Digital Circular Economy Market by Offering, Technology, Application, Vertical

Description

List of Tables

[182 Pages Report] The Digital Circular Economy Market size was estimated at USD 2.88 billion in 2023 and expected to reach USD 3.55 billion in 2024, at a CAGR 23.66% to reach USD 12.74 billion by 2030.

Global Digital Circular Economy Market

KEY MARKET STATISTICS
Base Year [2023]	USD 2.88 billion
Estimated Year [2024]	USD 3.55 billion
Forecast Year [2030]	USD 12.74 billion
CAGR (%)	23.66%

Digital Circular Economy (DCE) refers to integrating innovative digital technologies within the traditional circular economy framework to maximize the lifecycle of resources and minimize ecological footprint. The DCE is widely used in waste management, agriculture, manufacturing, and energy systems for extending product life, sharing platforms, resource recovery, and implementing product-as-service systems. Growing focus on waste reduction and sustainability and demand for business models that deliver superior customer value while minimizing resource outflows are accelerating the deployment of DCEs across end-use industries. However, a lack of awareness about DCE and technological inaccessibility may hinder their adoption by the end-use sectors. Moreover, improved digital technologies for waste tracking and management, data analytics for predictive maintenance, and blockchain for supply chain transparency are anticipated to propel the use of digital circular economy solutions by the end-use sectors across the globe.

Regional Insights

The Digital Circular Economy market is evolving in the Americas owing to the growing interest in innovative ways of waste management and research focusing on generating value from waste, largely attributed to the technological advancements in machine learning. The Asia-Pacific region, comprising major economies including China, Japan, and India, has demonstrated robust progress in their conception and application of digital circular economy principles due to increasingly prioritizing eco-friendly purchases and several businesses specializing in waste management and recycling. The European Union has been at the forefront of circular economy implementation, with policies such as the EU Circular Economy Action Plan emphasizing sustainable processes throughout product life cycles. The Middle East region, though still nascent in circular economy principles, is gradually moving towards more sustainable models. Africa is witnessing a growing interest in sustainable practices, committed to becoming a zero-waste nation and driving more investments in the digital circular economy. Besides, ongoing research and development of innovative digital circular economy platforms are anticipated to propel their deployment across the end-use sectors globally.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Digital Circular Economy Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Digital Circular Economy Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Digital Circular Economy Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Amazon Web Services, Inc., Anthesis Consulting Group, Capgemini Services SAS, Cisco Systems, Inc., CSCS Ltd., Dassault Systemes S.E., geoFluxus B.V., Hitachi Ltd., Honeywell International Inc., International Business Machines Corporation, iPoint-systems gmbh, KPMG International Limited, Landbell AG fur Ruckhol-Systeme, Lenzing AG, numi.circular, One Click LCA Ltd., Oracle Corporation, PricewaterhouseCoopers International Limited, QBE-ProSense GmbH, Ridgelinez Co., Ltd. by Fujitsu Limited, SAP SE, Siemens AG, Software AG, Suez Group, Treeni Sustainability Solutions, TUV SUD South Asia Pvt. Ltd., and UL LLC.

Market Segmentation & Coverage

This research report categorizes the Digital Circular Economy Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Services
  - Circular Economy Strategy Consulting Services
  - Product-as-a-Service
  - Recycling & Regulatory Compliance Services
  - Supply Chain Optimization Services
  - Sustainability & Environmental Consulting Services
- Software
  - 3D Printing Software
  - Blockchain And Traceability Software
  - Circular Design & Prototyping Software
  - Product Lifecycle Management (PLM) Software
  - Sharing & Machining Software
  - Supply Chain Management (SCM) Software
Technology
- Al & ML
- AR & VR
- Big Data Analytics
- Blockchain
- Cloud Computing
- IoT
Application
- Circular Economy Reporting And Compliance
- Circular Waste Management And Recycling
- Digital Resale And Reuse
- Resource Optimization And Efficiency
- Reverse Logistics And Remanufacturing
- Smart Material Selection & Testing
- Supply Chain And Materials Tracking
Vertical
- Automotive
- Construction & Building
- Consumer Electronics
- Energy & Utilities
- Healthcare & Medical Devices
- IT & Telecom
- Manufacturing
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Digital Circular Economy Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Digital Circular Economy Market?

