디지털 순환경제 (Digital Circular Economy) 시장조사 보고서

Report Overview

The digital circular economy market is projected to grow from USD 2.2 billion in 2023 to USD 6.7 billion by 2028, at a compound annual growth rate (CAGR) of 24.3% during the forecast period. The growth of the digital circular economy market is primarily driven by rising awareness of reducing e-waste, increasing regulatory pressure from governments to comply with sustainable practices, and infusion of AI with recycling techniques to enhance resource reutilization.

“By offering, service segment is expected to register the fastest market growth rate during the forecast period”
The services segment in the digital circular economy market is poised for the fastest growth rate, majorly propelled by a surge in demand for consulting, advisory, and implementation services as the complexity of implementing digital circular economy strategies necessitates specialized expertise. Companies are increasingly seeking guidance to navigate the integration of technologies like AI, IoT, and blockchain into their circular practices. Additionally, the dynamic nature of technology and sustainability regulations requires ongoing support and updates, making services a crucial component for sustained success.

“By technology, IoT segment is expected to account for the largest market share during the forecast period”
The IoT technology segment is anticipated to dominate the digital circular economy market, primarily due to its instrumental role in enhancing visibility, traceability, and efficiency across circular processes. IoT facilitates real-time monitoring and data collection throughout the product lifecycle, enabling seamless tracking of resources, from production to disposal. This level of connectivity optimizes supply chains, promotes responsible consumption, and supports circular practices such as recycling and remanufacturing. As industries increasingly prioritize sustainability, the demand for IoT-enabled solutions to monitor and manage resource flows grows substantially.

“By Region, Asia Pacific is slated to grow at the fastest rate and Europe to have the largest market share during the forecast period”
APAC is expected to witness the fastest growth in the digital circular economy market due to the region’s rapid economic development and industrialization, which contribute to increased adoption of digital technologies for sustainable practices. Countries like China and India are witnessing a surge in awareness about environmental issues, prompting businesses to embrace digital solutions for resource efficiency and circular economy practices. Europe is set to account for the largest market share owing to its proactive approach towards environmental regulations and sustainability. Stringent policies, such as the Circular Economy Action Plan, drive European businesses to integrate digital solutions for optimal resource management, waste reduction, and responsible consumption.

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), vice presidents, innovation and technology directors, system integrators, and executives from various key organizations operating in the Digital circular economy market.
§ By Company: Tier I–20%, Tier II–60%, and Tier III–20%
§ By Designation: C-Level Executives–28%, D-Level Executives–50%, and Managers–22%
§ By Region: North America– 30%, Europe – 35%, Asia Pacific– 20% and Middle East Africa- 10%, Latin america-5%

The report includes the study of key players offering digital circular economy software and services. The major players in the digital circular economy market include SAP (Germany), Capgemini (France), Dassault Systemes (France), Cisco (US), IBM (US), Oracle (US), KPMG (Netherlands), Software AG (Germany), Siemens-Advanta (Germany), Ingram Micro (US), AWS (US), PwC (UK), Honeywell (US), Accenture (Ireland), Lenzing (Austria), Hitachi (Japan), Landbell Group (Germany), iPoint Systems (Germany), One Click LCA (Finland), TUV SUD (Germany), Suez Group (France), numi.circular (Germany), Treeni (India), UL Solutions (US), Anthesis Group (UK), Circular in Motion (Netherlands), Rheaply (US), proSense Consulting (Austria), geoFluxus (Netherlands), Circulor (UK), and Reflaunt (Singapore).

Research coverage
This research report categorizes the digital circular economy market by Offering (Software and Services), by Technology (blockchain and distributed ledger technology (DLT), IoT, AI & ML, AR & VR, cloud computing, Big Data analytics, and other technologies), by Application (supply chain and materials 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 & testing, and other applications), by Vertical (consumer electronics, IT & telecom, automotive, manufacturing, construction and building, healthcare and medical devices, energy and utilities, chemicals and materials, fashion & apparel, and other verticals), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the digital circular economy market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the digital circular economy market. Competitive analysis of upcoming startups in the digital circular economy market ecosystem is covered in this report.

Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall digital circular economy market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (surge in E-waste awareness fueling digital circular economy growth, AI-driven recycling tech catalyzing resource reutilization, stringent government mandates propeling circularity adoption, eco-conscious consumers driving demand for sustainable digital products), restraints (high upfront costs hampering circular economy startup, legacy linear thinking hindering circular business evolution, lack of standardized circularity metrics confounding progress), opportunities (unlocking new revenue streams by capitalizing on the market for upcycled tech gadgets, cross-industry alliances fostering circular innovation waves, flourishing market for refurbished electronics presents a compelling business opportunity, cost efficiencies through optimized resource utilization), and challenges (managing the intricate supply chain and reverse logistics, balancing durability and quality in circular tech design, navigating volatile consumer preferences in a shifting market).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the digital circular economy market
• Market Development: Comprehensive information about lucrative markets – the report analyses the digital circular economy market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the digital circular economy market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like SAP (Germany), Capgemini (France), Dassault Systemes (France), Cisco (US), IBM (US), Oracle (US), KPMG (Netherlands), Software AG (Germany), Siemens-Advanta (Germany), AWS (US), PwC (UK), Honeywell (US), Accenture (Ireland), Hitachi (Japan), Landbell Group (Germany), and Anthesis Group (UK), among others in the digital circular economy market strategies. The report also helps stakeholders understand the pulse of the digital circular economy market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            42

1.1         STUDY OBJECTIVES      42

1.2         MARKET DEFINITION   42

1.2.1      INCLUSIONS AND EXCLUSIONS 43

1.3         MARKET SCOPE             44

1.3.1      MARKET SEGMENTATION         44

TABLE 1             DIGITAL CIRCULAR ECONOMY MARKET DETAILED SEGMENTATION           44

1.3.2      REGIONS COVERED      48

1.3.3      YEARS CONSIDERED     49

1.4         CURRENCY CONSIDERED          49

TABLE 2             US DOLLAR EXCHANGE RATE, 2018–2022            49

1.5         STAKEHOLDERS            50

1.6         IMPACT OF RECESSION 50

2            RESEARCH METHODOLOGY     51

2.1         RESEARCH DATA           51

FIGURE 1           DIGITAL CIRCULAR ECONOMY MARKET: RESEARCH DESIGN              52

2.1.1      SECONDARY DATA       53

2.1.2      PRIMARY DATA 53

TABLE 3             PRIMARY INTERVIEWS 53

2.1.2.1   Breakup of primary profiles             54

2.1.2.2   Key industry insights          54

2.2         MARKET FORECAST      55

TABLE 4             FACTOR ANALYSIS        55

2.3         MARKET SIZE ESTIMATION       56

FIGURE 2           DIGITAL CIRCULAR ECONOMY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES       56

2.3.1      TOP-DOWN APPROACH             56

2.3.2      BOTTOM-UP APPROACH           57

FIGURE 3           APPROACH 1, BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM SOLUTIONS/SERVICES OF DIGITAL CIRCULAR ECONOMY         57

FIGURE 4           APPROACH 2, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF DIGITAL CIRCULAR ECONOMY              58

FIGURE 5           APPROACH 3, BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF DIGITAL CIRCULAR ECONOMY              59

FIGURE 6           APPROACH 4, BOTTOM-UP (DEMAND-SIDE): SHARE OF DIGITAL CIRCULAR ECONOMY THROUGH OVERALL DIGITAL SOLUTIONS SPENDING        60

2.4         DATA TRIANGULATION             61

FIGURE 7           DATA TRIANGULATION             61

2.5         RESEARCH ASSUMPTIONS         62

2.6         STUDY LIMITATIONS    63

2.7         IMPLICATIONS OF RECESSION ON DIGITAL CIRCULAR ECONOMY MARKET            64

TABLE 5             IMPACT OF RECESSION ON GLOBAL DIGITAL CIRCULAR ECONOMY MARKET      64

3            EXECUTIVE SUMMARY 66

TABLE 6             GLOBAL DIGITAL CIRCULAR ECONOMY MARKET SIZE AND GROWTH RATE, 2018–2022 (USD MILLION, Y-O-Y)          68

TABLE 7             GLOBAL DIGITAL CIRCULAR ECONOMY MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y)          69

FIGURE 8           DIGITAL CIRCULAR ECONOMY SOFTWARE TO BE LARGER MARKET THAN SERVICES IN 2023           69

FIGURE 9           PLM SOFTWARE TO BE LARGEST SOFTWARE SEGMENT DURING FORECAST PERIOD     69

FIGURE 10         SUPPLY CHAIN OPTIMIZATION SERVICES TO LEAD MARKET IN 2023 70

FIGURE 11         CIRCULAR WASTE MANAGEMENT & RECYCLING APPLICATION TO ACCOUNT FOR HIGHEST DEMAND IN 2023   70

FIGURE 12         IOT TO BE LARGEST TECHNOLOGY FOR DIGITAL CIRCULAR ECONOMY IN 2023         71

FIGURE 13         FASHION & APPAREL VERTICAL TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD     71

FIGURE 14         EUROPE TO ACCOUNT FOR LARGEST REGIONAL MARKET SHARE IN 2023  72

4            PREMIUM INSIGHTS      73

4.1         ATTRACTIVE OPPORTUNITIES FOR DIGITAL CIRCULAR ECONOMY MARKET PLAYERS         73

FIGURE 15         HEIGHTENED EMPHASIS ON SUSTAINABLE SOURCING AND ENVIRONMENTALLY FRIENDLY SUPPLY CHAIN PRACTICES TO DRIVE MARKET GROWTH        73

4.2         DIGITAL CIRCULAR ECONOMY MARKET: TOP THREE APPLICATIONS              74

FIGURE 16         DIGITAL RESALE & REUSE APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD 74

4.3         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING AND VERTICAL         74

FIGURE 17         SOFTWARE AND MANUFACTURING TO BE LARGEST SHAREHOLDERS IN EUROPEAN MARKET IN 2023            74

4.4         DIGITAL CIRCULAR ECONOMY MARKET, BY REGION    75

FIGURE 18         EUROPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023              75

5            MARKET OVERVIEW AND INDUSTRY TRENDS   76

5.1         INTRODUCTION            76

5.2         MARKET DYNAMICS     76

FIGURE 19         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: DIGITAL CIRCULAR ECONOMY MARKET            76

5.2.1      DRIVERS            77

5.2.1.1   Surge in eWaste awareness 77

FIGURE 20         GLOBAL EWASTE GENERATION, 2014–2022 (MILLION TONNES)              77

5.2.1.2   AI-driven recycling tech to catalyze resource reutilization          77

5.2.1.3   Stringent government mandates to propel circularity adoption  78

5.2.1.4   Eco-conscious consumers to drive demand for sustainable digital products              78

FIGURE 21         PENETRATION RATE OF STREAMING VIDEO ON DEMAND (SVOD), 2017–2022 (PERCENTAGE OF TOTAL POPULATION)     79

