HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: TC 4479

 

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The smart waste management market is expected to grow owing to the increasing number of smart city initiatives and strict government regulations. It is estimated 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%. The year 2015 has been considered as the base year for the study, while the forecast period is from 2016 to 2021.

The objective of the report is to define, describe, and forecast the smart waste management market on the basis of solutions, services, applications, and regions and also to provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used to estimate and forecast the smart waste management market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The breakdown of the profiles of primary discussion participants is depicted in the below figure:

Smart Waste Management Market

To know about the assumptions considered for the study, download the pdf brochure

The smart waste management ecosystem comprises solution vendors, such as IBM Corporation, SAP SE, Waste Management, Inc., Enevo Oy, BigBelly Solar, Inc., SmartBin, Ecube Labs, Urbiotica SL, WAVIoT, and Pepperl+Fuchs; service providers; system integrators; and end users. Other stakeholders of the smart waste management market include service providers, consulting service providers, IT service providers, resellers, enterprise users, and technology providers.

The target audiences of the market report are given below:

  • Government and regulatory bodies
  • Smart waste solution vendors
  • Municipal corporations
  • Waste management associations
  • Platform providers
  • Network solution providers
  • Consulting firms
  • System integrators
  • Managed service providers

“The study answers several questions for the stakeholders; primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the smart waste management market to forecast the market size and analyze the trends in each of the following sub-markets:

Market by Solution:

  • Optimization Solutions
  • Analytics and Reporting Solutions
  • Asset Management
  • Network Management
  • Others

Market by Service:

  • Professional Services
  • Managed Services

Market by Application:

  • Food & Retail
  • Construction
  • Manufacturing & Industrial
  • HealthCare
  • Municipalities
  • Colleges & Universities

Market by Region:

  • North America
  • Europe
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American market
  • Further breakdown of the European market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin American smart waste management market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Report
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered in the Report
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Smart Waste Management Market
    4.2 Smart Waste Management Market, By Region (2016 vs 2021)
    4.3 Smart Waste Management Market, By Application, 2016-2021
    4.4 Smart Waste Management Market, Regions vs Solutions, 2016–2021
    4.5 Lifecycle Analysis, By Region 2016
    4.6 Market Investment Scenario

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Service
           5.3.3 By Application
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Need for Energy and Time Efficiency
                    5.4.1.2 Need to Adhere to the Regulatory Compliances
                    5.4.1.3 Increasing Smart City Initiatives
           5.4.2 Restraints
                    5.4.2.1 Lack of Proper Funding and High Initial Cost
                    5.4.2.2 Low Level of Operational Efficiency and Technology Infrastructure in the Emerging Countries
           5.4.3 Opportunities
                    5.4.3.1 Evolution of Internet of Things and Smart Technology
                    5.4.3.2 Environmental Concerns and Green Initiatives
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness Regarding Smart Waste Management Solutions

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Strategic Benchmarking

7 Smart Waste Management Market Analysis, By Solution (Page No. - 46)
    7.1 Introduction
    7.2 Optimization Solutions
           7.2.1 Fleet Tracking and Monitoring
           7.2.2 Remote Device Monitoring
           7.2.3 Mobile Workforce Management
    7.3 Analytics and Reporting Solutions
           7.3.1 Advanced Analytics
           7.3.2 Data Management
           7.3.3 Dashboards and Platforms
    7.4 Asset Management
    7.5 Network Management
    7.6 Others

8 Smart Waste Management Market Analysis, By Service (Page No. - 58)
    8.1 Introduction
    8.2 Professional Services
           8.2.1 Consulting Services
           8.2.2 Integration and Deployment Services
           8.2.3 Support and Maintenance Services
    8.3 Managed Services

9 Smart Waste Management Market Analysis, By Application (Page No. - 65)
    9.1 Introduction
    9.2 Manufacturing and Industrial
    9.3 Food and Retail
    9.4 Municipalities
    9.5 Construction
    9.6 Healthcare
    9.7 Colleges and Universities

10 Geographic Analysis (Page No. - 71)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific (APAC)
     10.5 Middle East and Africa (MEA)
     10.6 Latin America

11 Competitive Landscape (Page No. - 94)
     11.1 Overview
     11.2 Portfolio Comparison
     11.3 Competitive Situation and Trends
             11.3.1 Partnerships and Collaborations
             11.3.2 Business Expansions
             11.3.3 New Product Launches
             11.3.4 Mergers and Acquisitions

