Sustainable Technology Market
Sustainable Technology Market Size, Share & Trends Analysis Report byTechnology (Cloud Computing, Cyber Security, Internet of Things (IoT), Artificial Intelligence & Analytics,Digital Twin,Blockchain and Edge Computing), by Component (Solution and Services), and by Application (Carbon Footprint Management, Air & Water Pollution Monitoring, Green Building, Forest Monitoring Water Purification, Weather Monitoring & Forecasting, Soil Condition/MoistureMonitoring,Crop Monitoring, Sustainable Mining and Exploration and Fire Detection) Forecast Period (2024-2031)
Sustainable technology market is estimated to exhibit exponential CAGR of 23.64%during the forecast period (2024-2031).Sustainable technology market refers to the practice of market in designing, manufacturing, using, and disposing of electronic devices in ways that minimize negative environmental and social impacts while promoting long-term viability.
Market Dynamics
Growing Carbon Emissions Increasing Importance Of Sustainable Technology Market
Growing carbon emissions is emphasizing the importance of adopting green technology all around the globe. This factor is boosting the expansion of the global sustainable technology market. Due to growing usage of clean energy, the demand for green technology is also rising at a rapid pace. On the other hand, the high costs for the deployment of green technology and sustainability solutions are restricting the growth of the green technology and sustainability market all around the world. Nevertheless, the favorable government initiatives and guidelines are creating growth prospects for the sustainable technology market.
Potential Use of RFID Sensor across industries to Drive the Market
The growing potential of manufacturing industries to adapt RFID technology is gaining huge benefits for the green technology and sustainability sector. Government initiatives and technology advances associated with RFID sensors drive the market growth. Manufacturing industries are setting goals that benefit the environment and achieve sustainable goals. RFID technology improves from 75.0% of inventory accuracy up to 95.0%. The investments benefit manufacturers by cutting down costs and streamlining supply chain accuracy. This gradually benefits the sustainability of industries.
Market Segmentation
Our in-depth analysis of the global sustainable technologymarket includes the following segments by type, product, and technology:
- Based on technology, the market is sub-segmented into cloud computing, cyber security, Internet of Things (IoT), artificial intelligence & analytics, digital twin, blockchain and edge computing.
- Based on components, the market is bifurcated into solution and services.
- Based on application, the market is augmented into carbon footprint management, air & water pollution monitoring, green building, forest monitoring water purification, weather monitoring & forecasting, soil condition/moisture monitoring, crop monitoring, sustainable mining and exploration and fire detection
Green Building is Projected to Emerge as the Largest Segment
Based on application, the green building segment section is projected to emerge as the largest market. Applications for green buildings frequently make use of sustainable products and equipment. Green technology and sustainability solutions are quickly being used to develop green building applications to safeguard the environment and reduce construction costs. Major building contractors are focusing on building net-zero structures to balance the buildings' energy consumption with their energy generation, which is a significant element in the segment's growth.
Internet of Things (IoT) to Hold a Considerable Market Share
The Internet of Things (IoT) sub-segment is projected to hold the considerable market share. With the growth of the digital environment, the sheer number of subscribers, and the sheer number of gadgets, energy consumption levels have risen at exponential rates. The introduction of green networks in IoT connection is the main factor propelling the expansion of the IoT technology segment. These networks have reduced pollution & emissions, reduced misuse of environmental conservation & monitoring, and minimized operational expenses & power consumption.
