Green Technology and Sustainability Market: Current Analysis and Forecast (2021-2027)

Green Technology and Sustainability Market: Current Analysis and Forecast (2021-2027)

The Global Green Technology and Sustainability Market is anticipated to grow with an elevated CAGR of around 24% over the forecast period (2021-2027). The global green technology and sustainability market is growing on account of the increasing investments in critical infrastructure is likely to drive the green technology and sustainability market. For instance, in 2020, the US government has committed a federal investment of USD 1.7 trillion in climate resilience and clean energy over the course of the next 10 years. Furthermore, growing environmental awareness and growing concerns among organizations and individuals about global warming are the factors driving the growth of the green technology and sustainability market. Moreover, increased demand for eco-friendly products or less harmful products is driving the growth of the market. The government initiatives for dropping the carbon footprint and minimizing waste production are major factor that is anticipated to propel the growth of the market over the forecast period.

Insights Presented in the Report
"Amongst Component, solutions segment holds the major share”

Based on component, the market is segmented into solutions and services (consulting, integration and deployment, support and maintenance). The solutions segment is expected to achieve a significant CAGR during the forecast period. Green technology and sustainability solutions provide real-time statistics, charting and monitoring tools, and management services, it also includes environmental monitoring and renewable energy solutions that assist in developing robust and reliable infrastructure and further help create a healthy environment.
"Amongst Technology, blockchain segment holds the major share”

Based on technology, the market is segmented into IoT, digital twin, cloud computing, blockchain, and others. The blockchain segment held a significant share of the green technology and sustainability market in 2020 and is expected to witness substantial growth during the forecast period. The adoption of blockchain technology can be attributed to its decentralized nature and its accessibility. Startups around the globe are using blockchain as a tool to make the energy grid more accessible and sustainable by promoting data sharing in real-time.
"North America represents one of the largest markets of Green Technology and Sustainability market”

For a better understanding of the market dynamics of the Green Technology and Sustainability market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of APAC), Rest of World has been conducted. North America held a prominent share of the global green technology and sustainability Market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading green technology and sustainability service providers and the integration of cloud and IoT with green technology and sustainable market solutions.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry