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E-Waste Management System Market size to grow by USD 160.2 Bn by 2032; The rise in the adoption of electronic products to drive the industry growth

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New York, May 12, 2023 (GLOBE NEWSWIRE) — The E-waste Management System Market size is projected to surpass around US$ 160.2 Billion by 2032 from US$ 52.6 Billion in 2022 and it is poised to reach a CAGR of 12.1% from 2023 to 2032.

The E-waste management system is a process of collecting, processing, transporting, and disposing of electronic waste in an eco-friendly manner. With rapid technological advancements, the generated electronic waste volume has increased significantly across the globe in the past years.

e-waste management system market

To get additional highlights on major revenue-generating segments, Request an E-Waste Management System Market sample report at https://market.us/report/e-waste-management-market/request-sample/

Key Takeaway:

  • By Processed Material, in 2022, the metal segment held the largest revenue share and is expected to grow more during the forecast period from 2023-2032.
  • By Source, the household appliances segment dominated the global e-waste management system market in 2022.
  • By Application, the trashed segment accounted for the largest market share in 2022.
  • In 2022, Asia Pacific dominated the market with the highest revenue share of 39%.
  • Europe is likely to grow at a significant rate.

There is increased adoption of new technologies in developed economies due to rapid urbanization and industrialization. The technologies such as IoT are gaining momentum leading to the use of electronic devices in every human activity.

Factors Affecting the Growth of the E-Waste Management System Market

There are several factors that can affect the growth of the e-waste management system market. Some of these factors include:

  • Adoption of advanced technologies: The market growth can be highly attributed to the adoption of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML).
  • Initiatives by electronic manufacturers: Several leading mobile phone manufacturers have launched their own initiatives for the collection of old phones from their users who are willing to upgrade their technology.
  • The decreased life span of electronic devices: The market growth is mainly influenced by the decreased life span of electronic devices, inspiring the users to adopt the recent models over outdated products.
  • High Cost: The market growth is expected to be hampered by the high cost associated with recycling.

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Top Trends in Global E-Waste Management System Market

The circular economy promotes the recycling and reuse of materials in order to create a sustainable economy and reduce waste. The global e-waste management system market is largely focused on the adoption of this approach, with companies focused on refurbishing and repairing electronic devices to increase their lifespan. Moreover, the utilization of advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML) is highly transforming the e-waste management system market. These advanced technologies are increasingly being used to enhance the accuracy of e-waste tracking and reporting, reducing costs and improving the efficiency of e-waste management processes.

Market Growth

The market for e-waste management systems is anticipated to expand as a result of the proliferation of electronic devices that results in more e-waste generation. In addition, market expansion is also influenced by rapid technological advancements and rising disposable incomes. However, the present state of recycling programs is expected to be hindered by an inadequate number of waste pickup zones.

Regional Analysis

Asia Pacific accounted for the highest revenue share in 2022, thereby dominating the global e-waste management market. This significant market share can be highly attributed to rising disposable income in developing and developed economies coupled with the increasing adoption of electronic devices. Furthermore, in the Asia Pacific region, China is the largest market for e-waste, followed by India and Japan. Moreover, the high population, as well as rapid industrialization, are also the key drivers expected to surge the market growth of this region. The global e-waste management system market in Europe is likely to expand more significantly during the forecast period owing to the expanding government initiatives and active participation in e-waste collection and recycling activities.

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Scope of Report

Report Attribute Details
Market Value (2022) USD 52.6 Billion
Market Size (2032) USD 160.2 Billion
CAGR (from 2023 to 2032) 12.1%
Asia Pacific Revenue Share 39%
Historic Period 2016 to 2022
Base Year 2022
Forecast Year 2023 to 2032

Market Drivers

There is an increase in the sale of electronic devices such as televisions, computers, and mobile devices due to the rising disposable income and purchasing power of consumers. With ongoing product innovation and rapid technological development, sales of electronic products have increased dramatically. In addition, the introduction of new items with extra services and improved features inspires users to adopt the recent models over outdated products. Owing to this, these devices presently last only for 3 to 4 years on average. Therefore, the volume of e-waste is increasing rapidly and also driving the industry participants to expand their businesses to create an extensive network for the collection of e-waste as well as set up extra processing facilities.

