09/17/2019 | Press release | Distributed by Public on 09/17/2019 00:53
The report 'Green Technology and Sustainability Market by Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing, Security, & Blockchain), Application (Green Building, Carbon Footprint Management, & Weather Monitoring & Forecasting) - Global Forecast to 2024', is expected to grow from USD 8.7 billion in 2019 to USD 28.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period. The major factors driving the growth of green technology and sustainability market include the increasing environmental awareness and concerns and the increasing consumer and industrial interest for use of clean energy resources to conserve the environment.
Browse 21 market data Tables and 26 Figures spread through 116Pages and in-depth TOC on 'Green Technology and Sustainability Market by Technology (IoT, AI & Analytics, Digital Twin, Cloud Computing, Security, & Blockchain), Application (Green Building, Carbon Footprint Management, & Weather Monitoring & Forecasting) - Global Forecast to 2024'
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/green-technology-and-sustainability-market-224421448.html
Internet of Things technology segment to have the largest market size during the forecast period
The green technology and sustainability market has been segmented based on technology into 6 categories: Internet of Things (IoT), Artificial Intelligence (AI) and analytics, digital twin, cloud computing, security, and Blockchain. The IoT technology segment is estimated to hold the largest market size, which is driven by green networks in IoT and will contribute to reduce emissions and pollution, exploiting environmental conservation and surveillance, and minimizing operational costs and power consumption. IoT has broad range of applications including carbon footprint management, green building, water purification, water leak detection, fire detection, and sustainable mining and exploration.
Green building application to hold the largest market size during the forecast period
The use of green technology and sustainability solution is increasing rapidly in the green building application, owing to the growing integration of technology while designing and constructing buildings. Green building considers the classical building design concerns of economy, utility, durability, and comfort. The major considerations include energy and water efficiency, resource efficiency, indoor environmental quality and the building's overall impact on the environment.
North America to hold the largest market size during forecast period
North America is a major revenue generating region for the green technology and sustainability market. The region is considered the most advanced region in terms of technology adoption and infrastructure. The wide presence of key industry players offering green technology and sustainability solutions and services is the key driving factor for the growth of the green technology and sustainability market. Enterprises in the region are leveraging AI, digital twin, cloud, security, Blockchain, IoT, and Machine Learning (ML) and deep learning technologies in their business processes to gain a competitive edge in the market.
The major green technology and sustainability vendors include General Electric (US), IBM (US), Enablon (France), Enviance (US), Sensus (US), Taranis (Israel), Trace Genomics (US), LO3 Energy (US), ConsenSys (US), CropX (Israel), Hortau (US), SMAP Energy (UK), Treevia (Brazil), Pycno (UK), IoT Solutions and Consulting (Europe), Oizom (India), MineSense Technologies (Canada), and WINT (US).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the 'Growth Engagement Model - GEM'. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write 'Attack, avoid and defend' strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, 'Knowledgestore' connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441