The global digital circular economy market is projected to register a CAGR of 24.3% during the forecast period, reaching USD 6.7 billion by 2028 from an estimated USD 2.2 billion in 2023. The growth of circular economy digital solutions is propelled by a convergence of factors. These include government initiatives and regulations encouraging businesses to adopt circular practices, a heightened awareness among consumers about sustainability, and infusion of AI and blockchain in enhancying recycling processes.
Some leading players in the digital circular economy market include SAP (Germany), Capgemini (France), Dassault Systemes (France), Cisco (US), IBM (US), Oracle (US), KPMG (Netherlands), Software AG (Germany), Siemens-Advanta (Germany), AWS (US), PwC (UK), Honeywell (US), Accenture (Ireland), Hitachi (Japan), Landbell Group (Germany), and Anthesis Group (UK). These players have adopted various organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their presence in the digital circular economy market.
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Landbell Group is a prominent player in the digital circular economy market, offering comprehensive solutions to enhance sustainability and resource management. As a leading provider of environmental services, Landbell leverages digital technologies to optimize waste management, recycling, and product life cycle processes. Their offerings encompass innovative software platforms and consulting services, utilizing data analytics and artificial intelligence to streamline supply chains and improve resource efficiency. Landbell facilitates transparency in material flows and supports businesses in adhering to circular economy principles. With a strong commitment to environmental stewardship, the company collaborates with diverse industries to implement sustainable practices. Landbell's holistic approach and digital solutions make it a key contributor to the evolution of a circular economy, addressing contemporary environmental challenges with a focus on technological innovation and responsible resource utilization.
SAP, a global leader in enterprise software, offers comprehensive solutions in the digital circular economy market. Through its innovative technologies, SAP enables businesses to enhance sustainability and optimize resource usage. The company provides a suite of applications leveraging artificial intelligence, machine learning, and analytics to streamline supply chains, improve waste management, and promote circular product lifecycles. SAP's offerings facilitate transparency through blockchain, allowing businesses to trace and authenticate the origin of materials. With a focus on driving efficiency and reducing environmental impact, SAP empowers organizations to align with circular economy principles. The company's commitment to sustainable business practices, coupled with its cutting-edge technology, positions SAP as a key player in advancing the digital transformation of the circular economy on a global scale.
Anthesis Group, a prominent player in the digital circular economy market, offers comprehensive sustainability solutions that leverage cutting-edge technology. Specializing in circular economy strategies, the company provides services ranging from supply chain optimization to waste reduction, all facilitated by advanced digital tools. Anthesis excels in data analytics and artificial intelligence, delivering actionable insights to enhance resource efficiency and support clients in achieving their sustainability goals. Anthesis focuses on creating sustainable value by integrating digital innovations into the fabric of corporate strategies. With a commitment to environmental stewardship, Anthesis Group emerges as a key contributor to the digital transformation of the circular economy, offering tailored solutions that align with the evolving needs of businesses striving for sustainable and responsible practices.
Digital Circular Economy Market by Offering (Software (Circular Design & Prototyping Software, Blockchain & Traceability Software), Services), Application (Digital Resale & Reuse), Technology (IoT, AI & ML), Vertical and Region - Global Forecast to 2028
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