ESG Reporting Software Market to grow by USD 765.45 million from 2022 to 2027, Growth Driven by Steady growth in corporate data volumes- Technavio

NEW YORK, Sept. 18, 2023 /PRNewswire/ -- The "ESG reporting software market by deployment (on-premises and cloud-based), end-user (large enterprises and SMEs), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the ESG reporting software market from 2022 to 2027 is USD 765.45 million, according to Technavio. The steady growth in corporate data volumes is a key factor driving the market growth. Digitization brings many benefits to businesses, such as efficient resource planning, data-driven decision-making, product and service innovation, and cost reduction. Furthermore, there is an increase of data in various sectors due to the increasing use of other online, social, and mobile communication methods, which increases data about customers, operations, suppliers, and other stakeholders. In addition, this increase in data requires low-cost storage, which often leads to the adoption of a cost-effective, cloud-based information management infrastructure. Minimal IT infrastructure support, rapid and predictable deployment, automatic and seamless upgrades, and ease of working with cloud-based data are some of the reasons why this solution is preferred. Hence, these factors are expected to drive growth during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here

Market Challenge 

High initial capital investments are one of the significant challenges restricting market growth. 

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The ESG reporting software market has been segmented by deployment (on-premises and cloud-based), end-user (large enterprises and SMEs), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 

• The market share growth by the on-premises segment will be significant during the forecast period. On-premises ESG reporting software is preferred because it reduces energy costs by 80-85% while providing high system security and data and system control. With software in place, organizations have full control over maintenance and updates. In addition, it is usually offered as a standard and enterprise plan, where only one user can access the plan. Increasingly stringent government regulations and initiatives to improve ESG are responsible for driving the market. The European Union has required fund managers to market ESG reporting software to demonstrate how they meet specific standards. Hence, these factors are expected to drive the segment during the forecast period. 

• North America is estimated to contribute 41% to the growth of the global market during the forecast period.

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Key Companies in the ESG reporting software market:

Benchmark Digital Partners LLC, Brightest Inc., Diginex Solutions HK Ltd., Diligent Corp., DNV Group AS, ESG Enterprise, Global Software LLC, Intelex Technologies ULC, International Business Machines Corp., Metrix Software Solutions Pty Ltd., Morningstar Inc., Nasdaq Inc., Newgen Software Technologies Ltd., PricewaterhouseCoopers LLP, Salesforce Inc., Sustain. Life Inc., UL Solutions Inc., Updapt CSR Private Ltd., Wolters Kluwer NV, and Workiva Inc.

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The investor ESG software market size is estimated to grow at a CAGR of 13.3% between 2022 and 2027. The market size is forecast to increase by USD 616.29 million. This investor ESG software market report extensively covers market segmentation by component (software and services), deployment (on-premises and cloud), and geography (North America, APAC, Europe, South America, and Middle East and Africa). The shift toward green initiatives has been a major driver of the significant growth of the global investor ESG software market. 

FAQS

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Deployment

Market Segmentation by End-User

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio