Opportunities in the secondary IT Market

What is the secondary IT market?

The secondary IT market refers to the buying and selling of previously owned or used information technology (IT) equipment, such as computers, servers, networking devices, storage devices, and other electronic devices. This market is also known as the used or refurbished IT market.

In this market, used or surplus IT equipment is bought and resold by companies, brokers, or individuals. These sellers may obtain used equipment through various means, including company upgrades, data center closures, or other technology refresh cycles. Buyers may include businesses, educational institutions, or individuals seeking to purchase IT equipment at a lower cost than buying new.

The secondary IT market is an important segment of the overall IT industry, as it provides a cost-effective way for businesses to acquire IT equipment and for sellers to dispose of surplus equipment. However, buyers need to be aware of the potential risks associated with buying used equipment, such as compatibility issues, outdated technology, and lack of warranties or technical support.

Are used computers sustainable?

Used computers can be a sustainable option, as they help reduce electronic waste and extend the life of electronic equipment. By buying used computers instead of new ones, individuals and businesses can reduce the demand for new electronic equipment, which can help conserve natural resources and reduce the environmental impact of electronic manufacturing.

However, it's important to note that not all used computers are sustainable. Some used computers may have been discarded by their original owners because they were outdated or no longer functional, and they may not be repairable or suitable for reuse. In addition, transporting used computers can contribute to carbon emissions and other environmental impacts.

To ensure that used computers are a sustainable option, buyers should consider several factors, such as the age and condition of the computer, its energy efficiency, and its compatibility with modern software and hardware. They should also consider the seller's reputation and track record, and ensure that the seller has taken steps to erase any sensitive data that may be on the computer.

Ultimately, the sustainability of used computers depends on how they are sourced, refurbished, and used. With proper care and attention, used computers can be a sustainable and cost-effective option for individuals and businesses.

How big is the secondary IT market?

The size of the secondary IT market can vary depending on factors such as the types of products sold, geographic location, and economic conditions. However, the secondary IT market is generally considered to be a significant and growing segment of the overall IT industry.

According to a report by Allied Market Research, the global used and refurbished IT equipment market was valued at $19.46 billion in 2019 and is projected to reach $32.2 billion by 2027, growing at a compound annual growth rate (CAGR) of 6.8% from 2020 to 2027.

This growth is attributed to various factors, such as the increasing adoption of cloud computing and virtualization technologies, which are leading to more frequent upgrades and replacements of IT equipment. In addition, the rising awareness of e-waste and environmental sustainability is driving demand for refurbished and used IT equipment.

It's important to note that this market is made up of various types of products, such as servers, storage devices, networking equipment, and personal computers, among others. The size of the market for each of these products can vary significantly. Additionally, the size of the secondary IT market can be affected by various factors, such as the availability of new products, the rate of technological innovation, and the preferences and budgets of buyers.

Who are the main players in the secondary IT market?

The secondary IT market is a diverse and complex industry with a wide range of players, including both companies and individuals. Here are some of the main players in the secondary IT market:

1. Resellers: These are companies or individuals who purchase used IT equipment and then sell it to end-users, such as businesses or individuals.
2. Brokers: These are companies or individuals who act as intermediaries between sellers and buyers of used IT equipment. They may help sellers find buyers for their equipment, and help buyers find the equipment they need.
3. Refurbishers: These are companies that specialize in refurbishing used IT equipment. They may repair and upgrade equipment to make it function like new, and may also provide warranties and technical support to buyers.
4. Auctioneers: These are companies or individuals who facilitate the sale of used IT equipment through auctions, either in-person or online.
5. Online marketplaces: There are a number of online marketplaces that specialize in the sale of used IT equipment, such as eBay, Amazon, and Craigslist.
6. Original equipment manufacturers (OEMs): Some OEMs also participate in the secondary IT market by offering buyback or trade-in programs for their own equipment. They may then refurbish and resell the used equipment.
7. Recycling companies: These companies specialize in the proper disposal and recycling of used IT equipment, which can help reduce e-waste and recover valuable materials.

These are just a few examples of the main players in the secondary IT market, and the specific players and their roles can vary depending on the location and type of equipment involved.

Are jobs available in the secondary IT market?

Yes, there are job opportunities available in the secondary IT market, as it is a growing and dynamic industry. The types of jobs available can vary depending on the specific area of the secondary IT market, but some examples of potential jobs include:

1. Sales representatives: These are individuals who work for resellers, brokers, or other companies in the secondary IT market, and are responsible for selling used IT equipment to customers.
2. Technicians: These are individuals who specialize in repairing, refurbishing, or upgrading used IT equipment. They may work for refurbishers or other companies in the secondary IT market.
3. IT asset managers: These are individuals who manage the lifecycle of IT equipment, including the disposal and sale of used equipment. They may work for businesses or organizations that regularly upgrade their IT equipment.
4. E-waste recyclers: These are individuals who work for companies that specialize in the proper disposal and recycling of used IT equipment.
5. Online marketplace specialists: These are individuals who specialize in managing the sale of used IT equipment through online marketplaces, such as eBay or Amazon.
6. Logistics and transportation specialists: These are individuals who are responsible for the transportation and delivery of used IT equipment between buyers and sellers.

These are just a few examples of the types of jobs available in the secondary IT market. As the industry continues to grow, new job opportunities may emerge as well.

Peter Auwerx, chatting with chatGPT