PUBLISHER: Grand View Research | PRODUCT CODE: 1554234
PUBLISHER: Grand View Research | PRODUCT CODE: 1554234
The global cloud sustainability market size was estimated at USD 25.20 billion in 2023 and is expected to grow at a CAGR of 19.2% from 2024 to 2030. The market encompasses efforts to make cloud computing more environmentally friendly and energy-efficient. As organizations increasingly migrate to cloud services, there is growing pressure to address the environmental impact of these technologies. The market includes solutions, services, and practices aimed at reducing the carbon footprint of cloud operations, enhancing energy efficiency, and promoting overall sustainability.
Many organizations are setting ambitious targets to reduce greenhouse gas emissions, enhance energy efficiency, and achieve carbon neutrality. As part of these goals, companies are transitioning to more sustainable cloud solutions. This involves adopting cloud services that use energy-efficient data centers, leverage renewable energy sources, and implement green technologies. By aligning their IT infrastructure with sustainability objectives, businesses comply with regulations and enhance their corporate reputation and operational efficiency.
Innovations in data center technology, such as improved cooling systems and energy-efficient hardware, help reduce the environmental footprint of cloud operations. Advances in energy management technologies enable better power usage optimization and integration of renewable energy sources. In addition, green software development focuses on creating applications that consume less computational power, thus reducing overall energy consumption. These technological advancements make it feasible for organizations to adopt and benefit from sustainable cloud practices.
As organizations embed sustainability into their core strategies, they strongly push toward adopting eco-friendly cloud solutions. Innovations in green technologies, such as energy-efficient data centers and renewable energy integration, are set to enhance the environmental performance of cloud services. Supportive regulatory frameworks are crucial as Healthcare implements stricter environmental regulations and reporting requirements, compelling businesses to prioritize sustainability.
Consumer demand for sustainable practices is rising, with businesses and end-users increasingly favoring companies demonstrating environmental stewardship. This shift is encouraging cloud providers to invest in and develop greener solutions. As sustainability becomes integral to corporate strategies, cloud computing is expected to transform significantly. Companies will increasingly seek solutions offering performance and scalability that align with their environmental goals. This trend will reshape cloud computing, leading to more widespread adoption of sustainable practices and technologies. Overall, the market is anticipated to grow rapidly, with eco-friendly cloud solutions becoming a standard expectation rather than a competitive advantage.
Global Cloud Sustainability Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2018 to 2030 in each of the sub-segments. For this study, Grand View Research has segmented the global cloud sustainability market report based on solution, enterprise size, service model, end use, and region: