Carbon footprint management systems can assist businesses and industries to reduce and offer their carbon footprints by improving their energy efficiency, utilizing renewable energy, raising awareness, focusing on environmental projects, and paying green taxes. Moreover, carbon footprint management solutions can help businesses save on taxes by helping them improve their energy consumption using specialized AI and data analytics algorithms.
The growing drive for sustainability and greener alternatives for everyday energy requirements and rise in fear of climate change propel the growth of the global carbon footprint management market. However, complex infrastructure requirements and higher costs can hamper the carbon footprint management market during the forecast period. On the contrary, growing advancements in the field of artificial intelligence and data analytics provide a more efficient way of managing carbon footprint, which is expected to offer remunerative opportunities for expansion of the carbon footprint management market during the forecast period.
The carbon footprint management market is segmented on the basis of component, deployment mode, industry vertical, and region. On the basis of component, the market is divided into solution and service. Depending on deployment mode, the market is classified into on premise and cloud. By industry vertical, the market is segmented into energy and utilities, manufacturing, residential and commercial buildings, transportation and logistics, and IT and telecom. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global carbon footprint management market is dominated by key players, such as Carbon Footprint Ltd., Dakota Software Corporation, ENGIE, IsoMetrix, IBM, ProcessMAP, General Electric, Salesforce, SAP, and Wolters Kluwer N.V. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
The growing drive for sustainability and greener alternatives for everyday energy requirements and rise in fear of climate change propel the growth of the global carbon footprint management market. However, complex infrastructure requirements and higher costs can hamper the carbon footprint management market during the forecast period. On the contrary, growing advancements in the field of artificial intelligence and data analytics provide a more efficient way of managing carbon footprint, which is expected to offer remunerative opportunities for expansion of the carbon footprint management market during the forecast period.
The carbon footprint management market is segmented on the basis of component, deployment mode, industry vertical, and region. On the basis of component, the market is divided into solution and service. Depending on deployment mode, the market is classified into on premise and cloud. By industry vertical, the market is segmented into energy and utilities, manufacturing, residential and commercial buildings, transportation and logistics, and IT and telecom. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The global carbon footprint management market is dominated by key players, such as Carbon Footprint Ltd., Dakota Software Corporation, ENGIE, IsoMetrix, IBM, ProcessMAP, General Electric, Salesforce, SAP, and Wolters Kluwer N.V. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the global carbon footprint management market forecast along with current & future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global carbon footprint management trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Component
- Solution
- Service
By Deployment Mode
- On Premise
- Cloud
By Industry Vertical
- Energy and Utilities
- Manufacturing
- Residential and Commercial Buildings
- Transportation and Logistics
- IT and Telecom
By Region
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Carbon Footprint Ltd
- Dakota Software Corporation
- ENGIE
- IsoMetrix
- ibm corporation
- ProcessMAP
- Schneider Electric
- SAP
- Wolters Kluwer N.V.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CARBON FOOTPRINT MANAGEMENT MARKET, BY COMPONENT
CHAPTER 5: CARBON FOOTPRINT MANAGEMENT MARKET, BY DEPLOYMENT MODE
CHAPTER 6: CARBON FOOTPRINT MANAGEMENT MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: CARBON FOOTPRINT MANAGEMENT MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Carbon Footprint Management Market' The carbon footprint management market was valued at $9.3 billion in 2021, and is estimated to reach $18.2 billion by 2031, growing at a CAGR of 7% from 2022 to 2031.Carbon footprint management is focused on greenhouse gas emissions, associated with consumption rather than greenhouse gas emissions linked with production. The calculations include emissions that are associated with goods imported into a nation and produced elsewhere. Moreover, companies can reduce or offset their carbon footprints by enhancing their energy efficiency, consuming energy made from renewable origin, raise awareness, focus on environmental projects, and paying green taxes.
Furthermore, increase in demand for energy consumption by industries and the drive for more sustainable energy solutions propel the growth of the global carbon footprint management market. Moreover, increase in government initiatives and policies for low carbon policies positively impact the growth of the carbon footprint management market. However, higher installation and maintenance costs of carbon footprint management can hamper the carbon footprint management solutions market growth during the forecast period. On the contrary, the growing adoption trends of advanced technologies, such as artificial intelligence, IoT, and big data, across industries to reduce carbon emission is expected to offer remunerative opportunities for expansion of the carbon footprint management market during the forecast period.
Depending on deployment mode, the on-premise segment holds the largest carbon footprint management market share, as organizations have complete control on the software and reduce the risk of leaking organizations data. However, the cloud segment is expected to witness growth at the highest rate during the forecast period, as it offers better control of the data, along with reduced risk of data loss and concerns related to regulatory compliance.
Region-wise, the carbon footprint management market was dominated by North America in 2020 and is the home to major players offering advanced solutions in the carbon footprint management market. In addition, according global carbon footprint management market analysis, North America is the major contributor as the region is well developed and the environmental safety investments is at rise in the U.S. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to high diversity and is expected to experience rapid growth in future. In China, the carbon footprint management market is anticipated to witness significant growth, owing to increase in awareness among the organization and increase in government initiatives.
The global pandemic has had a significant economic impact on the carbon footprint management market. As a result of massive supply chain disruptions, manpower shortages, and local market limitations, several sectors faced considerable slowdowns. This had both, direct and indirect effects on the carbon footprint management solutions industries, as limited operations of manufacturing and fabrication plants, large-scale public infrastructure (airports, railway stations, shopping malls, and so on) resulted in a slowdown in sales and subscription of carbon footprint management software solutions. However, strict government policies to regulate industrial and domestic emissions are helping the carbon footprint management market to grow in the aftermath of the COVID-19 pandemic.
Key findings of the Study
- By component, solution segment accounted for the largest carbon footprint management market share in 2021.
- By region, North America generated highest revenue in 2021.
- By deployment mode, on-premise segment generated the highest revenue in 2021.
Companies Mentioned
- Carbon Footprint Ltd
- Dakota Software Corporation
- ENGIE
- IsoMetrix
- ibm corporation
- ProcessMAP
- Schneider Electric
- SAP
- Wolters Kluwer N.V.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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