12 Company Profiles (Page No. - 100)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 IBM Corporation
     12.3 SAP SE
     12.4 Waste Management, Inc.
     12.5 Enevo OY
     12.6 Bigbelly Solar, Inc.
     12.7 Smartbin
     12.8 Ecube Labs Co., Ltd.
     12.9 Urbiσtica, S.L
     12.10 Waviot
     12.11 Pepperl+Fuchs GmbH

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 123)
     13.1 Insight of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (71 Tables)

Table 1 Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 2 Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 3 Smart Waste Management Solution Market Size, By Region, 2014–2021 (USD Million)
Table 4 Optimization Solutions: Smart Waste Management Market Size, 2014–2021 (USD Million)
Table 5 Optimization Solutions: Smart Waste Management Market Size, By Region 2014–2021 (USD Million)
Table 6 Fleet Tracking and Monitoring: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 7 Remote Device Monitoring: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 8 Mobile Workforce Management: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 9 Analytics and Reporting Solutions: Smart Waste Management Market Size, 2014–2021 (USD Million)
Table 10 Analytics and Reporting Solutions: Smart Waste Management Market Size, By Region 2014–2021 (USD Million)
Table 11 Advanced Analytics: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 12 Data Management: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 13 Dashboards and Platforms: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 14 Asset Management: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 15 Network Management: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 16 Others: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 17 Smart Waste Management Market Size, By Service, 2014-2021 (USD Million)
Table 18 Smart Waste Management Services Market Size, By Region, 2014–2021 (USD Million)
Table 19 Professional Services: Smart Waste Management Market Size, 2014–2021 (USD Million)
Table 20 Professional Services: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 21 Consulting Services: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 22 Integration and Deployment Services: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 23 Support and Maintenance Services: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 24 Managed Services: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 25 Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 26 Manufacturing and Industrial: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 27 Food and Retail: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 28 Municipalities: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 29 Construction: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 30 Healthcare: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 31 Colleges and Universities: Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 32 Smart Waste Management Market Size, By Region, 2014–2021 (USD Million)
Table 33 North America: Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 34 North America: Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 35 North America: Optimization Solution Market Size, By Type, 2014–2021 (USD Million)
Table 36 North America: Analytics and Reporting Solution Market Size, By Type, 2014–2021 (USD Million)
Table 37 North America: Smart Waste Management Market Size, By Service, 2014–2021 (USD Million)
Table 38 North America: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 39 North America: Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 40 Europe: Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 41 Europe: Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 42 Europe: Optimization Solution Market Size, By Type, 2014–2021 (USD Million)
Table 43 Europe: Analytics and Reporting Solution Market Size, By Type, 2014–2021 (USD Million)
Table 44 Europe: Smart Waste Management Market Size, By Service, 2014–2021 (USD Million)
Table 45 Europe: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 46 Europe: Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 48 Asia-Pacific: Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 49 Asia-Pacific: Optimization Solution Market Size, By Type, 2014–2021 (USD Million)
Table 50 Asia-Pacific: Analytics and Reporting Solution Market Size, By Type, 2014–2021 (USD Million)
Table 51 Asia-Pacific: Smart Waste Management Market Size, By Service, 2014–2021 (USD Million)
Table 52 Asia-Pacific: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 54 Middle East and Africa: Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 55 Middle East and Africa: Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 56 Middle East and Africa: Optimization Solution Market Size, By Type, 2014–2021 (USD Million)
Table 57 Middle East and Africa: Analytics and Reporting Solutions Market Size, By Type, 2014–2021 (USD Million)
Table 58 Middle East and Africa: Smart Waste Management Market Size, By Service, 2014–2021 (USD Million)
Table 59 Middle East and Africa: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 61 Latin America: Smart Waste Management Market Size, By Component, 2014–2021 (USD Million)
Table 62 Latin America: Smart Waste Management Market Size, By Solution, 2014–2021 (USD Million)
Table 63 Latin America: Optimization Solution Market Size, By Type, 2014–2021 (USD Million)
Table 64 Latin America: Analytics and Reporting Solutions Market Size, By Type, 2014–2021 (USD Million)
Table 65 Latin America: Smart Waste Management Market Size, By Service, 2014–2021 (USD Million)
Table 66 Latin America: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 67 Latin America: Smart Waste Management Market Size, By Application, 2014–2021 (USD Million)
Table 68 Partnerships and Collaborations, 2014–2016
Table 69 Business Expansions, 2014–2016
Table 70 New Product Launches, 2014–2016
Table 71 Mergers and Acquisitions, 2014–2016


List of Figures (41 Figures)