5.2.2      RESTRAINTS     79

5.2.2.1   High upfront costs to hamper circular economy startups            79

5.2.2.2   Legacy linear thinking to hinder circular business evolution       80

5.2.2.3   Lack of standardized circularity metrics to confound progress    80

5.2.3      OPPORTUNITIES           81

5.2.3.1   Unlocking new revenue streams by capitalizing on market for upcycled tech gadgets  81

5.2.3.2   Cross-industry alliances foster circular innovation waves           81

5.2.3.3   Flourishing market for refurbished electronics to present compelling business opportunity         82

FIGURE 22         GLOBAL USED AND REFURBISHED SMARTPHONE SHIPMENTS, 2015–2022 (MILLION UNITS)      82

5.2.3.4   Cost efficiencies through optimized resource utilization             82

5.2.4      CHALLENGES   83

5.2.4.1   Managing intricate supply chain and reverse logistics   83

5.2.4.2   Balancing durability and quality in circular tech design 83

5.2.4.3   Navigating volatile consumer preferences in shifting market      84

5.3         EVOLUTION OF DIGITAL CIRCULAR ECONOMY             85

FIGURE 23         DIGITAL CIRCULAR ECONOMY MARKET EVOLUTION  85

5.4         VALUE CHAIN ANALYSIS            87

FIGURE 24         DIGITAL CIRCULAR ECONOMY MARKET: VALUE CHAIN ANALYSIS          87

TABLE 8             DIGITAL CIRCULAR ECONOMY MARKET: VALUE CHAIN ANALYSIS          88

5.5         ECOSYSTEM/MARKET MAP       89

TABLE 9             ROLE OF PLAYERS IN DIGITAL CIRCULAR ECONOMY MARKET              89

FIGURE 25         KEY PLAYERS IN DIGITAL CIRCULAR ECONOMY MARKET ECOSYSTEM     91

5.5.1      DIGITAL CIRCULAR ECONOMY SOFTWARE DEVELOPERS          91

5.5.2      DIGITAL CIRCULAR ECONOMY TECHNOLOGY PROVIDERS       91

5.5.3      DIGITAL CIRCULAR ECONOMY DATA & ANALYTIC PROVIDERS 92

5.5.4      THIRD-PARTY SERVICE PROVIDERS      92

5.5.5      END USERS       92

5.5.6      GOVERNMENT & REGULATORY BODIES            92

5.6         INVESTMENT LANDSCAPE        93

FIGURE 26         GLOBAL LEADING SUSTAINABILITY INITIATIVES THAT BRANDS ARE INVESTING IN, 2021–2022 93

FIGURE 27         US AND EUROPE: DISTRIBUTION OF INVESTMENTS IN RECYCLING AND WASTE, BY TECHNOLOGY, 2022          94

FIGURE 28         GLOBAL VENTURE CAPITAL INVESTMENT IN CLEAN ENERGY STARTUPS, 2015–2022 (USD BILLION)    95

FIGURE 29         GLOBAL VENTURE CAPITAL INVESTMENT IN CLEAN ENERGY STARTUPS, BY CATEGORY, 2015–2022 (USD BILLION)    96

 

5.7         BEST PRACTICES IN DIGITAL CIRCULAR ECONOMY MARKET   96

TABLE 10           BEST PRACTICES IN DIGITAL CIRCULAR ECONOMY MARKET              97

5.8         CASE STUDY ANALYSIS 98

5.8.1      BRASKEM POWERED ACTIONABLE CLIMATE ROADMAP FOR SUSTAINABLE GROWTH WITH HELP OF ACCENTURE   98

5.8.2      WWF IDENTIFIED OPPORTUNITIES FOR IMPROVEMENT IN MANAGEMENT OF PLASTIC WASTE WITH HELP OF ANTHESIS GROUP  99

5.8.3      EARLY LEAKAGE DETECTION WITH USE OF TRENDMINER BY SOFTWARE AG 99

5.8.4      KAESER KOMPRESSOREN AUTOMATED COMPLIANCE PROCESSES USING IPOINT’S SYSTEMS          100

5.8.5      TREENI ALLOWED DSM TO COLLECT AND MANAGE DATA EFFICIENTLY    100

5.8.6      ESTABLISHING PROCESS THINKING IN RESEARCH AND EDUCATION FOR MUNICH UNIVERSITY WITH IGRAFX SOLUTIONS   101

5.9         TECHNOLOGY ANALYSIS           101

5.9.1      KEY TECHNOLOGIES    101

5.9.1.1   IoT        101

5.9.1.2   Big data analytics 102

5.9.1.3   Blockchain           102

5.9.1.4   AI & ML 102

5.9.1.5   AR/VR  102

5.9.1.6   Cloud computing 103

5.9.2      ADJACENT TECHNOLOGIES      103

5.9.2.1   Robotics 103

5.9.2.2   Nanotechnology  103

5.9.2.3   Sustainable manufacturing 103

5.9.2.4   Digital twin          104

5.9.3      COMPLIMENTARY TECHNOLOGIES      104

5.9.3.1   3D printing          104

5.9.3.2   Smart sensor technologies  104

5.9.3.3   Renewable energy storage  104

5.10       TARIFF AND REGULATORY LANDSCAPE            105

5.10.1    TARIFF RELATED TO DIGITAL CIRCULAR ECONOMY SOFTWARE              105

TABLE 11           TARIFF RELATED TO DIGITAL CIRCULAR ECONOMY SOFTWARE, 2022            105

5.10.2    REGULATORY LANDSCAPE       106

5.10.2.1 Regulatory bodies, government agencies, and other organizations            106

TABLE 12           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         106

TABLE 13           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 107

TABLE 14           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         108

TABLE 15           MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         108

TABLE 16           LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         109

5.10.3    REGULATIONS: DIGITAL CIRCULAR ECONOMY MARKET           110

5.10.3.1 North America     110

5.10.3.1.1            US: Environmental Protection Act (EPA)      110

5.10.3.1.2            Canada: Federal Sustainable Development Act (FSDA)             110

5.10.3.1.3            US: Climate Leadership and Community Protection Act            110

5.10.3.2 Europe  110

5.10.3.2.1            EU: Circular Economy Action Plan (CEAP)  110

5.10.3.2.2            EU: Sustainable Finance Disclosure Regulation (SFDR)            111

5.10.3.2.3            Germany: German Circular Economy Act (KrWG)      111

5.10.3.2.4            UK: Climate Change Act    111

5.10.3.3 Asia Pacific          111

5.10.3.3.1            Japan: Environmental Impact Assessment (EIA) Law  111

5.10.3.3.2            China: Circular Economy Promotion Law      111

5.10.3.3.3            South Korea: Framework Act on Resource Circulation (FARC) 112

5.10.3.4 Middle East & Africa          112

5.10.3.4.1            UAE: Federal Law No. 24 of 1999    112

5.10.3.4.2            South Africa: National Environmental Management Act (NEMA)              112

5.10.3.4.3            Algeria: Environmental Law            112

5.10.3.5 Latin America      113

5.10.3.5.1            Peru: Environmental Impact Assessment National System Law  113

5.10.3.5.2            Brazil: National Policy on Solid Waste (PNRS)            113

5.10.3.5.3            Colombia: National Environmental Policy     113

5.11       PATENT ANALYSIS        114

5.11.1    METHODOLOGY           114

5.11.2    PATENTS FILED, BY DOCUMENT TYPE 114

TABLE 17           PATENTS FILED, 2013–2023        114

5.11.3    INNOVATION AND PATENT APPLICATIONS      114

FIGURE 30         TOTAL NUMBER OF PATENTS GRANTED, 2013–2023      114

5.11.3.1 Top 10 applicants in digital circular economy market   114

FIGURE 31         TOP 10 APPLICANTS IN DIGITAL CIRCULAR ECONOMY MARKET, 2013–2023       115

TABLE 18           TOP 20 PATENT OWNERS IN DIGITAL CIRCULAR ECONOMY MARKET, 2013–2023       115

TABLE 19           LIST OF PATENTS GRANTED IN DIGITAL CIRCULAR ECONOMY MARKET, 2023  116

FIGURE 32         REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023              119

5.12       PRICING ANALYSIS        119

5.12.1    AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY SOFTWARE TYPE    120

FIGURE 33         AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP THREE SOFTWARE TYPES          120

TABLE 20           AVERAGE SELLING PRICE TREND OF KEY PLAYERS: TOP THREE SOFTWARE TYPES          120

5.12.2    INDICATIVE PRICING ANALYSIS, BY DIGITAL CIRCULAR ECONOMY VENDORS          121

TABLE 21           INDICATIVE PRICING LEVELS OF DIGITAL CIRCULAR ECONOMY VENDORS    121

5.13       TRADE ANALYSIS          122

5.13.1    IMPORT SCENARIO OF COMPUTER SOFTWARE 122

FIGURE 34         COMPUTER SOFTWARE IMPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 123

5.13.2    EXPORT SCENARIO OF COMPUTER SOFTWARE 123

FIGURE 35         COMPUTER SOFTWARE EXPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 124

5.14       KEY CONFERENCES AND EVENTS          124

TABLE 22           DIGITAL CIRCULAR ECONOMY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2023–2024     124

5.15       PORTER’S FIVE FORCES ANALYSIS         126

FIGURE 36         PORTER’S FIVE FORCES ANALYSIS         126

5.15.1    THREAT FROM NEW ENTRANTS             126

5.15.2    THREAT FROM SUBSTITUTES   127

5.15.3    BARGAINING POWER OF SUPPLIERS     127

5.15.4    BARGAINING POWER OF BUYERS           127

5.15.5    INTENSITY OF COMPETITION RIVALRY 127

5.16       DIGITAL CIRCULAR ECONOMY TECHNOLOGY ROADMAP         128

FIGURE 37         DIGITAL CIRCULAR ECONOMY TECHNOLOGY ROADMAP              128

5.17       DIGITAL CIRCULAR ECONOMY BUSINESS MODELS       130

FIGURE 38         DIGITAL CIRCULAR ECONOMY BUSINESS MODELS       130

5.17.1    DIGITAL MARKETPLACES MODEL         130

5.17.2    SHARING ECONOMY MODEL    131

5.17.3    PRODUCT-AS-A-SERVICE MODEL          131

5.17.4    REUSE AND RECYCLING SERVICES MODEL        131

5.17.5    ENVIRONMENTAL CREDITS & CARBON MARKETS MODEL         132

5.18       TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS     132

FIGURE 39         TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS              132

5.19       KEY STAKEHOLDERS AND BUYING CRITERIA    133

5.19.1    KEY STAKEHOLDERS IN BUYING PROCESS         133

FIGURE 40         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             133

TABLE 23           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS             133

5.19.2    BUYING CRITERIA         134

FIGURE 41         KEY BUYING CRITERIA FOR TOP THREE VERTICALS     134

TABLE 24           KEY BUYING CRITERIA FOR TOP THREE VERTICALS     134

6            DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION       135

6.1         INTRODUCTION            136

6.1.1      APPLICATION: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS              136

FIGURE 42         DIGITAL RESALE & REUSE TO BE FASTEST-GROWING APPLICATION SEGMENT IN DIGITAL CIRCULAR ECONOMY MARKET    137

TABLE 25           DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          138

TABLE 26           DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          138

