Which Potential Growth Opportunities are Driving Global Internet of Things and Big Data?
Increasing adoption of IoT and big data for environmental, social, and governance goals accelerates decarbonization and the transformational green growth of businesses
As companies align their environmental, social, and governance (ESG) goals with the United Nations Sustainability Development Goals (SDG), they increasingly adopt the Internet of Things (IoT) and Big Data technologies to improve their performance. 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. Frost & Sullivan estimates the sustainability industry to have 5 billion IoT-connected devices as of December 2021 (16.6% of the total IoT devices).
This Frost & Sullivan study provides a snapshot of the emerging IoT and Big Data solutions that help businesses achieve their ESG goals, specifically environmental goals. 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, with the base year 2021. The study also includes use cases of sustainable solutions with IoT and Big Data technologies and the profiles of notable technology companies and telecommunication operators providing these solutions. Frost & Sullivan 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.
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