Figure 1 Global Smart Waste Management Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Breakdown and Data Triangulation
Figure 5 Smart Waste Management Market is Expected to Witness High Growth During the Forecast Period
Figure 6 Top Three Segments for the Smart Waste Management Market During 2016–2021
Figure 7 North America is Expected to Hold the Largest Market Share in 2016
Figure 8 Regulatory Compliance is Driving the Market Towards Growth
Figure 9 Asia-Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 10 Healthcare Segment to Grow at the Highest Rate in the Smart Waste Management Application Market
Figure 11 Analytics and Reporting Solutions Segment is Expected to Lead the Smart Waste Management Market in Terms of Market Share in 2016
Figure 14 Evolution of Smart Waste Management Market
Figure 15 Smart Waste Management Market Segmentation: By Solution
Figure 16 Smart Waste Management Market Segmentation: By Service
Figure 17 Smart Waste Management Market Segmentation: By Application
Figure 18 Smart Waste Management Market Segmentation: By Region
Figure 19 Smart Waste Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 20 Smart Waste Management Market: Value Chain Analysis
Figure 21 Companies Adopt Different Strategies to Gain Competitive Advantage
Figure 22 Analytics and Reporting Solutions Segment is Expected to Lead the Smart Waste Management Solutions Market in Terms of Market Size in 2016
Figure 23 Majority of the Market is Expected to Be Dominated By Professional Services During the Forecast Period
Figure 24 Healthcare Segment Holds the Maximum Opportunity for Growth During the Forecast Period
Figure 25 Asia-Pacific: an Attractive Destination for Smart Waste Management Market, 2016–2021
Figure 26 Asia-Pacific has the Highest Growth Rate From 2016 to 2021
Figure 27 Regional Snapshot: Asia-Pacific as A Hotspot During the Period 2016–2021
Figure 28 North America Market Snapshot
Figure 29 Asia-Pacific Market Snapshot
Figure 30 Companies Adopted Partnerships, Agreements, and Collaborations as the Key Growth Strategy Between 2014 and 2016
Figure 31 Smart Waste Management Market: Portfolio Comparison
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: New Product Launch is the Key Strategy Adopted By Companies in the Smart Waste Management Market Between 2014 and 2016
Figure 34 IBM Corporation: Company Snapshot
Figure 35 IBM Corporation: SWOT Analysis
Figure 36 SAP SE: Company Snapshot
Figure 37 SAP SE: SWOT Analysis
Figure 38 Waste Management, Inc.: Company Snapshot
Figure 39 Waste Management, Inc.: SWOT Analysis
Figure 40 Enevo OY: SWOT Analysis
Figure 41 Bigbelly Solar, Inc.: SWOT Analysis

The smart waste management market size is expected 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% during the forecast period. The major growth drivers of the market include the increasing number of smart city initiatives and need for adherence to strict regulatory mandates.

The smart waste management market report has been segmented on the basis of solutions, services, applications, and regions. Major solutions in the market are optimization solutions, analytics & reporting solutions, asset management, network management, and others. The analytics and reporting solutions segment is expected to hold the largest share of the smart waste management solution market. The key trend contributing to this market growth is the increased usage of connected devices that results in massive data deluge.

Among the services, the professional services segment holds the largest share of the smart waste management services market. The primary driving force for the adoption of professional services is the complexity of smart solutions infrastructure which leads to increased need for consulting services. The managed services segment is projected to witness the highest growth rate due to the growing need of organizations to attain economies of scale and comply with different regulatory compliances across the globe.

Major application areas for smart waste management are food & retail, construction, manufacturing & industrial, healthcare, municipalities, and colleges & universities. The manufacturing and industrial application segment is expected to hold the largest share of the smart waste management application market due to the generation of large quantities of hazardous waste that have different disposal regulations.

The global smart waste management report segments the market on the basis of regions into North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The North American region is expected to be the largest revenue generating region for smart waste management solution and service vendors owing to the early adoption of IoT and strict regulations in the region. APAC, on the other hand, is projected to grow at the highest CAGR between 2016 and 2021 owing to increasing technological adoption in the emerging economies.

Smart Waste Management Market

The lack of large scale funding and low levels of operational efficiency in developing economies are hindering the growth of the smart waste management market. Lack of awareness about the importance of waste management adds to the challenges in the adoption of smart waste management solutions.

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, and BigBelly Solar, Inc. The companies are taking different measures such as mergers & acquisitions, partnerships & collaborations, and product development to increase their share in the market. These activities have also been tracked and mentioned in the report.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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