The IT asset disposition market is anticipated to grow at a CAGR of 7.4% between 2022 and 2032. It is anticipated that the market for selling IT assets will increase from US$ 15.6 billion in 2022 to US$ 31.8 billion in 2032. The industry increased 7.6% year over year between 2021 and 2022.
Despite being in great demand, digital forensics solutions are only available in SMEs due to a variety of reasons, including a lack of understanding, limited resources, budgetary restrictions, and others.
Additionally, issues like idle industrial facilities during a lockdown, a reduction in labor, a lack of raw materials, and others have hindered the market growth, which is anticipated to continue through the end of this year.
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Key takeaways from the IT Asset Disposition Market Report:
- The increasing cases of cyber threats and attacks in the government, law enforcement, and other sectors are resulting in higher adoption of digital forensics solutions all over the world
- Among the end users, the government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period
- North America digital forensics market will lead other regions during the forecast period
Rising Adoption of Artificial Intelligence Boosting Growth:
Since the past decade, artificial intelligence has been increasingly adopted by the digital forensics market to obtain more advanced results.
As artificial intelligence is highly efficient in locating and identifying relevant elements in video clips and pictures to spot the commonalities in time stamps, places, communications, and others, it is widely preferred by the digital forensics market across the globe.
With the increasing adoption of artificial intelligence, the digital forensics market is getting more efficient and fast in data investigation, data recovery, and other crucial parts of crime investigations.
As artificial intelligence is getting more widely popular, its increased adoption is expected to grow the global market further shortly.
COVID-19 Impact Analysis:
The outbreak of novel coronavirus outbreak in the current year has negatively impacted the global digital forensic market. Various restraining factors such as closed manufacturing units, scarcity of raw materials, unavailability of labor, economic crisis, and others have declined the market growth.
Despite facing decreased demand due to the ongoing pandemic, the global digital forensics market has a high potential to grow further.
According to FMI, the global market is expected to grow by both value and volume during the forecast period from the year 2020 to 2030.
Who is Winning?
The global digital forensics market has unlimited potential worth being utilized by the key market players. The top companies such as FireEye Inc., IBM Corporation, Micro Systemation AB, KPMG, and others are giving their best efforts to leverage the market potential.
For instance, FireEye Inc. has released its new digital forensics and incident response for PLCs to effectively respond to attacks against Industrial Control Systems (ICS).
Recently, KPMG has come up with its dedicated forensic technology lab for the recovery and use of critical digital evidence to support investigations and litigation.
IBM Corporation has launched its extensive range of digital evidence management and saving solutions to provide fast actions during the investigation.
Leading Key Players:
- Hewlett Packard Enterprise (HPE)
- Dell Technologies
- IBM
- Sims Limited
- Iron Mountain
- CompuCom
- 3stepIT
- TES
- Apto Solutions
- LifeSpan International
- Total IT Global
- OceanTech
- BRP Infotech
- Curvature
- TBS Industries
- Ingram Micro
- Inrego
- Atea
- Renewtech
- Blancco Technology
- Prolimax
- EOL IT Services
- Flex IT Distribution
- CSI Leasing
- CHG Meridian Group
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More Valuable Insights on the Digital Forensics Market:
In the latest report by Future Market Insights, we offer an unbiased analysis of the global digital forensics market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2022-2030.
IT Asset Disposition Market Segmentation:
By Service:
- IT Asset De-Manufacturing and Recycling
- IT Asset Remarketing and Value Recovery
- IT Asset Data Destruction/Data Sanitization
- On-site Data Destruction
- Off-site Data Destruction
- IT Asset Logistics Management and Reverse Logistics
- Other Services
- On-site Equipment Audit Solution
- Online Client’s Portal
By Asset Type:
- Computers/Laptops Disposition
- Servers Disposition
- Mobile devises Disposition
- Storage devises Disposition
- Peripherals Disposition
- Networking Devices
- I/O Devices
IT Asset Disposition by Organization Size:
- IT Asset Disposition for SMEs
- IT Asset Disposition for Large Enterprise
By End User:
- IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
- IT Asset Disposition in IT and Telecom
- IT Asset Disposition in Educational Institutions
- IT Asset Disposition in the Healthcare Industry
- IT Asset Disposition in Aerospace and Defense
- IT Asset Disposition in Public Sector and Government Offices
- IT Asset Disposition in Manufacturing
- IT Asset Disposition in Media and Entertainment
- IT Asset Disposition in Other Industries
- Energy and Utility
- Construction and Real Estate
- Logistics and Transportation
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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