6.2         SUPPLY CHAIN & MATERIAL TRACKING             139

6.2.1      FOSTERING RESPONSIBLE PRODUCTION AND EFFICIENT RESOURCE USE ACROSS PRODUCT LIFECYCLE       139

TABLE 27           DIGITAL CIRCULAR ECONOMY MARKET IN SUPPLY CHAIN & MATERIALS TRACKING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              139

TABLE 28           DIGITAL CIRCULAR ECONOMY MARKET IN SUPPLY CHAIN & MATERIALS TRACKING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              139

6.2.2      PRODUCT LIFECYCLE TRACEABILITY   140

TABLE 29           DIGITAL CIRCULAR ECONOMY MARKET IN PRODUCT LIFECYCLE TRACEABILITY, BY REGION, 2018–2022 (USD MILLION)         140

TABLE 30           DIGITAL CIRCULAR ECONOMY MARKET IN PRODUCT LIFECYCLE TRACEABILITY, BY REGION, 2023–2028 (USD MILLION)         140

6.2.3      CIRCULAR SUPPLY CHAIN OPTIMIZATION        141

TABLE 31           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR SUPPLY CHAIN OPTIMIZATION, BY REGION, 2018–2022 (USD MILLION) 141

TABLE 32           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR SUPPLY CHAIN OPTIMIZATION, BY REGION, 2023–2028 (USD MILLION) 141

6.2.4      ECO-FRIENDLY TRANSPORTATION MANAGEMENT      142

TABLE 33           DIGITAL CIRCULAR ECONOMY MARKET IN ECO-FRIENDLY TRANSPORTATION MANAGEMENT, BY REGION, 2018–2022 (USD MILLION)              142

TABLE 34           DIGITAL CIRCULAR ECONOMY MARKET IN ECO-FRIENDLY TRANSPORTATION MANAGEMENT, BY REGION, 2023–2028 (USD MILLION)              142

6.3         RESOURCE OPTIMIZATION & EFFICIENCY         143

6.3.1      HARNESSING DIGITAL TECHNOLOGIES TO MAXIMIZE RESOURCE UTILIZATION AND MINIMIZE ECOLOGICAL FOOTPRINT           143

TABLE 35           DIGITAL CIRCULAR ECONOMY MARKET IN RESOURCE OPTIMIZATION & EFFICIENCY, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          143

TABLE 36           DIGITAL CIRCULAR ECONOMY MARKET IN RESOURCE OPTIMIZATION & EFFICIENCY, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          143

6.3.2      RESOURCE ALLOCATION & UTILIZATION          144

TABLE 37           DIGITAL CIRCULAR ECONOMY MARKET IN RESOURCE ALLOCATION & UTILIZATION, BY REGION, 2018–2022 (USD MILLION)   144

TABLE 38           DIGITAL CIRCULAR ECONOMY MARKET IN RESOURCE ALLOCATION & UTILIZATION, BY REGION, 2023–2028 (USD MILLION)   144

6.3.3      ENERGY & WATER MANAGEMENT         145

TABLE 39           DIGITAL CIRCULAR ECONOMY MARKET IN ENERGY & WATER MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 145

TABLE 40           DIGITAL CIRCULAR ECONOMY MARKET IN ENERGY & WATER MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 145

6.3.4      WASTE REDUCTION & RECYCLING EFFICIENCY             146

TABLE 41           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE REDUCTION & RECYCLING EFFICIENCY, BY REGION, 2018–2022 (USD MILLION)              146

TABLE 42           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE REDUCTION & RECYCLING EFFICIENCY, BY REGION, 2023–2028 (USD MILLION)              146

6.4         DIGITAL RESALE & REUSE          147

6.4.1      CREATING CULTURE OF SUSTAINABLE CONSUMPTION AND REDUCING DEMAND FOR NEW PRODUCTS WITH DIGITAL RESALE & REUSE              147

TABLE 43           DIGITAL CIRCULAR ECONOMY MARKET IN DIGITAL RESALE & REUSE, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            147

TABLE 44           DIGITAL CIRCULAR ECONOMY MARKET IN DIGITAL RESALE & REUSE, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            147

6.4.2      ONLINE RESALE MARKETPLACES          148

TABLE 45           DIGITAL CIRCULAR ECONOMY MARKET IN ONLINE RESALE MARKETPLACES, BY REGION, 2018–2022 (USD MILLION)             148

TABLE 46           DIGITAL CIRCULAR ECONOMY MARKET IN ONLINE RESALE MARKETPLACES, BY REGION, 2023–2028 (USD MILLION)             148

6.4.3      PRODUCT EXCHANGE NETWORKS        149

TABLE 47           DIGITAL CIRCULAR ECONOMY MARKET IN PRODUCT EXCHANGE NETWORKS, BY REGION, 2018–2022 (USD MILLION) 149

TABLE 48           DIGITAL CIRCULAR ECONOMY MARKET IN PRODUCT EXCHANGE NETWORKS, BY REGION, 2023–2028 (USD MILLION) 149

6.4.4      CIRCULAR PRODUCT CERTIFICATION  150

TABLE 49           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR PRODUCT CERTIFICATION, BY REGION, 2018–2022 (USD MILLION)        150

TABLE 50           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR PRODUCT CERTIFICATION, BY REGION, 2023–2028 (USD MILLION)        150

6.5         REVERSE LOGISTICS & REMANUFACTURING     151

6.5.1      EFFICIENT TRACKING AND MANAGEMENT OF REVERSE LOGISTICS TO ENCOURAGE RECYCLING AND UPCYCLING 151

TABLE 51           DIGITAL CIRCULAR ECONOMY MARKET IN REVERSE LOGISTICS & REMANUFACTURING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          151

TABLE 52           DIGITAL CIRCULAR ECONOMY MARKET IN REVERSE LOGISTICS & REMANUFACTURING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          151

6.5.2      COLLECTION & SORTING SERVICES      152

TABLE 53           DIGITAL CIRCULAR ECONOMY MARKET IN COLLECTION & SORTING SERVICES, BY REGION, 2018–2022 (USD MILLION)       152

TABLE 54           DIGITAL CIRCULAR ECONOMY MARKET IN COLLECTION & SORTING SERVICES, BY REGION, 2023–2028 (USD MILLION)       152

6.5.3      REMANUFACTURING & REFURBISHMENT          153

TABLE 55           DIGITAL CIRCULAR ECONOMY MARKET IN REMANUFACTURING & REFURBISHMENT, BY REGION, 2018–2022 (USD MILLION)          153

TABLE 56           DIGITAL CIRCULAR ECONOMY MARKET IN REMANUFACTURING & REFURBISHMENT, BY REGION, 2023–2028 (USD MILLION)          153

6.5.4      WASTE-TO-RESOURCE CONVERSION    154

TABLE 57           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE-TO-RESOURCE CONVERSION, BY REGION, 2018–2022 (USD MILLION)           154

TABLE 58           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE-TO-RESOURCE CONVERSION, BY REGION, 2023–2028 (USD MILLION)           154

6.6         CIRCULAR ECONOMY REPORTING & COMPLIANCE       155

6.6.1      FACILITATING TRANSPARENT COMMUNICATION AND EFFICIENT CERTIFICATION MANAGEMENT, CONTRIBUTING TO CIRCULAR ECONOMY              155

TABLE 59           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ECONOMY REPORTING & COMPLIANCE, 2018–2022 (USD MILLION)       155

TABLE 60           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ECONOMY REPORTING & COMPLIANCE, 2023–2028 (USD MILLION)       155

6.6.2      CIRCULAR ECONOMY PERFORMANCE REPORTING       156

TABLE 61           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ECONOMY PERFORMANCE REPORTING, BY REGION, 2018–2022 (USD MILLION)              156

TABLE 62           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ECONOMY PERFORMANCE REPORTING, BY REGION, 2023–2028 (USD MILLION)              156

6.6.3      SUSTAINABILITY CERTIFICATIONS MANAGEMENT       157

TABLE 63           DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABILITY CERTIFICATIONS MANAGEMENT, BY REGION, 2018–2022 (USD MILLION)              157

TABLE 64           DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABILITY CERTIFICATIONS MANAGEMENT, BY REGION, 2023–2028 (USD MILLION)              157

6.6.4      REGULATORY COMPLIANCE    158

TABLE 65           DIGITAL CIRCULAR ECONOMY MARKET IN REGULATORY COMPLIANCE, BY REGION, 2018–2022 (USD MILLION)   158

TABLE 66           DIGITAL CIRCULAR ECONOMY MARKET IN REGULATORY COMPLIANCE, BY REGION, 2023–2028 (USD MILLION)   158

6.7         CIRCULAR WASTE MANAGEMENT & RECYCLING           159

6.7.1      INTEGRATING DIGITAL SOLUTIONS TO ENHANCE WASTE MANAGEMENT AND OPTIMIZE RESOURCE RECOVERY 159

TABLE 67           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR WASTE MANAGEMENT & RECYCLING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              159

TABLE 68           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR WASTE MANAGEMENT & RECYCLING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              159

6.7.2      WASTE SORTING & RECYCLING APPS   160

TABLE 69           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE SORTING & RECYCLING APPS, BY REGION, 2018–2022 (USD MILLION)           160

TABLE 70           DIGITAL CIRCULAR ECONOMY MARKET IN WASTE SORTING & RECYCLING APPS, BY REGION, 2023–2028 (USD MILLION)           160

6.7.3      CIRCULAR WASTE-TO-ENERGY SOLUTIONS      161

TABLE 71           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR WASTE-TO-ENERGY SOLUTIONS, BY REGION, 2018–2022 (USD MILLION)            161

TABLE 72           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR WASTE-TO-ENERGY SOLUTIONS, BY REGION, 2023–2028 (USD MILLION)            161

6.7.4      ADVANCED RECYCLING TECHNOLOGIES          162

TABLE 73           DIGITAL CIRCULAR ECONOMY MARKET IN ADVANCED RECYCLING TECHNOLOGIES, BY REGION, 2018–2022 (USD MILLION)    162

TABLE 74           DIGITAL CIRCULAR ECONOMY MARKET IN ADVANCED RECYCLING TECHNOLOGIES, BY REGION, 2023–2028 (USD MILLION)    162

6.8         SMART MATERIAL SELECTION & TESTING         163

6.8.1      NEED FOR DEVELOPMENT AND ADOPTION OF MORE SUSTAINABLE AND CIRCULAR MATERIALS      163

TABLE 75           DIGITAL CIRCULAR ECONOMY MARKET IN SMART MATERIAL SELECTION & TESTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              163

TABLE 76           DIGITAL CIRCULAR ECONOMY MARKET IN SMART MATERIAL SELECTION & TESTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              163

6.8.2      MATERIAL ANALYTICS & SELECTION    164

TABLE 77           DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL ANALYTICS & SELECTION, BY REGION, 2018–2022 (USD MILLION)          164

TABLE 78           DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL ANALYTICS & SELECTION, BY REGION, 2023–2028 (USD MILLION)          164

6.8.3      MATERIAL PERFORMANCE TESTING    165

TABLE 79           DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL PERFORMANCE TESTING, BY REGION, 2018–2022 (USD MILLION)           165

TABLE 80           DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL PERFORMANCE TESTING, BY REGION, 2023–2028 (USD MILLION)           165

