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Carbon Accounting Software Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 141
  • SKU: IRTNTR70641
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The carbon accounting software market share is expected to increase by USD 9.61 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 28.66%.

This carbon accounting software market research report extensively covers carbon accounting software market segmentation by end-user (telecommunication, oil and gas, technology, power and utilities, and others) and geography (North America, Europe, APAC, The Middle East, and Africa, and South America). The carbon accounting software market report also offers information on several market vendors, including Benchmark Digital Partners LLC, BraveGen, Carbon Analytics Ltd., CarbonetiX, Epicor Software Corp., Greenstep Oy, Intelex Technologies Inc., Lisam Systems SA, Locus Technologies, NativeEnergy, ProcessMAP Corp., SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV, and ENGIE SA among others.

What will the Carbon Accounting Software Market Size Be During the Forecast Period?

Carbon Accounting Software Market Size

Download Report Sample to Unlock the Carbon Accounting Software Market Size for the Forecast Period and Other Important Statistics

 

Carbon Accounting Software Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The need to reduce the overall costs incurred by enterprises is notably driving the carbon accounting software market growth, although factors such as the difficulty in capturing energy usage data may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the carbon accounting software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Carbon Accounting Software Market Driver

The need to reduce the overall costs incurred by enterprises is a key driver driving the carbon accounting software market. Enterprises have realized the benefit of deploying the appropriate software. Visibility of energy usage enables enterprises to identify appropriate cost-saving opportunities. The use of carbon accounting can help enterprises identify business activities that use a lot of energy and thereby help reduce the use of energy as well as resources. Measuring the carbon footprint determines the current energy consumption, allows enterprises to address any inefficiencies, and helps them find ways to lower direct energy costs. This reduces the overall costs incurred by these enterprises. Carbon accounting provides end-user enterprises with details about the overall energy consumption patterns during a given period. Hence, such factors are expected to drive the growth of the global carbon accounting software market during the forecast period.

Key Carbon Accounting Software Market Trend

The increasing government initiatives and regulations to reduce carbon emissions is another factor supporting the carbon accounting software market share growth. Governments in different countries are taking initiatives to reduce GHG emissions by formulating energy-related rules and regulations. Organizations must meet the GHG emission regulatory requirements and therefore should observe, measure, and monitor the levels of emissions of substances, such as carbon. The financial impact of non-compliance and the increasing demand for energy-efficient products from consumers are compelling companies to adopt carbon accounting software in their businesses. These factors are expected to boost the growth of the global carbon accounting software market during the forecast period.

Key Carbon Accounting Software Market Challenge

The difficulty in capturing energy usage data will be a major challenge for the carbon accounting software market during the forecast period. Collecting the data on energy usage is the most critical part of any report on environmental sustainability. Except for carbon-intensive industries such as utility, oil, and gas, or heavy manufacturing, most organizations rarely track their energy usage. The calculation of carbon emissions in any given year involves tracking down utility invoices for hundreds of buildings and contacting multiple plant managers to ascertain the use of propane, natural gas, and other energy sources. Estimating the use of energy by equipment such as chillers, trucks, fleets, remote offices, and generators is very difficult and time-consuming. Therefore, capturing accurate data is one of the biggest challenges in the global carbon accounting software market.

This carbon accounting software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global carbon accounting software market as a part of the global application software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the carbon accounting software market during the forecast period.

Who are the Major Carbon Accounting Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Benchmark Digital Partners LLC
  • BraveGen
  • Carbon Analytics Ltd.
  • CarbonetiX
  • Epicor Software Corp.
  • Greenstep Oy
  • Intelex Technologies Inc.
  • Lisam Systems SA
  • Locus Technologies
  • NativeEnergy
  • ProcessMAP Corp.
  • SAP SE
  • SIERRA ODC Pvt. Ltd.
  • Simble Solutions Ltd.
  • Sphera Solutions Inc.
  • Wolters Kluwer NV
  • ENGIE SA

 

This statistical study of the carbon accounting software market encompasses successful business strategies deployed by the key vendors. The carbon accounting software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Carbon Analytics Ltd.-The company offers automated business carbon footprint assessment.
  • Greenstep Oy-The company offers carbon accounting software under the brand name Sustainability.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The carbon accounting software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Carbon Accounting Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the carbon accounting software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the carbon accounting software market includes the following core components:

  • Inputs
  • Software development process
  • Marketing and distribution
  • Post-selling services

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Carbon Accounting Software Market?

Carbon Accounting Software Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

37% of the market’s growth will originate from North America during the forecast period. The US is the key market for carbon accounting software in North America. Market growth in this region will be faster than the growth of the market in Europe and South America

Concerns among corporations regarding increasing CO2 emission rates will facilitate the carbon accounting software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The growth of the regional market for carbon accounting software witnessed a slowdown in 2020 due to the outbreak of COVID-19. However, the reopening of global markets will offer a favorable environment to companies in North America to increase their production so that they can compete with their counterparts in regional and global markets. Such boosts to industrial activities will continue to drive the demand for carbon accounting software in the region during the forecast period.

What are the Revenue-generating End-user Segments in the Carbon Accounting Software Market?

