About Carbon Footprint Management
The Carbon Footprint Management market refers to the market for products and services that help individuals and organizations measure, manage, and reduce their greenhouse gas emissions. A carbon footprint is the number of greenhouse gases, primarily carbon dioxide, that are emitted into the atmosphere as a result of human activities such as transportation, manufacturing, and energy use. Carbon Footprint Management solutions provide tools for measuring and analyzing carbon emissions, as well as strategies for reducing them. These solutions are aimed at helping organizations meet regulatory requirements, reduce their environmental impact, and improve their sustainability. The Carbon Footprint Management market includes a range of products and services such as carbon accounting software, carbon offsetting, energy-efficient products, and consulting services. The market is driven by the increasing awareness of the impact of carbon emissions on the environment and the need to address climate change.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.79% |
Market players are focusing on providing Carbon Footprint Management composites with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Carbon Footprint Management composites. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market.The Players having a strong hold in the market are IBM, Schneider Electric, and Salesforce. Analyst at AMA Research estimates that European and United States Players will contribute the maximum growth to Global Carbon Footprint Management market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Schneider Electric (France), Salesforce (United States), SAP (Germany), ENGIE (France), Dakota Software (United States), ProcessMAP (United States), IsoMetrix (South Africa), Carbon Footprint (England) and Enablon (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Trinity Consultants (United States), Dakota Software (United States), Enviance (United States), Firstcarbon Solutions (United States), IHS Markit (United Kingdom), Thinkstep (Germany), Fortive (United States), Accuvio (Ireland), Ecotrack (United States) and Locus Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Carbon Footprint Management market by Type (Software and Service) and Region.
On the basis of geography, the market of Carbon Footprint Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Consulting will boost the Carbon Footprint Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises (SMEs) will boost the Carbon Footprint Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Vertical, the sub-segment i.e. IT and Telecom will boost the Carbon Footprint Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Carbon Footprint Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Type, the sub-segment i.e. Monthly Subscription will boost the Carbon Footprint Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Energy Consumption by Industries
Market Growth Drivers:
Rising in Government Initiatives for Low Carbon Policies and Taking Initiatives by Corporates for Environment Sustainability
Challenges:
Lack of Tailored Solutions to Address Unique Environmental Solutions
Restraints:
Lack of Willingness to Adopt Carbon Emission Software Among Developing and Undeveloped Countries
Opportunities:
Adoption of Advanced Technologies, such as AI, IoT, and Big Data, across Industries and Rapid Increase in Modernization of Industry Infrastructure for Low Carbon Emission
Market Leaders and their expansionary development strategies
In January 2020, IsoMetrix and Laragon announce a formal partnership to develop the European market and support the Latin American expansion. Laragon is a Spain-based firm providing consulting and system implementation services in the areas of Sustainability, HSE Compliance, and Corporate Risk Management.
In November 2019, ENGIE partnered with Salesforce, Accenture, and Vlocity to help its customers around the world achieve a zero-carbon future. The three technology companies will integrate their solutions to provide ENGIE with a unified customer relations management system.
Key Target Audience
Carbon Footprint Management Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.