Smart Garbage Monitoring System Market - Introduction
A smart garbage monitoring system is a highly advanced system that helps to keep towns clean. This system can easily monitor the waste and notify the weight and level of waste collected in the waste containers through a web page. Additionally, a smart garbage monitoring system indicates the toxic gas formation status inside the waste container.
Smart garbage monitoring systems use ultrasonic sensors to detect the waste level and also compare it with the level of the waste container’s depth. The system mainly makes use of the global system for mobile communication (GSM) modem, organic light emitting diode (OLED) screen, advanced virtual reduced (AVR) instruction set microcontroller for transfer data, and a signal. The system is extensively utilized in residential, commercial, and industrial applications, apart from colleges and universities.
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Smart Garbage Monitoring Systems Market- Competitive Landscape
- In June 2018, Enevo a key provider of waste management solutions raised funding of US$15.8 million for waste management solutions. The main objective of this funding is to expand the company’s waste management solutions worldwide to capture more customers and market share.
- In May 2016, OnePlus Systems Inc. completely acquired SmartBin, a key provider of IoT based remote monitoring systems for the waste & recycling industry. This acquisition would help the company to enhance its product portfolio to capture more market share worldwide.
OnePlus Systems Inc.
Founded in 1989 and based in United States, OnePlus Systems Inc. is one of the key manufacturers of container fullness and control systems across North America, Europe, Asia Pacific, and the Middle East. The company provides IoT based monitoring and security solutions for manufacturers, retailers, hospitals, and waste management industry.
Ecube Labs Co.,
Founded in 2011 and located in South Korea, Ecube Labs Co., is specialized in IoT based waste management and logistics solutions and provides the solutions across North America, Europe and Asia Pacific. The company provides ultrasonic fill-level sensors, predictive analysis platform, fleet management solutions, data analytic cloud platform, and solar-powered waste compacting bins.
Founded in 1945 with headquarters in Germany. Pepperl+Fuchs GmbH is a pioneer in electrical explosion protection and sensor technology worldwide. The company provides wide-ranging industrial sensors that includes ultrasonic sensors, proximity and photoelectric sensors, rotary encoders, inclination & acceleration sensors, identification systems, positioning systems, and logic control units and accessories.
Founded in 2010 and based in Finland. Enevo is a key provider of waste management solutions that includes a revolutionary sensor, dynamic analytics platform, and customer service across residential, municipalities, restaurants, commercial real estate, and retail. The company offers its services across North America, Europe, and Asia Pacific.
IoTracX Pvt. Ltd.
Founded in 2016 and located in Karnataka, India. IoTracX Pvt. Ltd. provides IoT based hardware & software solutions for smart cities, inventory management, and agriculture. It is actively engaged in various emerging technologies that includes blockchain, AI, and IoT to provide efficient solutions to customers worldwide.
Some of the other prominent players in the smart garbage monitoring systems market are IBM Corporation, Covanta Holding Corporation, Evoeco, Ltd., Waviot, and Waste Link, Corp.
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Smart Garbage Monitoring Systems Market Dynamics
Rapid adoption of IoT based monitoring solutions driving the smart garbage monitoring systems market
IoT based monitoring solutions offer significant advantages in the overall implementation of smart garbage monitoring systems. It comprises retrofitting garbage bins with connected sensors, which can easily detect the weight and level of the garbage and convey this information to a server installed in the city’s Data Center through a cellular network. Municipal corporations especially outsource their waste management work to independent contractors, so they can use IoT technologies to monitor any type of waste in the city. IoT based sensors can also monitor the level of alternate fuel generated from the processed waste. Therefore, rapid adoption of IoT based monitoring solutions is positively impacting the smart garbage monitoring systems market worldwide.
Low awareness in developing or under-developed countries restraining the market growth
Currently, many developing and under-developed countries are unaware about smart garbage monitoring solutions. These countries still do not know the advantages of such advanced monitoring solutions, resulting in low levels of operational efficiency and technology infrastructure. However, increasing number of initiatives by many organizations is expected to overcome this challenge and create an appropriate environment to adopt novel technologies.
Smart Garbage Monitoring Systems Market Segmentation
Based on component, the smart garbage monitoring systems market is segmented into
Based on cellular connectivity, the smart garbage monitoring systems market is segmented into
Based on applications, the smart garbage monitoring systems market is segmented into
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.