According to a new report, published by KBV research, The Global Cloud Sustainability Market size is expected to reach $96.1 billion by 2031, rising at a market growth of 18.9% CAGR during the forecast period.
The Large Enterprises segment generated the highest revenue in the Global Cloud Sustainability Market by Enterprise Size in 2023; thereby, achieving a market value of $67,579.8 million by 2031. Large enterprises typically have significant IT budgets and extensive cloud infrastructure. With substantial investments in cloud services, these organizations are more inclined to prioritize sustainability to align with their corporate environmental goals and regulatory requirements.
The Energy-efficient Infrastructure segment is registering a CAGR of 18.2 % during the forecast period. Energy costs are a significant operational expense for many organizations. Energy-efficient infrastructure solutions help reduce these costs by optimizing energy consumption and lowering utility bills.
The Infrastructure as a Service (IaaS) segment led the Global Cloud Sustainability Market by Service Model in 2023; thereby, achieving a market value of $37.3 billion by 2031. IaaS provides scalable and flexible cloud infrastructure that can be easily adjusted to meet varying demands. Organizations benefit from the ability to scale resources up or down based on their needs, making it a preferred choice for implementing and managing sustainable cloud solutions.
The IT & Telecom segment is growing at a CAGR of 17.8 % during the forecast period. IT and telecom infrastructure consumes significant energy, including data centers, network equipment, and communication systems. As these sectors expand, managing and reducing their energy consumption and carbon footprint becomes critical.
Full Report: https://www.kbvresearch.com/cloud-sustainability-market/
The North America region dominated the Global Cloud Sustainability Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $33.9 billion by 2031. The Europe region is anticipated to grow at a CAGR of 18.7% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 19.4% during (2024 - 2031).
By Enterprise Size
By Solution
By Service Model
By End Use
By Geography
Unique Offerings 
