Digital Circular Economy Market Valued US$ 15.88 Billion and Projected Grow at 24.4% CAGR by 2032

New York, April 02, 2024 (Polaris Market Research) According to a new market research report published by Polaris Market Research, the global Digital Circular Economy Market is expected to grow at a CAGR of 24.4% from 2024 to 2032. Growing research studies and rising familiarity with digital circular economy tools are anticipated to drive market expansion.

The concept of circular economy has gained significant traction in recent times. Put simply, a circular economy is an economic system that's based on the reuse and regeneration of materials or products. It uses processes such as reuse, refurbishment, recycling, and composting to keep materials in circulation for the longest time possible. The concept of circular economy is based on three main principles, which include eliminating waste and pollution, circulating products and materials, and regenerating nature. A digital circular economy takes the help of novel technologies such as AI, blockchain, and data analytics to enhance resource allocation and improve the tracking and management of raw materials.

The global digital circular economy market was valued at USD 2.22 billion in 2023 to USD 15.88 billion by 2032, revealing a CAGR of 24.4% during the forecast period of 2024 to 2032.
The market is witnessing robust growth, owing to the increasing emphasis on reaching sustainable development goals. Besides, the rising e-waste due to the increased accessibility of consumer electronics is another factor supporting the development of the industry.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/digital-circular-economy-market/request-for-sample

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
• The market for digital circular economy is primarily segmented based on offering, technology, application, vertical, and region.
• By offering analysis, the Product Lifecycle Management (PLM) Software segment is expected to witness the highest growth as it enables manufacturers to monitor products throughout their lifecycle.
• By technology analysis, the IoT segment accounted for the largest market share as it can offer optimized and traceable management of resources.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
• Anthesis Group
• AWS
• Capgemini
• Cisco
• Dassault Systemes
• GeoFluxus
• Honeywell
• IBM
• iPoint Systems
• Ingram Micro
• KPMG
• Landbell Group
• Lenzing
• Oracle

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/Homecontroller/buyReport

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
𝐁𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠
• Software
• Supply Chain Management (SCM) Software
• Product Lifecycle Management (PLM) Software
• Blockchain And Traceability Software
• Circular Design And Prototyping Software
• 3D Printing Software
• Sharing & Machining Software
• Others
• Services
• Circular Economy Strategy Consulting Services
• Sustainability & Environmental Consulting Services
• Supply Chain Optimization Services
• Product-as-a-Service
• Recycling & Regulatory Compliance Services
• Other

𝐁𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲
• Blockchain And Distributed Ledger Technology (DLT)
• IoT
• AI & ML
• AR & VR
• VR-Based Training
• Cloud Computing
• Big Data Analytics
• Other Technologies

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/digital-circular-economy-market

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:
• Product Lifecycle Management (PLM) software segment is anticipated to witness the highest growth in the coming years due to its optimal resource management.
• IoT segment accounted for the largest market share owing to the increased ability ensure transparent resource utilization.
• Digital re-sale & re-use segment is projected to experience a larger revenue share due to the value creation of used items.
• Asia Pacific is expected to have the fastest growth owing to increasing government investments to promote the green economy.
• The global players include Anthesis Group, AWS, Capgemini, Cisco, Dassault Systemes, GeoFluxus, Honeywell, IBM, iPoint Systems, & Ingram Micro.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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This release was published on openPR.