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Sustainable development

IoT and Big Data Market Growth Opportunities for Sustainability Applications

Strategic Insights

— 1 min read

Companies are increasingly adopting Internet of Things (IoT) and Big Data technologies to achieve their environmental, social, and governance (ESG) goals, specifically environmental goals. The study provides a snapshot of emerging IoT and Big Data solutions helping businesses achieve their ESG objectives and includes use cases of sustainable solutions with IoT and Big Data technologies. The publisher rounds off the study with three key growth opportunities for IoT and Big Data technologies on which stakeholders can capitalize: digital infrastructures, forest monitoring, and sustainable manufacturing.

Key Takeaways:

  • The study analyzes key drivers and restraints influencing the global IoT and Big Data market growth and provides a connection forecast of the total IoT devices for sustainability applications from 2022 to 2026.
  • Integrating IoT with other digital technologies, such as blockchain, data analytics, artificial intelligence, machine learning, and the cloud, is fundamental for meeting ESG and SDG priorities.
  • The publisher estimates the sustainability industry to have 5 billion IoT-connected devices as of December 2021, which is 16.6% of the total IoT devices.
  • Companies are leveraging IoT and Big Data to increase energy efficiency, anticipate future sustainable manufacturing, and monitor forest health.
  • Notable technology companies and telcos providing sustainable solutions include Vodafone, Telefonica, Microsoft, KT Corporation, Telstra, OBS, Cisco, Vivo (Telefonica Brasil), and TIM Brasil.
  • The report highlights the connection between IoT, Big Data, and the United Nations Sustainability Development Goals (SDG).

Statistics:

  • The sustainability industry has 5 billion IoT-connected devices as of December 2021, accounting for 16.6% of the total IoT devices.
  • The study provides a connection forecast of the total IoT devices for sustainability applications from 2022 to 2026.
  • The publisher rounds off the study with three key growth opportunities for IoT and Big Data technologies, including digital infrastructures, forest monitoring, and sustainable manufacturing.

Sources:

  • ResearchAndMarkets.com's report on the global IoT and Big Data market growth and opportunities for sustainability applications.
  • United Nations Sustainability Development Goals (SDG) website.
  • Vodafone, Telefonica, Microsoft, KT Corporation, Telstra, OBS, Cisco, Vivo (Telefonica Brasil), and TIM Brasil company websites.
  • Various online sources for technology and business news and trends.

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