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IT Asset Disposition Market to grow by USD 14.85 Billion (2024-2028), driven by stricter data security regulations, with AI driving market transformation – Technavio

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NEW YORK, Dec. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global IT asset disposition (ITAD) market size is estimated to grow by USD 14.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.48%  during the forecast period. Growing implementation of regulatory compliances regarding data security is driving market growth, with a trend towards increasing strategic partnerships and acquisitions by vendors. However, low awareness of itad  poses a challenge. Key market players include 3 Step IT Group Oy, Apto Solutions Inc., Blancco Technology Plc, BRP Infotech Pvt. Ltd., CompuCom Systems Inc., DataSpan Inc., Dell Technologies Inc., EOL IT Services Ltd., Hewlett Packard Enterprise Co., Ingram Micro Inc., International Business Machines Corp., Iron Mountain Inc., LifeSpan International Inc., Ocean Enterprises LLC, Renewtech, Sims Ltd., SK Inc., TBS Industries Inc., Total IT Global, and Xeptor BV.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

IT Asset Disposition (ITAD) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.48%

Market growth 2024-2028

USD 14.85 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.96

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, India, Germany, and UK

Key companies profiled

3 Step IT Group Oy, Apto Solutions Inc., Blancco Technology Plc, BRP Infotech Pvt. Ltd., CompuCom Systems Inc., DataSpan Inc., Dell Technologies Inc., EOL IT Services Ltd., Hewlett Packard Enterprise Co., Ingram Micro Inc., International Business Machines Corp., Iron Mountain Inc., LifeSpan International Inc., Ocean Enterprises LLC, Renewtech, Sims Ltd., SK Inc., TBS Industries Inc., Total IT Global, and Xeptor BV

Market Driver

The IT Asset Disposition (ITAD) market is experiencing significant trends with a focus on data security, environmental protection, and regulatory compliance. NAID AAA and ISO standards ensure secure data destruction and responsible recycling. Asset recovery through data destruction, lifecycle management services, and reverse logistics are major drivers. Personally Identifying Information (PII) protection is crucial in cloud-based computing and data centers. ERI, Iron Mountain Incorporated, and Homeboy Recycling lead the ITAD industry, addressing old assets from IT & telecom segments. Regulatory requirements, such as HIPAA security rule, pose obstacles, but comprehensive ITAD programs help organizations navigate these challenges. The evolution of technologies, including cloud migration, data center consolidation, virtualization, and cloud adoption, impacts ITAD. Apple, a key player, data security. Major drivers include regulatory compliances, environmental safety, and legislation addressing e-waste. Investments in cloud-based technologies and new technologies like online auction platforms segment the ITAD market. Asset types include computers, Mobile Devices, Servers, Digital Storage Devices, Peripherals, and various services like Data Destruction, Recycling, Reverse Logistics, De-Manufacturing, and Remarketing. The Data Destruction segment dominates, with verticals like Aerospace & Defense and Energy and Power requiring specialized services. IOS 15 and other new technologies influence the market. Organizations must adapt to these trends and work processes to effectively manage IT equipment and ensure data security and environmental protection.

Vendors in the IT Asset Disposition (ITAD) market are expanding their global reach and enhancing their competitive positions through strategic moves such as mergers and acquisitions, partnerships, and collaborations. For instance, IBM Corp. Bought SXiQ, an Australian digital transformation services company, in November 2021, to broaden its cloud offerings. Similarly, Hewlett Packard Enterprise Co. Acquired Ampool in July 2021, to boost its hybrid analytics capabilities. In August 2020, CompuCom Systems Inc. Teamed up with Office Depot to offer IT hardware and services to small and mid-sized businesses in the US, supporting their remote workplaces. These deals demonstrate the industry’s ongoing consolidation and collaboration trends.