6.8.4      CIRCULAR MATERIALS R&D      166

TABLE 81           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR MATERIALS R&D, BY REGION, 2018–2022 (USD MILLION)            166

TABLE 82           DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR MATERIALS R&D, BY REGION, 2023–2028 (USD MILLION)            166

6.9         OTHER APPLICATIONS 167

TABLE 83           DIGITAL CIRCULAR ECONOMY MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION) 167

TABLE 84           DIGITAL CIRCULAR ECONOMY MARKET IN OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION) 167

7            DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY      168

7.1         INTRODUCTION            169

7.1.1      TECHNOLOGY: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS              169

FIGURE 43         IOT TO LEAD MARKET DURING FORECAST PERIOD      170

TABLE 85           DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          170

TABLE 86           DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          171

7.2         BLOCKCHAIN & DISTRIBUTED LEDGER TECHNOLOGY (DLT)  171

7.2.1      BLOCKCHAIN & DISTRIBUTED LEDGER TO HELP BUSINESSES SECURE SUPPLY CHAIN TO ENABLE ASSET TOKENIZATION       171

TABLE 87           BLOCKCHAIN & DISTRIBUTED LEDGER TECHNOLOGY (DLT) MARKET, BY TYPE, 2018–2022 (USD MILLION)    172

TABLE 88           BLOCKCHAIN & DISTRIBUTED LEDGER TECHNOLOGY (DLT) MARKET, BY TYPE, 2023–2028 (USD MILLION)    172

7.2.2      BLOCKCHAIN-BASED SUPPLY CHAIN    172

TABLE 89           BLOCKCHAIN-BASED SUPPLY CHAIN MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          173

TABLE 90           BLOCKCHAIN-BASED SUPPLY CHAIN MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          173

7.2.2.1   Supply chain transparency 173

TABLE 91           SUPPLY CHAIN TRANSPARENCY MARKET, BY REGION, 2018–2022 (USD MILLION)     174

TABLE 92           SUPPLY CHAIN TRANSPARENCY MARKET, BY REGION, 2023–2028 (USD MILLION)     174

7.2.2.2   Provenance tracking          174

TABLE 93           PROVENANCE TRACKING MARKET, BY REGION, 2018–2022 (USD MILLION) 175

TABLE 94           PROVENANCE TRACKING MARKET, BY REGION, 2023–2028 (USD MILLION) 175

7.2.2.3   Smart contracts for resource transactions       175

TABLE 95          SMART CONTRACTS FOR RESOURCE TRANSACTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)  176

TABLE 96          SMART CONTRACTS FOR RESOURCE TRANSACTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)  176

7.2.3      DLT-ENABLED ASSET TOKENIZATION 176

TABLE 97           DLT-ENABLED ASSET TOKENIZATION MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          177

TABLE 98           DIGITAL CIRCULAR ECONOMY MARKET, BY DLT-ENABLED ASSET TOKENIZATION, 2023–2028 (USD MILLION)         177

7.2.3.1   Tokenized asset management          177

TABLE 99           TOKENIZED ASSET MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)     178

TABLE 100         TOKENIZED ASSET MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)     178

7.2.3.2   Digital tokens for circular economy products 178

TABLE 101         DIGITAL TOKENS FOR CIRCULAR ECONOMY PRODUCTS MARKET, BY REGION, 2018–2022 (USD MILLION)            179

TABLE 102         DIGITAL TOKENS FOR CIRCULAR ECONOMY PRODUCTS MARKET, BY REGION, 2023–2028 (USD MILLION)            179

7.2.3.3   Token exchange platforms 179

TABLE 103         TOKEN EXCHANGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)     180

TABLE 104         TOKEN EXCHANGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)     180

7.3         IOT       180

7.3.1      SUSTAINABLE AND RESPONSIVE APPROACH TO RESOURCE UTILIZATION AND ENVIRONMENTAL SUPERVISION     180

TABLE 105         IOT MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)   181

TABLE 106         IOT MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)   181

7.3.2      IOT-ENABLED PRODUCT MONITORING            181

TABLE 107        IOT-ENABLED PRODUCT MONITORING MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          181

TABLE 108        IOT-ENABLED PRODUCT MONITORING MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          182

7.3.2.1   Remote product health monitoring  182

TABLE 109         REMOTE PRODUCT HEALTH MONITORING MARKET, BY REGION, 2018–2022 (USD MILLION)       182

TABLE 110         REMOTE PRODUCT HEALTH MONITORING MARKET, BY REGION, 2023–2028 (USD MILLION)       183

7.3.2.2   Condition-based maintenance         183

TABLE 111         CONDITION-BASED MAINTENANCE MARKET, BY REGION, 2018–2022 (USD MILLION)          183

TABLE 112         CONDITION-BASED MAINTENANCE MARKET, BY REGION, 2023–2028 (USD MILLION)          184

7.3.2.3   Product usage analytics      184

TABLE 113         PRODUCT USAGE ANALYTICS MARKET, BY REGION, 2018–2022 (USD MILLION) 184

TABLE 114         PRODUCT USAGE ANALYTICS MARKET, BY REGION, 2023–2028 (USD MILLION) 185

7.3.3      SMART RECYCLING BINS & WASTE MANAGEMENT        185

TABLE 115         SMART RECYCLING BINS & WASTE MANAGEMENT MARKET, BY SUBTYPE, 2018–2022 (USD MILLION) 185

TABLE 116         SMART RECYCLING BINS & WASTE MANAGEMENT MARKET, BY SUBTYPE, 2023–2028 (USD MILLION) 186

7.3.3.1   Smart waste collection scheduling    186

TABLE 117         SMART WASTE COLLECTION SCHEDULING MARKET, BY REGION, 2018–2022 (USD MILLION)       186

TABLE 118         SMART WASTE COLLECTION SCHEDULING MARKET, BY REGION, 2023–2028 (USD MILLION)       187

7.3.3.2   Recycling sorting automation           187

TABLE 119         RECYCLING SORTING AUTOMATION MARKET, BY REGION, 2018–2022 (USD MILLION)          187

TABLE 120         RECYCLING SORTING AUTOMATION MARKET, BY REGION, 2023–2028 (USD MILLION)          188

7.3.3.3   IoT-enhanced recycling centers       188

TABLE 121         IOT-ENHANCED RECYCLING CENTERS MARKET, BY REGION, 2018–2022 (USD MILLION)          188

TABLE 122         IOT-ENHANCED RECYCLING CENTERS MARKET, BY REGION, 2023–2028 (USD MILLION)          189

7.4         AI & ML 189

7.4.1      AI & ML IN DIGITAL CIRCULAR ECONOMY ENHANCE OPERATIONAL EFFICIENCY AND CONTRIBUTE TO OVERARCHING GOALS OF SUSTAINABILITY           189

TABLE 123         AI & ML MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)              190

TABLE 124         AI & ML MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)              190

7.4.2      PREDICTIVE MAINTENANCE & QUALITY CONTROL      190

TABLE 125         PREDICTIVE MAINTENANCE & QUALITY CONTROL MARKET, BY SUBTYPE, 2018–2022 (USD MILLION) 191

TABLE 126         PREDICTIVE MAINTENANCE & QUALITY CONTROL MARKET, BY SUBTYPE, 2023–2028 (USD MILLION) 191

7.4.2.1   Predictive equipment maintenance  191

TABLE 127         PREDICTIVE EQUIPMENT MAINTENANCE MARKET, BY REGION, 2018–2022 (USD MILLION)       192

TABLE 128         PREDICTIVE EQUIPMENT MAINTENANCE MARKET, BY REGION, 2023–2028 (USD MILLION)       192

7.4.2.2   Quality assurance algorithms           192

TABLE 129         QUALITY ASSURANCE ALGORITHMS MARKET, BY REGION, 2018–2022 (USD MILLION)          193

TABLE 130         QUALITY ASSURANCE ALGORITHMS MARKET, BY REGION, 2023–2028 (USD MILLION)          193

7.4.2.3   Anomaly detection             193

TABLE 131         ANOMALY DETECTION MARKET, BY REGION, 2018–2022 (USD MILLION)          194

TABLE 132         ANOMALY DETECTION MARKET, BY REGION, 2023–2028 (USD MILLION)          194

7.4.3      DEMAND FORECASTING            194

TABLE 133         DEMAND FORECASTING MARKET, BY SUBTYPE, 2018–2022 (USD MILLION) 195

TABLE 134         DEMAND FORECASTING MARKET, BY SUBTYPE, 2023–2028 (USD MILLION) 195

7.4.3.1   Predictive demand models 195

TABLE 135         PREDICTIVE DEMAND MODELS MARKET, BY REGION, 2018–2022 (USD MILLION)     196

TABLE 136         PREDICTIVE DEMAND MODELS MARKET, BY REGION, 2023–2028 (USD MILLION)     196

7.4.3.2   Inventory optimization      196

TABLE 137         INVENTORY OPTIMIZATION MARKET, BY REGION, 2018–2022 (USD MILLION) 197

TABLE 138         INVENTORY OPTIMIZATION MARKET, BY REGION, 2023–2028 (USD MILLION) 197

7.4.3.3   Production planning          197

TABLE 139         PRODUCTION PLANNING MARKET, BY REGION, 2018–2022 (USD MILLION) 198

TABLE 140         PRODUCTION PLANNING MARKET, BY REGION, 2023–2028 (USD MILLION) 198

7.5         AR & VR              198

7.5.1      INTEGRATION OF AR & VR TECHNOLOGIES TO ENABLE REAL-TIME DATA VISUALIZATION AND BETTER DECISION-MAKING           198

TABLE 141         AR & VR MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)              199

TABLE 142         AR & VR MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)              199

7.5.2      AR FOR DESIGN & PROTOTYPING          199

TABLE 143         AR FOR DESIGN & PROTOTYPING MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     200

TABLE 144         AR FOR DESIGN & PROTOTYPING MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     200

7.5.2.1   Augmented Product Design             200

TABLE 145         AUGMENTED PRODUCT DESIGN MARKET, BY REGION, 2018–2022 (USD MILLION)     201

TABLE 146         AUGMENTED PRODUCT DESIGN MARKET, BY REGION, 2023–2028 (USD MILLION)     201

7.5.2.2   Virtual prototyping            201

TABLE 147         VIRTUAL PROTOTYPING MARKET, BY REGION, 2018–2022 (USD MILLION)          202

TABLE 148         VIRTUAL PROTOTYPING MARKET, BY REGION, 2023–2028 (USD MILLION)          202

7.5.2.3   Interactive design collaboration       202

TABLE 149        INTERACTIVE DESIGN COLLABORATION MARKET, BY REGION, 2018–2022 (USD MILLION)          203

TABLE 150        INTERACTIVE DESIGN COLLABORATION MARKET, BY REGION, 2023–2028 (USD MILLION)          203

7.5.3      VR-BASED TRAINING    203

TABLE 151         VR-BASED TRAINING MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          204

TABLE 152         VR-BASED TRAINING MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          204

