The Asia Pacific Green Technology and Sustainability Market would witness market growth of 24.6% CAGR during the forecast period (2021-2027).
The concept of green technology is catalyzed by energy efficiency, problems about health & safety, recycling, renewable resources, and others. The adoption rate of green technology and sustainability solutions is driven by the rise in consumer and industrial interest for the utilization of clean energy resources to preserve the environment and the rising utilization of RFID sensors across a wide array of industries.
The vendors focus on providing eco-friendly products in order to spread awareness among the consumers. The rising consumption of energy in response to the growing adoption of connected devices can be ignored. All the stakeholders, governments, and private players need to work together in order to reduce the consumption of energy and the environmental impact.
The Asia-Pacific market would be the fastest-growing market in the green technology and sustainability market during the forecasting period. East Asia has seen a substantial shift to a renewable energy future. Some of the countries that are majorly witnessing this shift are India, Japan, South Korea, China, and Taiwan. The governments of these nations have also supported low-carbon, renewable development policies in various ways.
The Internet of Things (IoT) market dominated the Rest of Asia Pacific Green Technology and Sustainability Market by Technology 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $405.2 Million by 2027. The Cloud Computing market is experiencing a CAGR of 25.8% during (2021 - 2027). Additionally, The Cybersecurity market would showcase highest CAGR of 27.5% during (2021 - 2027).
Based on Technology, the market is segmented into IoT, AI & Analytics, Digital twin, Security, Cloud computing, and Blockchain. Based on Application, the market is segmented into Carbon footprint management, Green building, Water purification, Soil condition/moisture monitoring, Crop monitoring, Forest monitoring, Weather monitoring & forecasting, and others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Green Technology and Sustainability Market is Projected to reach USD 38.15 billion by 2027, at a CAGR of 22.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Salesforce.com, Inc., Oracle Corporation, Tech Mahindra Limited, Schneider Electric SE, General Electric (GE) Co., Xylem, Inc. (Sensus), Wolters Kluwer N.V., and ENGIE Impact.
By Technology
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