Upsurging demand for efficient management of waste generated is driving the market growth. Favorable regulation and laws imposed on the reduction of emission of greenhouse gases are again pushing the market growth. Robust demand from waste recycling companies to maximize productivity and reduce operating cost is further boosting the market growth. Various sustainability initiatives such as zero waste to landfill targets by governments of both developed and developing nations are also contributing the market growth. Additionally, ongoing advancement for the development of more efficient techniques for better recycling activities is expected to propel the market growth in the forecast period.
The latest report by Value Market Research expects the Global Waste Management Software Market to reach USD 13.9 billion by 2025. It was valued USD 8.1 billion in 2018. The report foresees a 8% CAGR from 2019 to 2025.
WASTE HAULING AND TRACKING ARE LEADING SEGMENTS
On the basis of types, waste hauling and tracking dominated the segment and has accounted for maximum market share. Rising adoption of hauling and tracking software to minimize operational cost, increase productivity, offers a real-time update, and improve compliances is driving the market growth. Also, rising adoption of tracking and monitoring software for trip planning, route tracking, empty bin tracking is further boosting its demand.
WIFI DOMINATED THE SEGMENT
By technology, Wifi led the segment in 2018. Advantages offered by wifi are low capital expenditure, the total cost of ownership, ease of management & remote troubleshooting, faster deployment, and end-to-end visibility is driving its demand for waste management. The robust increase in the deployment of public wi-fi across physical venues leading to higher demand for high-speed and widespread network coverage is further fueling the segment growth.
ON-PREMISE DOMINATED THE DEPLOYMENT TYPE
By deployment, Owing to the lower total cost of ownership over cloud-based service is driving the segment growth. Also, on-premise software offers higher security, customization, and better control over the implementation process are fueling the segment demand.
MUNICIPAL EMERGED AS THE LEADING APPLICATION SEGMENT
By application, municipal led the segment in 2018 owing to a key contributor in waste collection, management, and recycling process. Various initiatives and awareness campaign were taken by the governments and municipal for efficient waste management are driving the segment growth.
NORTH AMERICA LED THE REGIONAL MARKET
Geographically, North America dominated the market in 2018. Growing environmental concerns coupled with the ongoing development of effective waste treatment technologies are driving the North America waste management software.
MAJOR PLAYERS OF THE MARKET
Some of the prominent players of the market are Carolina Software, Inc., Chemical Safety Software, Crowd, Inc., Enablon (Wolters Kluwer), Enviance, Inc., Geoware Inc., Intelex Technologies, ISB Global, iTouchVision, SoftExpert, Terralink Systems Inc., TMW Systems Inc., and TRUX
As per this study the Global Waste Management Software Market was valued USD X.X BN (by revenue) in 2019 and is anticipated to reach USD XX.X BN by 2026 with a CAGR of X%.
Waste management software is software that manages end-to-end waste logistics and recycling process. Basically, it controls all operations right from collection of waste from point of generation, transportation of waste followed by its disposal at the disposal facility. It is widely accepted by large and small enterprises for proper waste disposal.
Rising need of an efficient solution for waste management is driving the market growth. Stringent governmental mandates on waste disposable and sustainability initiatives such as zero waste to landfill targets are also contributing the market growth. Also, rising demand for smart cities coupled with strict regulation for environment protection is again boosting the market growth. Whereas, the high installation cost is likely to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of waste management software.
The broad waste management software market has been sub-grouped into software type, component, technology and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Software Type
- Waste Hauling Software
- Waste Tracking Software
- Route Management Software
- Scale Software
- Recycling Software
- Maintenance Software
- Cloud Based Software
- On-Premise Software
- Real-Time Locating System (RTLS)
- Radio Frequency Identification (RFID)
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for waste management software in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Waste Management Software Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the waste management software market include Carolina Software, Inc., Chemical Safety Software, Crowd, Inc., Enablon (Wolters Kluwer), Enviance, Inc., Geoware Inc., Intelex Technologies, ISB Global, iTouchVision, SoftExpert, Terralink Systems Inc., TMW Systems Inc. and TRUX among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.