7.5.3.1   Virtual employee training  204

TABLE 153         VIRTUAL EMPLOYEE TRAINING MARKET, BY REGION, 2018–2022 (USD MILLION)     205

TABLE 154         VIRTUAL EMPLOYEE TRAINING MARKET, BY REGION, 2023–2028 (USD MILLION)     205

7.5.3.2   Safety training simulations 205

TABLE 155         SAFETY TRAINING SIMULATIONS MARKET, BY REGION, 2018–2022 (USD MILLION)     206

TABLE 156         SAFETY TRAINING SIMULATIONS MARKET, BY REGION, 2023–2028 (USD MILLION)     206

7.5.3.3   Remote expert assistance   206

TABLE 157         REMOTE EXPERT ASSISTANCE MARKET, BY REGION, 2018–2022 (USD MILLION) 207

TABLE 158         REMOTE EXPERT ASSISTANCE MARKET, BY REGION, 2023–2028 (USD MILLION) 207

7.6         CLOUD COMPUTING    207

7.6.1      OPTIMIZATION OF ENERGY CONSUMPTION, TRACKING OF SUSTAINABLE PRACTICES, AND OVERALL RESOURCE UTILIZATION     207

TABLE 159         CLOUD COMPUTING MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          208

TABLE 160         CLOUD COMPUTING MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          208

7.6.2      CLOUD-BASED RESOURCE PLANNING  208

TABLE 161         CLOUD-BASED RESOURCE PLANNING MARKET, BY REGION, 2018–2022 (USD MILLION)          209

TABLE 162         CLOUD-BASED RESOURCE PLANNING MARKET, BY REGION, 2023–2028 (USD MILLION)          209

7.6.3      CLOUD-BASED CIRCULAR SUPPLY CHAIN PLATFORMS 209

TABLE 163         CLOUD-BASED CIRCULAR SUPPLY CHAIN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            210

TABLE 164         CLOUD-BASED CIRCULAR SUPPLY CHAIN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            210

7.7         BIG DATA ANALYTICS  210

7.7.1      BIG DATA ANALYTICS HELPS TO IDENTIFY AREAS FOR IMPROVEMENT AND IMPLEMENTING MORE SUSTAINABLE PRACTICES              210

TABLE 165         BIG DATA ANALYTICS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          211

TABLE 166         BIG DATA ANALYTICS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          211

7.7.2      RESOURCE UTILIZATION ANALYTICS   211

TABLE 167         RESOURCE UTILIZATION ANALYTICS MARKET, BY REGION, 2018–2022 (USD MILLION)          212

TABLE 168         RESOURCE UTILIZATION ANALYTICS MARKET, BY REGION, 2023–2028 (USD MILLION)          212

7.7.3      CIRCULAR ECONOMY PERFORMANCE METRICS             212

TABLE 169         CIRCULAR ECONOMY PERFORMANCE METRICS MARKET, BY REGION, 2018–2022 (USD MILLION)       213

TABLE 170         CIRCULAR ECONOMY PERFORMANCE METRICS MARKET, BY REGION, 2023–2028 (USD MILLION)       213

7.7.4      CIRCULAR ECONOMY DATA PLATFORMS          213

TABLE 171        CIRCULAR ECONOMY DATA PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          214

TABLE 172        CIRCULAR ECONOMY DATA PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          214

7.7.5      DATA INTEGRATION & MANAGEMENT 214

TABLE 173         DATA INTEGRATION & MANAGEMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          215

TABLE 174         DATA INTEGRATION & MANAGEMENT MARKET, BY REGION, 2023–2028 (USD MILLION)          215

7.7.6      ADVANCED CIRCULAR ANALYTICS       215

TABLE 175         ADVANCED CIRCULAR ANALYTICS MARKET, BY REGION, 2018–2022 (USD MILLION)     216

TABLE 176         ADVANCED CIRCULAR ANALYTICS MARKET, BY REGION, 2023–2028 (USD MILLION)     216

7.8         OTHER TECHNOLOGIES            216

TABLE 177         OTHER DIGITAL CIRCULAR ECONOMY TECHNOLOGIES MARKET, BY REGION, 2018–2022 (USD MILLION)            217

TABLE 178         OTHER DIGITAL CIRCULAR ECONOMY TECHNOLOGIES MARKET, BY REGION, 2023–2028 (USD MILLION)            217

8            DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL 218

8.1         INTRODUCTION            219

8.1.1      VERTICAL: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS   219

FIGURE 44         FASHION & APPAREL VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD     220

TABLE 179         DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)     221

TABLE 180         DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)     221

8.2         CONSUMER ELECTRONICS        222

8.2.1      TRANSFORMING CONSUMER ELECTRONICS LANDSCAPE WITH LONGEVITY AND REUSABILITY 222

TABLE 181         DIGITAL CIRCULAR ECONOMY MARKET IN CONSUMER ELECTRONICS, BY APPLICATION, 2018–2022 (USD MILLION)     222

TABLE 182         DIGITAL CIRCULAR ECONOMY MARKET IN CONSUMER ELECTRONICS, BY APPLICATION, 2023–2028 (USD MILLION)     223

8.2.2      CIRCULAR ELECTRONICS DESIGN         223

TABLE 183         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ELECTRONICS DESIGN, BY REGION, 2018–2022 (USD MILLION) 223

TABLE 184         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR ELECTRONICS DESIGN, BY REGION, 2023–2028 (USD MILLION) 224

8.2.3      ELECTRONICS REUSE & REFURBISHMENT         224

TABLE 185         DIGITAL CIRCULAR ECONOMY MARKET IN ELECTRONICS REUSE & REFURBISHMENT, BY REGION, 2018–2022 (USD MILLION)        224

TABLE 186         DIGITAL CIRCULAR ECONOMY MARKET IN ELECTRONICS REUSE & REFURBISHMENT, BY REGION, 2023–2028 (USD MILLION)        225

8.2.4      EWASTE RECYCLING & RECOVERY        225

TABLE 187         DIGITAL CIRCULAR ECONOMY MARKET IN EWASTE RECYCLING & RECOVERY, BY REGION, 2018–2022 (USD MILLION)           225

TABLE 188         DIGITAL CIRCULAR ECONOMY MARKET IN EWASTE RECYCLING & RECOVERY, BY REGION, 2023–2028 (USD MILLION)           226

8.2.5      OTHER CONSUMER ELECTRONICS APPLICATIONS        226

TABLE 189         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CONSUMER ELECTRONICS APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)          226

TABLE 190         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CONSUMER ELECTRONICS APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)          227

8.3         IT & TELECOM 227

8.3.1      EXTENDING LIFE OF IT & TELECOM EQUIPMENT WITH HELP OF DIGITAL CIRCULAR ECONOMY 227

TABLE 191         DIGITAL CIRCULAR ECONOMY MARKET IT & TELECOM, BY APPLICATION, 2018–2022 (USD MILLION)           228

TABLE 192         DIGITAL CIRCULAR ECONOMY MARKET IT & TELECOM, BY APPLICATION, 2023–2028 (USD MILLION)           228

8.3.2      CIRCULAR IT EQUIPMENT MANAGEMENT        228

TABLE 193         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR IT EQUIPMENT MANAGEMENT, BY REGION, 2018–2022 (USD MILLION)     229

TABLE 194         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR IT EQUIPMENT MANAGEMENT, BY REGION, 2023–2028 (USD MILLION)     229

8.3.3      DATA CENTER EFFICIENCY       229

TABLE 195         DIGITAL CIRCULAR ECONOMY MARKET IN DATA CENTER EFFICIENCY, BY REGION, 2018–2022 (USD MILLION)       230

TABLE 196         DIGITAL CIRCULAR ECONOMY MARKET IN DATA CENTER EFFICIENCY, BY REGION, 2023–2028 (USD MILLION)       230

8.3.4      TELECOM NETWORK SUSTAINABILITY 230

TABLE 197         DIGITAL CIRCULAR ECONOMY MARKET IN TELECOM NETWORK SUSTAINABILITY, BY REGION, 2018–2022 (USD MILLION)      231

TABLE 198         DIGITAL CIRCULAR ECONOMY MARKET IN TELECOM NETWORK SUSTAINABILITY, BY REGION, 2023–2028 (USD MILLION)      231

8.3.5      OTHER IT & TELECOM APPLICATIONS 231

TABLE 199         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER IT & TELECOM APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)          232

TABLE 200         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER IT & TELECOM APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)          232

8.4         AUTOMOTIVE  232

8.4.1      ADOPTING PRINCIPLES OF CIRCULAR DESIGN AND SUSTAINABLE MATERIALS IN AUTOMOTIVE APPLICATIONS   232

TABLE 201         DIGITAL CIRCULAR ECONOMY MARKET IN AUTOMOTIVE VERTICAL, BY APPLICATION, 2018–2022 (USD MILLION)             233

TABLE 202         DIGITAL CIRCULAR ECONOMY MARKET IN AUTOMOTIVE VERTICAL, BY APPLICATION, 2023–2028 (USD MILLION)             233

8.4.2      CIRCULAR AUTO MANUFACTURING     233

TABLE 203         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR AUTO MANUFACTURING, BY REGION, 2018–2022 (USD MILLION)         234

TABLE 204         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR AUTO MANUFACTURING, BY REGION, 2023–2028 (USD MILLION)         234

8.4.3      REMANUFACTURING & AUTO PARTS REUSE     234

TABLE 205         DIGITAL CIRCULAR ECONOMY MARKET IN REMANUFACTURING & AUTO PARTS REUSE, BY REGION, 2018–2022 (USD MILLION)          235

TABLE 206         DIGITAL CIRCULAR ECONOMY MARKET IN REMANUFACTURING & AUTO PARTS REUSE, BY REGION, 2023–2028 (USD MILLION)          235

8.4.4      END-OF-LIFE VEHICLE RECYCLING       235

TABLE 207         DIGITAL CIRCULAR ECONOMY MARKET IN END-OF-LIFE VEHICLE RECYCLING, BY REGION, 2018–2022 (USD MILLION)    236

TABLE 208         DIGITAL CIRCULAR ECONOMY MARKET IN END-OF-LIFE VEHICLE RECYCLING, BY REGION, 2023–2028 (USD MILLION)    236

8.4.5      OTHER AUTOMOTIVE APPLICATIONS  237

TABLE 209         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER AUTOMOTIVE APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)  237

TABLE 210         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER AUTOMOTIVE APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)  237

8.5         MANUFACTURING        238

8.5.1      DIGITAL TECHNOLOGIES FACILITATE TRANSPARENCY AND TRACEABILITY, ALLOWING MANUFACTURERS TO MAKE INFORMED DECISIONS        238

TABLE 211         DIGITAL CIRCULAR ECONOMY MARKET IN MANUFACTURING, BY APPLICATION, 2018–2022 (USD MILLION)     238

TABLE 212         DIGITAL CIRCULAR ECONOMY MARKET IN MANUFACTURING, BY APPLICATION, 2023–2028 (USD MILLION)     239

8.5.2      CIRCULAR MANUFACTURING PROCESSES         239

TABLE 213         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR MANUFACTURING PROCESSES, BY REGION, 2018–2022 (USD MILLION) 239

TABLE 214         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR MANUFACTURING PROCESSES, BY REGION, 2023–2028 (USD MILLION) 240

