Global Carbon and Energy Management Software Market 2017-2021

Global carbon and energy management software market overview

Technavio’s market research analyst predicts the global carbon and energy management software market size to grow steadily at a CAGR of around 12% by 2021. One of the primary drivers for the carbon and energy management software market growth is the rapid digital transformation and automation of the energy sector. Modernization of the energy sector has increased the procurement of advanced IT solutions, such as energy analytics and internet of things (IoT), to reduce the energy consumption. Automation in the energy sector has also attracted investments in IT solutions. Fully automated IT systems in organizations operating in the energy sector have attracted significant spending on IT solutions. Industrial automation solutions, such as supervisory control and data acquisition, programmable logic controller, remain the top selection of enterprises in 2016. Moreover, clean energy initiatives in numerous countries across the globe will further contribute to the increase in the IT spending, which in turn, will propel the growth of the global carbon and energy management software market during the forecast period.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. According to the carbon and energy management software industry analysis report, the rising adoption of energy management software among the leading oils and gas players is the key reason for the dominance of the Americas in the carbon and energy management software market. Also, these technological developments have increased the production of abundant oil and natural gas resources in the region, thereby boosting the demand for carbon and energy management software. Additionally, with an increasing number of enterprises adopting the carbon and energy management software to ensure proper management of their carbon footprint, the global carbon and energy management software market is expected to grow in the coming years.

Competitive landscape and key vendors

The global carbon and energy management software market is highly consolidated due to the presence of large vendors holding the majority of the market shares. The existence of global players and the reduced cost structure of oil and gas companies have made it a competitive market. Also, the demand pattern and economic scenario have influenced the vendors' inclination toward technological offerings such as cloud, geo-location technologies (Wi-Fi and Bluetooth), smart oil field solutions, and video analytics in both onshore and offshore sites.

Leading vendors in the market are –

• CA Technologies
• IBM
• SAP
• Schneider Electric

Other prominent vendors in the carbon and energy management software market include ACCUVIO, AssetWorks, Ecova, Carbon Clear, Enablon, Enviance, MetricStream, SourceOne, and Verisae.

Segmentation by deployment and the carbon and energy management software industry analysis

• On-premise
• Cloud-based

During 2016, the on-premise segment dominated the carbon and energy management software market and accounted for a major part of the overall market share. Factors such as the availability of an in-house team of IT experts and low ongoing infrastructural costs are the key contributors to the dominance of this segment in the global market.

Segmentation by end-users and the carbon and energy management software industry analysis

• Power and utilities
• Oil and gas
• Industrial
• Enterprise

In this market study, analysts have estimated the power and utilites segment to dominate the carbon and energy management software market during the forecast period. This segment includes electric utilities that are public agencies or privately-owned companies generating power for public use. Rapid population growth and increased urbanization are driving the growth of this segment the global market.

Key questions answered in the report include

• What will the carbon and energy management software market size and the growth rate be in 2021?
• What are the key factors driving the global carbon and energy management software market?
• What are the key market trends impacting the growth of the global carbon and energy management software market?
• What are the challenges to the carbon and energy management software market growth?
• Who are the key vendors in the global carbon and energy management software market?
• What are the market opportunities and threats faced by the vendors in the global carbon and energy management software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global carbon and energy management software market?

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