The global market for green technology and sustainability is expected to reach USD 36.4 billion by 2026, registering a CAGR of 21.04 % during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market and offers a better glimpse of the coming years.
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Global Green Technology and Sustainability Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site.
Novel coronavirus has Global Green Technology and Sustainability Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Global Green Technology and Sustainability Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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The key players of the global green technology and sustainability market are 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).
The global green technology and sustainability market has been segmented based on technology, application, and region.
Based on technology, the global green technology and sustainability market has been segmented into Internet of things (IoT), artificial intelligence (AI) and analytics, digital twin, cloud computing, security, and blockchain.
Based on application, the green technology and sustainability market has been segmented into carbon footprint management, green building, water purification, water leak detection, fire detection, soil condition/moisture monitoring, crop monitoring, forest monitoring, weather monitoring and forecasting, air and water pollution monitoring, and sustainable mining and exploration.
The regional analysis for the green technology and sustainability market has been done for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America. The market in North America accounted for the largest share in 2019, and it is expected to register strong growth during the forecast period. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period. This growth can be attributed to the vendors across the region are adopting various growth strategies, such as partnerships, acquisitions, and product launches to strengthen their position in the green technology and sustainability market.
Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL GREEN TECHNOLOGY AND SUSTAINABILITY MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
TABLE 3 GLOBAL GREEN TECHNOLOGY AND SUSTAINABILITY MARKET, BY APPLICATIONS, 2020–2027 (USD MILLION)
List of Figures
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 RESEARCH PROCESS OF MRFR
FIGURE 3 TOP DOWN & BOTTOM-UP APPROACH
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