The North America Green Technology and Sustainability Market would witness market growth of 21.0% CAGR during the forecast period (2021-2027).
Some of the growth catalysts for green technology and sustainability are the rising level of environmental awareness and growing concerns among organizations and individuals regarding global warming. Further, one of the key drivers for the market growth is the growing number of supportive initiatives from the government as well as private players to address the emerging issues of climate change and air pollution.
The green technology and sustainability market is expected to be boosted by less amount of carbon emission through the modernization of IT and telecom infrastructure. Smart and ultra-modern technologies encourage the government as well as various industries to provide solutions and products built on technologies like analytics, IoT, AI, and cloud.
The North American Climate, Energy, and Environment Partnership, which was created in June 2016, encourages the government to formulate policies regarding green technology, and the procurement of more eco-friendly goods, electric vehicles, and renewable energy as needed. The Procurement Canada and The U.S. General Services Administration and Public Services released the plan to expand electricity purchase they do from clean energy to 100%. These kinds of supportive government initiatives would support the growth and demand for green technology and sustainability in the regional market.
The US market dominated the North America Internet of Things (IoT) Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,162.7 Million by 2027. The Canada market is anticipated to grow a CAGR of 22.1% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 21% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Green Technology and Sustainability Market is Estimated to reach $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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