Carbon Management Software Market by Solution and Geography - Forecast and Analysis 2021-2025

The carbon management software market share is expected to increase by USD 8.60 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.67%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by solution (software and services) and geography (North America, Europe, APAC, MEA, and South America). The market report also offers information on several market vendors, including ENGIE SA, GreenStep Solutions Inc., Greenstone Ltd, Salesforce.com Inc., SAP SE, Schneider Electric SE, Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV, and Metrix Software Solutions (Pty) Ltd. among others.

What will the Carbon Management Software Market Size be During the Forecast Period?

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Carbon Management 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 shift toward green initiatives is notably driving the market growth, although factors such as lack of standards, training, and development 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 management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Market Driver

One of the key factors driving the market growth is the shift toward green initiatives. The most effective technique of combating the issues of greenhouse gas (GHG) emissions is to use green energy. The utilisation of renewable resources as raw materials for energy creation is known as green energy generation. Carbon management software provides a detailed report on the amount of carbon dioxide generated per unit of production by organizations. It assists organisations in reducing GHG emissions by monitoring, measuring, planning, storing, and reporting carbon emission data. It also aids in raising awareness of the dangers of GHG emissions and identifying and implementing cost-cutting strategies such as reduced electricity and heating and cooling expenditures. Many companies are implementing carbon management software to reduce rising GHG emissions, which is fueling the market's expansion.

Key Market Trend

Another key factor driving the market growth is the emergence of analytics in carbon management software. Big data and analytics technologies are helping organizations operating in the energy sector to reduce operating expenditures through the use of predictive modelling techniques. The use of real-time data analytics is assisting energy companies in adhering to numerous regulatory standards. As a result, real-time data has become an essential component of running a successful organisation. In recent years, analytics investment has expanded dramatically across a variety of industry verticals. Several sector verticals have invested in analytics solutions, including banking, financial and insurance services, healthcare, and energy and utility services. Predictive analytics and IoT are combined in effective and smart energy management systems (EMS). Predictive analytics aids in defining the optimal warranty period and cost of the equipment. Implementing IoT and predictive analytics will optimize carbon emissions, thereby being able to provide well-informed demand-side operations. The information from these is used in carbon management software to provide better energy solutions.

Key Market Challenge

One of the key challenges impeding the market growth is the lack of standards, training, and development. Advancements in technology and the decline in electronic product costs are encouraging customers to buy new products frequently.  This is leading to an increased level of e-waste, which is potentially hazardous for the environment.  For example, many manufacturers of electronic products in South America sell them with little information on their disposal, which adds to carbon dioxide or carbon emissions.  Unlike established countries such as the US and the UK, many developing countries, such as India, lack sufficient carbon emission standards. As a result, there are no limits on carbon or carbon dioxide emissions in poor countries, and no efforts are made to manage them. Henceforth, the lack of standards, training, and development are hampering the growth of the global market.

This 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global carbon management software market as a part of the global application 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 market during the forecast period.

Who are the Major Carbon Management Software Market Vendors?

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

 

• ENGIE SA
• GreenStep Solutions Inc.
• Greenstone Ltd
• Salesforce.com Inc.
• SAP SE
• Schneider Electric SE
• Simble Solutions Ltd.
• Sphera Solutions Inc.
• Wolters Kluwer NV
• Metrix Software Solutions (Pty) Ltd.

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as increasing profitability by offering cost-effective services to compete in the market.

Product Insights and News

• ENGIE SA - The company offers The ENGIE Impact Energy and Sustainability Management Platform which streamlines the carbon reporting process, by combining accurate utility data and unique emissions sources in a single centralized location with intuitive reporting capabilities.

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

Carbon Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 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 application software market includes the following core components:

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

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

Which are the Key Regions for Carbon Management Software Market?

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32% of the market's growth will originate from North America during the forecast period. The US is the key market for carbon management software in North America. Market growth in this region will be faster than the growth of the market in the South America region.

Factors such as the presence of a strong economy, the implementation of the Clean Air Act, technological advances in clean air technology, and the presence of several industrial clean air technology companies will facilitate 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 regional market for carbon management software witnessed certain challenges in 2020 due to the COVID-19 pandemic. The US was the most affected by the COVID-19 pandemic. Many end-user industries of carbon management software were adversely affected by the outbreak. Facility shutdowns across end-user industries, owing to nationwide lockdowns and disruptions in supply chains, negatively impacted the demand for new carbon management software in the region in 2020. However, Technavio expects the regional market to witness recovery in 2021, as the stimulus given by the governments to various businesses is expected to drive their growth. The re-opening of global markets will offer a favorable environment to the companies in North America to increase their production so that they can compete with their counterparts in the regional and global markets. A boost in the industrial activities will drive the demand for carbon management software in the region during the forecast period.

What are the Revenue-generating Geography Segments in the Carbon Management Software Market?

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The market share growth by the software will be significant during the forecast period. Carbon management software offers greater flexibility in terms of customization and tailored solutions for large organizations. Many carbon management software vendors deliver software solutions that make use of the growing adoption of cloud-based systems. Market growth and revenue of the segment will increase during the forecast period as enterprises are focused on reducing their IT infrastructure costs.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Carbon Management Software Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 14.67%
Market growth 2021-2025	$ 8.60 billion
Market structure	Fragmented
YoY growth (%)	4.78
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 32%
Key consumer countries	US, UK, China, France, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ENGIE SA, GreenStep Solutions Inc., Greenstone Ltd, Salesforce.com Inc., SAP SE, Schneider Electric SE, Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV, and Metrix Software Solutions (Pty) Ltd.
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, Market condition analysis for 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 Management Software Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the carbon management software industry across North America, Europe, APAC, MEA, 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 market vendors

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