According to a new report, published by KBV research, The Global Green IT Services Market size is expected to reach $49.53 billion by 2031, rising at a market growth of 15.5% CAGR during the forecast period.
The Services segment is experiencing a CAGR of 16.2% during (2024 - 2031). These services include consulting, deployment, integration, and maintenance, critical for organizations transitioning to sustainable IT practices. The complexity of implementing green IT solutions, particularly for organizations with legacy systems, has driven the need for professional services to ensure a seamless transition. Moreover, the increasing focus on custom-tailored solutions has fueled demand for consulting services as businesses seek to align green IT practices with their unique operational requirements.
The On-premises segment is leading the Global Green IT Services Market by Deployment in 2023; thereby, achieving a market value of $25.06 billion by 2031. On-premises deployments are often favored for their enhanced control, data security, and ability to meet stringent regulatory compliance requirements, particularly in healthcare, finance, and government sectors. Many organizations prioritize on-premises solutions to maintain complete ownership over their hardware and software, allowing for tailored optimization of energy-efficient practices. These setups enable businesses to directly monitor and manage their power consumption and implement customized green IT strategies.
The BFSI segment captured a CAGR of 14.8% during (2024 - 2031). The industry's increasing reliance on advanced IT systems for digital banking, cybersecurity, and data analytics has driven the adoption of green IT solutions. Financial institutions are also under pressure from stakeholders and regulators to align with sustainability goals, which has led to investments in energy-efficient technologies. Additionally, the rising trend of remote banking services and mobile applications has further accelerated the BFSI sector's commitment to sustainable IT practices.
Full Report: https://www.kbvresearch.com/green-it-services-market/
The North America region dominated the Global Green IT Services Market by Region in 2023; thereby, achieving a market value of $18.11 billion by 2031. The Europe region is expected to witness a CAGR of 15.1% during (2024 - 2031). Additionally, The Asia Pacific region would register a CAGR of 16.1% during (2024 - 2031).
By Type
By Deployment
By End Use
Unique Offerings 
