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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.

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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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SOURCE Technavio

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Sungrow Unveils Full-Scenario Solution to Address Emerging Global Energy Challenges

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HEFEI, China, April 27, 2026 /PRNewswire/ — Sungrow, the globally leading PV inverter and energy storage system (ESS) provider, presented its full-scenario solution at Sungrow GRES (Global Renewable Energy Summit) 2026 on April 24th, outlining how integrated energy solutions can address the surging power demands and structural challenges facing industries worldwide.

Sectors such as mining & microgrid, hydrogen production, and EV charging are expanding at an unprecedented speed, with power supply becoming increasingly critical. According to third-party analysis, combined annual electricity demand from these sectors is expected to reach 4,000 TWh by 2030, while the power costs have already become a major operational challenge.

Despite a shared demand for reliable and affordable electricity, each industry faces unique pain points. Additionally, the wide divergence in operating environments, grid strength, load conditions, and power quality requirements underscores the need for scenario-specific energy solutions. Sungrow believes that premium, customized energy solutions are essential to addressing the diverse needs of different scenarios.

Customized Designs for Full-Scenario Applications
AIDC Scenario
In the digital era, rapid advances in AI are driving a surge in data center power demand, calling for a next-generation power supply architecture defined by high efficiency, high density, and strong resilience. Leveraging its expertise in power electronics and renewable energy, Sungrow entered the AIDC (Artificial Intelligence Data Center) sector last year with a comprehensive grid-to-chip solution. This year, Sungrow will launch a dedicated SST (Solid-State Transformers) solution for data centers, significantly reducing footprint while improving efficiency. Sungrow will also integrate grid-forming technology in AIDC ESS to mitigate grid disturbances and enhance system stability.

Mining Microgrid Scenario
Most mines are located in remote areas with limited grid access, complex loads, and strict power stability requirements, making energy supply a significant challenge. Sungrow addresses this with an integrated PV–wind–storage–EV charger–controller solution, reducing energy costs by 20–50% compared with a diesel generator. Given the variability of mining loads, Sungrow leverages advanced simulation capabilities to deliver tailored solutions with optimized equipment configurations, ensuring a reliable power supply and reduced CAPEX. Moreover, a five-level progressive protection system further safeguards stable operations under extreme conditions.

PV-ESS-EV Charging Integrated Scenario
Many EV charging projects suffer from poor coordination among system components, resulting in underperformance and reduced returns. Sungrow addresses this challenge with a one-stop, fully integrated solution that enables deep synergy across equipment and incorporates AI-driven operations, increasing overall revenue by more than 50%. Meanwhile, grid-forming technology has been extended to C&I applications to mitigate grid fluctuations caused by large-scale ultra-fast charging. In addition, Sungrow’s systems enable seamless integration with VPPs (Virtual Power Plants) through unified interfaces, unlocking greater value through diversified, future-ready revenue streams.

Hydrogen Production Scenario
In hydrogen production applications, Sungrow optimizes equipment configuration, reducing CAPEX by over 20% through PV–wind–storage–hydrogen integration and system-level simulation. In parallel, PV–storage–hydrogen DC coupling and flexible production technologies enhance energy efficiency and lower electricity costs by more than 10%.

Powering the Next Phase of Energy Transition
Renewable energy is shifting from a supplementary resource to a primary power source. This transition drives demand for premium energy solutions built on multi-energy integration for cost-efficient power, systematic grid-forming technologies for enhanced stability, and customized designs tailored to diverse scenarios. Sungrow believes that the deep integration of premium products and proven expertise is key to delivering truly scenario-adapted solutions.

Looking ahead, Sungrow will continue to build a more flexible, resilient, and sustainable energy landscape, helping industries meet growing energy demand and accelerate the transition to a low-carbon future.

