The emission management software market size has displayed significant growth in recent years. The market is expected to grow from $20.69 billion in 2024 to $24.6 billion in 2025 at a compound annual growth rate (CAGR) of 18.9%. The rise can be attributed to environmental regulations compliance, corporate social responsibility initiatives, globalization and supply chain impact, energy efficiency goals, industry-specific emission standards, and transition to green and sustainable practices, amongst other factors.
In the forthcoming years, the emission management software market size is projected to witness remarkable growth, reaching $54.31 billion in 2029 at a CAGR of 21.9%. The growth during the forecast period will be driven by stricter emission reduction targets, an increasing focus on scope 3 emissions, regulatory push for transparent reporting, improved data accuracy, and a shift towards net-zero goals, along with various other factors.
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What Are The Key Drivers For The Emission Management Software Market?
The considerable growth of the emission management software market is largely accounted for by the increasing demand for clean and renewable energy. Renewable energy resources that replenish faster than they are exhausted are being increasingly used as they help in reducing pollutants and greenhouse gas emissions, thus mitigating climate change. Emission management software assists in tracking and calculating these emissions for effective management. For instance, the Government Digital Service in the UK noted that the share of renewable energy generation increased by 3.5 percentage points from Quarter 2 2022 to Quarter 2 2023. Therefore, this rising demand for clean and renewable energy is anticipated to continue to fuel the growth of the emission management software market.
How Is The Emission Management Software Market Segmented?
The emission management software market covered in this report is segmented as follows:
1) By Component: Software, Service
2) By Product Type: Cloud-Based, Web-Based
3) By Application: Small And Medium Enterprises, Large Enterprises
4) By Industry: Manufacturing, IT and Telecom, Government Sector, Energy and Power, Other Industries
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Who Are The Major Players In The Emission Management Software Market?
Key companies operating in the emission management software market include Accenture PLC, The International Business Machines Corporation, Greenstone Ltd., SAP SE, Cority Software Inc., General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., Accuvio Software, Arolytics, Lakes Environmental Software, EcoAct, The Carbon Trust, Clear Blue Environmental, Dakota Software Corporation, Ecometrica, Enablon Corp., Envirosoft Corporation, FLINTpro, Benchmark Digital Partners LLC, Intelex Technologies Inc., and IsoMetrix Software.
What Are The Emerging Trends In The Emission Management Software Market?
Major companies in the emission management software market are leveraging new technologies such as CERius to enhance their profitability. CERius is a carbon emissions management software designed to automate the collection of greenhouse gas data and suggest initiatives to reduce carbon emissions. For instance, GE Vernov launched the CERius software in September 2023, providing businesses with a tool to keep track of their carbon neutral emissions targets more precisely.
What Is The Regional Market Analysis Of The Emission Management Software Market?
In 2024, North America was the largest region in the emission management software market. Meanwhile, Asia-Pacific is expected to be the fastest-growing region. Other regions covered in the emission management software market report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
What Does The Emission Management Software Market Report 2025 Offer?
Emission Management Software refers to digital tools designed to monitor, analyze, and report greenhouse gas emissions and other pollutants from industrial activities. This software aids in optimizing emission reduction strategies, tracking regulatory compliance, and achieving sustainability goals by providing real-time data and insights.
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