Growing emphasis on reducing carbon footprints and the growing need for eco-friendly services are pushing the growth of green IT services. Companies around the world have beginning to improve efficiencies of operations. The need to reduce wastage, efficiently utilize resources and reduce carbon footprints warrants the deployment of innovative and sustainable solutions. Reducing carbon footprints and controlling energy consumption have become crucial factors in recent years.
Increasing Environmental Concerns and Growing Focus on Reducing Carbon Footprint Drive the Growth for Green IT Services.
Energy consumption remains one of the primary factors causing the growth of greenhouse gases. It is estimated that energy consumption accounts for more than 66% of global greenhouse gas emissions. Average temperatures, globally, have been increasing in the last few decades. Scientists have confirmed the onset of global warming. Increasing consumption of natural resources and increasing wastage of energy have accelerated greenhouse effects. With the surrounding environment changing at a rapid pace, countries are now working toward fighting global warming and reducing carbon footprints. IT services now play a major role in many industries and these services consume significant amounts of energy. With the growing importance of reducing carbon footprints, organizations are now turning to IT operations to provide solutions to reduce energy consumption.
Industrial End-user is Expected to Have the Highest Share Owing to Increasing Environmental Concerns
The growing automotive and manufacturing industry has a rather high penetration of IT systems, which are being utilized to manage operations. Efficient project management and sustainability programs are essential in achieving the maximum productivity. Additionally, the use of green IT services has been positively appreciated by the key players in the industry. Waste and energy management occupies a position of critical importance in the industrial segment as it is an integral part of industrial operations. The use of automation and other advanced technologies in the mining, petroleum and chemicals industry has further increased the reach of IT technologies in the industrial segment.
North America Is Expected to Have High Market Share for Green IT Services.
Niche firms with expertise in environmental regulatory compliance such as Foresite Systems, and sustainability specialists like Enablon retain strong presence in this region. The growing importance of analytics, access to content and data management will support the vendors with expertise in these areas. The Canadian Government announced plans to reduce the nation’s greenhouse gas emissions (GHGs) by 30% by 2030. Increased dependence on imported fuels and rising energy demands have prompted decision makers to introduce stringent regulations. The United States Environmental Protection Agency (EPA) proposed a greenhouse gas regulations policy called the Clean Power Plan.
Major players: IBM CORPORATION, ACCENTURE PLC, JOHNSON CONTROLS, GREEN STEP SOLUTIONS, SAP SE, SCHNEIDER ELECTRIC, ENABLE SA, IHS MARKIT LTD., VERISAE INC. ACCUVIO SUSTAINABILITY SOFTWARE, ENVIANCE INC., DAKOTA SOFTWARE, CREDIT 360 LTD., amongst others.
Key Developments in the Market
- September 2017 - Enviance has been continuing investments in the field of EHS, as it has announced a series of product releases and a new platform has been developed to amplify the company’s EHS platform.
- September 2017 - SiteHawk has entered into a strategic partnership with Enablon, which is expected to result in effective data analysis, optimize resources which is expected to strengthen total business performance.
- Examining the effects of adoption of green IT services in market scenario
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- The product type and application are expected to dominate the market have been predicted and analyzed in detail
- Regions which are expected to witness the fastest growth during the forecast period have been predicted and analyzed in detail
- Identify the latest developments, market shares and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (in excel)
1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Environmental Concerns And Growing Focus On Reducing Carbon Footprints
4.2.2 Strengthening Government Regulations
4.3 Market Restraints
4.3.1 Managing Variable Energy And Resource Demands
4.3.2 High Initial Costs
4.4 Industry Attractiveness- Porter's Five Forces Analysis
4.4.1 Bargaining Power Of Suppliers
4.4.2 Bargaining Power Of Consumers
4.4.3 Threat Of New Entrants
4.4.4 Threat of Substitute products
4.4.5 Competitive Rivalry Within The Industry
5.1 By Type
5.2 By End User Segments
5.2.3 IT and Telecom
5.3 By Geography
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East And Africa
6. Company profiles
6.1 IBM Corporation
6.2 Accenture PLC
6.3 Johnson Controls
6.4 Green Step Solutions
6.5 SAP SE
6.6 Scneider Electric
6.7 Enablon Sa
6.8 Ihs Markit Ltd
6.9 Verisae Inc.
6.10 Accuvio Sustainability Software
6.11 Enviance Inc.
6.12 Dakota Software
6.13 Credit 360 Ltd
7. Investment analysis
7.1 Recent Mergers And Acquisitions
7.2 Investment Scenario And Opportunities
8. Future Of Green IT Services Market