Digital Circular Economy Market Poised for 28% Growth, Set to Hit $10 Billion by 2029

How Are the key drivers contributing to the expansion of the digital circular economy market?
The increasing awareness of e-waste is expected to drive the growth of the digital circular economy market. E-waste refers to discarded electronic devices that are no longer in use. Awareness of the harmful effects of improper e-waste disposal is rising due to environmental concerns and educational efforts. The digital circular economy aims to reduce e-waste by promoting the repair, reuse, and recycling of electronics. For example, the Global E-Waste Monitor 2024 from the United Nations Institute for Training and Research emphasized that if countries could increase e-waste collection and recycling rates to 60% by 2030, it would yield benefits worth over $38 billion. Therefore, the growing awareness of e-waste is driving the growth of the digital circular economy market.

Get Your Digital Circular Economy Market Report Here:
https://www.thebusinessresearchcompany.com/report/digital-circular-economy-global-market-report

What growth opportunities are expected to drive the digital circular economy market's CAGR through 2034?
The digital circular economy market has experienced rapid expansion, expected to grow from $2.9 billion in 2024 to $3.72 billion in 2025 at a CAGR of 28.2%. Key drivers include rising consumer demand for transparency, increased availability of green finance, higher demand for sustainable packaging solutions, corporate focus on sustainability metrics, and greater emphasis on circular design principles.

The digital circular economy market is set for exponential growth, reaching $9.99 billion by 2029 at a CAGR of 28.0%. This growth is fueled by cost reduction initiatives, a shift toward circular supply chains, increased investment in startups, a greater emphasis on resource efficiency, and the expansion of the sharing economy. Key trends include the integration of AI and IoT technologies, the development of digital twins, advancements in predictive maintenance, smart grid innovations, and robotics applications.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19398&type=smp

What are the emerging trends shaping the future of the digital circular economy market?
In the digital circular economy market, strategic partnerships are accelerating the shift toward a circular economy. In June 2023, SAP SE partnered with Versuni, a domestic appliance company, to leverage SAP's sustainability software. This partnership aims to promote a circular economy by using real-time data for setting sustainability goals, monitoring progress, and generating auditable ESG reports.

Which growth-oriented segments of the digital circular economy market are leading the industry's development?
The digital circular economymarket covered in this report is segmented -

1) By Offering: Software, Services
2) By Technology: Blockchain And Distributed Ledger Technology, Internet Of Things (IoT), Artificial Intelligence (AI) And Machine Learning (ML), Virtual Reality (VR) And Augmented Reality (AR), Virtual Reality (VR)-Based Training, Cloud Computing, Other Technologies
3) By Application: Supply Chain And Material Tracking, Resource Optimization And Efficiency, Digital Resale And Reuse, Reverse Logistics And Remanufacturing, Circular Economy Reporting And Compliance, Circular Waste Management And Recycling, Smart Material Selection And Testing, Other Applications
4) By End User: Consumer Electronics, Information Technology (IT) And Telecom, Automotive, Manufacturing, Construction And Building, Other End Users

Subsegments:
1) By Software: Circular Economy Management Platforms, Resource Tracking Software, Waste Management and Recycling Software, Product Lifecycle Management (PLM) Tools
2) By Services: Consulting Services, Implementation Services, Data Analytics and Reporting Services, Maintenance and Support Services

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19398

What regions are leading the charge in the digital circular economy market?
Europe was the largest region in the digital circular economy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital circular economy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the digital circular economy market?
Major companies operating in the digital circular economy market are Apple Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Dell Technologies Inc., Bosch GmbH, Hitachi Ltd., Siemens AG, Sony Group Corporation, Lenovo Group Limited, General Electric Company, International Business Machines Corporation, Panasonic Holdings Corporation, LG Corporation, Cisco Systems Inc., Oracle Corporation, Schneider Electric SE, Honeywell International Inc., Fujitsu Limited, SAP SE, Mitsubishi Electric Corporation, ABB Ltd., Hewlett Packard Enterprise Company, Nokia Corporation, Capgemini SE, Koninklijke Philips N.V., STMicroelectronics NV, Infineon Technologies AG

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=19398&type=smp

What Is Covered In The Digital Circular Economy Global Market Report?

•Market Size Forecast: Examine the digital circular economy market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the digital circular economy market for a structured understanding.
•Key Players Overview: Analyze major players in the digital circular economy market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital circular economy market.
•Segment Contributions: Evaluate how different segments drive overall growth in the digital circular economy market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital circular economy market.
•Industry Challenges: Identify potential risks and obstacles affecting the digital circular economy market.
•Competitive Landscape: Review strategic developments in the digital circular economy market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.