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Green It service is also known as green computing is a method of naturally sustainable computing. Most importantly it is the survey and practice of utilizing the computers and the IT resources in a much effective and eco-friendly manner. Usually, green It services aim on the energy utilization and cooling the data centers.

Statistics:

The green IT services market was valued at US$ 12.46 Bn in 2021 and is forecast to reach a value of US$ 34.83 Bn by 2030 at a CAGR of 12.4% between 2022 and 2030.

Figure 1: Global Green IT Services Market Value (US$ Bn) Analysis and Forecast, 2017 - 2030

Green IT Services  | Coherent Market Insights

North America held a dominant position in the Global Green IT Services Market Share in 2021

Statistics:

North America held dominant position in the green IT services market in 2021, accounting for 37% share in terms of volume.

Figure 1: Global Green IT Services Market Share (%), By Region, 2021

Green IT Services  | Coherent Market Insights

Key Developments:

In April 2021, Accenture finished the acquisition of the Root Inc., a consultancy firm or the company that aids the industry in activating the plans and the changing the cultures utilizing the creative and visual methods and ways. The root is projected to be an essential part of the Accenture’s Talent and Organization/ Human Potential team where it reinforces its industrial change management abilities with several new experiential and the digital assets made to engage people emotionally and intellectually.

In May 2021, Accenture finished the acquirement of the Electro 80, an OT supplier for the natural resources industries in Australia, comprising mining, energy, construction and the utility. The acquirement increases Accenture’s local digital operational technology abilities. In addition, it may reinforce Accenture’s local abilities for the company X which assists its clients to visualize their production, engineering and operating.

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Green IT Services Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 12.46 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 12.4 % 2030 Value Projection: US$ 34.83 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Software, Services
  • By The End-user Vertical: Government, BFSI, IT and Telecom, Industrial, Healthcare, Other End-user Verticals
Companies covered:

Schneider Electric SE, Accuvio Sustainability Software, Cority Software Inc., IBM Corporation, Johnson Controls, Dakota Software Corp, Accenture PLC, Enablon SA and SAP SE.

Growth Drivers:
  • Rising environmental concerns
  • Rising focus on decreasing the carbon footprint
Restraints & Challenges:
  • Huge initial cost of these services
  • Less budget for the green It resources

Market Drivers:

Driver 1:

Sustainability is the most essential factor in research and the practical world, as the enterprises are rising the adoption of the sustainable initiatives orderly to gain effective resource utilization, carbon dioxide emission decrease, minimal price, the energy usage decrease, ethical waste management and the organic resource conservation is anticipated to drive the growth of the global green IT services market

Driver 2:

The requirement to enhance the process over several companies is driving the need for cloud computing based methods. As per the Global e- Sustainability Initiative Smart 2020 report, being applied on the advanced ICT solutions to sector such as energy, transport, commerce and the building can let the global carbon decrease of up to 15% hence saving EUR 600 billion and making space for many jobs which is anticipated to boost the growth of the global green IT services market.

Market Restraint:

Restraint 1:

The huge initialization price of the green IT services comparatively to that of the earlier IT services, is one of the main reason that is hampering the growth of the global green IT services market as the multiple small and the medium enterprises have very less or no budget for such green IT resources and the services.

Restraint 2:

Green and the environmental friendly goods and items and the services are contrastingly very costly than the traditional goods due to the services that need more money to be modified and certified however, they save money in the long duration. The need of these goods and the services is not huge as that of the traditional goods, the situation is anticipated to hinder the growth of the global green IT services market.

Market Opportunities:

Opportunity 1:

Industries are growing green IT products and the solutions for the industrial, official, consumer and the commercial sector involving the healthcare, IT, BFSI and the telecommunication. Thus, the present green IT market is very broad and it comprises of the services and the platforms which can be utilized by the industry and the consumers.

Opportunity 2:

With the rise in the carbon footprint industries and the official and the industries are working together to regulate and decrease the carbon emission. This anticipated to provide lucrative growth opportunities for the green IT solutions over the predicted duration.

Market Key Takeaways/Trends:

Trend 1:

Technology industries are looking for several methods to decrease the energy usage of their products. This had led the industries aiming on the designing energy effective goods, power supplies, platforms and the integrated circuits. This leads to the growth of the energy-efficient IT methods, that aid the customer decrease their carbon footprint , this growth of the energy efficient goods and services is anticipated to fuel the global green IT services market.

Trend 2:

With the rise in the user base of the social media platforms the internet traffic and the need for cloud storage space have also raised significantly, the fixation or the installation of huge capacity, the energy efficacy, the powerful servers and the networks altering the legacy servers is anticipated to mimic a major role in the development of the global green IT services market.

Competitive Landscape:

Major companies operating in the global green IT services market are Schneider Electric SE, Accuvio Sustainability Software, Cority Software Inc., IBM Corporation, Johnson Controls, Dakota Software Corp, Accenture PLC, Enablon SA and SAP SE.

The primary method in a solid green IT services is to reuse. Reuse is the best method as it increases the life span of that component, decreasing the requirement to produce and then manufacture the other one which is able to decrease the usage of the natural resources. 

Market Dynamics:

The establishment of several carbon emission schemes owing to the need of rapid decarbonization is anticipated to drive the growth of the global green IT services market. The Carbon Research Management Initiative is the recent program by the CGEP that aims on speeding up the decarbonization and decreasing the impact of the climate alteration from the carbon management.

The impact of the pandemic have forced the industry over the globe to limit their spending on the technologies and the services that are known as mission critical through several initiatives that were primarily focused on the transformation. CIOs have been shifting to the emergency cost minimization executing the investment will be decreased and aimed on the operation that is kept and the running commerce which is anticipated to hinder the growth of the global green IT Services market.

The increasing adoption of the RFID sensors that optimize the carbon emission and rise the consumer and the industrial interest to utilize the clean energy resources is a main reason that is anticipated to fuel the growth of the green IT services in the future.

Key features of the study:

  • This report provides in-depth analysis of the global green IT services market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global green IT services market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Major companies operating in the global green IT services market are Schneider Electric SE, Accuvio Sustainability Software, Cority Software Inc., IBM Corporation, Johnson Controls, Dakota Software Corp, Accenture PLC, Enablon SA and SAP SE.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global green IT services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Green IT services market

Detailed Segmentation:

  • Global Green IT Services Market, By Type:
    • Software
    • Services
  • Global Green IT Services Market, By End-Use Vertical:
    • Government
    • BFSI
    • IT and Telecom
    • Industrial
    • Healthcare
    • Other End-user Verticals
  • Global Green IT Services Market, By Geography:
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa

Frequently Asked Questions

The global green IT Services market is estimated to be valued at US$13.71 Mn in 2022 and is expected to exhibit a CAGR of 12.4% between 2022 and 2030.
Rising focus on decreasing the carbon footprint is anticipated to drive the growth of the market.
Software is the leading component in the market.
Rising initial cost of these services is the key factor hampering the growth of the market.
Major companies operating in the market are Schneider Electric SE, Accuvio Sustainability Software, Cority Software Inc., IBM Corporation, Johnson Controls, Dakota Software Corp, Accenture PLC, Enablon SA and SAP SE.

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