Carbon Footprint Management Software Global Market Report 2024

The carbon footprint management software market size has grown exponentially in recent years. It will grow from $11 billion in 2023 to $13.61 billion in 2024 at a compound annual growth rate (CAGR) of 23.7%. The expansion witnessed during the historic period can be attributed to several factors, including the escalating energy demand from industries, a transition towards cloud computing and a paperless economy, the implementation of government initiatives aimed at reducing carbon emissions, and the imposition of 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 $29.34 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The anticipated growth in the forecast period can be attributed to several factors, including an increasing emphasis on environmental sustainability, the growing need for cost savings and enhanced energy efficiency, rising consumer awareness and preference for environmentally conscious products, heightened priority placed on environmental performance, and global concerns regarding climate change. Furthermore, organizations and governments are increasingly prioritizing efforts to lower greenhouse gas emissions. Key trends expected during this period include advancements in technology, particularly in the tracking and reporting of carbon emissions, advancements in software technology, innovations in technological solutions, and the integration of product developments to address environmental concerns.

The heightened emphasis on environmental sustainability is poised to drive the expansion of the carbon footprint management software market. Environmental sustainability entails adopting practices and utilizing resources responsibly to safeguard the Earth's ecosystems for present and future generations. To support these initiatives, organizations utilize carbon footprint management software to monitor, evaluate, and diminish greenhouse gas emissions across diverse operational facets. This fosters accountability and facilitates informed decision-making toward achieving greener outcomes. For instance, Eurostat reported in February 2024 that general government expenditure on environmental protection in the EU amounted to $141.37 billion (€130 billion) in 2022, representing 0.8% of the EU's GDP. Moreover, according to Agriculture and Agri-Food Canada in January 2024, 8 out of 10 Canadians prioritize environmental issues and climate change, with 65% feeling a moral obligation to opt for environmentally friendly products. Hence, the escalating focus on environmental sustainability underpins the growth of the carbon footprint management software market.

Leading enterprises in the carbon footprint management software sector are prioritizing technological advancements, such as predictive analytics tools, to confront the decarbonization challenges faced by energy firms, thereby offering comprehensive solutions. These innovations are tailored to aid energy companies in confidently measuring, managing, and implementing their decarbonization strategies. For example, in September 2023, GE Vernova Inc., a US-based offshore wind energy and services provider, unveiled CERius, a carbon management software powered by AI. CERius empowers energy companies to effectively pursue their net-zero emissions objectives by facilitating precise measurement, management, and operationalization of carbon emissions data. Through features such as automated greenhouse gas data collection, scenario analysis, team collaboration, and standardized reporting based on GHG protocols, CERius enables organizations to streamline their carbon reduction efforts and drive sustainable outcomes.

In December 2021, OneTrust LLC, a UK-based enterprise technology platform company, successfully acquired Planetly for an undisclosed sum. This strategic acquisition is poised to enhance OneTrust's ESG (environmental, social, and governance) solution by integrating carbon measurement, accounting, analysis, and reduction capabilities. The move enables OneTrust to offer clients a more comprehensive and integrated platform, empowering them to effectively manage their environmental impact. Planetly, headquartered in Germany, is a climate technology company specializing in providing carbon footprint management software. The acquisition aligns with OneTrust's commitment to providing robust ESG solutions for businesses.

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.

North America was the largest region in the carbon footprint management software market in 2023. 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. The countries covered in the carbon footprint management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Carbon footprint management software comprises digital tools engineered to measure, analyze, and optimize an organization's greenhouse gas emissions and environmental impact. These applications aid businesses in tracking and reducing their carbon footprint by offering insights into energy consumption, waste generation, and other pertinent factors.

The primary types of carbon footprint management software are cloud-based and web-based. Cloud-based solutions, hosted on remote servers, assist organizations in measuring, analyzing, and mitigating their greenhouse gas emissions for sustainable operations. Key features include data gathering and analysis, emission tracking and reporting, scenario modeling and planning, as well as compliance and regulatory management. These software solutions cater to enterprises, including large corporations and small and medium enterprises (SMEs), across various sectors such as manufacturing, information technology (IT) and telecommunications, commercial buildings, transportation, and utilities.

The carbon footprint management software research report is one of a series of new reports that provides carbon footprint management software market statistics, including the carbon footprint management software industry's global market size, regional shares, competitors with a carbon footprint management software market share, detailed carbon footprint management software market segments, market trends and opportunities, and any further data you may need to thrive in the carbon footprint management software industry. This carbon footprint management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The carbon footprint management software market includes revenues earned by entities providing services such as carbon footprint assessment, emission reporting and disclosure, carbon offset tracking, supply chain emission management, and sustainability strategy consulting. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon footprint management software market consists of sales of carbon accounting software, emission inventory management systems, energy management software, carbon offset marketplace platforms, sustainability performance dashboards, and supply chain sustainability software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.