Cloud Computing Services is the largest segment driving the growth...

Cloud Computing Services is the largest segment driving the growth of Green IT Services Market

Posted 2023-11-21 11:38:13

SWOT Analysis

Strength: Growing awareness about energy conservation and cost savings associated with green IT services.
Weakness: Higher upfront costs for implementing green IT solutions.
Opportunity: Government incentives and regulatory push for sustainable business practices.
Threats: Slow pace of technology adoption among small and medium enterprises.

Key Takeaways

The Global Green IT Services Market Demand is expected to witness high growth, exhibiting CAGR of 12.% over the forecast period, due to increasing focus on sustainability and energy conservation practices among organizations.

Regional analysis: North America dominates the global green IT services market currently, owing to stringent environmental regulations and proactive government policies regarding carbon emission cuts in the region. Asia Pacific is anticipated to exhibit the fastest growth over the coming years led by countries like China and India.

Key players operating in the 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.