8.5.3      MATERIAL & RESOURCE EFFICIENCY    240

TABLE 215         DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL & RESOURCE EFFICIENCY, BY REGION, 2018–2022 (USD MILLION) 240

TABLE 216         DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL & RESOURCE EFFICIENCY, BY REGION, 2023–2028 (USD MILLION) 241

8.5.4      SUSTAINABLE SUPPLY CHAIN MANAGEMENT  241

TABLE 217         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE SUPPLY CHAIN MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 241

TABLE 218         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE SUPPLY CHAIN MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 242

8.5.5      OTHER MANUFACTURING APPLICATIONS        242

TABLE 219         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER MANUFACTURING APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)              242

TABLE 220         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER MANUFACTURING APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)              243

8.6         CONSTRUCTION & BUILDING   243

8.6.1      TECHNOLOGY-DRIVEN SOLUTIONS TO CREATE SUSTAINABLE AND RESOURCE-EFFICIENT STRUCTURES    243

TABLE 221         DIGITAL CIRCULAR ECONOMY MARKET IN CONSTRUCTION & BUILDING, BY APPLICATION, 2018–2022 (USD MILLION)             244

TABLE 222         DIGITAL CIRCULAR ECONOMY MARKET IN CONSTRUCTION & BUILDING, BY APPLICATION, 2023–2028 (USD MILLION)             244

8.6.2      SUSTAINABLE BUILDING DESIGN          244

TABLE 223         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE BUILDING DESIGN, BY REGION, 2018–2022 (USD MILLION)         245

TABLE 224         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE BUILDING DESIGN, BY REGION, 2023–2028 (USD MILLION)         245

8.6.3      CONSTRUCTION MATERIALS RECYCLING         245

TABLE 225         DIGITAL CIRCULAR ECONOMY MARKET IN CONSTRUCTION MATERIALS RECYCLING, BY REGION, 2018–2022 (USD MILLION)             246

TABLE 226         DIGITAL CIRCULAR ECONOMY MARKET IN CONSTRUCTION MATERIALS RECYCLING, BY REGION, 2023–2028 (USD MILLION)             246

8.6.4      BUILDING DEMOLITION & DECONSTRUCTION 246

TABLE 227         DIGITAL CIRCULAR ECONOMY MARKET IN BUILDING DEMOLITION & DECONSTRUCTION, BY REGION, 2018–2022 (USD MILLION)              247

TABLE 228         DIGITAL CIRCULAR ECONOMY MARKET IN BUILDING DEMOLITION & DECONSTRUCTION, BY REGION, 2023–2028 (USD MILLION)              247

8.6.5      OTHER BUILDING & CONSTRUCTION APPLICATIONS  247

TABLE 229         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CONSTRUCTION & BUILDING APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)          248

TABLE 230         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CONSTRUCTION & BUILDING APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)          248

8.7         HEALTHCARE & MEDICAL DEVICES      248

8.7.1      ENVIRONMENTALLY FRIENDLY PROCESSES FOR DISPOSAL AND RECYCLING OF MEDICAL WASTE           248

TABLE 231         DIGITAL CIRCULAR ECONOMY MARKET IN HEALTHCARE & MEDICAL DEVICES, BY APPLICATION, 2018–2022 (USD MILLION)            249

TABLE 232         DIGITAL CIRCULAR ECONOMY MARKET IN HEALTHCARE & MEDICAL DEVICES, BY APPLICATION, 2023–2028 (USD MILLION)            249

8.7.2      MEDICAL DEVICE LIFE EXTENSION       250

TABLE 233         DIGITAL CIRCULAR ECONOMY MARKET IN MEDICAL DEVICE LIFE EXTENSION, BY REGION, 2018–2022 (USD MILLION)            250

TABLE 234         DIGITAL CIRCULAR ECONOMY MARKET IN MEDICAL DEVICE LIFE EXTENSION, BY REGION, 2023–2028 (USD MILLION)            250

8.7.3      HOSPITAL WASTE MANAGEMENT         251

TABLE 235         DIGITAL CIRCULAR ECONOMY MARKET IN HOSPITAL WASTE MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 251

TABLE 236         DIGITAL CIRCULAR ECONOMY MARKET IN HOSPITAL WASTE MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 251

8.7.4      CIRCULAR HEALTHCARE EQUIPMENT 252

TABLE 237         CIRCULAR HEALTHCARE EQUIPMENT MARKET, BY REGION, 2018–2022 (USD MILLION)          252

TABLE 238         CIRCULAR HEALTHCARE EQUIPMENT MARKET, BY REGION, 2023–2028 (USD MILLION)          252

8.7.5      OTHER HEALTHCARE APPLICATIONS AND MEDICAL DEVICES 253

TABLE 239         OTHER HEALTHCARE APPLICATIONS & MEDICAL DEVICES MARKET, BY REGION, 2018–2022 (USD MILLION)            253

TABLE 240         OTHER HEALTHCARE APPLICATIONS & MEDICAL DEVICES MARKET, BY REGION, 2023–2028 (USD MILLION)            253

8.8         ENERGY & UTILITIES    254

8.8.1      INCREASING USE OF DIGITAL TECHNOLOGIES IN SMART GRID MANAGEMENT AND RENEWABLE ENERGY INTEGRATION IS BOOSTING CIRCULAR ECONOMY PRACTICES         254

TABLE 241         DIGITAL CIRCULAR ECONOMY MARKET IN ENERGY & UTILITY VERTICAL, BY APPLICATION, 2018–2022 (USD MILLION)             254

TABLE 242         DIGITAL CIRCULAR ECONOMY MARKET IN ENERGY & UTILITY VERTICAL, BY APPLICATION, 2023–2028 (USD MILLION)             255

8.8.2      RENEWABLE ENERGY INTEGRATION    255

TABLE 243         DIGITAL CIRCULAR ECONOMY MARKET IN RENEWABLE ENERGY INTEGRATION, BY REGION, 2018–2022 (USD MILLION) 255

TABLE 244         DIGITAL CIRCULAR ECONOMY MARKET IN RENEWABLE ENERGY INTEGRATION, BY REGION, 2023–2028 (USD MILLION) 256

8.8.3      EFFICIENT UTILITY OPERATIONS          256

TABLE 245         DIGITAL CIRCULAR ECONOMY MARKET IN EFFICIENT UTILITY OPERATIONS, BY REGION, 2018–2022 (USD MILLION)  256

TABLE 246         DIGITAL CIRCULAR ECONOMY MARKET IN EFFICIENT UTILITY OPERATIONS, BY REGION, 2023–2028 (USD MILLION)  257

8.8.4      GRID MANAGEMENT & SUSTAINABILITY           257

TABLE 247         DIGITAL CIRCULAR ECONOMY MARKET IN GRID MANAGEMENT & SUSTAINABILITY, BY REGION, 2018–2022 (USD MILLION)              257

TABLE 248         DIGITAL CIRCULAR ECONOMY MARKET IN GRID MANAGEMENT & SUSTAINABILITY, BY REGION, 2023–2028 (USD MILLION)              258

8.8.5      OTHER ENERGY & UTILITY APPLICATIONS       258

TABLE 249         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER ENERGY & UTILITY APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)             258

TABLE 250         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER ENERGY & UTILITY APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)             259

8.9         CHEMICALS & MATERIALS         259

8.9.1      AIM TO REPLACE TRADITIONAL MODELS WITH MORE SUSTAINABLE ALTERNATIVES, PROMOTING RESOURCE EFFICIENCY 259

TABLE 251         DIGITAL CIRCULAR ECONOMY MARKET IN CHEMICALS & MATERIALS, BY APPLICATION, 2018–2022 (USD MILLION)          260

TABLE 252         DIGITAL CIRCULAR ECONOMY MARKET IN CHEMICALS & MATERIALS, BY APPLICATION, 2023–2028 (USD MILLION)          260

8.9.2      CIRCULAR CHEMICALS R&D      260

TABLE 253         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR CHEMICALS R&D, BY REGION, 2018–2022 (USD MILLION)            261

TABLE 254         DIGITAL CIRCULAR ECONOMY MARKET IN CIRCULAR CHEMICALS R&D, BY REGION, 2023–2028 (USD MILLION)            261

8.9.3      CHEMICAL RECYCLING 261

TABLE 255         DIGITAL CIRCULAR ECONOMY MARKET IN CHEMICAL RECYCLING, BY REGION, 2018–2022 (USD MILLION)       262

TABLE 256         DIGITAL CIRCULAR ECONOMY MARKET IN CHEMICAL RECYCLING, BY REGION, 2023–2028 (USD MILLION)       262

8.9.4      MATERIAL REUSE & UPCYCLING            262

TABLE 257         DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL REUSE & UPCYCLING, BY REGION, 2018–2022 (USD MILLION)   263

TABLE 258         DIGITAL CIRCULAR ECONOMY MARKET IN MATERIAL REUSE & UPCYCLING, BY REGION, 2023–2028 (USD MILLION)   263

8.9.5      OTHER CHEMICAL & MATERIAL APPLICATIONS            263

TABLE 259         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CHEMICAL & MATERIAL APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)     264

TABLE 260         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER CHEMICAL & MATERIAL APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)     264

8.10       FASHION & APPAREL    264

8.10.1    INTEGRATING SUSTAINABILITY INTO EVERY STAGE OF PRODUCT LIFECYCLE        264

TABLE 261         DIGITAL CIRCULAR ECONOMY MARKET IN FASHION & APPAREL, BY APPLICATION, 2018–2022 (USD MILLION) 265

TABLE 262         DIGITAL CIRCULAR ECONOMY MARKET IN FASHION & APPAREL, BY APPLICATION, 2023–2028 (USD MILLION) 265

8.10.2    SUSTAINABLE FASHION DESIGN            266

TABLE 263         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE FASHION DESIGN, BY REGION, 2018–2022 (USD MILLION)           266

TABLE 264         DIGITAL CIRCULAR ECONOMY MARKET IN SUSTAINABLE FASHION DESIGN, BY REGION, 2023–2028 (USD MILLION)           266

8.10.3    CLOTHING RENTAL & RESALE  267

TABLE 265         DIGITAL CIRCULAR ECONOMY MARKET IN CLOTHING RENTAL & RESALE, BY REGION, 2018–2022 (USD MILLION)         267

TABLE 266         DIGITAL CIRCULAR ECONOMY MARKET IN CLOTHING RENTAL & RESALE, BY REGION, 2023–2028 (USD MILLION)         267

8.10.4    TEXTILE RECYCLING & UPCYCLING      268

TABLE 267         DIGITAL CIRCULAR ECONOMY MARKET IN TEXTILE RECYCLING & UPCYCLING, BY REGION, 2018–2022 (USD MILLION)         268

TABLE 268         DIGITAL CIRCULAR ECONOMY MARKET IN TEXTILE RECYCLING & UPCYCLING, BY REGION, 2023–2028 (USD MILLION)         268

8.10.5    OTHER FASHION & APPAREL APPLICATIONS    269

TABLE 269         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER FASHION & APPAREL APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)           269

TABLE 270         DIGITAL CIRCULAR ECONOMY MARKET IN OTHER FASHION & APPAREL APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)           269