Market Restraints

Complications related to e-waste recycling have been triggered due to the expensive processing techniques and lack of e-waste gathering facilities. Due to this, several outdated products are kept in storerooms and warehouses or tossed in the trash. Consequently, a structure for the regular collection of e-waste is required to be established necessarily in order to improve the situation.

Market Opportunities

Initiatives by electronic manufacturers are expected to generate several growth opportunities in the global market. During research & development as well as manufacturing processes, substantial amounts of e-waste are produced, and businesses are undertaking steps to recover the essential elements from this trash. Several electronic item manufacturers are presently aware of the financial benefits related to the processing and recycling of e-waste. Later being recycled, the mobile phones comprised of valuable metals, including gold, palladium, and silver, which can be recovered. Thus, several leading mobile phone manufacturers have launched their own initiatives for the collection of old phones from their users who are willing to upgrade their technology.

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Report Segmentation of the E-Waste Management System Market

Processed Material Insight

The metal segment accounted for the largest revenue share in 2022. The metals are primarily used in every single component, microcontrollers, and printed circuit boards (PCBs); as a result of this, the segment is further expected to exhibit the highest growth rate during the forecast period. In addition, the electronic product consists of components that use metal tracks, conductive metals, and metal solders. The plastic segment is anticipated to register a significant growth rate in the coming years owing to the increasing use of plastic in several electric devices, including computers, kettles, food processors, lawnmowers, and telephones.

Source Insight

The household appliances segment dominated the market in 2022. The recycling of e-waste from household appliances and proper disposal can help to reduce environmental pollution and conserve valuable resources. Moreover, the growth of this segment can be highly attributed to the rising demand for these products as well as the shortening lifespan of these devices. The industrial electronics segment is projected to expand more significantly. The segment growth is mainly influenced by the growing establishment rate of IT & telecom solution providers coupled with expanding healthcare industry worldwide.

Application Insight

The trashed segment held the largest market share in 2022. E-waste disposal is carried out through three procedures, including reusing, incineration, and landfilling. Reuse is an economical as well as sustainable method for reducing e-waste generation across the globe. However, both incineration and landfilling are expected to negatively impact the environment and human health to a large extent. The recycled segment is projected to expand more significantly over the forecast period owing to the global awareness programs that are undertaken by various NGOs and governments that focus on the effective collection, recycling, and treatment of e-waste.

For more insights on the historical and Forecast market data from 2016 to 2032 – download a sample report at https://market.us/report/e-waste-management-market/request-sample/

Market Segmentation

By Processed Material

  • Metal
  • Glass
  • Plastic
  • Other Processed Materials

By Source

  • Household Appliances
  • Consumer Electronics
  • Industrial Electronics

By Application

  • Trashed
  • Recycled

By Geography

  • North America
    • The US
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC
  • Latin America
    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America
  • Middle East & Africa
    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

Competitive Landscape

The competitive landscape of the market has also been examined in this report. Major market players are highly investing in R&D for the introduction of technologically advanced and cost-effective recycling equipment. Moreover, they are involved in partnerships, collaborations, mergers & acquisitions, and competitive pricing for their services and products.

Market Key Players:

  • Umicore N.V.
  • Electronic Recyclers International, Inc.
  • MRI (Australia) Pty Ltd.
  • Enviro-Hub Holdings Ltd.
  • Sims Recycling Solutions Ltd.
  • Waste Management, Inc.
  • Capital Environmental Holdings Ltd.
  • Tetronics Technologies Ltd
  • Other Key Players

Recent Development of the E-Waste Management System Market

  • In February 2022, the e-waste and IT Asset Disposal (ITAD) company and the construction company SK eco plant signed the merger agreement. TES. SK Ecoplant bought 100% of TES for almost USD 1 billion.
  • In 2022, the OneDrumTM was formally introduced by Electronic Recyclers International, Inc., which is the first mixed consumer battery collection product in the market.

