The Market Reports

Synopsis

The global market for Digital Smart Waste Management Solution was estimated to be worth US$ 590 million in 2024 and is forecast to a readjusted size of US$ 1989 million by 2031 with a CAGR of 18.8% during the forecast period 2025-2031.

Digital smart waste management refers to any system that uses technology to make trash collection more efficient, cost-effective and environmentally friendly. Most of these systems are equipped with the Internet of Things (IoT), a monitoring technology that collects and tracks real-time data, which gives municipalities, cities and waste collectors the ability to optimize their waste operations, become more sustainable, and make smarter business decisions. Smart waste management focuses on solving the previously mentioned solid waste management problems using sensors, intelligent monitoring systems, and mobile applications.

The first smart waste management solution to make the waste collection process more efficient is sensors. Sensors can measure the fill level of the containers and provide updated information at any time and notify waste management services to empty them when they are full or almost full. These devices help optimize the best possible route containing fully filled containers and create smart schedules for drivers. The selection of the containers also minimizes the need for trash collection staff because their duties are deduced. They can also alert the waste management companies or municipalities if an undesirable incident happens such as sudden temperature rise or displacement of the container by their GPS features. IoT solutions for solid waste management problems offer municipalities data intelligence and real-time insights. In that regard, the fill patterns of specific containers can be identified by historical data and managed accordingly in the long term. In addition to hardware solutions, mobile applications are used to overcome the challenges in the regular waste management system, such as keeping track of the drivers while they are operating on the field. This report focuses on the equipment (mainly sensors) and the waste management software used in the digital smart waste management solution.

Waste Vision is the world's largest manufacturers of the Digital Smart Waste Management Solution with a market share of about 18%. Other major manufacturers include RecycleSmart, Bell and Bigbelly, etc. The Europe region is the world's largest market for Digital Smart Waste Management Solution, has a share about 52%, followed by North America, with share about 40%. In terms of product types, software and service is the largest market segment, occupying for a share of about 63%. In terms of product applications, Digital Smart Waste Management Solution is mainly used in municipal waste, with a market share of 85%, followed by industrial waste.

This report aims to provide a comprehensive presentation of the global market for Digital Smart Waste Management Solution, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Digital Smart Waste Management Solution by region & country, by Type, and by Application.

The Digital Smart Waste Management Solution market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Digital Smart Waste Management Solution.

Market Segmentation
By Company

• Waste Vision
• RecycleSmart
• Bell
• Bigbelly
• Evreka
• Waste Solutions
• Enevo
• Ecube Labs
• Sigrenea
• Wellness TechGroup
• Waste Harmonics
• Compology
• Tekelek
• BH Technologies
• Mr. Fill
• Superfy
• BrighterBins
• RealPage (Thoma Bravo)
• Sensoneo
• TST Sistemas
• Libelium
• Abel Sensors
• Faststream
• EcoMobile
• MaxBotix

Segment by Type

• Hardware
• Software and Service

Segment by Application

• Industrial Waste
• Municipal Waste

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.