Forrester Research predicts that the green IT services market could grow by as much as 60 percent per year into 2013, when it will peak at $4.8 billion before leveling off.
According to a report issued by Forrester analyst Chris Mines on April 24th, businesses are deploying sustainability metrics around criteria such as water and power use, and are also starting to track their corporate carbon footprint. Many enterprises are looking to IT services firms to help plan and implement green IT initiatives, and while the global recession is putting a squeeze on IT spending, it also is persuading corporations to optimize their existing IT assets rather than buy new ones, and is fueling the federal government’s drive to fund green projects.
According to an article in eWeek by Jeffrey Burt, there were some positive and negative factors that went into calculating the latest projections. The global recession is expected to cause worldwide IT spending to shrink by 3 percent this year over 2008—with IT services and outsourcing spending falling along the same lines. In addition, the recession’s negative impact on corporate capital spending convinced Mine to reduce the average spend on a green IT project’s implementation phase from about $1 million to $800,000, reflecting the interest by businesses to optimize existing IT assets rather than buy new ones.
Read Jeffrey Burt’s article at http://www.eweek.com/c/a/Green-IT/Green-IT-Service-Market-to-Grow-to-48-Billion-in-2013-Forrester-587606/