Carbon Accounting Software Market Size to Grow by USD 6.38 Bn|17,000+ Technavio Research Reports

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Nov 04, 2021, 10:10 ET

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- The carbon accounting software market is set to grow by USD 6.38 billion between 2020 and 2025, and register a CAGR of 25%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Carbon Accounting Software Market Research Report is now Available at Technavio

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Carbon Accounting Software Market 2021-2025: Driver and Challenges

The rising need to reduce the overall costs incurred by enterprises is one of the key factor expected to influence the market growth. Rising awareness of green concept has encouraged enterprises across the globe to disclose their carbon emissions. As a result, measuring carbon footprint and visibility of energy usage allows organizations to identify appropriate cost-saving opportunities and address any inefficiencies.

Furthermore, the growing need for better brand positioning, and stringent regulations, and increasing adoption of policies on carbon emissions will offer immense growth opportunities for the market players. However, factors such as difficulty in capturing energy usage data may threaten the growth of the market.

Carbon Accounting Software Market 2021-2025: Scope

The report also covers the following areas:

Carbon Accounting Software Market 2021-2025: Segmentation

End-User

Oil And Gas
Telecommunication
Technology
Power And Utilities
Others

Geography

North America
Europe
APAC
MEA
South America

Oil and Gas segment held the largest end-user segment share in 2020 and will continue to retain its dominance in the market during the forecast period. The growth can be attributed to the increasing demand from oil and gas companies to account for and report carbon emissions.

In terms of geography, 37% of the growth will originate from North America with US emerging as the key revenue-generating economy of this region. The carbon accounting software market growth in the region can be mainly attributed to the growing concerns among corporations regarding increasing carbon emission rates.

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The carbon accounting software market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Carbon Analytics Ltd., CarbonetiX, ENGIE SA, Greenstep Oy, Intelex Technologies Inc., Lisam Systems SA, SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., and Wolters Kluwer NV are some of the major market participants.

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Carbon Accounting Software Market 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist carbon accounting software market growth during the next five years
Estimation of the carbon accounting software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the carbon accounting software market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of carbon accounting software market vendors

Software Market by Type and Geography - Forecast and Analysis 2021-2025

Carbon Accounting Software Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 25%
Market growth 2021-2025	USD 6.38 billion
Market structure	Fragmented
YoY growth (%)	22.43
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	North America at 37%
Key consumer countries	US, China, Germany, UK, Japan, and Saudi Arabia
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Carbon Analytics Ltd., CarbonetiX, ENGIE SA, Greenstep Oy, Intelex Technologies Inc., Lisam Systems SA, SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., and Wolters Kluwer NV
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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