There is a continuous growth in “Green IT Services” Market in last five years and also continue for the forecast year 2023. Green IT Services industry report analyses the outline of the global market with respect to major regions and segmented by types and applications. Green IT Services Market covers top manufacturers, product scope, market overview, market opportunities, market risk, market driving force, technological advancement, distributors, traders, dealers, research findings.
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The global green IT services market was valued at USD 8.30 billion in 2017, and it is projected to reach a value of USD 15.06 billion by the end of 2023, at a CAGR of 10.45% during the forecast period, (2018 – 2023). The scope of the report is limited to products offered by Major Players including providers of software solutions and services. The study also emphasizes on the major trends and end-users in the market, major drivers for the growth of the market. Factors such as growth of household income and the increase of urbanization activities affect the growth of the market.
Growing emphasis on reducing carbon footprints and the growing need for eco-friendly services are pushing the growth of green IT services. Companies around the world have beginning to improve efficiencies of operations. The need to reduce wastage, efficiently utilize resources and reduce carbon footprints warrants the deployment of innovative and sustainable solutions. Reducing carbon footprints and controlling energy consumption have become crucial factors in recent years.
Increasing Environmental Concerns and Growing Focus on Reducing Carbon Footprint Drive the Growth for Green IT Services.
Energy consumption remains one of the primary factors causing the growth of greenhouse gases. It is estimated that energy consumption accounts for more than 66% of global greenhouse gas emissions. Average temperatures, globally, have been increasing in the last few decades. Scientists have confirmed the onset of global warming. Increasing consumption of natural resources and increasing wastage of energy have accelerated greenhouse effects. With the surrounding environment changing at a rapid pace, countries are now working toward fighting global warming and reducing carbon footprints. IT services now play a major role in many industries and these services consume significant amounts of energy. With the growing importance of reducing carbon footprints, organizations are now turning to IT operations to provide solutions to reduce energy consumption.
Industrial End-user is Expected to Have the Highest Share Owing to Increasing Environmental Concerns
The growing automotive and manufacturing industry has a rather high penetration of IT systems, which are being utilized to manage operations. Efficient project management and sustainability programs are essential in achieving the maximum productivity. Additionally, the use of green IT services has been positively appreciated by the key players in the industry. Waste and energy management occupies a position of critical importance in the industrial segment as it is an integral part of industrial operations. The use of automation and other advanced technologies in the mining, petroleum and chemicals industry has further increased the reach of IT technologies in the industrial segment.
North America Is Expected to Have High Market Share for Green IT Services.
Niche firms with expertise in environmental regulatory compliance such as Foresite Systems, and sustainability specialists like Enablon retain strong presence in this region. The growing importance of analytics, access to content and data management will support the vendors with expertise in these areas. The Canadian Government announced plans to reduce the nation’s greenhouse gas emissions (GHGs) by 30% by 2030. Increased dependence on imported fuels and rising energy demands have prompted decision makers to introduce stringent regulations. The United States Environmental Protection Agency (EPA) proposed a greenhouse gas regulations policy called the Clean Power Plan.
Major Players: IBM CORPORATION, ACCENTURE PLC, JOHNSON CONTROLS, GREEN STEP SOLUTIONS, SAP SE, SCHNEIDER ELECTRIC, ENABLE SA, IHS MARKIT LTD., VERISAE INC. ACCUVIO SUSTAINABILITY SOFTWARE, ENVIANCE INC., DAKOTA SOFTWARE, CREDIT 360 LTD., amongst others.
Key Developments in the Market
• September 2017 – Enviance has been continuing investments in the field of EHS, as it has announced a series of product releases and a new platform has been developed to amplify the company’s EHS platform.
• September 2017 – SiteHawk has entered into a strategic partnership with Enablon, which is expected to result in effective data analysis, optimize resources which is expected to strengthen total business performance.
Major Regions: – Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Rest of Asia-Pacific, Rest of Europe, Rest of Middle East & Africa, Rest of North America, Rest of South America, Saudi Arabia, South Africa, South Korea, Uinted Kingdom, US
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Reasons to Purchase this Report:
- Analysing various perspectives of the Green IT Services market size with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Green IT Services market growth during the forecast period.
- Identify the latest developments, Green IT Services market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
Major Points Covered in Table of Content of Green IT Services Market forecast 2023
1. Introduction of Green IT Services Market Report
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Green IT Services Market Trends
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Green IT Services Market Dynamics
6.Global Green IT Services Market, Segmented by Size
7. Global Green IT Services Market, Segmented by Technology Type
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8. Global Green IT Services Market, Segmented by Geography
8.1 North America
8.1.1 United States
8.2 South America
8.4.1 United Kingdom
8.5 Africa and Middle East
8.5.2 South Africa
8.5.3 Saudi Arabia
9. Competitive Landscape
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
11. Future Outlook of the Market
And Many More……….
For Detail TOC Click Here
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