Cloud Sustainability Market Size and Key Players and Analysis
The global cloud sustainability market size was estimated at USD 25.40 billion in 2023 and is predicted to surpass USD 147.47 billion by 2033, with a healthy CAGR of 19.23% from 2023 to 2033. The key players operating in the cloud sustainability market are SAP, Salesforce, Oracle Cloud, Nutanix, Microsoft Azure, IBM Cloud, Google Cloud, Equinix, Dell Technologies, Amazon Web Services (AWS), and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 147.47 Billion |
| Market Size in 2023 |
USD 25.40 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 19.23% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2023 to 2033 |
| Segments Covered |
Solution, Enterprise Size, Service Model, End-user, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Cloud Sustainability Market Key Players
- SAP
- Salesforce
- Oracle Cloud
- Nutanix
- Microsoft Azure
- IBM Cloud
- Google Cloud
- Equinix
- Dell Technologies
- Amazon Web Services (AWS)
Recent Developments
- In February 2024, Google Cloud announced a partnership with HSBC to enhance its "Google Cloud Ready – Sustainability" program. This initiative aims to support climate tech companies by providing financing and technological assistance to help them develop solutions for carbon emission reduction and improve sustainability in value chains. HSBC committed to deploying USD 1 billion in climate tech finance to support these companies, starting with venture debt financing for Level Ten Energy, which specializes in clean energy transactions.
- In April 2024, Salesforce unveiled its Sustainability Cloud 2.0, designed to help organizations track, manage, and reduce their carbon emissions more effectively. The updated platform incorporates advanced analytics and artificial intelligence to provide deeper insights into sustainability practices. This version allows users to visualize their carbon footprint and set actionable goals, promoting accountability and transparency in corporate sustainability efforts.
Latest Announcements by Leaders
- In June 2024, Microsoft introduced an AI-powered Sustainability Toolkit was introduced as part of its commitment to help organizations reduce their environmental impact. This toolkit integrates AI capabilities into existing Microsoft Azure services, enabling businesses to analyze their energy usage and carbon emissions in real-time. The goal is to facilitate more informed decision-making regarding sustainability initiatives, ultimately aiming for net-zero emissions across Microsoft’s customer base.
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