Regional Outlook
The globalsustainable technology market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Sustainable Technology Market Growth by Region 2024-2031
North America to account for the largest market size during the forecast period
The North American Climate, Energy, and Environment Partnership encourages the adoption of sustainable policies and the purchase of sustainable products and services, prioritizing soil health, biodiversity, and ecosystem services. Overall, North America's dominance in green technology & sustainability is driven by the regional high focus on using green technology to curb the problem of carbon emission.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
IBM, Salesforce, Microsoft, Schneider Electric,Sensus,ABBLtd., American Electric Power Company, Inc., Berkshire Hathaway Energy, General Electric Company, NextEra Energy, Inc., Renewable Energy Group, Inc., Siemens AG, among others, are some of the key players operating in the global clean energy and sustainability market. Salesforce has made the environment a priority for several years. They consider the environment a key stakeholder in their business. The company has already achieved net-zero greenhouse gas emissions globally and delivers a carbon neutral cloud. Each year they release a stakeholder impact report in order to be upfront about their sustainability achievements. Salesforce is a clear leader in this field and one to emulate.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global sustainable devices market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. IBM Corp.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Salesforce, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Schneider Electric SE
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Sensus (Xylem Inc.)
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Sustainable Technology Market by Technology
4.1.1. Cloud Computing
4.1.2. Cyber Security
4.1.3. Internet of Things (IoT)
4.1.4. Artificial Intelligence & Analytics
4.1.5. Digital Twin
4.1.6. Blockchain
4.1.7. Edge Computing
4.2. Global Sustainable Technology Market by Component
4.2.1. Solution
4.2.2. Services
4.3. Global Sustainable Technology Market by Application
4.3.1. Carbon Footprint Management
4.3.2. Air & Water Pollution Monitoring
4.3.3. Green Building
4.3.4. Forest Monitoring
4.3.5. Water Purification
4.3.6. Weather Monitoring & Forecasting
4.3.7. Soil Condition/Moisture Monitoring
4.3.8. Crop Monitoring
4.3.9. Sustainable Mining and Exploration
4.3.10. Fire Detection
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Amazon Inc.
6.2. Apple Inc.
6.3. AWS,Inc.
6.4. Cisco Inc.
6.5. CropX Inc.
6.6. Enablon France SA
6.7. Enviance Inc.
6.8. General Electric SE
6.9. Hortau Inc.
6.10. IBM Corp.
6.11. Intel Corp.
6.12. Keysight's Corporate
6.13. Meta
6.14. Microsoft
6.15. NVIDIA Corp.
6.16. Oracle Corp.
6.17. Schneider Electric
6.18. Sensus
6.19. Siemens AG
6.20. Wolters Kluwer
1. GLOBAL SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
2. GLOBAL CLOUD COMPUTING SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
3. GLOBAL CYBER SECURITY SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLON)
4. GLOBAL INTERNET OF THINGS (IOT) SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
5. GLOBAL ARTIFICIAL INTELLIGENCE & ANALYTICS SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
6. GLOBAL DIGITAL TWIN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
7. GLOBAL BLOCKCHAIN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
8. GLOBAL EDGE COMPUTING SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
9. GLOBAL SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
10. GLOBAL SUSTAINABLE TECHNOLOGY FOR SOLUTION MARKETRESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
11. GLOBALSUSTAINABLE TECHNOLOGY FOR SERVICES MARKETRESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
12. GLOBAL SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION,2023-2031 ($ MILLION)
13. GLOBAL SUSTAINABLE TECHNOLOGY FOR CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
14. GLOBAL SUSTAINABLE TECHNOLOGY FOR AIR & WATER POLLUTION MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
15. GLOBAL SUSTAINABLE TECHNOLOGY FOR GREEN BUILDING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
16. GLOBAL SUSTAINABLE TECHNOLOGY FOR FOREST MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
17. GLOBAL SUSTAINABLE TECHNOLOGY FOR WATER PURIFICATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
18. GLOBAL SUSTAINABLE TECHNOLOGY FOR WEATHER MONITORING & FORECASTING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
19. GLOBAL SUSTAINABLE TECHNOLOGY FOR SOIL CONDITION/MOISTURE MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
20. GLOBAL SUSTAINABLE TECHNOLOGY FOR CROP MONITORING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