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Market Challenges

The IT Asset Disposition (ITAD) market is experiencing significant growth due to the increasing need for organizations to manage their old IT equipment in an environmentally responsible and secure manner. Challenges in this market include adhering to regulatory requirements such as NAID AAA and ISO standards for data destruction and asset recovery. Personally Identifying Information (PII) and data security are major concerns, especially with the rise of cloud-based computing and cloud migration. Data centers, ERI, and IT & telecom segments are key areas of focus, with data center consolidation, virtualization, and cloud adoption driving demand for ITAD services. Major drivers include regulatory compliances like HIPAA security rule, environmental safety, and legislation against e-waste. Major players in the ITAD market include Iron Mountain Incorporated and Homeboy Recycling. Asset types such as computers, mobile devices, servers, digital storage devices, and peripherals are all part of the ITAD market segmentation. Services offered include data destruction, recycling, reverse logistics, de-manufacturing, remarketing, and lifecycle management services. The evolution of technologies like cloud-based computing and new technologies pose obstacles to the ITAD industry, but comprehensive ITAD programs can help organizations navigate these challenges. Apple, for instance, has implemented strict data security measures for its iOS 15 devices. The Data Destruction segment is expected to dominate the market due to the increasing importance of data security. Investments in ITAD market are expected to grow, driven by the need for organizations to stay compliant with regulatory requirements and ensure environmental protection. Online auction platforms are also playing a role in the ITAD market, providing organizations with an additional revenue stream for their old assets. Overall, the ITAD market is a complex and dynamic industry that requires organizations to stay up-to-date with the latest technologies, work processes, and regulatory requirements to effectively manage their IT equipment and ensure data security and environmental safety.IT assets reach the end of their lifecycle and must be disposed of in an appropriate manner. Compliance with regulations and environmental concerns is crucial. Some companies opt for third-party IT asset disposition services, but it’s essential to ensure these providers follow proper procedures and maintain accountability. Neglecting IT asset disposal responsibly can lead to potential data security risks and environmental hazards. Companies must establish clear guidelines and processes for IT asset disposal to mitigate these risks. Proper IT asset disposition involves secure data destruction, responsible recycling, and adherence to all relevant regulations.

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Segment Overview

This it asset disposition (itad) market report extensively covers market segmentation by

Industry Application1.1 Large organizations1.2 Small organizationsType 2.1 Computers2.2 Mobile devices2.3 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Large organizations-  Large organizations face the challenge of managing complex IT infrastructures with a high volume of diverse equipment and significant amounts of sensitive data. With frequent technology upgrades and refresh cycles, a substantial number of IT assets are retired regularly. Securely disposing of these assets is essential to prevent data breaches and adhere to strict data privacy regulations. IT Asset Disposition (ITAD) services provide a scalable solution for managing the efficient disposal of large volumes of equipment. Outsourcing ITAD services to specialized providers ensures a streamlined and secure process, driving demand for these services among large enterprises. This demand is expected to positively impact the growth of the global ITAD market during the forecast period.

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Research Analysis

The IT Asset Disposition (ITAD) market is a critical segment of the tech industry, focusing on the proper disposal and recycling of end-of-life IT equipment. ITAD services include asset recovery, data destruction, and lifecycle management. ISO standards ensure adherence to strict guidelines for data security and environmental protection. With the rise of cloud-based computing, data centers are downsizing, leading to an influx of old assets. Personally Identifying Information (PII) must be securely erased to comply with regulations like HIPAA. ERI, Netflix, and Amazon are among the companies leveraging ITAD services. Consolidation and BYOD trends drive the need for comprehensive ITAD programs. Energy-efficient products and IT lifecycle solutions are essential as technologies evolve. Obstacles include regulatory requirements and data security concerns. Las Vegas facility tours showcase best practices. The industry continues to adapt to cloud migration and the evolution of technologies.

Market Research Overview

The IT Asset Disposition (ITAD) market is a critical segment of the tech industry, focusing on the proper disposal and repurposing of IT equipment and technologies. ITAD services include asset recovery, data destruction, lifecycle management, and regulatory compliance. With the evolution of technologies such as cloud-based computing, data centers, and virtualization, the ITAD market is experiencing significant growth. Data security and environmental protection are major drivers in the ITAD industry, with NAID AAA and ISO standards ensuring the secure and responsible handling of Personally Identifying Information (PII) and other sensitive data. Regulatory requirements, such as HIPAA security rules, also play a role in the market. Obstacles to the ITAD market include consolidation in the industry, cloud migration, and data center decommissioning. However, new technologies, such as cloud-based ITAD solutions and online auction platforms, are helping to address these challenges. The ITAD market is segmented by asset type, including computers, mobile devices, servers, digital storage devices, peripherals, and services like data destruction, recycling, reverse logistics, de-manufacturing, and remarketing. Major industries served include Aerospace & Defense, Energy and Power, and the IT & telecom segment. Major players in the ITAD market include ERI, Iron Mountain Incorporated, and Homeboy Recycling, among others. The market is also impacted by legislation, such as e-waste regulations, and investments in new technologies, such as cloud-based ITAD solutions and new data destruction methods. Apple’s recent announcement of iOS 15 includes new features for data security and privacy, further emphasizing the importance of ITAD services in the tech industry. Overall, the ITAD market is expected to continue growing as organizations seek to manage their IT equipment and data securely and responsibly.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Industry ApplicationLarge OrganizationsSmall OrganizationsTypeComputersMobile DevicesOthersGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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