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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.
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 –
Other prominent vendors in the carbon and energy management software market include ACCUVIO, AssetWorks, Ecova, Carbon Clear, Enablon, Enviance, MetricStream, SourceOne, and Verisae.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market size and forecast
PART 07: Market segmentation by deployment
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Five forces analysis
PART 14: Vendor landscape
PART 15: Key vendor profiles
PART 16: Appendix
Tags: network management software, carbon footprint, it service management, managed services, enterprise application industry trends, enterprise application market study,
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