조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년11월
Digital Circular Economy Market – Global Forecast to 2028
디지털 순환경제 시장 : 오퍼링[소프트웨어(순환 설계 및 프로토타이핑 소프트웨어, 블록체인 및 추적성 소프트웨어), 서비스], 애플리케이션(디지털 재판매 및 재사용), 기술(IoT, AI&ML), 업종, 지역별 – 2028년까지의 세계 예측
Digital Circular Economy Market by Offering (Software (Circular Design & Prototyping Software, Blockchain & Traceability Software), Services), Application (Digital Resale & Reuse), Technology (IoT, AI & ML), Vertical and Region – Global Forecast to 2028
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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
