Green IT Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Green IT Service Trends and Forecast

The future of the global green IT service market looks promising with opportunities in the government, BFSI, information technology and telecom, industrial, and healthcare markets. The global green IT service market is expected to reach an estimated $25.0 billion by 2030 with a CAGR of 9.5% from 2024 to 2030. The major drivers for this market are rising awareness of the environmental impact of information technology, technological advancements are making it easier and more cost-effective to implement green information technology solutions, as well as, government regulations and incentives.

A more than 150-page report is developed to help in your business decisions.

Green IT Service by Segment

The study includes a forecast for the global green IT service by type, end use, and region.

Green IT Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Software
• Services

Green IT Service Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Government
• BFSI
• Information Technology and Telecom
• Industrial
• Healthcare
• Others

Green IT Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Green IT Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies green IT service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the green IT service companies profiled in this report include-

• IBM
• Johnson Controls
• SAP
• Accenture
• Schneider Electric

Green IT Service Market Insights

Lucintel forecasts that services will remain the larger segment over the forecast period due to growing need for organizations to reduce their environmental impact and improve energy efficiency.

North America will remain the largest region over the forecast period because the governments have been supportive of green IT initiatives, and implementation of number of policies and regulations to promote the adoption of green IT practices.

Features of the Global Green IT Service Market

Market Size Estimates: Green IT service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Green IT service market size by type, end use, and region in terms of value ($B).

Regional Analysis: Green IT service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the green IT service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the green IT service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the green IT service market size?

Answer: The global green IT service market is expected to reach an estimated $25.0 billion by 2030.

Q.2 What is the growth forecast for green IT service market?

Answer: The global green IT service market is expected to grow with a CAGR of 9.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the green IT service market?

Answer: The major drivers for this market are rising awareness of the environmental impact of information technology, technological advancements are making it easier and more cost-effective to implement green information technology solutions, as well as, government regulations and incentives.

Q4. What are the major segments for green IT service market?

Answer: The future of the global green IT service market looks promising with opportunities in the government, BFSI, information technology and telecom, industrial, and healthcare markets.

Q5. Who are the key green IT service market companies?

Answer: Some of the key green IT service companies are as follows:

• IBM
• Johnson Controls
• SAP
• Accenture
• Schneider Electric

Q6. Which green IT service market segment will be the largest in future?

Answer: Lucintel forecasts that services will remain the larger segment over the forecast period due to growing need for organizations to reduce their environmental impact and improve energy efficiency.

Q7. In green IT service market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period because the governments have been supportive of green IT initiatives, and implementation of number of policies and regulations to promote the adoption of green IT practices.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the green IT service market by type (software and services), end use (government, BFSI, information technology and telecom, industrial, healthcare, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?