Carbon Footprint Management Market Report: Trends, Production, Revenue, Growth And Forecast To 2032

As per The Business Research Company's Carbon Footprint Management Opportunities And Strategies Market Report 2023,

The carbon footprint management market size reached a value of nearly $8,634.0 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.9% since 2016. The market is expected to grow from $8,634.0 million in 2021 to $12,203.6 million in 2026 at a rate of 7.2%. The carbon footprint management market size is then expected to grow at a CAGR of 6.9% from 2026 and reach $17,048.9 million in 2031.

The growing construction and infrastructure markets are expected to contribute positively to the carbon footprint management market in the forecast period. The increasing demand for housing and infrastructure leads to more residential and commercial establishments. These establishments contribute to carbon emissions through heating and cooking needs, the management of waste and wastewater, and the use of refrigerants in homes and businesses. Carbon footprint management systems can help in tracking, monitoring and helping in reducing the emissions generated from homes and businesses. According to UK based real estate consultants, Knight Frank, the demand for office space in India has grown by 25% year-on-year in Q1 2022, with the resumption of activities post COVID and high industrial activities. Also, in February 2022, the Housing and Urban Affairs Ministry in India has been allocated INR 2,600 million ($339.82 million) in the 2022-23 Budget, for the construction of non-residential office buildings of the Central Vista project, including the Parliament and Supreme Court. As a part of the Chinese 14th Five-Year Plan, China will spend about 190 billion yuan (about USD 29.3 billion) in the 2021-2025 period on transportation infrastructure projects. Thus, the increasing housing and commercial projects are expected to increase carbon emissions, thus contributing to the market in the forecast period.

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The use of artificial intelligence (AI) in carbon footprint management is a key trend in the market. AI helps organizations to accurately monitor their emissions, predict their future emissions and optimize their operations to reduce emissions. According to the Boston Consulting Group (BCG), a US-based management consulting firm, the use of AI can reduce greenhouse gas emissions by 2.6-5.3 gigatons of carbon dioxide equivalent (CO2e) by 2030. In 2020, BCG GAMMA, a data science unit of BCG, Mila, a global leader in AI research based in Montreal Haverford College in Pennsylvania and Comet.ml, a leading MLOps solution provider, announced CodeCarbon, an AI-based open source software tool that organizations can use to track their carbon footprint. In 2021, IBM, a US-based technology company, announced an environmental intelligence software solution that leverages AI to offer environmental risk analytics and carbon accounting and reduction capabilities to businesses.

The top opportunities in the carbon footprint management market segmented by component will arise in the services segment, which will gain $2,028.6 millions of global annual sales by 2026. The top opportunities in segment by deployment will arise in the cloud segment, which will gain $2,322.3 millions of global annual sales by 2026. The top opportunities in segment by vertical will arise in the energy and utilities segment, which will gain $1,016.6 millions of global annual sales by 2026. The carbon footprint management market size will gain the most in the USA at $1,298.4 million

Carbon Footprint Management Market Segmentation:
The Carbon Footprint Management market is segmented by component, by deployment, and by vertical

By Component -
a) Solution
b) Services
By Deployment -
a) On-Premises
b) Cloud

By Vertical -
a) Manufacturing
b) It And Telecom
c) Residential And Commercial Buildings
d) Transportation And Logistics
e) Energy And Utilities
f) Other Verticals

Major players in the Carbon Footprint Management market include
IBM Corporation, Salesforce.com, Inc., Engie SA, SAP SE, Simble Solutions Ltd

The regions covered in the global Carbon Footprint Management market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Carbon Footprint Management Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Carbon Footprint Management Market Report Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
.......
18. Competitive Landscape and Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Carbon Footprint Management Market, Conclusions And Recommendations
22. Appendix

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