8.11       OTHER VERTICALS       270

TABLE 271        DIGITAL CIRCULAR ECONOMY MARKET IN OTHER VERTICALS, BY REGION, 2018–2022 (USD MILLION)  270

TABLE 272        DIGITAL CIRCULAR ECONOMY MARKET IN OTHER VERTICALS, BY REGION, 2023–2028 (USD MILLION)  270

9            DIGITAL CIRCULAR ECONOMY MARKET, BY REGION    271

9.1         INTRODUCTION            272

FIGURE 45         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       272

FIGURE 46         SINGAPORE TO REGISTER HIGHEST GROWTH RATE IN DIGITAL CIRCULAR ECONOMY MARKET DURING FORECAST PERIOD   273

TABLE 273         DIGITAL CIRCULAR ECONOMY MARKET, BY REGION, 2018–2022 (USD MILLION)     273

TABLE 274         DIGITAL CIRCULAR ECONOMY MARKET, BY REGION, 2023–2028 (USD MILLION)     273

 

9.2         NORTH AMERICA          274

9.2.1      NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS              274

9.2.2      NORTH AMERICA: RECESSION IMPACT 275

TABLE 275         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   275

TABLE 276         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   275

TABLE 277         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    276

TABLE 278         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    276

TABLE 279         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    277

TABLE 280         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    277

TABLE 281         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          277

TABLE 282         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          278

TABLE 283         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           278

TABLE 284         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           279

TABLE 285         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)    279

TABLE 286         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)    280

TABLE 287         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    280

TABLE 288         NORTH AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    280

9.2.3      US         281

9.2.3.1   Government initiatives and regulatory measures contribute to expansion of digital circular economy 281

TABLE 289         US: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          281

TABLE 290         US: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          281

9.2.4      CANADA            282

9.2.4.1   Canada’s vibrant startup ecosystem to contribute to digital transformation of circular practices  282

TABLE 291         CANADA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   282

TABLE 292         CANADA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   282

 

9.3         EUROPE             283

9.3.1      EUROPE: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS      283

9.3.2      EUROPE: RECESSION IMPACT   284

FIGURE 47         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET SNAPSHOT              285

TABLE 293         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   285

TABLE 294         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   286

TABLE 295         EUROPE: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)       286

TABLE 296         EUROPE: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)       286

TABLE 297         EUROPE: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)       287

TABLE 298         EUROPE: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)       287

TABLE 299         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          287

TABLE 300         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          288

TABLE 301         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           288

TABLE 302         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           289

TABLE 303         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)    289

TABLE 304         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)    290

TABLE 305         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    290

TABLE 306         EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    291

9.3.3      UK         291

9.3.3.1   Embracing digital platforms for efficient resource management and adoption of circular practices  291

TABLE 307         UK: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          292

TABLE 308         UK: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          292

9.3.4      GERMANY         292

9.3.4.1   Collaboration between industry, government, and research institutions to promote digital circular economy practices    292

TABLE 309         GERMANY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   293

TABLE 310         GERMANY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   293

 

9.3.5      FRANCE             293

9.3.5.1   Increased adoption of digital solutions to optimize resource use, reduce waste, and enhance life cycle of products           293

TABLE 311         FRANCE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   294

TABLE 312         FRANCE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   294

9.3.6      ITALY   294

9.3.6.1   Implementation of advanced technologies to create more connected and sustainable economy          294

TABLE 313         ITALY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          295

TABLE 314         ITALY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          295

9.3.7      SPAIN   295

9.3.7.1   Investments in research and innovation to drive digital transformation in key sectors of Spain    295

TABLE 315         SPAIN: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          296

TABLE 316         SPAIN: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          296

9.3.8      NETHERLANDS 296

9.3.8.1   Initiatives to promote circular design, product lifecycle management, and collaborative consumption 296

TABLE 317         NETHERLANDS: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   297

TABLE 318         NETHERLANDS: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   297

9.3.9      REST OF EUROPE           297

TABLE 319         REST OF EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   298

TABLE 320         REST OF EUROPE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   298

9.4         ASIA PACIFIC    299

9.4.1      ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS              299

9.4.2      ASIA PACIFIC: RECESSION IMPACT        300

FIGURE 48         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET SNAPSHOT        301

TABLE 321         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   301

TABLE 322         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   302

TABLE 323         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    302

TABLE 324         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    302

TABLE 325         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    303

TABLE 326         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    303

TABLE 327         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          303

TABLE 328         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          304

TABLE 329         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           304

TABLE 330         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           305

TABLE 331         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)    305

TABLE 332         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)    306

TABLE 333         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    306

TABLE 334         ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    307

9.4.3      CHINA  307

9.4.3.1   With companies increasingly focusing on product life extension, circular design principles of China to gain traction  307

TABLE 335        CHINA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          308

TABLE 336        CHINA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          308

9.4.4      INDIA   308

9.4.4.1   Growing penetration of smartphones and internet access to catalyze integration of digital solutions for circular practices             308

TABLE 337         INDIA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          309

TABLE 338         INDIA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          309

9.4.5      JAPAN  309

9.4.5.1   Japan’s strong emphasis on research & development led to emergence of innovative solutions in circular economy        309

TABLE 339        JAPAN: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          310

TABLE 340        JAPAN: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          310

9.4.6      SOUTH KOREA 310

9.4.6.1   Increase in incorporation of circular design principles is contributing to waste reduction throughout lifecycle of goods          310

TABLE 341         SOUTH KOREA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   311

TABLE 342         SOUTH KOREA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   311

9.4.7      SINGAPORE      311

9.4.7.1   Digital technologies integrated into waste collection systems to improve efficiency and reduce environmental impact    311

TABLE 343         SINGAPORE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   312

TABLE 344         SINGAPORE: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   312

9.4.8      AUSTRALIA & NEW ZEALAND   312

9.4.8.1   Investments in technology and sustainable practices play pivotal roles in shaping future of digital circular economy    312

TABLE 345         AUSTRALIA & NEW ZEALAND: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)        313

TABLE 346         AUSTRALIA & NEW ZEALAND: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)        313

9.4.9      REST OF ASIA PACIFIC  313

TABLE 347         REST OF ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)        314

TABLE 348         REST OF ASIA PACIFIC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)        314

9.5         MIDDLE EAST & AFRICA             314

9.5.1      MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS            315

9.5.2      MIDDLE EAST & AFRICA: RECESSION IMPACT   315

TABLE 349         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)        316

TABLE 350         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)        316

TABLE 351         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          316

TABLE 352         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          317

TABLE 353         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 317

TABLE 354         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 317

TABLE 355         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION) 318

TABLE 356         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 318

TABLE 357         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)  319

TABLE 358         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)  319

TABLE 359         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)         320

TABLE 360         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)         320

TABLE 361         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY/REGION, 2018–2022 (USD MILLION)      321

 

TABLE 362         MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION)      321

9.5.3      GCC      321

9.5.3.1   GCC countries to adopt circular economy approach, focusing on sustainable production and consumption patterns            321

TABLE 363         GCC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)          322

TABLE 364         GCC: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)          322

9.5.4      SOUTH AFRICA 322

9.5.4.1   Initiatives such as smart grids and digital monitoring systems contribute to more sustainable and circular energy landscape      322

TABLE 365         SOUTH AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   323

TABLE 366         SOUTH AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   323

9.5.5      EGYPT 323

9.5.5.1   Shift toward circular economy to present opportunity to enhance economic growth and foster employment      323

TABLE 367         EGYPT: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   324

TABLE 368         EGYPT: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   324

9.5.6      TURKEY             324

9.5.6.1   Adopting innovative practices such as product life extension and recycling to help transition toward more sustainable economy  324

TABLE 369         TURKEY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   325

TABLE 370         TURKEY: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   325

9.5.7      REST OF MIDDLE EAST & AFRICA           325

TABLE 371         REST OF MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)  326

TABLE 372         REST OF MIDDLE EAST & AFRICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)  326

9.6         LATIN AMERICA             326

9.6.1      LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET DRIVERS              327

9.6.2      LATIN AMERICA: RECESSION IMPACT   327

TABLE 373         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   328

TABLE 374         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   328

TABLE 375         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    328

TABLE 376         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    329

 

TABLE 377         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    329

TABLE 378         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    329

TABLE 379         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          330

TABLE 380         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          330

TABLE 381         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           331

TABLE 382         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           331

TABLE 383         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2018–2022 (USD MILLION)    332

TABLE 384         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY VERTICAL, 2023–2028 (USD MILLION)    332

TABLE 385         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    333

TABLE 386         LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    333

9.6.3      BRAZIL 333

9.6.3.1   Robust digital infrastructure and thriving technology sector to bolster growth of digital solutions in circular economy 333

TABLE 387         BRAZIL: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   334

TABLE 388         BRAZIL: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   334

9.6.4      MEXICO             334

9.6.4.1   Government Initiatives to create an encouraging environment for businesses focused on circular economy practices growth              334

TABLE 389         MEXICO: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   335

TABLE 390         MEXICO: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   335

9.6.5      ARGENTINA      335

9.6.5.1   Growing tech sector and population with high internet penetration         335

TABLE 391         ARGENTINA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)   336

TABLE 392         ARGENTINA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)   336

9.6.6      REST OF LATIN AMERICA          336

TABLE 393         REST OF LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2018–2022 (USD MILLION)        337

TABLE 394         REST OF LATIN AMERICA: DIGITAL CIRCULAR ECONOMY MARKET, BY OFFERING, 2023–2028 (USD MILLION)        337

 

10          COMPETITIVE LANDSCAPE       338

10.1       OVERVIEW        338

10.2       KEY PLAYERS STRATEGIES        338

TABLE 395         OVERVIEW OF STRATEGIES ADOPTED BY KEY DIGITAL CIRCULAR ECONOMY VENDORS            338

10.3       REVENUE ANALYSIS      340

FIGURE 49         BUSINESS SEGMENT REVENUE ANALYSIS FOR KEY PLAYERS, 2018–2022 (USD BILLION)           341

10.4       MARKET SHARE ANALYSIS         341

FIGURE 50         MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022        342

TABLE 396         DIGITAL CIRCULAR ECONOMY MARKET: DEGREE OF COMPETITION 342

10.5       BRAND/PRODUCT COMPARATIVE ANALYSIS    345

10.5.1    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SUPPLY CHAIN MANAGEMENT SOFTWARE       345

FIGURE 51         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SUPPLY CHAIN MANAGEMENT SOFTWARE        345

10.5.1.1 IBM       345

10.5.1.2 Circulor 345

10.5.1.3 Oracle   345

10.5.1.4 iPoint-systems     346

10.5.2    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY PRODUCT LIFECYCLE MANAGEMENT SOFTWARE 346