Carbon Accounting Software Market Share

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The carbon accounting software market share growth in the telecommunication segment will be significant during the forecast period. Telecom companies have deployed carbon accounting software to monitor their carbon emissions and reduce their operational costs. In the telecom sector, components that are responsible for carbon emissions include antennas, feeders, cables, and other transmission equipment. Moreover, passive components, such as telecom towers, sites, and others, are also responsible for carbon emissions. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the carbon accounting software market size and actionable market insights on post COVID-19 impact on each segment.

 

Carbon Accounting Software Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 28.66%

Market growth 2022-2026

$ 9.61 billion

Market structure

Fragmented

YoY growth (%)

26.97

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Benchmark Digital Partners LLC, BraveGen, Carbon Analytics Ltd., CarbonetiX, Epicor Software Corp., Greenstep Oy, Intelex Technologies Inc., Lisam Systems SA, Locus Technologies, NativeEnergy, ProcessMAP Corp., SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV, and ENGIE SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Carbon Accounting Software Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive carbon accounting software market growth during the next five years
  • Precise estimation of the carbon accounting software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the carbon accounting software industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of carbon accounting software market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Telecommunication - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Telecommunication - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Telecommunication - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Telecommunication - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Telecommunication - Year-over-year growth 2021-2026 (%)
    • 5.4 Oil and gas - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
    • 5.5 Technology - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Technology - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Technology - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Technology - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Technology - Year-over-year growth 2021-2026 (%)
    • 5.6 Power and utilities - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Power and utilities - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Power and utilities - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Power and utilities - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Power and utilities - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by End-user
      • Exhibit 48: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Carbon Analytics Ltd.
              • Exhibit 101: Carbon Analytics Ltd. - Overview
              • Exhibit 102: Carbon Analytics Ltd. - Product / Service
              • Exhibit 103: Carbon Analytics Ltd. - Key offerings
            • 10.4 CarbonetiX
              • Exhibit 104: CarbonetiX - Overview
              • Exhibit 105: CarbonetiX - Product / Service
              • Exhibit 106: CarbonetiX - Key offerings
            • 10.5 ENGIE SA
              • Exhibit 107: ENGIE SA - Overview
              • Exhibit 108: ENGIE SA - Business segments
              • Exhibit 109: ENGIE SA - Key news
              • Exhibit 110: ENGIE SA - Key offerings
              • Exhibit 111: ENGIE SA - Segment focus
            • 10.6 Greenstep Oy
              • Exhibit 112: Greenstep Oy - Overview
              • Exhibit 113: Greenstep Oy - Product / Service
              • Exhibit 114: Greenstep Oy - Key offerings
            • 10.7 Intelex Technologies Inc.
              • Exhibit 115: Intelex Technologies Inc. - Overview
              • Exhibit 116: Intelex Technologies Inc. - Product / Service
              • Exhibit 117: Intelex Technologies Inc. - Key offerings
            • 10.8 Lisam Systems SA
              • Exhibit 118: Lisam Systems SA - Overview
              • Exhibit 119: Lisam Systems SA - Product / Service
              • Exhibit 120: Lisam Systems SA - Key offerings
            • 10.9 SAP SE
              • Exhibit 121: SAP SE - Overview
              • Exhibit 122: SAP SE - Business segments
              • Exhibit 123: SAP SE - Key news
              • Exhibit 124: SAP SE - Key offerings
              • Exhibit 125: SAP SE - Segment focus
            • 10.10 SIERRA ODC Pvt. Ltd.
              • Exhibit 126: SIERRA ODC Pvt. Ltd. - Overview
              • Exhibit 127: SIERRA ODC Pvt. Ltd. - Product / Service
              • Exhibit 128: SIERRA ODC Pvt. Ltd. - Key offerings
            • 10.11 Simble Solutions Ltd.
              • Exhibit 129: Simble Solutions Ltd. - Overview
              • Exhibit 130: Simble Solutions Ltd. - Business segments
              • Exhibit 131: Simble Solutions Ltd. - Key offerings
              • Exhibit 132: Simble Solutions Ltd. - Segment focus
            • 10.12 Wolters Kluwer NV
              • Exhibit 133: Wolters Kluwer NV - Overview
              • Exhibit 134: Wolters Kluwer NV - Business segments
              • Exhibit 135: Wolters Kluwer NV - Key offerings
              • Exhibit 136: Wolters Kluwer NV - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Carbon Accounting Software market growth will increase by $9615.29 million during 2022-2026.
              The carbon accounting software market is expected to grow at a CAGR of 28.66% during 2022-2026.
              Technavio has segmented the carbon accounting software market by end-user (Telecommunication, Oil and gas, Technology, Power and utilities, and Others) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
              Benchmark Digital Partners LLC, Carbon Analytics Ltd., CarbonetiX, Energy Solution Providers Ltd, ENGIE SA, Epicor Software Corp, Greenstep Oy, Intelex Technologies, Lisam Systems SA, Locus Technologies, NativeEnergy, ProcessMAP Corp., SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV are a few of the key vendors in the carbon accounting software market.
              North America will register the highest growth rate of 36.9% among the other regions. Therefore, the carbon accounting software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the carbon accounting software market growth are:
              • Stringent regulations and increasing adoption of policies on carbon emissions
              • Increasing government initiatives and regulations to reduce carbon emissions
              The carbon accounting software market vendors should focus on grabbing business opportunities from the telecommunication segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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