The global Green Technology and Sustainability market is expected to reach $60.7 billion by 2027, up from $17.8 billion in 2022, according to Research and Markets. That's a 27.8% compound annual growth rate during the forecast period.
Among the big growth areas: Professional and managed services -- which include consulting, integration, deployment, support and maintenance services. All of those IT offerings "play a vital role in functioning green technology and sustainability solutions," the research report said.
Key green technology areas to track include the Internet of Things (IoT), artificial intelligence (AI), analytics, digital twin, cloud computing, security and blockchain offerings.
Key use cases for green technology include:
- Carbon footprint management;
- Green buildings;
- 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.
Green technology and sustainability companies mentioned in the report include:
- Engie Impact
- GE (General Electric)
- IoT Solutions and Consulting
- Lo3 Energy
- Minesenses Technologies
- Schneider Electric
- Smap Energy
- Trace Genomics
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