Application segments performance in the global smart waste management market

The global smart waste management market is expected to grow at a CAGR of 9.54% during the forecast period. Based on the application, the global smart waste management market has been segmented into collection, landfill, recovery and recycling, and processing.

The waste collection process is a traditional way of physically monitoring the waste in waste bins. Uneven management of waste, typically domestic, industrial, and environmental wasters, is the root cause for many issues such as pollution and life-threatening diseases. Smart waste management systems help in the auto-management of waste without human interaction in order to maintain a clean environment to overcome all these issues. Smart waste management helps in the efficient collection and disposal of waste.

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In smart waste management, waste is disposed of in trash bins. A local garbage collection company collects the waste and brings it to the garbage depot. The garbage depot sorts the waste material and transfers it for recycling, storage, and destruction. Solutions such as truck route optimization and analyzing trash levels in bins make the sorting process easier. Therefore, the collection segment of the global smart waste management market is expected to grow significantly during the forecast period.