Friday, March 24th, 2023

Green Information Technology Services Market 2022-2030 Growth Analysis

A latest report from Absolute Markets Insights covers insights into the global Green Information Technology Services market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Green Information Technology Services market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Green Information Technology Services report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Green Information Technology Services report also shows a new uptrend that includes market conditions and market forecast 2022-2030.

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Some of the major players operating in the global Green Information Technology Services market include: Accenture, Capgemini Service SAS, Cloud Big Data Technologies LLC, Green IT Consulting, GreenIT, IBM Corporation, Microsource Group of Companies and SAP SE amongst others.

In terms of revenue, global green information technology services market is expected to grow at a CAGR of 19.72% over the forecast period.

The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.

Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Green Information Technology Services Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.

Key insights from the report:

  • The report provides key statistics on the market status of Green Information Technology Services Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
  • The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
  • The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
  • The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
  • The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
  • Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  • The report makes some important proposals for a new project of Green Information Technology Services Market before evaluating its feasibility.

Covid-19 cumulative impact:

This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Green Information Technology Services Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Green Information Technology Services Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.

Key questions answered in this report:

  • What will the market size and growth rate be in 2030?
  • What are the key drivers of the global market?
  • What are the key market trends impacting the growth of the global market?
  • What are the market growth challenges?
  • Who are the key vendors in the global market?
  • What are the global market opportunities and challenges for sellers?
  • What are the key findings of the global five-point analysis of the Green Information Technology Services market?

As businesses are marching towards achieving sustainability by developing strategies to adopt environment friendly solutions, demand for green information technology services is witnessing an upsurge. The U.S Department of Energy’s report of 2016 states that the energy consumption of data centers across U.S will rise by 4% to amount 73 billion kwh by 2020. This rapidly rising energy consumption is causing concerns among businesses and government agencies. The costs of electric power utilized by IT department’s accounts for around 50% of the overall energy costs for an organization. The rising demand for electricity from IT servers also inflates the production cost of energy and heightens the pollution levels, thus pressurizing the government entities to adopt counter-measures. Also, the material used in manufacturing of electronic components used in IT hardware are creating problems for governments to recycle and dispose them effectively. To tackle these issues, adoption of green IT solutions and services have gained popularity in recent years.

The green IT or green computing refers to the optimization of overall energy consumption by IT infrastructure through implementation of various techniques such as power management, virtualization, improvised cooling technology, recycling, electronic waste disposal and optimization of the IT infrastructure. For instance, Airtel India has launched their Sustainability Plan 2020 under which the company aims to balance its business priorities and cater the environmental concerns by partnering with IBM Corporation and Infosys Limited to develop green IT systems. Also, the 2030 Agenda for Sustainable Development initiative of United Nations is targeted to incorporate social and environmental concerns in the development strategies of businesses. Similarly, the Kyoto Protocol of United Nations, Energy Conservation Act of the Bureau of Energy Efficiency and other such initiatives are encouraging adoption of green IT offerings. Thus, the strategic intent of organizations and governments to address the energy and environment conservation demand is propelling the growth of green information technology services market across the globe.

The returns on the investment in green IT infrastructure are mostly obtained in long term which causes resistance among enterprises for adoption of these technologies. Also, the high initial investment and compromised performance to conserve energy are other challenges. As these technologies aren’t mature yet, customization to cater specific requirements of enterprises are creating challenges in the global green information technology services market.

Companies are integrating smart capabilities in their green IT offerings. This incorporating of smart technologies with green IT can be used to optimize the energy utilization by distributing the energy as per the need of the computer and utilizing the existing infrastructure to maximum possible intent, thereby reducing consumption of resources. For instance, Niometrics introduced their Deep Network Analytics technology in September 2019 which exploits the existing IT infrastructure to maximum permits and reduces demand for new hardware, thus, resulting in lesser power consumption and carbon footprint. In similar instance, CAST Application Intelligence Platform includes Green IT Index which helps companies to identify wasteful software resources through analysis of software architecture and eliminate the flaws. Thus, the incorporation of smart analytics capabilities is increasing the efficiency of green computing and creating lucrative growth opportunities for players in global green information technology services market.

The growing demand for enhanced computing power is expected to further propel the demand in global green information technology services market over forecast years. The supercomputers and high processing computing solutions consume enormous amounts of electricity to deliver high performance which creates demand for green IT offerings. For instance, in 2019 IBM Corporation, in partnership with Rensselaer Polytechnic Institute and U.S government, developed a heterogeneous system which combined the capabilities of Central Processing Units (CPU) and Graphics Processing Units (GPU) which maximized the performance and energy efficiency of AiMOS supercomputer. The recent outbreak of COVID-19 pandemic has further inflated demand for high performance computers and supercomputers to analyse massive sets of patient and clinical trial data. IBM Corporation is assisting researchers and government institutes to develop an effective vaccine for COVID-19 by providing access to its Summit supercomputer. These extended use of supercomputers and high performance computers has led to high electricity energy consumption which is anticipated to heighten the demand for green IT solutions and services.

Global Green Information Technology Services Market Segmentation:

Global Green Information Technology Services Market By Services (IT System Design, IT Infrastructure System Design, Integrated Facilities Design, Business Process And System Design, Eco-Footprint Assessment, Eco-Innovation Planning And Sustainability Program Project Management, EPP For IT Systems, Sustainable IT Education Programs, Others); By Type (Design Services, Consulting Services, Customized Education, Management Services, Others); By End User (Professional, Enterprise (Small And Medium Sized Enterprises, Large Enterprises)); By Industry Verticals (IT And Telecommunications, Banking, Financial Services And Insurance (BFSI), Retail And Consumer Goods, Healthcare, Government, Non-Profit, Education, Others); By Region (U.S., Canada, Mexico, Rest Of North America, The UK, France, Germany, Italy, Spain, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest Of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest Of Southeast Asia), Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest Of Middle East & Africa, Brazil, Argentina, Rest Of Latin America) – Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022–2030

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