Carbon Footprint Management Industry Is Poised To Reach A Valuation of Nearly US$ 17.4 Billion by 2032

The carbon footprint management market is estimated to expand its roots and thrive at an average CAGR of 5.6%. It is poised to reach a valuation of nearly US$ 17.4 Bn by 2032 from US$ 10.2 Bn in 2022.

Previously, the market before was thriving at a higher CAGR of 6.3%, resulting in a value of US$ 9.6 Bn in 2021. As the government tightens the restrictions and curbs on the high carbon emission, the need for tracking carbon footprints and managing them rises.

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Competitive Landscape

The competitive analysis done by of the carbon footprint management explains that the market is dynamic in nature and hold enough space for new players that focus on using cutting edge technologies that provide accurate solutions to specific industries. The key players also focus on mergers and collaborations to expand their market spaces into new regions, pushing the sales of carbon footprint management platform.

What are the Recent Developments Achieved by the Carbon Footprint Management Players?

• Isometrix has tied up with Laragon in order to expand its roots in European and Latin American market. This pushes the sales of carbon footprint management platforms.

• ENGIE has tied up with Vlocity and Salesforce in order to provide low-carbon energy and services to support ENGIE's customers all around the world.

• Salesforce has introduced sustainability cloud that is a carbon accounting product for multiple industries and businesses, fuelling the sales of carbon footprint management platforms.

Key Companies Profiled:

• Enablon
• SAP
• Dakota Software
• Isometrix
• IBM
• Schneider Electric
• Salesforce
• ENGIE

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"Need for carbon footprint management in developing countries also rises as the environmental crisis rises gradually"

As the environmental crisis continues to worsen, the need for carbon footprint management in developing countries is becoming increasingly important. Developing countries are particularly vulnerable to the effects of climate change, and reducing their carbon footprint is essential for their long-term sustainability. Carbon footprint management involves reducing emissions from energy production, transportation, and other activities that contribute to global warming.

This can be done through a variety of measures, such as increasing energy efficiency, switching to renewable energy sources, and implementing carbon pricing. Additionally, developing countries can benefit from international support and assistance in order to implement effective carbon footprint management strategies. This could include technical assistance, capacity building, and financial support. By taking these steps, developing countries can reduce their emissions and help mitigate the effects of climate change.

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Key Segments:

• By Component

o Solution
o Services

• By Services

o Consulting
o Integration & Deployment
o Support & Maintenance

• By Deployment

o Cloud
o On-premises

• By Vertical

o Manufacturing
o Energy & Utilities
o Residential & Commercial Buildings
o Transportation & Logistics
o IT & Telecom

• By Region

o North America
o Latin America
o Europe
o Asia Pacific
o Middle East and Africa (MEA)

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.