This report describes and explains the digital circular economy market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global digital circular economy market reached a value of nearly $2.9 billion in 2024, having grown at a compound annual growth rate (CAGR) of 21.90% since 2019. The market is expected to grow from $2.9 billion in 2024 to $8.6 billion in 2029 at a rate of 24.29%. The market is then expected to grow at a CAGR of 23.58% from 2029 and reach $24.8 billion in 2034.
Growth in the historic period resulted from investment and funding for circular startups, rise in smart city initiatives, growth in government initiatives and rise of the sharing economy. Factors that negatively affected growth in the historic period were high initial investment costs and lack of standardized regulations.
Going forward, increase in demand for sustainable products, rise in digital transformation across industries, surge in e-waste awareness and increasing adoption of AI, IoT and blockchain will drive the growth. Factors that could hinder the growth of the digital circular economy market in the future include data security concerns and lack of skilled personnel.
North America was the largest region in the digital circular economy market, accounting for 31.13% or $903.24 million of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the digital circular economy market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 30.26% and 28.49% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 25.90% and 25.62% respectively.
The global digital circular economy market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 18.76% of the total market in 2023. SAP SE was the largest competitor with a 3.15% share of the market, followed by International Business Machines Corporation with 2.83%, Microsoft Corporation with 2.61%, Alphabet Inc. with 2.32%, Oracle Corporation with 2.15%, Capgemini SE with 1.32%, Cisco Systems Inc. with 1.16%, Rubicon Technologies LLC with 1.13%, Accenture plc with 1.07% and Dassault Systèmes SE with 1.02%.
The digital circular economy market is segmented by offering into software and services. The software market was the largest segment of the digital circular economy market segmented by offering, accounting for 34.66% or $1.87 billion of the total in 2024. Going forward, the software segment is expected to be the fastest growing segment in the digital circular economy market segmented by offering, at a CAGR of 27.37% during 2024-2029.
The digital circular economy market is segmented by technology into blockchain and distributed ledger technology, internet of things (IOT), artificial intelligence (AI) and machine learning (ML), virtual reality (VR) and augmented reality (AR), virtual reality (VR)-based training, cloud computing and other technologies. The internet of things (IOT) market was the largest segment of the digital circular economy market segmented by technology, accounting for 27.39% or $794.59 million of the total in 2024. Going forward, the artificial intelligence (AI) and machine learning (ML) segment is expected to be the fastest growing segment in the digital circular economy market segmented by technology, at a CAGR of 36.54% during 2024-2029.
The digital circular economy market is segmented by application into supply chain and material tracking, resource optimization and efficiency, digital resale and reuse, reverse logistics and remanufacturing, circular economy reporting and compliance, circular waste management and recycling, smart material selection and testing and other applications. The digital resale and reuse market was the largest segment of the digital circular economy market segmented by application, accounting for 19.65% or $570.1 million of the total in 2024. Going forward, the digital resale and reuse segment is expected to be the fastest growing segment in the digital circular economy market segmented by application, at a CAGR of 34.75% during 2024-2029.
The digital circular economy market is segmented by end-user into consumer electronics, information technology (IT) and telecom, automotive, manufacturing, construction and building and other end users. The consumer electronics market was the largest segment of the digital circular economy market segmented by end-user, accounting for 29.38% or $852.33 million of the total in 2024. Going forward, the information technology (IT) and telecom segment is expected to be the fastest growing segment in the digital circular economy market segmented by end-user, at a CAGR of 30.27% during 2024-2029.
The top opportunities in the digital circular economy markets segmented by offering will arise in the software segment, which will gain $4.41 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by technology will arise in the artificial intelligence (AI) and machine learning (ML) segment, which will gain $2.01 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by application will arise in the digital resale and reuse segment, which will gain $1.96 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by end-user will arise in the information technology (IT) and telecom segment, which will gain $1.71 billion of global annual sales by 2029. The digital circular economy market size will gain the most in the USA at $1.2 billion.
Market-trend-based strategies for the digital circular economy market include revolutionizing waste management with advanced SaaS solutions for sustainability and compliance, new waste management software to boost US recycling efficiency, introduction of integrated solutions for efficient infrastructure lifecycle management and strategic partnerships driving sustainability and advancing the circular economy.
Player-adopted strategies in the digital circular economy market include focus on strengthening business operations through new launching new product solutions and strategic partnerships to better serve the industry and to develop business expertise.