FIGURE 52         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY PRODUCT LIFECYCLE MANAGEMENT SOFTWARE 346

10.5.2.1 Dassault Systèmes             347

10.5.2.2 SAP       347

10.5.2.3 Hitachi  347

10.5.2.4 Honeywell           347

10.5.3    BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SUSTAINABILITY SOFTWARE       348

FIGURE 53         BRAND/PRODUCT COMPARATIVE ANALYSIS, BY SUSTAINABILITY SOFTWARE    348

10.5.3.1 One Click LCA    348

10.5.3.2 Treeni   348

10.5.3.3 Reflaunt 349

10.5.3.4 Rheaply 349

10.6       COMPANY EVALUATION MATRIX, 2022 349

10.6.1    STARS  349

10.6.2    EMERGING LEADERS    349

10.6.3    PERVASIVE PLAYERS     349

10.6.4    PARTICIPANTS 350

FIGURE 54         DIGITAL CIRCULAR ECONOMY COMPANY EVALUATION MATRIX, 2022    350

10.6.5    COMPANY FOOTPRINT 351

FIGURE 55         PRODUCT FOOTPRINT (16 COMPANIES)           351

TABLE 397         APPLICATION FOOTPRINT (16 COMPANIES)     352

TABLE 398         REGION FOOTPRINT (16 COMPANIES) 352

TABLE 399         COMPANY FOOTPRINT (16 COMPANIES)           353

TABLE 400         OVERALL PRODUCT FOOTPRINT ANALYSIS (KEY PLAYERS), 2022      354

10.7       COMPANY EVALUATION MATRIX, 2022 (OTHER PLAYERS)         355

10.7.1    STARS  355

10.7.2    EMERGING LEADERS    355

10.7.3    PERVASIVE PLAYERS     355

10.7.4    PARTICIPANTS 355

FIGURE 56         DIGITAL CIRCULAR ECONOMY COMPANY EVALUATION MATRIX, 2022 (OTHER PLAYERS)            356

10.7.5    COMPANY FOOTPRINT (OTHER PLAYERS)        357

FIGURE 57         PRODUCT FOOTPRINT-OTHER PLAYERS (15 COMPANIES)              357

TABLE 401         APPLICATION FOOTPRINT-OTHER PLAYERS (15 COMPANIES)              358

TABLE 402         REGION FOOTPRINT-OTHER PLAYERS (15 COMPANIES)              359

TABLE 403         COMPANY FOOTPRINT-OTHER PLAYERS (15 COMPANIES)              359

TABLE 404         OVERALL PRODUCT FOOTPRINT ANALYSIS, 2022 (OTHER PLAYERS)          360

10.8       COMPETITIVE SCENARIO AND TRENDS             361

10.8.1    PRODUCT LAUNCHES & ENHANCEMENTS         361

TABLE 405         DIGITAL CIRCULAR ECONOMY: PRODUCT LAUNCHES & ENHANCEMENTS, JANUARY 2020–NOVEMBER 2023        361

10.8.2    DEALS  365

TABLE 406         DIGITAL CIRCULAR ECONOMY: DEALS, JANUARY 2020–NOVEMBER 2023            365

10.9       VALUATION AND FINANCIAL METRICS OF KEY DIGITAL CIRCULAR ECONOMY VENDORS    372

FIGURE 58         EV/EBITDA OF KEY DIGITAL CIRCULAR ECONOMY VENDORS              372

FIGURE 59         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY DIGITAL CIRCULAR ECONOMY VENDORS 373

11          COMPANY PROFILES    374

11.1       INTRODUCTION            374

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

11.2       KEY PLAYERS   374

11.2.1    IBM       374

TABLE 407         IBM: BUSINESS OVERVIEW         375

FIGURE 60         IBM: COMPANY SNAPSHOT       375

TABLE 408         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        376

TABLE 409         IBM: PRODUCT LAUNCHES AND ENHANCEMENTS        377

TABLE 410         IBM: DEALS       377

11.2.2    SAP       380

TABLE 411         SAP: BUSINESS OVERVIEW         380

FIGURE 61         SAP: COMPANY SNAPSHOT       381

TABLE 412         SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED        381

TABLE 413         SAP: PRODUCT LAUNCHES AND ENHANCEMENTS        383

TABLE 414         SAP: DEALS       384

11.2.3    ORACLE             387

TABLE 415         ORACLE: BUSINESS OVERVIEW 387

FIGURE 62         ORACLE: COMPANY SNAPSHOT             388

TABLE 416         ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 388

TABLE 417         ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 390

TABLE 418         ORACLE: DEALS             391

11.2.4    HONEYWELL    393

TABLE 419         HONEYWELL: BUSINESS OVERVIEW      393

FIGURE 63         HONEYWELL: COMPANY SNAPSHOT    394

TABLE 420         HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED              394

TABLE 421         HONEYWELL: PRODUCT LAUNCHES AND ENHANCEMENTS              395

TABLE 422         HONEYWELL: DEALS    396

11.2.5    ACCENTURE     398

TABLE 423         ACCENTURE: BUSINESS OVERVIEW       398

FIGURE 64         ACCENTURE: COMPANY SNAPSHOT     399

TABLE 424         ACCENTURE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              399

TABLE 425         ACCENTURE: DEALS     400

11.2.6    DASSAULT SYSTÈMES   402

TABLE 426         DASSAULT SYSTÈMES: BUSINESS OVERVIEW     402

FIGURE 65         DASSAULT SYSTÈMES: COMPANY SNAPSHOT   403

TABLE 427         DASSAULT SYSTÈMES: PRODUCTS/SOLUTIONS/SERVICES OFFERED          403

TABLE 428         DASSAULT SYSTÈMES: PRODUCT LAUNCHES AND ENHANCEMENTS          404

TABLE 429         DASSAULT SYSTÈMES: DEALS   404

11.2.7    CAPGEMINI      405

TABLE 430         CAPGEMINI: BUSINESS OVERVIEW        405

FIGURE 66         CAPGEMINI: COMPANY SNAPSHOT       406

TABLE 431         CAPGEMINI: PRODUCTS/SOLUTIONS/SERVICES OFFERED              406

TABLE 432         CAPGEMINI: PRODUCT LAUNCHES & ENHANCEMENTS 407

TABLE 433         CAPGEMINI: DEALS       407

11.2.8    CISCO   409

TABLE 434         CISCO: BUSINESS OVERVIEW    409

FIGURE 67         CISCO: COMPANY SNAPSHOT   410

TABLE 435         CISCO: PRODUCTS/SOLUTIONS/SERVICES OFFERED    410

TABLE 436         CISCO: PRODUCT LAUNCHES & ENHANCEMENTS         411

TABLE 437         CISCO: DEALS  412

11.2.9    HITACHI            414

TABLE 438         HITACHI: BUSINESS OVERVIEW 414

FIGURE 68         HITACHI: COMPANY SNAPSHOT            415

TABLE 439         HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED              415

TABLE 440         HITACHI: PRODUCT LAUNCHES & ENHANCEMENTS     416

TABLE 441         HITACHI: DEALS            416

11.2.10  AWS      418

TABLE 442         AWS: BUSINESS OVERVIEW        418

FIGURE 69         AWS: COMPANY SNAPSHOT      419

TABLE 443         AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED       419

TABLE 444         AWS: PRODUCT LAUNCHES & ENHANCEMENTS             420

TABLE 445         AWS: DEALS      420

11.2.11  SOFTWARE AG 421

11.2.12  SIEMENS-ADVANTA      422

11.2.13  PWC     423

11.2.14  ANTHESIS GROUP         424

11.2.15  KPMG   425

11.2.16  LANDBELL GROUP        426

11.3       OTHER PLAYERS           427

11.3.1    INGRAM MICRO             427

11.3.2    LENZING           428

11.3.3    IPOINT-SYSTEMS           429

11.3.4    ONE CLICK LCA             430

11.3.5    TÜV SÜD           431

11.3.6    SUEZ GROUP    432

11.3.7    NUMI.CIRCULAR            433

11.3.8    TREENI 434

11.3.9    UL SOLUTIONS 435

11.3.10  CIRCULAR IN MOTION 436

11.3.11  RHEAPLY           437

11.3.12  PROSENSE CONSULTING           438

11.3.13  GEOFLUXUS     439

11.3.14  CIRCULOR         440

11.3.15  REFLAUNT        441

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

12          ADJACENT AND RELATED MARKETS     442

12.1       INTRODUCTION            442

12.2       ESG REPORTING SOFTWARE MARKET  442

12.2.1    MARKET DEFINITION   442

12.2.2    MARKET OVERVIEW     442

12.2.3    ESG REPORTING SOFTWARE MARKET, BY COMPONENT            442

TABLE 446         ESG REPORTING SOFTWARE MARKET, BY COMPONENT, 2017–2021 (USD MILLION)     442

TABLE 447         ESG REPORTING SOFTWARE MARKET, BY COMPONENT, 2022–2027 (USD MILLION)     443

12.2.4    ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT MODE              443

TABLE 448         ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2017–2021 (USD MILLION)          443

TABLE 449         ESG REPORTING SOFTWARE MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD MILLION)          443

12.2.5    ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE              443

TABLE 450         ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION) 444

TABLE 451         ESG REPORTING SOFTWARE MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION) 444

12.2.6    ESG REPORTING SOFTWARE MARKET, BY VERTICAL    444

TABLE 452         ESG REPORTING SOFTWARE MARKET, BY VERTICAL, 2017–2021 (USD MILLION) 444

TABLE 453         ESG REPORTING SOFTWARE MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 445

12.2.7    ESG REPORTING SOFTWARE MARKET, BY REGION        445

TABLE 454         ESG REPORTING SOFTWARE MARKET, BY REGION, 2017–2021 (USD MILLION) 445

TABLE 455         ESG REPORTING SOFTWARE MARKET, BY REGION, 2022–2027 (USD MILLION) 446

12.3       GREEN TECHNOLOGY & SUSTAINABILITY MARKET      446

12.3.1    MARKET DEFINITION   446

12.3.2    MARKET OVERVIEW     446

12.3.3    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY COMPONENT              446

TABLE 456         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY COMPONENT, 2017–2021 (USD MILLION)           447

TABLE 457         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)           447

12.3.4    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY TECHNOLOGY              447

TABLE 458         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY TECHNOLOGY, 2017–2021 (USD MILLION)          447

TABLE 459         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)          448

12.3.5    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY APPLICATION              448

TABLE 460         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY APPLICATION, 2017–2021 (USD MILLION)           449

TABLE 461         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY APPLICATION, 2022–2027 (USD MILLION)           449

12.3.6    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY DEPLOYMENT MODE  450

TABLE 462         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY DEPLOYMENT MODE, 2017–2021 (USD MILLION)            450

TABLE 463         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)            450

12.3.7    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY ORGANIZATION SIZE    450

TABLE 464         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD MILLION)            450

TABLE 465         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)            451

12.3.8    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY VERTICAL              451

TABLE 466         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY VERTICAL, 2017–2021 (USD MILLION)    451

TABLE 467         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)    452

12.3.9    GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY REGION              452

TABLE 468         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY REGION, 2017–2021 (USD MILLION)       452

TABLE 469         GREEN TECHNOLOGY & SUSTAINABILITY MARKET, BY REGION, 2022–2027 (USD MILLION)       453

13          APPENDIX         454

13.1       DISCUSSION GUIDE      454

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             461

13.3       AVAILABLE CUSTOMIZATIONS 463

13.4       RELATED REPORTS       463

13.5       AUTHOR DETAILS         464