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Artificial Intelligence

Saviynt Appoints James Ross as RVP-ANZ to Strategically Accelerate Growth in the Australia and New Zealand Region

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LOS ANGELES, May 22, 2024 /PRNewswire/ — Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced the appointment of James Ross as RVP-ANZ as the company has seen rapid growth in the Australia and New Zealand (ANZ) region, with double digit growth year over year.

Saviynt has solidified its position as a key player in the cloud identity security landscape with its Identity Cloud. The company’s continued focus on innovation and client satisfaction has contributed significantly to building a safer Australia with prominent customers across the energy and utilities, finance, retail, energy, and transport and logistics sectors.
“James’ appointment as the Regional Vice President (RVP) for ANZ marks a strategic move to accelerate growth and solidify market presence in the region,” said Dan Mountstephen, SVP APAC at Saviynt. “With a proven track record of dynamic leadership at Collibra, ForgeRock, and CA Technologies, James brings a wealth of experience and expertise to the role. His visionary approach and collaborative spirit are poised to inspire and mobilize teams toward ambitious targets.”
Saviynt has consistently expanded its client base and deepened its relationships with existing customers through customized solutions and unparalleled support, cementing its reputation as a trusted partner in the region’s cybersecurity ecosystem. As RVP ANZ, Ross is set to foster key partnerships and implement agile strategies to propel the company towards new heights of success in the dynamic ANZ market.
“Joining Saviynt excites me because it’s an opportunity to help more organizations simplify their identity ecosystem in order to drive efficiencies and improved security posture. I am committed to leveraging Saviynt’s cutting-edge solutions to continue to broaden our partnerships in the region to improve our accessibility for customers, strengthen our regional delivery, whilst continuing to provide a great customer experience,” said Ross.
To learn more about Saviynt, please visit our website.
About Saviynt
Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt’s cutting-edge solutions have been recognized as industry leaders. For more information, please visit www.saviynt.com.
Press Contact
Jacklyn [email protected]
Photo: https://mma.prnewswire.com/media/2418209/James_Ross_RVP_ANZ_Saviynt.jpg
 

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Appdome Sweeps Cybersecurity Excellence Awards

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Unified Mobile Defense Platform Recognized for Innovation and Leadership Across Nine Cybersecurity Categories
REDWOOD CITY, Calif., May 21, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile defense, today announced it has received a total of nine (9) Cybersecurity Excellence Awards. The Appdome Unified Mobile App Defense Platform was awarded best in class across nine categories in recognition of the comprehensive breadth, depth and value of the Appdome platform to brands and enterprises alike.

