Overview and Scope
Waste management software is a digital platform designed to assist businesses in managing various types of waste efficiently and responsibly. It helps monitor and minimize waste, reduce costs, comply with industry standards, and enhance operational efficiency.
Sizing and Forecast
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 growth in the historic period can be attributed to growing awareness of environmental issues, growth in urbanization and industrialization, increased awareness of sustainability issues, stricter environmental restrictions, and the and the need for improved 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 can be attributed to an increasing volume of waste, growing demand for fleet management solutions, environmental rules and compliance, operational efficiency and cost reduction, and a and a global focus on the circular economy. Major trends in the forecast period include technological advancements, product innovation, the need for creative software solutions, the creation of mobile applications for remote management and tracking, the use of connected devices, and the Internet of Things (IoT).
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Segmentation & Regional Insights
The waste management software market covered in this report is segmented –
1) By Type: Waste Hauling Software, Waste Tracking Software, Route Management Software, Scale Software, Recycling Software, Maintenance Software, Other Types
2) By Technology: Bluetooth, Real-Time Locating System (RTLS), Radio Frequency Identification (RFID), Wi-Fi, Other Technologies
3) By Deployment: Cloud-Based, On-Premises
4) By Application: Municipal, Retail, Manufacturing, Healthcare, Other Applications
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.
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Major Driver Impacting Market Growth
The increasing volume of waste is expected to propel the growth of the waste management software market going forward. With more people moving to cities, urban areas produce significant waste due to concentrated consumption patterns and infrastructure demands. Waste management software enhances operational efficiency and cost-effectiveness by automating pickup scheduling, vehicle routing, waste tracking, and report generation. For instance, in June 2023, according to a report published by Statistics Finland, a Finland-based national statistical institute, approximately 125 million metric tons of waste were generated in 2021. This represents a 7.5% increase compared to the previous year. Therefore, the increasing volume of waste is driving the growth of the waste management software market.
Key Industry Players
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.
The waste management software market report table of contents includes:
1. Executive Summary
2. Waste Management Software Market Characteristics
3. Waste Management Software Market Trends And Strategies
4. Waste Management Software Market – Macro Economic Scenario
5. Global Waste Management Software Market Size and Growth
….
32. Global Waste Management Software Market Competitive Benchmarking
33. Global Waste Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Waste Management Software Market
35. Waste Management Software Market Future Outlook and Potential Analysis
36. Appendix
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