Green IT services help organizations measure and reduce their carbon footprint and environmental impact of IT usage. Such services provide solutions for data center virtualization, asset recovery, and recycling e-waste which help in energy conservation and reduce greenhouse gas emissions.
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:
Governments of various countries are imposing stricter regulations regarding carbon emissions from businesses. Companies are now required to report their carbon footprint and environmental impact. Green IT services help organizations comply with such regulations through solutions like improving energy efficiency of data centers, reducing business travel using virtual meeting software, optimizing hardware usage through asset recovery and recycling. As environmental regulations become more stringent in coming years, the demand for green IT services is expected to witness strong growth.
Segment Analysis
The Global Green IT Services Market Size can be segmented based on services type into carbon footprint management, green datacenters, cyber security and disaster recovery, asset management, and others. Within these, green datacenters segment captured highest share in 2024 and is expected to be the fastest growing segment during the forecast period. The growth is attributed to increasing construction of large data centers with high energy consumption and focus of organizations on reducing energy costs associated with data center operations.
Key Takeaways
The global green IT services market is expected to witness high growth over the forecast period. The increasing demand for cost effective operations through reuse, reduce and recycle practices and stringent regulatory compliances towards reducing carbon footprint are projected to drive the market 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.
Regional analysis
North America accounted for largest share in 2024 owing to strict regulatory standards and availability of technology. Asia Pacific is anticipated to grow at fastest pace during the forecast period, due to rapid digitalization and industrialization in countries such as China and India. The implementation of green IT initiatives aims to optimize energy usage in data centers and office buildings in the region.
Key players
Key players operating in the green IT services market include Imerys Group, Milliken & Company Inc., PCI Augsburg GMBH, Rocl, 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 services for cloud and data center optimization to reduce energy costs and carbon footprint. Similarly, Milliken & Company provides intelligent building solutions to address sustainability and wellness needs of organizations.
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