Published Date: 22-Dec-2021
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According to a new report Global Green Technology and Sustainability Market, published by KBV research, The Global Green Technology and Sustainability Market size is expected to reach $38.15 billion by 2027, rising at a market growth of 22.5% CAGR during the forecast period.
Based on the Technology, The cloud computing technology segment would procure the biggest revenue share of the green technology and sustainability market during the forecasting period. Factors such as advantages provided by the cloud such as offering real-time remote access to data through sensors, weather, and satellite images are responsible for the growth of this segment.
Based on the Application, Green building also termed as sustainable or high-performance building, can be defined as the method of developing structures and installing processes that are environmentally friendly and resource-efficient during a building’s life cycle from siting to design, operation, construction, maintenance, renovation, and deconstruction. This practice supports the classical building design with dimensions of utility, economy, durability, and comfort.
Based on the region, The APAC is expected to showcase the highest growth rate in the green technology and sustainability market during the forecasting period. Factors such as the increased focus of emerging nations like India, China, and Singapore, on the integration of modern technologies to improve business processes, are expected to open new growth avenues for the regional green technology and sustainability market during the forecasting period.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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