By maintaining equilibrium between the volume of e-waste generated and its proper disposition, the ITAD industry is expected to thrive in the coming years.

Challenges and Opportunities

While the ITAD market is poised for growth, several challenges persist. Data theft continues to be a significant concern, especially for industries and governments that handle sensitive information. However, with advancements in secure data destruction services, such concerns are being addressed, enabling the market to grow despite the challenges. Additionally, lack of awareness and regulatory frameworks in some regions still hampers market growth, but global initiatives to promote responsible e-waste management are gaining traction.

Moreover, the industry is witnessing increased innovation in ITAD processes, particularly in circular economy models, where end-of-life IT assets are either refurbished, reused, or recycled. Companies are focusing on lifecycle management and extending the usability of assets through recycling and recovery, further boosting market growth and contributing to sustainable practices.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.