The global Green IT Services Market Growth Accelerated by Increasing Environmental Regulations

 

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:

Increasing environmental regulations around the world are accelerating the growth of the green IT services market. 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.

Get More Insights On This Topic: https://www.newsstatix.com/the-growing-adoption-of-energy-efficient-business-practices-powers-the-global-green-it-services-market/

Comments

Post a Comment

Popular posts from this blog

Smart Home Automation is fastest growing segment fueling the growth of Photodiode Sensors Market

Image
Market Overview: Photodiode sensors are electronic devices that convert incident light into electric current. They have advantages of high sensitivity and fast response time. Photodiode sensors are widely used in applications such as smart home automation, optical communication systems, barcode readers, position sensing devices, and industrial inspection systems. The global Photodiode Sensors Market is estimated to be valued at US$ 838.12 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends in the photodiode sensors market is the growing demand for compact and high-performance position sensing devices. Photodiode sensors are increasingly being used in applications such as optical encoders, interrupter sensors, and motion detectors where compact size and precise position sensing capabilities are required. The increasing penetratio...
Read more

Empathy in Action: Unveiling the Multifaceted Realm of Health Caregiving and Its Impact on Patients, Families, and Communities

Image
  Healthcare systems around the world are facing immense pressure as the population ages. With increased life expectancy, more people require long-term medical care and support in their old age. While medical professionals play a vital role in caring for patients, informal caregiving by family members also shoulders a significant burden. Health Caregiving comes with responsibilities that can impact one's physical, mental and financial well-being if not managed properly. This article discusses some of the key aspects of caring for a loved one's health and why more support is needed for caregivers. The Role of Family Caregivers Family members often step up to become primary caregivers for their loved ones who require long-term medical support. This could be due to age-related illnesses, disabilities or chronic conditions. As per estimates, over 53 million adults in the United States alone provide unpaid care to an adult or child with special needs. Caregiving responsibilitie...
Read more

Navigating the Diabetic Ketoacidosis Treatment Market: Current Trends and Future Prospects

Image
  Diabetic ketoacidosis (DKA) is a severe and potentially life-threatening complication of diabetes, characterized by high blood sugar levels, dehydration, and the presence of ketones in the blood and urine. As the prevalence of diabetes continues to rise globally, the demand for effective DKA treatments has never been more critical. The Diabetic Ketoacidosis Treatment Market, therefore, stands at the forefront of healthcare innovation, constantly evolving to meet the needs of an increasing number of patients. One of the primary drivers of the Diabetic Ketoacidosis Treatment Market is the alarming rise in diabetes cases worldwide. With sedentary lifestyles, unhealthy dietary habits, and genetic predisposition contributing to the surge in diabetes diagnoses, the market for DKA treatments has witnessed significant growth. Healthcare providers and pharmaceutical companies are continually investing in research and development to devise innovative therapies, aiming to enhance patient ou...
Read more