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The smart waste management market is projected to grow from USD 1.08 billion in 2016 to USD 2.37 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.9% due to increase in the number of smart city initiatives and strict regulations imposed by regulating bodies for environment protection and waste disposal.
Optimization solutions segment is estimated to grow at the highest rate during the forecast period. The key trends contributing to this market growth are the increased usage of connected devices that help in easing the monitoring and tracking of fleets and workforce.
The manufacturing and industrial application is expected to have the largest market size during the forecast period due to generation of large quantities of waste. The waste generated from chemicals and manufacturing facilities is hazardous and has different disposal regulations, which have led the manufacturing and industrial application segment to focus more on smart waste management.
Complete report on smart waste management market spread across 146 pages, profiling 9 companies and supported with 67 tables and 44 figures is now available at http://www.rnrmarketresearch.com/smart-waste-management-market-by-solution-asset-management-analytics-reporting-fleet-tracking-monitoring-mobile-workforce-management-service-consulting-managed-application-retail-manufacturing-healt-st-to-2021-market-report.html .
North America is expected to hold the largest market share of the smart waste management market in 2016 owing to strict regulations and technological advancements. APAC is expected to have the highest growth rate during the forecast period owingto the increasing adoption of technology and cheap availability of connectivity hardware.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of the profiles of primary discussion participants is given below.
By Company: Tier-1 (55%), Tier-2 (20%), and Tier-3 (25%) companies
By Designation: C-level (60%), Director Level (25 %), and Others (15%)
By Region: North America (10 %), Europe (20%), APAC (40%), and Rest of World (30%)
The major trends in the smart waste management market include increasing generation of waste resulting in landfill problems and the need for operational efficiency for waste collection service providers. Huge opportunities are present for smart waste management in the untapped geographic regions, especially in the Middle East and Latin America.
The report also contains the profiling and competitive landscape of the major technology vendors. Some of the major technology vendors include IBM Corporation, SAP SE, Waste Management, Inc., Enevo Oy, BigBelly Solar, Inc., SmartBin, Ecube Labs, Urbiotica SL, WAVIoT, and Pepperl+Fuchs. Request a discount on Smart Waste Management Market by Solution (Asset Management, Analytics & Reporting, Fleet Tracking & Monitoring, Mobile Workforce Management), Service (Consulting, Managed), Application (Retail, Manufacturing, Healthcare) - Global Forecast to 2021 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=654849 .
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the smart waste management market; high-growth regions; and market drivers, restraints, and opportunities.
On a related note, another report on Plastic Waste Management Market Global Forecast to 2020 says, the demand for plastic waste management services is projected to grow at a CAGR of 3.02%, in terms of value, from 2015 to 2020. The recycled plastics market is projected to witness the highest demand from packaging manufacturers. The Asia-Pacific region is estimated to account for the largest market share. This report analyzes various trends and establishes the most effective growth strategy in the market. Veolia Environnement S.A. (France), SUEZ Environnement Company (France), Waste Management Inc. (U.S.), Republic Services Inc. (U.S.), and Stericycle Inc. (U.S.) have been profiled in this research report available at http://www.rnrmarketresearch.com/plastic-waste-management-market-by-service-equipment-collection-recycling-incineration-disposal-polymer-pp-ldpe-hdpe-source-commercial-residential-industrial-end-use-sector-packaging-construction-textile-global-forecast-to-20-market-report.html .
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