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Digital Circular Economy Market worth $12.74 billion by 2030, growing at a CAGR of 23.66% - Exclusive Report by 360iResearch
Digital Circular Economy Market | 360iResearch
The Global Digital Circular Economy Market to grow from USD 2.88 billion in 2023 to USD 12.74 billion by 2030, at a CAGR of 23.66%.
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Digital Circular Economy (DCE) refers to integrating innovative digital technologies within the traditional circular economy framework to maximize the lifecycle of resources and minimize ecological footprint. The DCE is widely used in waste management, agriculture, manufacturing, and energy systems for extending product life, sharing platforms, resource recovery, and implementing product-as-service systems. Growing focus on waste reduction and sustainability and demand for business models that deliver superior customer value while minimizing resource outflows are accelerating the deployment of DCEs across end-use industries. However, a lack of awareness about DCE and technological inaccessibility may hinder their adoption by the end-use sectors. Moreover, improved digital technologies for waste tracking and management, data analytics for predictive maintenance, and blockchain for supply chain transparency are anticipated to propel the use of digital circular economy solutions by the end-use sectors across the globe.
The Digital Circular Economy market is evolving in the Americas owing to the growing interest in innovative ways of waste management and research focusing on generating value from waste, largely attributed to the technological advancements in machine learning. The Asia-Pacific region, comprising major economies including China, Japan, and India, has demonstrated robust progress in their conception and application of digital circular economy principles due to increasingly prioritizing eco-friendly purchases and several businesses specializing in waste management and recycling. The European Union has been at the forefront of circular economy implementation, with policies such as the EU Circular Economy Action Plan emphasizing sustainable processes throughout product life cycles. The Middle East region, though still nascent in circular economy principles, is gradually moving towards more sustainable models. Africa is witnessing a growing interest in sustainable practices, committed to becoming a zero-waste nation and driving more investments in the digital circular economy. Besides, ongoing research and development of innovative digital circular economy platforms are anticipated to propel their deployment across the end-use sectors globally.
Market Segmentation & Coverage:
This research report categorizes the Digital Circular Economy Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Services and Software. The Services is further studied across Circular Economy Strategy Consulting Services, Product-as-a-Service, Recycling & Regulatory Compliance Services, Supply Chain Optimization Services, and Sustainability & Environmental Consulting Services. The Software is further studied across 3D Printing Software, Blockchain And Traceability Software, Circular Design & Prototyping Software, Product Lifecycle Management (PLM) Software, Sharing & Machining Software, and Supply Chain Management (SCM) Software. The Services is projected to witness significant market share during forecast period.
Based on Technology, market is studied across Al & ML, AR & VR, Big Data Analytics, Blockchain, Cloud Computing, and IoT. The IoT is projected to witness significant market share during forecast period.
Based on Application, market is studied across Circular Economy Reporting And Compliance, Circular Waste Management And Recycling, Digital Resale And Reuse, Resource Optimization And Efficiency, Reverse Logistics And Remanufacturing, Smart Material Selection & Testing, and Supply Chain And Materials Tracking. The Reverse Logistics And Remanufacturing is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Automotive, Construction & Building, Consumer Electronics, Energy & Utilities, Healthcare & Medical Devices, IT & Telecom, and Manufacturing. The Automotive is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.57% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Digital Circular Economy Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Digital Circular Economy Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Digital Circular Economy Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Anthesis Consulting Group, Capgemini Services SAS, Cisco Systems, Inc., CSCS Ltd., Dassault Systemes S.E., geoFluxus B.V., Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, iPoint-systems gmbh, KPMG International Limited, Landbell AG für Rückhol-Systeme, Lenzing AG, numi.circular, One Click LCA Ltd., Oracle Corporation, PricewaterhouseCoopers International Limited, QBE-ProSense GmbH, Ridgelinez Co., Ltd. by Fujitsu Limited, SAP SE, Siemens AG, Software AG, Suez Group, Treeni Sustainability Solutions, TÜV SÜD South Asia Pvt. Ltd., and UL LLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Circular Economy Market, by Offering
7. Digital Circular Economy Market, by Technology
8. Digital Circular Economy Market, by Application
9. Digital Circular Economy Market, by Vertical
10. Americas Digital Circular Economy Market
11. Asia-Pacific Digital Circular Economy Market
12. Europe, Middle East & Africa Digital Circular Economy Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Digital Circular Economy Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digital Circular Economy Market?
3. What is the competitive strategic window for opportunities in the Digital Circular Economy Market?
4. What are the technology trends and regulatory frameworks in the Digital Circular Economy Market?
5. What is the market share of the leading vendors in the Digital Circular Economy Market?
6. What modes and strategic moves are considered suitable for entering the Digital Circular Economy Market?
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