21. GLOBAL SUSTAINABLE TECHNOLOGY FOR SUSTAINABLE MINING AND EXPLORATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
22. GLOBAL SUSTAINABLE TECHNOLOGY FOR FIRE DETECTION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
23. GLOBAL SUSTAINABLE TECHNOLOGY MARKETRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
24. NORTH AMERICAN SUSTAINABLE TECHNOLOGY MARKETRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
25. NORTH AMERICAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
26. NORTH AMERICAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
27. NORTH AMERICAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
28. EUROPEAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
29. EUROPEAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
30. EUROPEAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
31. EUROPEAN SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
32. ASIA-PACIFIC SUSTAINABLE TECHNOLOGY MARKETRESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
33. ASIA-PACIFICSUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
34. ASIA-PACIFIC SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
35. ASIA-PACIFIC SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
36. REST OF THE WORLD SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
37. REST OF THE WORLD SUSTAINABLE TECHNOLOGY MARKETRESEARCH AND ANALYSIS BY TECHNOLOGY, 2023-2031 ($ MILLION)
38. REST OF THE WORLD SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
39. REST OF THE WORLD SUSTAINABLE TECHNOLOGY MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
1. GLOBAL SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
2. GLOBAL CLOUD COMPUTING SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
3. GLOBAL CYBER SECURITY SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
4. GLOBAL INTERNET OF THINGS (IOT) SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
5. GLOBAL ARTIFICIAL INTELLIGENCE & ANALYTICS SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
6. GLOBAL DIGITAL TWIN SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
7. GLOBAL BLOCKCHAIN SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
8. GLOBAL EDGE COMPUTING SUSTAINABLE TECHNOLOGY MARKET SHARE BY TECHNOLOGY, 2023 VS 2031 (%)
9. GLOBAL SUSTAINABLE TECHNOLOGY MARKET SHARE BY COMPONENT, 2023 VS 2031 (%)
10. GLOBAL SUSTAINABLE TECHNOLOGY FOR SOLUTION MARKET SHARE BY COMPONENT, 2023 VS 2031 (%)
11. GLOBAL SUSTAINABLE TECHNOLOGY MARKET FOR SERVICES SHARE BY COMPONENT, 2023 VS 2031 (%)
12. GLOBAL SUSTAINABLE TECHNOLOGY MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
13. GLOBAL SUSTAINABLE TECHNOLOGY FOR CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
14. GLOBAL SUSTAINABLE TECHNOLOGY FOR AIR & WATER POLLUTION MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
15. GLOBAL SUSTAINABLE TECHNOLOGY FOR GREEN BUILDING MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
16. GLOBAL SUSTAINABLE TECHNOLOGY FOR FOREST MONITORING MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
17. GLOBAL SUSTAINABLE TECHNOLOGY FOR WATER PURIFICATION MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
18. GLOBAL SUSTAINABLE TECHNOLOGY MARKET FOR WEATHER MONITORING & FORECASTING SHARE BY APPLICATION, 2023 VS 2031 (%)
19. GLOBAL SUSTAINABLE TECHNOLOGY FOR SOIL CONDITION/MOISTURE MONITORING MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
20. GLOBAL SUSTAINABLE TECHNOLOGY FOR CROP MONITORING MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
21. GLOBAL SUSTAINABLE TECHNOLOGY FOR SUSTAINABLE MINING AND EXPLORATION MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
22. GLOBAL SUSTAINABLE TECHNOLOGY FOR FIRE DETECTION MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
23. GLOBAL SUSTAINABLE TECHNOLOGY MARKETSHARE BY REGION, 2023 VS 2031 (%)
24. US SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
25. CANADA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
26. UK SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
27. FRANCE SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
28. GERMANY SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
29. ITALY SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
30. SPAIN SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
31. REST OF EUROPE SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
32. INDIA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
33. CHINA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
34. JAPAN SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
35. SOUTH KOREA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
36. REST OF ASIA-PACIFIC SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
37. LATIN AMERICA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
38. MIDDLE EAST AND AFRICA SUSTAINABLE TECHNOLOGY MARKET SIZE, 2023-2031 ($ MILLION)
