The collection segment is witnessing steady growth 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. The market has been segmented based on the application into the 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 waste, 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 solutions can be implemented in cities where waste production is domestically high.

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Solutions such as truck route optimization and analyzing thrash levels in bins make the sorting process easier. Companies, hotels, and enterprises are partnering with smart waste management solution providers to integrate smart waste management solutions for managing and collecting smart waste. Shopping malls, airports, and other public places across the world are also implementing smart waste management solutions for collecting waste material. Thus, the collection segment is witnessing steady growth in the global smart waste management market during the forecast period.