Global Cloud Sustainability Market Size To Worth USD 132.85 Billion by 2033 | CAGR of 18.57%
Category: Information & TechnologyGlobal Cloud Sustainability Market Size To Worth USD 132.85 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Cloud Sustainability Market Size is to Grow from USD 24.19 Billion in 2023 to USD 132.85 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 18.57% during the projected period.
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Browse key industry insights spread across 245 pages with 125 Market data tables and figures & charts from the report on the "Global Cloud Sustainability Market Size, Share, and COVID-19 Impact Analysis, By Solution (Energy-Efficient Infrastructure, Green Software Solutions, Carbon Management Solutions, and Sustainable Cloud Platforms), By Enterprises (Small & Medium Enterprises (SMEs) and Large Enterprises), By Service Model (Infrastructure As A Service (laaS), Platform As A Service (PaaS), Software As A Service (SaaS), and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cloud-sustainability-market
Cloud sustainability describes ways the organization plans to make cloud-related decisions that take consideration both the environmental impact and the organization's overall sustainability goals. When developing, maximizing, and deploying cloud applications, designers and product identities can balance environmental issues with financial costs or benefits. The market for cloud sustainability includes products, services, and technology that contribute to the environmental friendliness of cloud computing. This market comprises technology for optimizing cloud resources, tools for measuring and lowering data centre energy use, and consulting services to assist businesses in enhancing their cloud sustainability. These sustainability solutions are becoming increasingly in demand as more companies concentrate on lessening their environmental effect. However, considering the benefits, one key constraint to the cloud sustainability market is the significant initial expenditure required to convert to greener infrastructure.
The energy-efficient infrastructure segment dominates the market with the highest market share of the cloud sustainability market during the projected timeframe.
Based on the solution, the cloud sustainability market is categorized into energy-efficient infrastructure, green software solutions, carbon management solutions, and sustainable cloud platforms. Among these, the energy-efficient infrastructure segment dominates the market with the highest market share of the cloud sustainability market during the projected timeframe. Increasing costs of energy are an essential concern for data centres, which require a lot of power. High energy consumption leads to significant operational costs for cloud service providers. To solve this, many are investing in energy-efficient infrastructure such as proficient cooling systems, low-power servers, and better power monitoring.
The large enterprises segment is expected to hold the largest share of the cloud sustainability market during the projected timeframe.
Based on the enterprises, the cloud sustainability market is categorized into small & medium enterprises (SMEs) and large enterprises. Among these, the large enterprises segment is expected to hold the largest share of the cloud sustainability market during the projected timeframe. Large organizations frequently use enormous data centres and run extensive cloud operations, which results in high operating expenses and huge energy consumption. They may optimize resource usage, cut down on power consumption, and save overall costs by using green software solutions and cost-effective cloud infrastructure.
The infrastructure as a service (laaS) segment is anticipated to grow at the highest CAGR of the cloud sustainability market during the projected timeframe.
Based on the service models, the cloud sustainability market is categorized into infrastructure as a service (laaS), platform as a service (PaaS), software as a service (SaaS), and others. Among these, the infrastructure as a service (laaS) segment is anticipated to grow at the highest CAGR of the cloud sustainability market during the projected timeframe. The need for green cloud computing services is growing as businesses incorporate sustainability increasingly into their business plans. To help them achieve their environmental objectives, businesses are seeking IaaS suppliers that offer low-carbon, energy-efficient infrastructure. These sustainable cloud solutions assist businesses in lowering their carbon footprints and complying with regulations while preserving performance and cost-effectiveness.
North America is expected to hold the largest share of the cloud sustainability market over the forecast period.
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North America is expected to hold the largest share of the cloud sustainability market over the forecast period. This dominance is primarily due to that many companies, particularly in the technology industry, have set ambitious targets such as being carbon neutral or reducing greenhouse gas emissions. These commitments impose obligations on businesses to deploy operationally necessary, eco-friendly cloud infrastructure. Leading tech companies in this trend are investing in energy-efficient storage structures, renewable energy, and green software to achieve their sustainability goals.
Asia Pacific is predicted to grow at the fastest pace in the cloud sustainability market during the projected timeframe. The Asia-Pacific region has the fastest growth as a result of climate change, and many countries are strengthening their sustainability initiatives and environmental regulations. Green technology adoption is being actively promoted by the healthcare sector by setting ambitious targets for carbon reduction and energy efficiency.
Major vendors in the cloud sustainability market are Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, Oracle Cloud, Salesforce, SAP, Dell Technologies, Equinix, Nutanix, and others.
Recent Developments
- In April 2024, SAP SE declared Charoen Pokphand Foods a Public Corporation Limited ("CP Foods") has selected numerous SAP technologies to accelerate growth, gain a competitive edge, and assure product sustainability for the future.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the cloud sustainability market based on the below-mentioned segments:
Global Cloud Sustainability Market, By Solution
- Energy-efficient Infrastructure
- Green Software Solutions
- Carbon Management Solutions
- Sustainable Cloud Platforms
Global Cloud Sustainability Market, By Enterprise
- Small & Medium Enterprises (SMEs)
- Large Enterprises
Global Cloud Sustainability Market, By Service Model
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
- Others
Global Cloud Sustainability Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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