What is the current size and annual growth rate of the carbon footprint management market?
The carbon footprint management market size has grown steadily in recent years. It will grow from $10.6 billion in 2024 to $11.11 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to an increase in demand for energy consumption, rising pollution rates, increasing vehicle sales, and increasing emissions from aviation.
The carbon footprint management market size is expected to see strong growth in the next few years. It will grow to $15.15 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to government support, implementation of COP26 to limit global warming and steadily expanding construction and infrastructure. Major trends in the forecast period include leveraging AI to accurately monitor and predict emissions, focusing on new technological solutions to stay competitive in the market, leveraging blockchain technology to improve carbon traceability, and focusing on partnerships and collaborations to develop new technologies.
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Which major factors have contributed to the expansion of the carbon footprint management market?
The introduction of various carbon emission policies by governments in carbon footprint management is expected to propel the growth of the carbon footprint management market. Governments across the world have taken various initiatives to reduce carbon footprint and pollution. For instance, in October 2024, The U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM),a US-based government agency addressing climate change actions, in collaboration with the Hydrogen Fuel Cell Technologies Office (HFTO), a US-based government department, announced over $58.5 million in federal funding for 11 projects aimed at establishing a commercially viable carbon dioxide removal industry in the U.S. This funding will support pilot projects and testing facilities focused on demonstrating and scaling technologies that effectively remove carbon dioxide directly from the atmosphere.
How is the carbon footprint management market segmented?
The carbon footprint management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Vertical: Manufacturing, IT And Telecom, Residential And Commercial Buildings, Transportation And Logistics, Energy And Utilities, Other Verticals
Subsegments:
1) By Solution: Software (Carbon Accounting, Analytics Tools), Monitoring And Reporting Tools, Carbon Offset Platforms, Data Management Systems
2) By Services: Consulting Services (Sustainability Consulting, Carbon Auditing), Training And Education Programs, Carbon Footprint Assessment Services, Verification And Certification Services
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Who are the top competitors in the carbon footprint management market?
Major companies operating in the carbon footprint management market include IBM Corporation, Salesforce.com, Inc., Engie SA, SAP SE, Simble Solutions Ltd, Enablon, Schneider Electric SE, GreenStep Solutions Inc, IsoMetrix Software, Dakota Software Corporation, Altilium, Yokogawa India, SGS India, Mitsui, Pwc Japan Group, Enking International, Carbon Trust China, Carbonstop, Enesource, Carbon Care Asia, Sphera, Carbon Intelligence, Planetly, Compact Carbon Capture (3C), Accuvio, Cority Software Inc, Energycap LLC, Intelex Technologies Inc, Locus Technologies, Nativeenergy Inc, Johnson Controls, Accenture PLC, Velocityehs And Carbon Trust, Envirosoft Corporation, Energywatch’s Watch Wire, Metricstrac, Processmap EHS Software, Carbon Footprint Ltd, Shagaya Clean Energy Development, Greencarbon Co. W.L.L, Tristar Group, Alternative Energy Projects Co, Starsight Energy.
Which key trends are expected to influence the carbon footprint management market in the coming years?
Major companies operating in the carbon emission management market are focused on enterprise sustainability with integration of advanced technologies such as AI-powered emissions footprinting solutions to meet the rising demand for regulating carbon emissions. The AI-powered emissions footprinting solution enables companies to accurately assess and visualize product carbon emissions throughout the development process, leveraging a comprehensive library of emission factors for enhanced transparency and efficiency. For instance, in July 2024, CO2 AI, a France-based sustainability management software solution company, launched a new generative AI-powered solution for product emissions footprinting, enabling companies to accurately compute carbon emissions for their products. This solution enhances the speed and precision of emissions assessment by leveraging a library of over 110,000 emission factors and allows for better transparency and visualization of emissions hotspots throughout the product development cycle.
Which regional trends are influencing the carbon footprint management market, and which area dominates the industry?
The countries covered in the carbon footprint management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Carbon Footprint Management Market Report 2025 Offer?
The carbon footprint management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A carbon footprint management system is a technological solution for measuring the impact of human activity on the environment expressed as a carbon dioxide equivalent. This tool allows organizations to identify opportunities for reducing material, water, waste, and energy use, thus reducing the carbon footprint of the company.
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