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of Dec 2025, Sungrow has installed over 1000 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experiences. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en

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Sumsub Recognized as Leader in Chartis RiskTech Quadrant for Enterprise Fraud Solutions 2026

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Building on consistent Chartis recognition across fincrime, identity, and compliance reports for the third consecutive year

LONDON, April 27, 2026 /PRNewswire/ — Sumsub, a global verification and anti-fraud leader, has been recognized as a Category Leader in the Chartis RiskTech Quadrant® for Enterprise Fraud Solutions* 2026. The report evaluates vendors based on the completeness of their offering and its market potential, positioning Sumsub among the top providers addressing increasingly sophisticated fraud threats faced by enterprises worldwide.

The 2026 recognition builds on a consistent track record in Chartis research. In 2024, Sumsub was acknowledged in the same category, as well as received two further recognitions as a Category Leader in RiskTech Quadrant for AML Transaction Monitoring Solutions and for its Best-in-Class Capabilities for Application Fraud and Identity Risk. In 2025 Sumsub was named Winner in Chartis Financial Crime and Compliance 50. Together, these placements reflect Sumsub’s sustained performance across identity verification, fraud prevention, and compliance.

“Sumsub has shown itself to be a strong cross-functional player, with Category Leader, Enterprise Solution and Best of Breed positions respectively in our Enterprise, Fraud Platforms, and Payment Fraud RiskTech Quadrants,” said Phil Mackenzie, Senior Research Principal at Chartis. “Its identity-centric approach is a clear differentiator, combining identity signals with performant real-time fraud signals – making it particularly appropriate for digital-first financial institutions and cross-border use cases.”

“Being recognized again as a Category Leader by Chartis reflects our ongoing focus on delivering reliable, scalable solutions that help businesses stay ahead of evolving risks”, added Andrew Sever, CEO and co-founder of Sumsub. “As fraud is becoming more complex and AI-driven, with the share of sophisticated multi-step attacks having increased by 180% over 2024-2025, we remain committed to equipping companies with the tools they need to safeguard trust, meet regulatory requirements, and grow securely.”

Sumsub’s recognition is underpinned by its advanced Fraud Prevention solution, which combines AI-powered anomaly detection, device intelligence, and behavior monitoring to identify and stop fraud across the entire user journey in real time. Alongside its technology offering, the company invests in industry education through the Sumsub Academy: its recently-launched Fraud Prevention course equips risk and compliance professionals with practical knowledge and frameworks to combat evolving fraud threats.

To learn more about 2025-2026 fraud trends and predictions, feel free to check the latest edition of Sumsub Identity Fraud Report here: https://sumsub.com/fraud-report-2025/.

Chartis Research is a leading provider of research and analysis on the global market for risk technology. Its RiskTech Quadrant® reports are widely regarded as an industry benchmark, offering an independent assessment of vendors’ capabilities, market presence, and strategic direction across key risk and compliance categories.

To access the full Chartis RiskTech Quadrant® for Enterprise Fraud Solutions 2026 report, please go to their website.

*Enterprise Solutions Description:

The Enterprise Solutions category covers vendors that deliver scalable platforms capable of supporting fraud and financial crime risk management across large, complex financial organizations. These solutions typically cover data ingestion, analytics, and case management within a unified architecture, enabling controls across multiple business lines, geographies, and channels. Key differentiators include coverage of fraud typologies (including advanced or proprietary techniques, behavioral modelling and libraries of pre-packaged rules), modelling and testing capabilities, and the overall infrastructure of the solution including deployment options, flexible workflow and case management.

About Sumsub

Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring—quickly adjusting to evolving risks, regulations, and market demands.

Recognized as a Leader by Gartner, Forrester, and IDC, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.

Over 4,000 clients—including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo—trust Sumsub to streamline verification, prevent fraud, and drive growth. The platform’s methodology follows leading global AML standards and regulations, and Sumsub has extensively engaged with leading research and public institutions like the UN, Statista, and INTERPOL.

