What is the current size and annual growth rate of the carbon footprint management software market?
The carbon footprint management software market size has grown exponentially in recent years. It will grow from $13.61 billion in 2024 to $16.79 billion in 2025 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to rising energy demand by industries, a shift towards cloud computing and a paperless economy, increasing government initiatives to reduce carbon emissions, and regulatory compliance requirements.
The carbon footprint management software market size is expected to see exponential growth in the next few years. It will grow to $35.1 billion in 2029 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to a growing focus on environmental sustainability, cost savings and increased energy efficiency needs, increasing consumer consciousness and inclinations towards environmentally conscious products, higher priority on environmental performance, global awareness and climate change worries, organizations and governments prioritizing lowering greenhouse gas emissions. Major trends in the forecast period include technological developments, tracking and reporting of carbon emissions, software technology advancements, technological innovation, integrated product developments.
Get Your Free Sample of The Global Carbon Footprint Management Software Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14283&type=smp
Which major factors have contributed to the expansion of the carbon footprint management software market?
The growing focus on environmental sustainability is expected to propel the growth of the carbon footprint management software market. Environmental sustainability refers to the responsible use of resources and practices that preserve and protect the planet’s ecosystems for current and future generations. Environmental sustainability initiatives use carbon footprint management software to track, analyze, and reduce greenhouse gas emissions across various organizational operations, fostering accountability and informed decision-making toward a greener future. For instance, in February 2024, according to Eurostat, a Europe-based intergovernmental statistical organization, general government expenditure on environmental protection amounted to $141.37 billion (€130 billion), which was 0.8% of the EU’s GDP in 2022. Additionally, in January 2024, according to Agriculture and Agri-Food Canada, a Canada-based governmental department, around 8 out of 10 prioritize environmental issues and climate change. Additionally, 65% of Canadians believe they have a moral responsibility to choose environmentally friendly products. Therefore, the growing focus on environmental sustainability is driving the growth of the carbon footprint management software market.
How is the carbon footprint management software market segmented?
The carbon footprint management software market covered in this report is segmented –
1) By Type: Cloud-Based Carbon Footprint Management Software, Web-Based Carbon Footprint Management Software
2) By Features And Functionality: Data Gathering And Analysis, Emission Tracking And Reporting, Scenario Modeling And Planning, Compliance And Regulatory Management
3) By Enterprise Size: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Applications: Manufacturing, Information Technology (IT) And Telecom, Commercial Building, Transportation, Utilities
Subsegments:
1) By Cloud-Based Carbon Footprint Management Software: Public Cloud, Private Cloud, Hybrid Cloud
2) By Web-Based Carbon Footprint Management Software: On-Premises, SaaS (Software As A Service)
Order your report now for swift delivery
Who are the top competitors in the carbon footprint management software market?
Major companies operating in the carbon footprint management software market are Alphabet Inc., Microsoft Corporation, Intel Corporation, International Business Machines Corporation, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, NRG Energy Inc., Atos SE, Wolters Kluwer N.V., OneTrust LLC, EcoVadis Inc., EKI Energy Services Limited, Ideagen Plc, FirstCarbon Solutions Corporation, ProcessMAP Corporation, Verisae LLC, ClimeCo Corporation, Enviance Inc., NativeEnergy Inc., Greenstone+ Ltd., thinkstep Ltd., ClimatePartner Gmbh, Sustainable Travel International Inc., Tasman Environmental Markets Pty Ltd., Greenly Co
Which key trends are expected to influence the carbon footprint management software market in the coming years?
Major companies operating in the carbon footprint management software market are focusing on technological developments such as predictive analytics tools, to address energy firms’ decarbonization challenges by providing a comprehensive solution. It is designed to help energy companies confidently measure, manage, and operationalize their decarbonization strategies. For instance, in September 2023, GE Vernova Inc., a US-based offshore wind energy and services provider, launched a carbon management software called CERius. It is an AI-powered software designed to assist energy companies in achieving their net-zero emissions goals by enabling precise measurement, management, and operationalization of carbon emissions data. CERius automates the collection of greenhouse gas (GHG) data and provides recommendations for implementing carbon reduction efforts through scenario analysis, team collaboration, and standardized reporting based on GHG protocols.
Which regional trends are influencing the carbon footprint management software market, and which area dominates the industry?
North America was the largest region in the carbon footprint management software market in 2024. The regions covered in the carbon footprint management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Carbon Footprint Management Software Market Report 2025 Offer?
The carbon footprint management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Carbon footprint management software refers to digital tools designed to measure, analyze, and optimize an organization’s greenhouse gas emissions and environmental impact. These applications help businesses track and reduce their carbon footprint by providing insights into energy consumption, waste generation, and other relevant factors.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14283
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
