Green Information Technology Services Market: Business Growth, Development Factors, Application and Future Prospects
Green information technology (IT) covers
services related to environmentally sustainable computing and IT
optimization. The technology aims at minimizing the negative impacts of
IT operations by manufacturing, designing, and disposing of servers,
computers, and other associated subsystems such as networking systems,
communication systems, printers and monitors, and storage devices in an
environmentally-friendly manner.
The
motive behind deploying green IT practices is to reduce the dependence
on hazardous materials, thus promoting biodegradability of outdated or
unused products and maximizing the energy efficiency through a product’s
lifetime.
The concept of green IT
services was first coined in 1992 when Energy Star was launched by the
U.S. Environmental Protection Agency. Energy Star is a voluntary
labeling program that helps enterprises save money and curb greenhouse
gas emissions by identifying the products that offer energy efficiency.
Apart from the aforementioned components, green IT also includes
redesigning data centers. The market for green IT services has been
gaining impetus from the growing popularity of virtualization, cloud
computing, and green networking.
The report presents a comprehensive overview of the global Green Information Technology Services Market.
It includes information obtained from trusted industrial sources in a
logical chapter-wise format. These chapters are further interspersed
with relevant graphs, statistics, and tables. Compiled with the intent
of updating stakeholders about the prevailing market dynamics, the
report also presents insights into the factors driving and restraining
the market.
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Global Green Information Technology Services Market: Key Opportunities and Threats
Software
development and optimization are dependent on several factors such as
algorithmic efficiency, virtualization, resource allocation, and
terminal server’s optimization. Many enterprises are keen on adopting
green technology and are looking for vendors who can help them in
offering green IT services to their clients, subsequently assisting them
in reducing costs incurred on data centers and other IT services.
Large-scale organizations around the world
have already started deploying criteria or metrics on water use or
power use. Apart from tracking their corporate carbon footprint, these
companies are also ensuring optimal utilization of assets by promoting
the reuse of IT components instead of investing in new ones. The IT
services market, therefore, has been gaining significant momentum from
the capital-intensive approaches adopted by companies.
Apart
from the ICT industry, the hospitality, banking and financial services,
manufacturing, pharmaceuticals, and various other industries are
joining the green IT and sustainability trend.
The
global Green Information Technology Services Market is majorly driven
by the increasing desire among the corporate and IT sector to improve
efficiency and reduce costs. The market is also gaining from favorable
government initiatives encouraging the implementing of green projects.
Currently, green IT solutions are focusing on data centers, thus
providing opportunities for leading vendors to expand their reach into
other IT functionalities.
Regionally,
the Green Information Technology Services Market witnesses the most
attractive opportunities in North America and Europe. Favorable
government policies prevalent in these regions have been boosting the
green IT services market in Europe and North America.
Global Green Information Technology Services Market: Vendor Landscape
To
study the prevailing vendor landscape in the market, the report
profiles companies such as Deloitte Touche Tohmatsu Limited, Accenture
plc, Cap Gemini S.A., IBM Corp., Tata Consultancy Services, Limited,
Dell Inc., Cisco Systems Inc., and others.
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