Global green IT services market is estimated to be valued at USD 26.83 Bn in 2024 and is expected to reach USD 84.71 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 17.8% from 2024 to 2031.
Green IT services refer to the eco-friendly use of information technology aimed at reducing carbon footprint. It involves designing, manufacturing, using and disposing electronic devices in an eco-friendly way. With growing concerns about climate change and dwindling natural resources, green IT has become increasingly important. It helps organizations to lower operational costs and boost energy efficiency by optimizing infrastructure and workflows. Global green IT services market is expected to witness substantial growth in the near future as businesses focus on sustainable practices and enhance their green credentials.
Market Dynamics:
Global green IT services market growth is driven by rising need to optimize resource utilization and reduce environmental impact of IT operations. Growing concerns about the hazardous waste generated from electronic equipment disposal boosts demand for green IT solutions. Organizations are adopting green services to lower their carbon footprint and power bills. However, high initial investments associated with upgrading infrastructure as per green standards can hamper the market growth. Collaboration of IT vendors with SMBs to offer customized and affordable solutions can offer a major opportunity. COVID-19 has further accelerated the digital transformation of enterprises, thus, boosting demand for managed green services.
Key features of the study:
Detailed Segmentation-
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