3. What are the technology trends and regulatory frameworks in the Digital Circular Economy Market?

4. What is the market share of the leading vendors in the Digital Circular Economy Market?

5. Which modes and strategic moves are suitable for entering the Digital Circular Economy Market?

Product Code: MRR-564C6E98E51D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Digital Circular Economy Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing emphasis on sustainability and environmental conservation
  - 5.1.1.2. Increasing digitalization for efficient resource management
  - 5.1.1.3. Stringent regulations on waste management and energy efficiency
- 5.1.2. Restraints
  - 5.1.2.1. Technical complexities in digital circular economy
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of innovative digital circular economy platforms
  - 5.1.3.2. Strategic alliances to promote digitalization in the circular economy
- 5.1.4. Challenges
  - 5.1.4.1. Data security and privacy concerns associated with the digital circular economy
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Significant penetration of digital circular economy software
- 5.2.2. Technology: Proliferating use of AI & ML in digital circular economy solutions
- 5.2.3. Application: Widespread adoption for circular waste management and recycling
- 5.2.4. Vertical: Expanding applications of digital circular economy in consumer electronics
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Digital Circular Economy Market, by Offering

6.1. Introduction
6.2. Services
- 6.3.1. Circular Economy Strategy Consulting Services
- 6.3.2. Product-as-a-Service
- 6.3.3. Recycling & Regulatory Compliance Services
- 6.3.4. Supply Chain Optimization Services
- 6.3.5. Sustainability & Environmental Consulting Services
6.3. Software
- 6.4.1. 3D Printing Software
- 6.4.2. Blockchain And Traceability Software
- 6.4.3. Circular Design & Prototyping Software
- 6.4.4. Product Lifecycle Management (PLM) Software
- 6.4.5. Sharing & Machining Software
- 6.4.6. Supply Chain Management (SCM) Software

7. Digital Circular Economy Market, by Technology

7.1. Introduction
7.2. Al & ML
7.3. AR & VR
7.4. Big Data Analytics
7.5. Blockchain
7.6. Cloud Computing
7.7. IoT

8. Digital Circular Economy Market, by Application

8.1. Introduction
8.2. Circular Economy Reporting And Compliance
8.3. Circular Waste Management And Recycling
8.4. Digital Resale And Reuse
8.5. Resource Optimization And Efficiency
8.6. Reverse Logistics And Remanufacturing
8.7. Smart Material Selection & Testing
8.8. Supply Chain And Materials Tracking

9. Digital Circular Economy Market, by Vertical

9.1. Introduction
9.2. Automotive
9.3. Construction & Building
9.4. Consumer Electronics
9.5. Energy & Utilities
9.6. Healthcare & Medical Devices
9.7. IT & Telecom
9.8. Manufacturing

10. Americas Digital Circular Economy Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Digital Circular Economy Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Digital Circular Economy Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Agreement, Collaboration, & Partnership
  - 13.3.1.1. SAP and Versuni Announce Global Partnership Focused on Circular Economy and ESG
  - 13.3.1.2. Ridgelinez Begins Business Partnership with Resource Recycling Network, A General Incorporated Association in the Field of Waste Treatment and Recycling - Supporting the Creation of Circular Businesses that Promote A Circular Economy, From Strategy To Execution
- 13.3.2. New Product Launch & Enhancement
  - 13.3.2.1. CIWM Launches Digital Circular Economy Pack
  - 13.3.2.2. Circular Economy Project Launched to Tackle Digital Health Waste

14. Competitive Portfolio

14.1. Key Company Profiles
- 14.1.1. Accenture PLC
- 14.1.2. Amazon Web Services, Inc.
- 14.1.3. Anthesis Consulting Group
- 14.1.4. Capgemini Services SAS
- 14.1.5. Cisco Systems, Inc.
- 14.1.6. CSCS Ltd.
- 14.1.7. Dassault Systemes S.E.
- 14.1.8. geoFluxus B.V.
- 14.1.9. Hitachi Ltd.
- 14.1.10. Honeywell International Inc.
- 14.1.11. International Business Machines Corporation
- 14.1.12. iPoint-systems gmbh
- 14.1.13. KPMG International Limited
- 14.1.14. Landbell AG fur Ruckhol-Systeme
- 14.1.15. Lenzing AG
- 14.1.16. numi.circular
- 14.1.17. One Click LCA Ltd.
- 14.1.18. Oracle Corporation
- 14.1.19. PricewaterhouseCoopers International Limited
- 14.1.20. QBE-ProSense GmbH
- 14.1.21. Ridgelinez Co., Ltd. by Fujitsu Limited
- 14.1.22. SAP SE
- 14.1.23. Siemens AG
- 14.1.24. Software AG
- 14.1.25. Suez Group
- 14.1.26. Treeni Sustainability Solutions
- 14.1.27. TUV SUD South Asia Pvt. Ltd.
- 14.1.28. UL LLC
14.2. Key Product Portfolio

15. Appendix

15.1. Discussion Guide
15.2. License & Pricing