To take advantage of the opportunities, the analyst recommends the digital circular economy companies to focus on scaling saas platforms to address compliance and efficiency in waste management, focus on expanding integrated waste management software to improve us recycling efficiency, focus on integrated asset lifecycle management solutions, focus on integrated asset lifecycle management solutions, focus on artificial intelligence and machine learning to maximize growth, expand in emerging markets, expand in emerging markets, expand in emerging markets, strengthen digital and content marketing efforts, collaborate with influencers and industry partners, focus on digital resale and reuse to capture high-growth demand, focus on information technology and telecom for long-term growth leadership.
The global digital circular economy market reached a value of nearly $2.9 billion in 2024, having grown at a compound annual growth rate (CAGR) of 21.90% since 2019. The market is expected to grow from $2.9 billion in 2024 to $8.6 billion in 2029 at a rate of 24.29%. The market is then expected to grow at a CAGR of 23.58% from 2029 and reach $24.8 billion in 2034.
Growth in the historic period resulted from investment and funding for circular startups, rise in smart city initiatives, growth in government initiatives and rise of the sharing economy. Factors that negatively affected growth in the historic period were high initial investment costs and lack of standardized regulations.
Going forward, increase in demand for sustainable products, rise in digital transformation across industries, surge in e-waste awareness and increasing adoption of AI, IoT and blockchain will drive the growth. Factors that could hinder the growth of the digital circular economy market in the future include data security concerns and lack of skilled personnel.
North America was the largest region in the digital circular economy market, accounting for 31.13% or $903.24 million of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the digital circular economy market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 30.26% and 28.49% respectively. These will be followed by Africa and South America where the markets are expected to grow at CAGRs of 25.90% and 25.62% respectively.
The global digital circular economy market is fairly fragmented, with a large number of small players in the market. The top ten competitors in the market made up to 18.76% of the total market in 2023. SAP SE was the largest competitor with a 3.15% share of the market, followed by International Business Machines Corporation with 2.83%, Microsoft Corporation with 2.61%, Alphabet Inc. with 2.32%, Oracle Corporation with 2.15%, Capgemini SE with 1.32%, Cisco Systems Inc. with 1.16%, Rubicon Technologies LLC with 1.13%, Accenture plc with 1.07% and Dassault Systèmes SE with 1.02%.
The digital circular economy market is segmented by offering into software and services. The software market was the largest segment of the digital circular economy market segmented by offering, accounting for 34.66% or $1.87 billion of the total in 2024. Going forward, the software segment is expected to be the fastest growing segment in the digital circular economy market segmented by offering, at a CAGR of 27.37% during 2024-2029.
The digital circular economy market is segmented by technology into blockchain and distributed ledger technology, internet of things (IOT), artificial intelligence (AI) and machine learning (ML), virtual reality (VR) and augmented reality (AR), virtual reality (VR)-based training, cloud computing and other technologies. The internet of things (IOT) market was the largest segment of the digital circular economy market segmented by technology, accounting for 27.39% or $794.59 million of the total in 2024. Going forward, the artificial intelligence (AI) and machine learning (ML) segment is expected to be the fastest growing segment in the digital circular economy market segmented by technology, at a CAGR of 36.54% during 2024-2029.
The digital circular economy market is segmented by application into supply chain and material tracking, resource optimization and efficiency, digital resale and reuse, reverse logistics and remanufacturing, circular economy reporting and compliance, circular waste management and recycling, smart material selection and testing and other applications. The digital resale and reuse market was the largest segment of the digital circular economy market segmented by application, accounting for 19.65% or $570.1 million of the total in 2024. Going forward, the digital resale and reuse segment is expected to be the fastest growing segment in the digital circular economy market segmented by application, at a CAGR of 34.75% during 2024-2029.
The digital circular economy market is segmented by end-user into consumer electronics, information technology (IT) and telecom, automotive, manufacturing, construction and building and other end users. The consumer electronics market was the largest segment of the digital circular economy market segmented by end-user, accounting for 29.38% or $852.33 million of the total in 2024. Going forward, the information technology (IT) and telecom segment is expected to be the fastest growing segment in the digital circular economy market segmented by end-user, at a CAGR of 30.27% during 2024-2029.
The top opportunities in the digital circular economy markets segmented by offering will arise in the software segment, which will gain $4.41 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by technology will arise in the artificial intelligence (AI) and machine learning (ML) segment, which will gain $2.01 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by application will arise in the digital resale and reuse segment, which will gain $1.96 billion of global annual sales by 2029. The top opportunities in the digital circular economy markets segmented by end-user will arise in the information technology (IT) and telecom segment, which will gain $1.71 billion of global annual sales by 2029. The digital circular economy market size will gain the most in the USA at $1.2 billion.
