PUBLISHER: The Business Research Company | PRODUCT CODE: 1503929
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503929
Waste management software is a digital solution aimed at aiding businesses in effectively and responsibly managing diverse waste types. Its functions encompass monitoring and minimizing waste, reducing expenses, ensuring compliance with industry regulations, and optimizing operational processes.
The types of waste management software include waste hauling software, waste tracking software, route management software, scale software, recycling software, maintenance software, among others. Waste hauling software, for instance, is tailored to streamline and automate the activities of waste hauling companies, facilitating efficient management of scheduling, dispatching, and tracking of waste collection vehicles and crews. Various technologies such as Bluetooth, real-time locating system (RTLS), radio frequency identification (RFID), and Wi-Fi are employed in both cloud-based and on-premises setups, catering to applications across municipal, retail, manufacturing, healthcare, and other sectors.
The waste management software market research report is one of a series of new reports from The Business Research Company that provides waste management software market statistics, including waste management software industry global market size, regional shares, competitors with a waste management software market share, detailed waste management software market segments, market trends and opportunities, and any further data you may need to thrive in the waste management software industry. This waste management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The waste management software market size has grown strongly in recent years. It will grow from $9.42 billion in 2023 to $10.22 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The expansion witnessed in the historical period can be ascribed to heightened awareness regarding environmental concerns, the rise in urbanization and industrialization, greater acknowledgment of sustainability issues, stricter environmental regulations, and the necessity for enhanced data collection capabilities.
The waste management software market size is expected to see strong growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period is expected to be fueled by an uptick in waste volume, increasing demand for fleet management solutions, adherence to environmental regulations, efforts to enhance operational efficiency and reduce costs, and a global shift towards embracing the circular economy concept. Notable trends anticipated in the forecast period include advancements in technology, continuous product innovation, the demand for inventive software solutions, the development of mobile applications for remote management and tracking purposes, the integration of connected devices, and the proliferation of the Internet of Things (IoT).
The waste management software market is anticipated to experience growth due to the increasing volume of waste. Urban areas, fueled by population migration and concentrated consumption patterns, generate significant waste, necessitating efficient management solutions. Waste management software improves operational efficiency and cost-effectiveness by automating tasks such as pickup scheduling, vehicle routing, waste tracking, and report generation. For example, in June 2023, Statistics Finland reported a 7.5% increase in waste generation compared to the previous year, with approximately 125 million metric tons generated in 2021. Consequently, the escalating volume of waste is a key driver of the waste management software market's expansion.
Leading companies in the waste management software sector are concentrating on digital technology solutions, including e-waste recycling software, to enhance their offerings. These solutions streamline and optimize electronic waste (e-waste) management, improving efficiency, transparency, and compliance throughout the recycling process. For instance, in September 2023, Zolo introduced Zolo Single Touch, an innovative e-waste recycling solution aimed at addressing industry challenges. This software offers features such as real-time impact visualization, simplified recycling inventory uploads, and comprehensive tracking capabilities to streamline e-waste management while ensuring data security and compliance with ISO regulations.
In October 2021, Access Group, a UK-based provider of business management software, acquired Isys Interactive Systems Ltd. for an undisclosed amount. The acquisition expands its software portfolio to support key industry sectors. Isys Interactive Systems Ltd. is a UK-based provider of waste management software.
Major companies operating in the waste management software market are SAP SE, Wastebits LLC, ReMatter, AMCS Group, P&L Software Systems Ltd., Alpine Technology Inc., Waste Harmonics LLC, WAM Software Inc., ServiceCore LLC, Whip Around Ltd., Paradigm Software LLC, Soft-Pak Inc., 21st Century Programming, Hauler Hero, Emerge Knowledge Design Inc., Cairn Applications LLC, SFS Chemical Safety, TMS Solutions Ltd., Enevo Inc., cieTrade Systems Inc., TRUX Route Management Systems Inc., Waste Logics Software Limited, PegEx Inc.
North America was the largest region in the waste management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waste management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the waste management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The waste management software market consists of revenues earned by entities by providing services such as compliance management, route planning and optimization, record-keeping and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. The waste management software market also includes sales of waste management mobile apps, waste management integration software, waste data analysis and reporting software. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Waste Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on waste management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for waste management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The waste management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.