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TeamViewer Advances Toward Autonomous Endpoint Management: Tia Now Generates Automations From Customers’ Own Proven Fixes

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LONDON, April 27, 2026 /CNW/ — TeamViewer today introduced AI-driven scripting for Tia (TeamViewer Intelligent Agent) at the Gartner Digital Workplace Summit 2026 in London. Building on more than one million AI session summaries produced since launch, Tia can now learn from an organization’s support history and turn resolved issues into ready-to-run automations, giving IT teams a faster, more consistent path to standardizing proven fixes. The release marks an important milestone in TeamViewer’s Autonomous Endpoint Management (AEM) roadmap.

The new capabilities address one of IT’s most persistent inefficiencies: even when issues are resolved, the applied fixes are rarely captured in a way that prevents the same problem from recurring. Tia now tackles this in two connected steps: First, it draws on AI insights from real support sessions to ground its troubleshooting recommendations in an organization’s actual support history and context, surfacing proven remediation steps from past sessions rather than relying on general knowledge. From there, IT teams can choose to turn any resolved session into a script that Tia generates based on the documented remediation steps. The automation is then ready for the team to review and refine before deploying it to selected devices or device groups.

The release reflects how TeamViewer is building out its AEM vision in stages through TeamViewer ONE, its unified digital workplace platform: from secure remote support and real-time endpoint observability to in-session AI expert augmentation and knowledge capture, and now to AI-driven automations grounded in proven fixes. Each resolved incident makes the next one easier to prevent, as AI sessions and endpoint telemetry combine to surface recurring patterns across the IT environment. Where remote support platforms, DEX tools, and RMM solutions each address parts of this challenge in isolation, Tia connects them, grounding every automation in verified remediation steps drawn from the customer’s own support history and relevant context.

“IT teams are under pressure to do more with the resources they have, and too much of their time is still spent resolving the same issues over and over,” said Mei Dent, Chief Product & Technology Officer, TeamViewer. “Tia’s new capabilities mean that every resolved incident becomes an asset: one that can be tested, deployed, and used to protect other devices from the same disruption. That is what consistent, scalable IT operations en route to AEM looks like in practice.”

TeamViewer is unveiling the innovation at the Gartner Digital Workplace Summit 2026 in London, where the company is also presenting two sessions: “Building the Autonomous Workplace with a DEX Knowledge Layer” on April 28, and “The Top 3 DEX Myths Sabotaging Your Digital Strategy” on April 27. Attendees can visit TeamViewer at Expo Booth 207 or the Engagement Zone in the foyer on Level 1.

About TeamViewer

TeamViewer provides a Digital Workplace platform that connects people with technology – enabling, improving and automating digital processes to make work work better.

In 2005, TeamViewer started with software to connect to computers from anywhere to eliminate travel and enhance productivity. It rapidly became the de facto standard for remote access and support and the preferred solution for hundreds of millions of users across the world to help others with IT issues. Today, more than 635,000 customers across industries rely on TeamViewer to optimize their digital workplaces – from small to medium sized businesses to the world’s largest enterprises – empowering both desk-based employees and frontline workers.

Organizations use TeamViewer’s solutions to prevent and resolve disruptions with digital endpoints of any kind, securely manage complex IT and industrial device landscapes, and enhance processes with augmented reality powered workflows and assistance – leveraging AI and integrating seamlessly with leading tech partners. Against the backdrop of global digital transformation and challenges like shortage of skilled labor, hybrid working, accelerated data analysis and the rise of new technologies, TeamViewer’s solutions offer a clear value add by increasing productivity, reducing machine downtime, speeding up talent onboarding, and improving customer and employee satisfaction.

The company is headquartered in Göppingen, Germany, and employs around 1,900 people globally. In 2025, TeamViewer achieved a revenue of around EUR 768 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the SDAX. Further information can be found at www.teamviewer.com.

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SOURCE TeamViewer Germany GmbH

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