According to a new market research report titled "Green IT Services Market Report (2023-2028)," the market is estimated at USD 15.14 billion in 2023. It is expected to register a CAGR of 10.62% during the forecast period.
Green IT, also known as green computing, focuses on efficient resource use and eco-friendly practices. It encourages environment-friendly product manufacturing, virtualization, power management, and recycling. Sustainable sources and cost savings are driving the adoption of green IT practices. The need to reduce carbon footprints and improve resource utilization fuels the growth of green IT services. Governments worldwide are enforcing laws to control emissions, pushing industries to adopt green IT practices.
Who are the Top Companies in the Global Green IT Services Market?
The market is moderately fragmented and highly competitive, with no dominating players. Vendors are implementing various organic and inorganic growth strategies to strengthen their market offerings.
The significant players in the global green IT services market are,
- IBM Corporation
- Accenture PLC
- Johnson Controls
- SAP SE
- Schneider Electric SE
- Enablon SA
- Accuvio Sustainability Software
- Dakota Software Corp.
- Enviance Inc.