by Green IT services help organizations monitor and reduce their carbon footprint while saving on energy costs through the deployment of eco-friendly technologies and processes. These services involve consulting, auditing, application development, and infrastructure services to curb an enterprise’s negative environmental impact. They enable businesses to implement virtualization, cloud computing, asset recovery, and recycling practices to cut emissions. The global Green IT services market allows companies to meet sustainability goals and regulatory compliance efforts through technology-based solutions.
The global Green IT Services Market is estimated to be valued at US$ 16.14 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Cloud Computing Advances Drive Green IT Initiatives
The rising adoption of cloud technologies has accelerated green initiatives among enterprises. Cloud delivery models such as Infrastructure as a Service (IaaS) promote server consolidation and virtualization, eliminating redundant on-premise hardware. They also offer significant energy savings through centralized data centers running at maximum efficiency. As businesses increasingly leverage cloud platforms for workload optimization, data management, and disaster recovery, Green IT consulting and assessment services are witnessing higher demand. This trend is a major factor spurring the Green IT services industry.
Porter’s Analysis
Threat of new entrants: The Global Green IT Services Market Size requires significant investments and expertise making the threat of new entrants moderate.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many green IT service providers in the market offering similar solutions.
Bargaining power of suppliers: Suppliers have low bargaining power due to the availability of substitutes and less differentiation in components.
Threat of new substitutes: The threat of substitutes is low as the green IT services require domain expertise and customized solutions.
Competitive rivalry: The competitive rivalry in the market is high given the presence of various global and regional players offering similar services.
Key Takeaways
The global Green IT Services market is expected to witness high growth. The global Green IT Services Market is estimated to be valued at US$ 16.14 Mn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.
North America region dominates the global green IT services market led by strict environmental regulations for data centers and enterprises. The Asia Pacific region is expected to grow at the fastest pace during the forecast period owing to increasing penetration of cloud services and growing awareness about energy-efficient technologies.
Key players related content comprises: Key players operating in the Green IT Services market are Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocla, Wagners, Universal Enterprise, Schlumberger Ltd, Murray & Roberts Cementation Co. Ltd, Banah UK Ltd, Zeobond Pty Ltd, Uretek, BASF, Corning Inc., Nu-Core, Pyromeral Systems and Airbus. Imerys Group offers smart services for eco-efficient data centers to reduce energy consumption.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
