Increase in government initiatives for low carbon policies for environmental sustainability to drive the Global Carbon Footprint Management Market in the forecast period, 2023-2027
According to TechSci Research report, “Carbon Footprint Management Market– Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027”
The global carbon footprint management market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR of 10.30%. The market growth can be attributed to the factors like increasing demand to decrease the emission of greenhouse gases. Rising concerns regarding depleting environment and high prevalence of pollution-based diseases and infections are driving the growth of the global carbon footprint management market. Moreover, surging demand from the factories, manufacturing units and vehicle emissions to decrease the emissions of harmful gases also supports the growth of the global carbon footprint management market in the next five years. Technological advancement in the sector and surging demand to decrease greenhouse gases concentration are some of the major factors aiding the growth of the global carbon footprint management market in the future five years. Also, increasing involvement of market players to promote green environment, increasing investment and favorable government schemes to decrease the concentration of greenhouse gases further substantiates the growth of the global carbon footprint management market in the forecast years, until 2027.
Browse over 144 market data Figures spread through 197 Pages and an in-depth TOC on “Global Carbon Footprint Management Market”
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The global carbon footprint management market is segmented by component, deployment mode, type, end user industry, regional distribution, and competitive landscape. Based on component, the market is further differentiated between solution and service. Service is further bifurcated into professional and managed services. Solution segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing concentrations of greenhouse gases in the environment. Higher carbon emissions from transportation industry, manufacturing units, and factories, etc. are also responsible for the surge in demand for carbon footprint management services in the next five years.
Based on deployment mode, the market is differentiated into on-premise and cloud. Cloud deployment mode is anticipated to hold the largest revenue shares of the market and dominate the market segment in the next five years on the grounds of increasing demand for cloud-based services. The cloud-based services offer better control of the data, lower risk of data loss, etc. Increasing number of companies are opting for such services, which is also aiding the growth of the global carbon footprint management market.
Some of the market players, dominating the global market are:
- IBM Corporation
- Wolters Kluwer N.V.
- SAP SE
- Dakota Software Corporation
- Salesforce.com, Inc.
- ProcessMAP Corporation
- IsoMetrix
- Sphera
- Natural Capital Partners
- VelocityEHS
- Aurecon
- Carbon Trust
- Greenstone+ Limited
- Cority
- Engie SA
- Schneider Electric SE
- Accruent
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“North American region dominates the market owing to increasing investment by the energy & power generation industries to manage higher carbon emissions. Expansion of industries have caused higher concentration of greenhouse gases emission and thus causing severe environmental degradation and climate changes. Higher expenses on related services and increasing government-based schemes in the countries of the United States, Canada, and Mexico are also supporting market growth. Increasing number of market players and their beneficiary schemes, software, and services to decrease the greenhouse gases are also responsible for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Carbon Footprint Management Market- Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027 Segmented By Component (Solution vs Service {Professional v/s Managed}), By Deployment Mode (On-Premise vs Cloud), By Type (Product Focused Carbon Footprint vs Corporate Carbon Footprint), By End User Industry (IT & Telecom, Energy & Utilities, Manufacturing, Transportation, Building & Construction, and Others), By Region”, has evaluated the future growth potential of global carbon footprint management market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global carbon footprint management market.
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