“We congratulate Appdome on being recognized as an award winner in 9 categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 entries across more than 300 categories, the awards are highly competitive. Appdome’s achievement reflects outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”
Within a single pane of glass, Appdome delivers the most complete set of no-code, no-SDK, fully automated mobile defenses to mobile brands and enterprises, empowering mobile developers, cybersecurity, fraud and IT teams to deliver on any mobile cyber objective quickly and easily.
The nine (9) categories in which Appdome received a Cybersecurity Excellence Award are:
Mobile Security Platform: Appdome is the only enterprise-grade mobile security platform built for full mobile defense lifecycle management, visibility and control to brands and enterprises alike, including key features for build, test, release, monitor, response, and compliance automation. Mobile Security Automation: Appdome is the only mobile defense solution that uses machine learning to code and build over 300+ mobile app security, anti-fraud, anti-cheat, anti-malware, anti-bot, geo-compliance and other defenses in Android & iOS apps in the DevOps pipeline.Mobile Social Engineering Defense:  The Appdome Social Engineering Prevention solution is the first of its kind to protect mobile users from voice phishing (Vishing) scams and other imposter scams, T.O.A.D. attacks, Remote Access Trojans (RATs), Gold Pickaxe, FaceID bypass and more without an SDK or external servers.Mobile Bot Defense: The Appdome MOBILEBot™ Defense solution is the first mobile anti-bot solution to come out of the box compatible with any industry standard web application firewall (WAF) on the market and provide multi-layered bot, credential stuffing and Account Take Over (ATO) defense without an SDK, external server, performance limits, or restrictions.Mobile Geo Compliance:  Only the Appdome Mobile Geo-Compliance solution guarantees accurate and authentic geo location of mobile devices, applications and users without code or coding in the mobile app, without implementing an SDK and without deploying additional servers.Mobile XDR: The Appdome ThreatScope™ Mobile XDR solution is the only mobile attack and threat monitoring service that comes pre-packaged into the mobile defense lifecycle, requires no device agent, device profile, separate code, coding, SDK or server, and provides real-time detection and automated response across internal (employee facing) and external (consumer facing) Android & iOS apps.DevOps Mobile Security Tool: The Appdome platform’s fully integrated Security Release Management™ capabilities and Appdome Certified Secure™ mobile DevSecOps certification offer the only true enterprise-grade compliance assurance, audit and control for mobile defense at brands and enterprises, allowing quick verification that all security, anti-fraud and compliance objectives have been met.   Mobile Application Security:  With 300+ separate defenses for mobile apps, Appdome has the most comprehensive set of mobile application security features available in one product, fully compatible with all mobile Android & iOS apps.”Nine Cybersecurity Excellence Awards for Mobile Defense tells a very compelling story for the incredibly complex Dev, Sec, and Ops challenges organizations face detecting and defeating mobile-based risks and attacks,” said Chris Roeckl, Chief Product Officer at Appdome. “Point products make these challenges worse by adding complexity and overloading already taxed cyber and engineering teams. Appdome is the only platform simplifying work, bringing all these unique challenges under a single pane of glass, delivering 300+ protections and simultaneously resolving the security, fraud, resilience and compliance challenges brands and enterprises face.”
Learn more about the award-winning Appdome Platform at www.appdome.com or request a personalized demo at https://www.appdome.com/request-a-demo/appdome-home/
The full list of awards are available from the Cybersecurity Excellence Awards website  https://cybersecurity-excellence-awards.com/
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
Logo – https://mma.prnewswire.com/media/772169/AppDome_Logo_9_27_23.jpg

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Courageous Whistleblowers Reclaim Derogatory Terms As Data Shows 80% of Financial Professionals Stay Silent on Suspected Internal Fraud, Fearing Retaliation

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Enron whistleblower, Sherron Watkins, alongside stars of Apple TV’s The Big Conn, Sarah Carver and Jennifer Griffith, reclaim derogatory labels for whistleblowers          Concerning new data shows more than half of financial professionals in the UK and US have spotted or suspected internal fraud in their workplaces, yet four out of five stay silent fearing retaliation          32% of professionals in finance have seen whistleblowers victimized behind their back or to their faceJACKSONVILLE, Fla., May 21, 2024 /PRNewswire/ — New data from fraud detection software company Medius shows more than half of financial professionals in the UK and US (56%) have spotted or suspected internal fraud in their workplaces yet four in five (81%) stayed silent. When asked why, 45% of professionals cited the fear of recrimination.

