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The sustainability management software market size is forecast to increase by USD 1.47 billion at a CAGR of 15.2% between 2023 and 2028. The market is experiencing significant growth due to the increasing shift toward green initiatives by organizations to reduce their carbon footprint and comply with regulatory requirements. Another trend driving market growth is the emergence of analytics in sustainability management software, enabling businesses to gain valuable insights and make data-driven decisions. However, integration issues with existing ERP solutions remain a challenge, hindering the adoption of sustainability management software by some organizations. Despite these challenges, the market is expected to continue its growth trajectory, driven by the need for transparency, accountability, and operational efficiency in sustainability management.
Sustainability management software plays a crucial role in helping organizations reduce carbon emissions, manage energy usage, and promote the use of green energy and renewable resources. This software assists in implementing sustainable practices by providing tools for energy management, resource management, and automated data management. The software can be deployed as cloud-based solutions, on-premise, or hybrid cloud, catering to various organizational needs. The software offers features like reporting, project planning, scenario planning, energy saving, carbon footprint reduction, and pollution reduction. It helps organizations track and manage their energy usage, identify areas for improvement, and set targets for climate change mitigation.
Moreover, the software also provides consulting and implementation services to ensure smooth adoption and integration with corporate strategy. The manufacturing sector is a significant adopter of sustainability management software due to its high energy consumption and carbon footprint.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The IT and telecom segment is estimated to witness significant growth during the forecast period. The global market encompasses solutions designed to help organizations manage and reduce their carbon emissions, energy usage, and resource consumption. This market includes offerings for energy management, green energy, renewable resources, and low-carbon technology. Implementation and consulting services are often provided to facilitate the adoption of these solutions, which can be delivered through cloud-based, on-premise, or hybrid cloud models. Key industries, such as the chemicals sector and manufacturing sector, are increasingly focusing on sustainability practices to minimize their carbon footprint and pollution reduction. In the ICT sector, which is responsible for between 3% and 4% of global CO2 emissions, telecommunications account for 1.6% of these emissions, primarily due to upstream and downstream energy use.
Moreover, to address this challenge, sustainability management software is being adopted to promote energy efficiency, cost-saving strategies, and real-time information management. Collaboration and communication systems are also essential components of these solutions, enabling seamless data management and project planning. Additionally, scenario planning and reporting tools help organizations assess their environmental impact and implement sustainable practices in response to climate change. The market is expected to grow significantly due to the increasing demand for cloud-based solutions in various sectors, including the manufacturing industry's focus on green development.
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The IT and telecom segment accounted for USD 457.50 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Sustainability Management Software plays a pivotal role in helping organizations minimize their Carbon Emissions and promote Green Energy through effective Energy Management. This Environmental Software facilitates the utilization of Renewable Resources and the implementation of Low-Carbon Technology, thereby contributing to cost-saving strategies. Consulting and Implementation Services provide expert guidance for the successful deployment of these solutions, which can be delivered via Cloud-Based, On-Premise, or Hybrid Cloud configurations. Collaboration and Communication Systems ensure Real-time Information sharing, enabling efficient Project Planning and Scenario Planning. Sustainability Management Software is increasingly adopted in sectors like Chemicals and Manufacturing for Energy Efficiency, Climate Change mitigation, Supply chain derisking, and Green Development. Additionally, it aids in Resource Management, Automated Data Management, Reporting, and Pollution Reduction.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Shift toward green initiatives is the key driver of the market. Sustainability management software plays a crucial role in addressing the challenge of carbon emissions by promoting the use of green energy and renewable resources. This environmental software enables organizations to monitor, measure, plan, store, and report carbon emission data in real-time. By providing detailed information on energy usage and resource management, it helps identify and implement cost-saving strategies through automated data management and efficient measures to reduce electricity and heating and cooling bills. Additionally, sustainability management software facilitates collaboration and communication systems for scenario planning and project management, ensuring alignment with corporate strategy and sustainable practices. In the manufacturing and chemicals sectors, this software aids in supply chain derisking and green development by providing low-carbon technology solutions and identifying opportunities for energy efficiency and pollution reduction. The software is available in various deployment models, including cloud-based, on-premise, and hybrid cloud, catering to the diverse needs of organizations.
The emergence of analytics in sustainability management software is the upcoming trend in the market. Sustainability management software plays a crucial role in helping organizations minimize their carbon emissions and optimize energy usage through the implementation of green energy and renewable resources. With increasing penalties from energy suppliers for inefficient devices and stringent government regulations on carbon footprint reduction, the demand for sustainability management software is on the rise. This software facilitates automated data management, reporting, project planning, and scenario planning for energy saving and pollution reduction. Real-time information is essential for businesses to comply with climate change regulations and adopt cost-saving strategies. In sectors like chemicals and manufacturing, sustainability management software aids in supply chain derisking and green development.
Moreover, cloud-based solutions, collaboration systems, and communication systems are integral components of these software offerings, enabling organizations to manage their energy usage effectively and efficiently. Sustainability management software also facilitates data management and the adoption of low-carbon technology, thereby contributing to a corporate strategy focused on sustainable practices.
Integration issues with ERP solutions are a key challenge affecting the market growth. Sustainability management software plays a crucial role in helping organizations manage and reduce their carbon emissions, energy usage, and resource consumption. This environmental software often includes features such as energy management, green energy tracking, renewable resource management, and low-carbon technology implementation. However, the implementation of sustainability management software can present challenges, particularly when integrating it with an organization's existing ERP system. This integration can be complex, as the IT infrastructure of a company may not be compatible with the software, potentially negating its benefits. Middleware solutions can help address some of these challenges, but they can be costly and require customization and manual processes.
Additionally, sustainability management software can benefit various sectors, including the chemicals industry for supply chain derisking and the manufacturing sector for green development and energy efficiency. Collaboration and communication systems, real-time information, and automated data management are also essential components of these solutions, enabling cost-saving strategies, pollution reduction, and climate change mitigation.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Benchmark Digital Partners LLC - The company offers sustainability management software such as Cloud-Based Management Solutions for ESG and EHS Programs.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Sustainability management software plays a crucial role in helping organizations reduce carbon emissions, manage energy usage, and promote the use of renewable resources. This software is designed to provide real-time information on energy consumption, resource management, and automated data management. It also offers reporting, project planning, and scenario planning features to help companies implement cost-saving strategies and reduce their carbon footprint. The software can be deployed as cloud-based, on-premise, or hybrid cloud solutions. It includes collaboration and communication systems to facilitate teamwork and ensure the effective implementation of sustainable practices. The software also supports low-carbon technology and can be integrated with other systems such as database management systems and environmental software.
Moreover, the chemicals sector and manufacturing industry are major users of sustainability management software. It helps these industries in supply chain derisking, green development, and energy efficiency. The software also assists in pollution reduction and climate change mitigation efforts. Additionally, it aids in the implementation of corporate strategies focused on sustainable practices. Overall, sustainability management software is an essential tool for organizations looking to minimize their environmental impact and save costs.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.2% |
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Market growth 2024-2028 |
USD 1.47 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
12.86 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 44% |
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Key countries |
US, China, UK, Germany, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Benchmark Digital Partners LLC, Dakota Software Corp., Diligent Corp., ENGIE SA, Figbytes Inc., Fortive Corp., International Business Machines Corp., LogicLadder Technologies Pvt. Ltd., Mitsubishi Electric Corp., PDS Group, Quentic GmbH, SAP SE, Schneider Electric SE, Sphera Solutions Inc., UL Solutions Inc., Urjanet Inc., VelocityEHS Holdings Inc., and Wolters Kluwer NV |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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