NEW YORK , Feb. 25, 2022 /PRNewswire/ -- The Sustainability Management Software Market Share is expected to increase by USD 842.76 million from 2021 to 2026, at an accelerated CAGR of 11.93%, according to the recent market study by Technavio.
Segmentation by Deployment (In-Scope/Out-of-Scope)
The sustainability management software market share growth by the cloud segment will be significant during the forecast period. The global sustainability management software market is undergoing a technological shift, driven by the advent of cloud computing. Users are moving toward cloud-based sustainability management software because it helps reduce the use of energy, and businesses can reduce their energy costs by 80%-85%. Small and medium enterprises (SMEs) are widely adopting cloud-based software solutions, as the shift to the cloud unlocks new opportunities such as clean energy transitions, which, in turn, is expected to contribute to the growth of the sustainability management software market during the forecast period.
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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Sustainability Management Software Market includes the following core components:
Highlights-
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Vendor Insights-
The sustainability management software market is concentrated and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
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Learn More about Key Driver & Challenge of the Market-
The shift toward green initiatives will be one of the driving factors for the sustainability management software market growth. Green energy is considered to be the most effective method of countering the challenges of greenhouse gas (GHG) emissions. Green energy generation involves the use of renewable resources as raw materials for energy generation. Sustainability management software provides a detailed report on the amount of CO2 generated per unit of productions. It helps reduce GHG emissions by allowing users to monitor, measure, plan, store, and report carbon emission data in organizations. Several industries are adopting sustainability management software, which is driving the growth of the market in focus.
Integration issues with ERP solutions are key challenges for the sustainability management software market growth. Carbon emissions are involved in nearly every operational activity of an enterprise, greater benefits of sustainability management software can be achieved by integrating the software with the enterprise resource planning system of the organization. However, this poses integration challenges, as the IT infrastructure of a company may not support the sustainability management software and, therefore, defeat its purpose. It can be difficult and costly to integrate sustainability management applications that have not been designed to integrate with other platforms. Hence, the integration issues with ERP solutions are a major impediment to the growth of the global sustainability management software market.
Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.
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Sustainability Management Software Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.93% |
Market growth 2022-2026 |
$ 842.76 million |
Market structure |
Concentrated |
YoY growth (%) |
11.11 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 40% |
Key consumer countries |
US, China, UK, Germany, and Japan |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Accruent, Diligent Corp., ENGIE SA, Figbytes Inc., IBM Corp., SAP SE, Schneider Electric SE, Sphera Solutions Inc., Urjanet Inc., 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 preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Deployment
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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