Whistleblowers Sherron Watkins, Sarah Carver and Jennifer Griffith have joined forces to reclaim the derogatory names they were called after reporting serious internal financial fraud.
To help empower others to come forward, the whistleblowers are reclaiming the terms “snitch”, “rat” and “traitor”.
Sherron Watkins is the former Vice President of Enron Corporation who alerted the CEO to accounting irregularities, warning the organization “‘might implode in a wave of accounting scandals.” Watkins received national acclaim for her courageous actions and TIME magazine named her along with two others as their Persons of the Year in 2002, calling them simply ‘The Whistleblowers.’
Sarah Carver and Jennifer Griffith are the stars of Apple TV’s The Big Conn after they exposed a fraud scheme of more than $550 million while employed at the Social Security Administration. In efforts to silence their disclosures, they experienced multiple acts of severe retaliation and were denied protection. Ultimately, both Carver and Griffith were forced from employment.
Concerns of repercussions are vindicated – the survey reveals the extent to which financial professionals in the UK and US have witnessed negative consequences for whistleblowers firsthand:           
59% have seen whistleblowers subsequently left out of important decisions           33% have seen whistleblowers moved to a different team           32% have heard whistleblowers called derogatory names behind their backs or directly to their faceWhen asked what would encourage them to flag suspicious activity, 93% of workers surveyed would feel more comfortable doing so if they had more evidence, yet nearly half (48%) said the legal system simply does not adequately protect whistleblowers.
Jim Lucier, CEO at Medius, a leading global provider of cloud-based accounts payable automation and spend management solutions, said:
“White collar crime is on the rise and no organization is safe. Employees are the last line of defense against fraud but confidence to report suspicious activity is declining. AI anomaly-detection technology can provide employees with the evidence and assurances they need to be more forthcoming. Building a culture where employees feel comfortable to report their suspicions could save organizations millions in the long-run.”
Medius works with over 4,000 customers across 102 countries and processes $200 billion in annual spend. It uses the power of AI and automation to detect fraud the moment invoices are submitted safeguarding against bad actors and potential threats, internal and external.
Sherron Watkins, whistleblower who was called a “snitch”, said: “When someone is troubled by corporate wrongdoing and they attempt to sound the alarm, the pathway is uncharted, things happen organically. Normal rational people speak about their concerns with their closest friends and work colleagues, who often suggest staying safe saying “keep your head down, if you must report, go soft, nothing black and white.” Yet black and white evidence is what is needed to get the attention of those in power, either internally or with media or outside watchdog groups to prevent or stop fraudulent activity.”  
Jennifer Griffith, whistleblower who was called a “traitor”, said: “Choosing to blow the whistle involves more than just the desire to right a wrong.  It’s about protecting their employers from fraud. However, it’s more often than not seen as causing trouble for the employer, or as a self-serving action to get a financial reward. No one who chooses to blow the whistle expects to have their reputation attacked, their credibility impugned or to lose their job. The cost of ignoring a whistleblowers complaints are far greater than acknowledging that a problem exists and taking steps to fix it.  It’s been 19 years since I blew the whistle and the problems that existed then with the Social Security Administration still exist today. We must do more to protect whistleblowers.”
Sarah Carver, whistleblower who was called a “rat”, said: “The government’s attempt to conceal the fraud resulted in exacerbated damage, whereas a more prudent approach would have entailed immediate acknowledgement and rectification upon initial disclosure. The retaliatory measures aimed at silencing me made me stronger and fight harder to find someone to listen and stop the fraud.”
Georgina Hallford-Hall, CEO of Whistleblowers UK, said: “Too many organisations talk the talk but fail to engage with whistleblowers often at great cost to both. Technology used properly can remove the fear that both organisations and whistleblowers have about dealing with whistleblowing because it removes the person and focuses on the concerns or malfeasance. WhistleblowersUK are calling on the UK government to introduce an Independent Office of the Whistleblower to protect everyone from discrimination setting standards that end stigmatisation and discrimination making it safe to speak up.”
The billboard advertising campaign runs on Wall Street from Saturday, 18th May to Friday, 24th May 2024.
For more information about how Medius can prevent fraud, visit: https://www.medius.com/whistleblowing/
Notes to Editor
Methodology
The research was conducted by Censuswide with 1500 financial professionals in the UK and US (aged 18+) between 04/22/24 – 05/07/24. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.
For more information, please contact: 
Fight or Flight for [email protected] / +44 330 133 0985
This information was brought to you by Cision http://news.cision.com
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