Market-trend-based strategies for the digital circular economy market include revolutionizing waste management with advanced SaaS solutions for sustainability and compliance, new waste management software to boost US recycling efficiency, introduction of integrated solutions for efficient infrastructure lifecycle management and strategic partnerships driving sustainability and advancing the circular economy.
Player-adopted strategies in the digital circular economy market include focus on strengthening business operations through new launching new product solutions and strategic partnerships to better serve the industry and to develop business expertise.
To take advantage of the opportunities, the analyst recommends the digital circular economy companies to focus on scaling saas platforms to address compliance and efficiency in waste management, focus on expanding integrated waste management software to improve us recycling efficiency, focus on integrated asset lifecycle management solutions, focus on integrated asset lifecycle management solutions, focus on artificial intelligence and machine learning to maximize growth, expand in emerging markets, expand in emerging markets, expand in emerging markets, strengthen digital and content marketing efforts, collaborate with influencers and industry partners, focus on digital resale and reuse to capture high-growth demand, focus on information technology and telecom for long-term growth leadership.
Major Market Trends
- Revolutionizing Waste Management with Advanced SaaS Solutions for Sustainability and Compliance
- New Waste Management Software to Boost US Recycling Efficiency
- Introduction of Integrated Solutions for Efficient Infrastructure Lifecycle Management
- Strategic Partnerships Driving Sustainability and Advancing the Circular Economy
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Digital Circular Economy Growth Analysis and Strategic Analysis Framework
9 Global Digital Circular Economy Market Segmentation
10 Digital Circular Economy Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in Digital Circular Economy
24 Opportunities and Strategies
25 Digital Circular Economy Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Digital Circular Economy Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global digital circular economy market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
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- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for digital circular economy? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The digital circular economy market global report 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 history and forecasts market growth by geography. It places the market within the context of the wider digital circular economy market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by offering, by technology, by application and by end-user.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size and Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by offering, by technology, by application and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for digital circular economy market providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
1) by Offering: Software; Services
2) by Technology: Blockchain and Distributed Ledger Technology; Internet of Things (IOT); Artificial Intelligence (AI) and machine Learning (ML); Virtual Reality (VR) and Augmented Reality (AR); Virtual Reality (VR)-Based Training; Cloud Computing; Other Technologies
3) by Application: Supply Chain and Material Tracking; Resource Optimization and Efficiency; Digital Resale and Reuse; Reverse Logistics and Remanufacturing; Circular Economy Reporting and Compliance; Circular Waste Management and Recycling; Smart Material Selection and Testing; Other Applications
4) End-User: Consumer Electronics; Information Technology (IT) and Telecom; Automotive; Manufacturing; Construction and Building; Other End Users
Key Companies Profiled: SAP SE; International Business Machines Corporation; Microsoft Corporation; Alphabet Inc.; Oracle Corporation
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; digital circular economy indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
The companies featured in this Digital Circular Economy market report include:- SAP SE
- International Business Machines Corporation
- Microsoft Corporation
- Alphabet Inc.
- Oracle Corporation
- Capgemini SE
- Cisco Systems Inc.
- Rubicon Technologies LLC
- Accenture plc
- Dassault Systèmes SE
- Unilever PLC
- Oyster Able Co., Ltd
- UL
- Recykal
- Siemens Advanta
- SK Ecoplant
- PolyCycl Private Limited
- ATRenew
- Procter & Gamble
- Building Research Establishment
- Reboxed, a limited
- Landbell Group
- Schneider Electric SE
- Fujitsu Limited
- Mitsubishi Electric Corporation
- Infineon Technologies AG
- Reconomy
- ERVOeco
- Green Group
- Flex Ltd.
- ISB Global
- Generate Capital, PBC
- Diversys Software Inc
- RecycleSmart Solutions
- GreenMantra Technologies
- Enerkem
- Deep Sky
- Sinctronics
- Valopes
- Braskem
- Eureciclo
- EatCloud
- Ambipar
- Ecocitex
- Cybercirujas
- Aramco Digital
- TIPA
- GreenSpense
- SABIC
- Tadweer Group
- Dulsco Environment
- Ericsson
- BEEAH Recycling
- Al Dhafra Recycling Industries
- FREEE Recycle Limited
- Cycliq
- Recyclobekia
- DSV Egypt
- Wecyclers
- Maltento
- Yaga
- Hitachi Social Innovation
- ECOTYRES SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 373 |
| Published | April 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 2.9 Billion |
| Forecasted Market Value ( USD | $ 24.8 Billion |
| Compound Annual Growth Rate | 23.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 64 |
