Green Technology and Sustainability Market to Exhibit a CAGR of 22.4% from 2024 to 2032; Integration of IoT and Green Technology to Broaden the Market Development

The global green technology and sustainability market size stood at USD 17.21 billion in 2023. The market value is slated to rise from USD 20.90 billion in 2024 to USD 105.26 billion by 2032 at a CAGR of 22.4% during 2024-2032. Fortune Business Insights™ presents this information in its report titled “Green Technology and Sustainability Market Size, Share & Industry Analysis, By Component (Solutions and Services), By Deployment (Cloud and On Premise), By Enterprise Type (Large Enterprise and SMEs), By Implemented Technology (Internet of Things (IoT), AI and Analytics, Digital Twin, Cloud Computing, Blockchain, and Others), By Application (Air and Water Pollution Monitoring, Carbon Footprint Management, Crop Monitoring, Fire Detection, Forest Monitoring, Green Building, Soil Condition/Moisture Monitoring, Sustainable Mining and Exploration, Water Management, Weather Monitoring and Forecasting, and Others), and Regional Forecast, 2024 – 2032”

Green technologies and sustainability entail advanced environmental solutions incorporated to surge sustainability development, decrease or mitigate undesirable influences from human-made actions on the surroundings, and secure the atmosphere or natural resources. They strive to maintain, repair previous damages, and secure the environment. Organizations witnessing a climate-stable future are augmenting market growth. Private organizations and governments have unveiled many programs for attaining a climate-stable future.

The COVID-19 pandemic had a moderate influence on the market on account of halted projects coupled with concerns related to supply chains. However, the efforts by the government toward incorporating sustainable solutions, the need for a sustainable future, and a surge in environmental concerns led to a positive impact on the market.  

Incorporation of Gen AI into Existing Green Technology Solutions to Fuel Market Growth

The green technology and sustainability market observed a positive influence due to the trend of generative AI. In 2024, it is poised to experience several sustainability initiatives and innovations across the world. Moreover, gen AI assets, including codes, designs, models, and other synthetic data primarily lead to innovation KPIs, business, and sustainability initiatives.

CropX Technologies Completed the Acquisition of Green Brain to Surge its Customer Base

In December 2023, CropX Technologies unveiled the acquisition of Green Brain, an Australia-based company with expertise in offering digital irrigation management tools. Moreover, CropX Technologies aims to boost its market expertise and broaden its customer base through this strategic move.

Market Value to Expand Driven by Surging Incorporation of Internet of Things (IoT) Technology

The Internet of Things (IoT) is a vital element of the green technology and sustainability industry. It provides sensor-based solutions, rich data insights to help service providers consistently enhance their services, and reduces the requirement for human intervention. In recent years, the integration of green technology and IoT has been helping the deployment of renewable energy.

However, the prohibitive costs pertaining to the solution may hamper green technology and sustainability market growth.

Market Leaders Emphasize Capacity Expansions to Gain a Competitive Edge

Prominent companies are making investments in emerging technologies to launch and deploy green technology and sustainability solutions. Many small-scale companies are obtaining funding to release better solutions while broadening their global reach. Key companies are also emphasizing investing in capacity expansions to achieve a competitive advantage.

List of Key Players Profiled:

• IBM Corporation (U.S.)


• Sensus (Xylem Inc.) (U.S.)


• Microsoft Corporation (U.S.)


• ENGIE Impact (France)


• General Electric Company (U.S.)


• Schneider Electric (France)


• Oracle Corporation (U.S.)


• CropX Inc. (Israel)


• Taranis Visual Ltd. (U.S.)


• Cority (Canada)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/green-technology-and-sustainability-market-102221

Key Industry Development

• July 2023: NTT Data Corporation unveiled a new establishment which used technologies such as AI, IoT, and others named, NTT Green & Food Corporation. This new business will provide its end users with more sustainable food production solutions.

Further Report Findings

• North America captured the largest market share in 2023 driven by several initiatives undertaken by the government to accomplish regional sustainability targets in the coming years. In August 2022, the Inflation Reduction Act was imposed by the U.S., which led to the nation’s largest ever climate investment for increasing jobs in green industries while decarbonizing its economy.


• Based on deployment, the cloud segment observed the largest green technology and sustainability market share in 2023 owing to various sustainability advantages provided by the cloud. These include minimization of hardware requirements, reduction of environmental impact, and promotion of energy-efficient systems.

Table of Segmentation