Press release
Digital Circular Economy Market Valued US$ 15.88 Billion and Projected Grow at 24.4% CAGR by 2032
New York, April 02, 2024 (Polaris Market Research) According to a new market research report published by Polaris Market Research, the global Digital Circular Economy Market is expected to grow at a CAGR of 24.4% from 2024 to 2032. Growing research studies and rising familiarity with digital circular economy tools are anticipated to drive market expansion.The concept of circular economy has gained significant traction in recent times. Put simply, a circular economy is an economic system that's based on the reuse and regeneration of materials or products. It uses processes such as reuse, refurbishment, recycling, and composting to keep materials in circulation for the longest time possible. The concept of circular economy is based on three main principles, which include eliminating waste and pollution, circulating products and materials, and regenerating nature. A digital circular economy takes the help of novel technologies such as AI, blockchain, and data analytics to enhance resource allocation and improve the tracking and management of raw materials.
The global digital circular economy market was valued at USD 2.22 billion in 2023 to USD 15.88 billion by 2032, revealing a CAGR of 24.4% during the forecast period of 2024 to 2032.
The market is witnessing robust growth, owing to the increasing emphasis on reaching sustainable development goals. Besides, the rising e-waste due to the increased accessibility of consumer electronics is another factor supporting the development of the industry.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/digital-circular-economy-market/request-for-sample
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข The market for digital circular economy is primarily segmented based on offering, technology, application, vertical, and region.
โข By offering analysis, the Product Lifecycle Management (PLM) Software segment is expected to witness the highest growth as it enables manufacturers to monitor products throughout their lifecycle.
โข By technology analysis, the IoT segment accounted for the largest market share as it can offer optimized and traceable management of resources.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
โข Anthesis Group
โข AWS
โข Capgemini
โข Cisco
โข Dassault Systemes
โข GeoFluxus
โข Honeywell
โข IBM
โข iPoint Systems
โข Ingram Micro
โข KPMG
โข Landbell Group
โข Lenzing
โข Oracle
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/Homecontroller/buyReport
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐
โข Software
โข Supply Chain Management (SCM) Software
โข Product Lifecycle Management (PLM) Software
โข Blockchain And Traceability Software
โข Circular Design And Prototyping Software
โข 3D Printing Software
โข Sharing & Machining Software
โข Others
โข Services
โข Circular Economy Strategy Consulting Services
โข Sustainability & Environmental Consulting Services
โข Supply Chain Optimization Services
โข Product-as-a-Service
โข Recycling & Regulatory Compliance Services
โข Other
๐๐ฒ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ
โข Blockchain And Distributed Ledger Technology (DLT)
โข IoT
โข AI & ML
โข AR & VR
โข VR-Based Training
โข Cloud Computing
โข Big Data Analytics
โข Other Technologies
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐ฅ๐ข๐๐ค ๐ก๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/digital-circular-economy-market
๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐๐ข๐ซ๐๐ฎ๐ฅ๐๐ซ ๐๐๐จ๐ง๐จ๐ฆ๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข Product Lifecycle Management (PLM) software segment is anticipated to witness the highest growth in the coming years due to its optimal resource management.
โข IoT segment accounted for the largest market share owing to the increased ability ensure transparent resource utilization.
โข Digital re-sale & re-use segment is projected to experience a larger revenue share due to the value creation of used items.
โข Asia Pacific is expected to have the fastest growth owing to increasing government investments to promote the green economy.
โข The global players include Anthesis Group, AWS, Capgemini, Cisco, Dassault Systemes, GeoFluxus, Honeywell, IBM, iPoint Systems, & Ingram Micro.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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