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Technologies in recycling
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2025: Sales of IT equipment and software for waste management in the world reached $2.92 billion at the end of the year
In 2024, costs in the global IT equipment and waste management software market amounted to $2.92 billion. Moreover, more than a third of this volume fell on North America. Such data are provided in the Fortune Business Insights review published on March 20, 2025.
Analysts cite the growing focus on sustainability and reducing the negative impact on the environment as the key driver of the industry in question. To do this, various digital technologies and intelligent solutions are being introduced. For example, the use of Internet of Things (IoT) sensors and advanced analytics allows monitoring and optimization of garbage collection routes in real time, which leads to significant cost savings for municipalities and companies that operate in the relevant area. The authors of the study identify four main elements of smart waste management platforms:
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- RFID tags. They are used to track individual containers and certain garbage flows. The data collected helps optimize waste management processes.
- Internet of Things. The IoT network integrates trash cans, trucks, recycling facilities and other components, enabling data sharing and the collection of various metrics.
- Containers with sensors. Such tanks provide data on filling in real time, which allows you to optimize the routes of garbage trucks and improve planning. This provides fuel economy and reduces operating costs.
- Data analysis platform. The information collected is analyzed using sophisticated software to identify trends, optimize waste collection routes and make strategic decisions.
Artificial intelligence and machine learning tools have a significant impact on the development of the industry. Integrating AI into digital waste management solutions, analysts say, has revolutionized the industry by streamlining processes, improving efficiency and reducing environmental impact. AI-based systems use advanced algorithms to analyze vast amounts of data, providing predictive modeling and tracking of waste accumulation, collection and disposal processes.
The expansion of the market is also facilitated by government initiatives aimed at introducing digital waste management solutions: these can be tax breaks or subsidies. In addition, requirements are introduced for the treatment, disposal, neutralization and disposal of municipal solid waste.
The market is segmented into hardware solutions, software, and services. The first of these sectors provides the largest revenue, while the highest growth rates are demonstrated by software and services. From a geographical point of view, North America leads with expenses of $1.1 billion in 2024, which corresponds to about 38% of the market. Significant players in the industry are named:
- Schneider Electric;
- Rubicon Technologies;
- Veolia;
- C-trace;
- AMCS Group;
- Waste Harmonics (U.S.)
- ISB Global;
- Sensoneo;
- Big Belly Solar;
- Evreka.
In 2025, spending on IT equipment and waste management software worldwide is expected to rise to $3.27 billion. Fortune Business Insights analysts believe that in the future, the CAGR in the market under consideration will be 13%. As a result, costs globally could increase to $7.69 billion by 2032.[1]
Notes
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