The Environmental, Social And Governance (ESG) Reporting Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Environmental, Social And Governance (ESG) Reporting Software Market
According to The Business Research Company’s Environmental, Social And Governance (ESG) Reporting Software Global Market Report 2024, The esg reporting software market size has grown exponentially in recent years. It will grow from $0.98 billion in 2023 to $1.19 billion in 2024 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to corporate social responsibility, stakeholder pressure, voluntary reporting initiatives, economic incentives, risk mitigation.
The esg reporting software market size is expected to see exponential growth in the next few years. It will grow to $2.55 billion in 2028 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to mandatory esg disclosure, esg integration in financial markets, supply chain transparency, ngo and activist influence, climate disclosure standards board (cdsb) framework adoption. Major trends in the forecast period include ai and analytics integration, cross-industry collaboration, green finance initiatives, blockchain for esg transparency, real-time esg reporting.
The increasing demand for ESG information by investors is expected to propel the growth of the ESG reporting software market going forward. ESG information refers to the framework and policies that provide information about a company’s business practices and performance on various sustainability and ethical issues. ESG reporting software helps to alert investors automatically about the data, reports, and all other information required, which allows them to assess the company. For instance, in May 2022, according to the ESG Global Study published by Capital Group, a US-based financial services company, 89% of investors had adopted ESG information in 2022 compared to 84% in 2021 among 1,130 people surveyed. Moreover, 31% of European investors consider ESG information a central factor in their investment approach, compared to 26% of global investors who believe ESG information is a significant factor in their investment approach. Therefore, the increasing demand for ESG information by investors will drive the ESG reporting software market.
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The environmental, social and governance (esg) reporting software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Small And Medium Enterprises (SME), Large Enterprises
4) By Vertical: Banking, Financial Services, And Insurance, Information Technology (IT) And Information Technology-Enabled Services (ITeS), Government And Public Sectors, Manufacturing, Retail And Consumer Goods, Healthcare And Life Sciences, Energy And Utilities, Other Verticals
Adopting advanced technologies is a key trend in the ESG reporting software market. Major companies in the ESG reporting software market have adopted new and innovative platforms to strengthen their position in the market. For instance, in June 2023, Ez-XBRL, a US-based financial regulatory and compliance products and services company, launched the Integix ESG, an innovative and ground-breaking ESG platform. Customers can easily comprehend and implement their ESG initiatives due to Integix ESG’s extraordinarily intuitive and process-driven approach. The platform uses advanced technologies such as artificial intelligence (AI) and natural language processing (NLP) to set a new standard for delivering unparalleled value to customers. Businesses can successfully manage the intricacies of ESG reporting with the help of Integix ESG.
The environmental, social and governance (esg) reporting software market report table of contents includes:
1. Executive Summary
2. Environmental, social and governance (ESG) Reporting Software Market Characteristics
3. Environmental, social and governance (ESG) Reporting Software Market Trends And Strategies
4. Environmental, social and governance (ESG) Reporting Software Market – Macro Economic Scenario
5. Global Environmental, social and governance (ESG) Reporting Software Market Size and Growth
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26. South America Environmental, social and governance (ESG) Reporting Software Market
27. Brazil Environmental, social and governance (ESG) Reporting Software Market
28. Middle East Environmental, social and governance (ESG) Reporting Software Market
29. Africa Environmental, social and governance (ESG) Reporting Software Market
30. Environmental, social and governance (ESG) Reporting Software Market Competitive Landscape
And Company Profiles
Top Major Players:
- Refinitiv LLC
- Wolters Kluwer N.V
- Nasdaq Inc
- MSCI Inc
- Workiva Inc
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