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Green IT Services Market Size (2024 - 2029)

The Green IT Services Market is projected to experience significant growth, driven by the increasing emphasis on reducing carbon footprints and the demand for eco-friendly services. This expansion is fueled by the adoption of sustainable solutions that optimize resource use and minimize waste. The impact of COVID-19 has highlighted vulnerabilities in supply chains, prompting IT organizations to enhance operational efficiencies and ensure robust service delivery. Government regulations aimed at controlling emissions and promoting environmental sustainability are further accelerating the adoption of green IT services. Additionally, advancements in cloud computing and the development of green data centers are contributing to the market's expansion, as organizations invest in technologies that offer sustainability as a core feature.

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Market Size of Green IT Services Industry

Green IT Services Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 24.36 Billion
Market Size (2029) USD 49.44 Billion
CAGR (2024 - 2029) 15.21 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Green IT Services Market Analysis

The Green IT Services Market size is estimated at USD 24.36 billion in 2024, and is expected to reach USD 49.44 billion by 2029, growing at a CAGR of 15.21% during the forecast period (2024-2029).

The use of sustainable sources has been a widely adopted trend as the enormous cost savings and optimization of the resources have proved to be a favoring factor for the industry.

  • The growingThe growing focus on reducing carbon footprints and the rising need for eco-friendly services propel the growth of green IT services. Companies around the world have started improving efficiencies of operations. The need to reduce waste, efficiently utilize resources and reduce carbon footprints warrants deploying innovative and sustainable solutions.
  • With the emergence of COVID-19, the vulnerability of supply chains has been exposed. A fragile ecosystem for most IT organizations includes critical IT service providers. Moreover, work-from-home mandates have led the service providers to ensure that mission-critical enterprise customers have the essential tools and technologies to enable service speed, security, quality, and overall efficacy.
  • Many governments worldwide have, thus, initiated strict laws and regulations for industries to control emissions and reduce environmental damage. This is driving the adoption of green IT services. The companies are also allocating funds to reduce carbon footprints adhere to the standards, and improve brand perception.
  • The Government of Indonesia is trying to accelerate the development of National Data Centers. In June 2022, the government of South Korea signed an agreement to develop a 100 million USD National Data Centre in Batam, the Riau Islands.
  • Desktop virtualization, cloud services, green data centers, and SaaS (software as a service) become green IT solutions by offering sustainability as a feature. Industries and organizations are, thus, investing in these technologies and services, aiding the growth of the market studied.
  • Cloud computing is expected to be one of the major drivers of this market. According to Cisco, Cloud data centers are expected to process 94% of the workloads in 2021. This is predicted to fuel the development of services offered on the cloud, thereby expanding this market.

Green IT Services Industry Segmentation

Green IT, also called green computing, is the study where the resources are used efficiently. It helps the manufacturers and encourages IT departments (in government, BFSI, industrial, and others) to produce environment-friendly products and to consider more virtualization, power management, and proper recycling habits.

The Green IT Services Market is segmented by Type (Software, Service), End-user Vertical (Government, BFSI, IT, and Telecom, Industrial, Healthcare), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

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

The Green IT Services Market is experiencing significant growth, driven by the increasing emphasis on sustainability and the need to reduce carbon footprints. As companies worldwide strive to enhance operational efficiencies and minimize waste, the adoption of eco-friendly IT solutions has become a priority. This trend is further accelerated by stringent government regulations aimed at controlling emissions and promoting environmental responsibility. The COVID-19 pandemic has also highlighted the importance of resilient IT infrastructures, prompting organizations to invest in innovative solutions that ensure service continuity and security. The market is characterized by the integration of technologies such as cloud computing, desktop virtualization, and green data centers, which are pivotal in driving the adoption of sustainable practices across various industries.

In North America, the Green IT Services Market is rapidly expanding, supported by a diverse range of service providers and favorable government policies. Companies like Microsoft and IBM are leading the charge by leveraging renewable energy sources and forming strategic partnerships to enhance their sustainability offerings. The market is moderately fragmented, with key players such as IBM Corporation, Johnson Controls, and Accenture PLC employing a mix of organic and inorganic growth strategies to strengthen their market presence. As the demand for energy-efficient and sustainable infrastructure grows, green IT services are becoming integral to reducing operational costs and preparing for a more regulated environmental landscape.

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Green IT Services Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of COVID-19 impact on the industry

    5. 1.5 MARKET DYNAMICS

    6. 1.6 Market Drivers

      1. 1.6.1 Increasing Environmental Concerns and Growing Focus on Reducing Carbon Footprints

      2. 1.6.2 Strengthening Government Regulations

    7. 1.7 Market Restraints

      1. 1.7.1 Managing Variable Energy and Resource Demands

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Software

      2. 2.1.2 Services

    2. 2.2 By End-user Vertical

      1. 2.2.1 Government

      2. 2.2.2 BFSI

      3. 2.2.3 IT and Telecom

      4. 2.2.4 Industrial

      5. 2.2.5 Healthcare

      6. 2.2.6 Other End-user Verticals

    3. 2.3 By Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East & Africa

Green IT Services Market Size FAQs

The Green IT Services Market size is expected to reach USD 24.36 billion in 2024 and grow at a CAGR of 15.21% to reach USD 49.44 billion by 2029.

In 2024, the Green IT Services Market size is expected to reach USD 24.36 billion.

Green IT Services Market Report Snapshots

Green IT Services Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)