Press release
Carbon Accounting Software Market Report 2023, Trends, Share, Size, Demand and Forecast By 2028
Carbon Accounting Software Market
Carbon Accounting Software Trends:
Carbon accounting software refers to a specialized tool or software application designed to help organizations measure, track, manage, and report their greenhouse gas (GHG) emissions and carbon footprints. It enables businesses to quantify their environmental impact, identify emission sources, set reduction targets, and monitor progress toward sustainability goals. It integrates with various data sources within an organization, such as energy consumption records, transportation data, and production outputs, to collect relevant information. It employs standardized methodologies, such as the Greenhouse Gas Protocol, to calculate emissions across different scopes, including direct and indirect emissions from purchased electricity, and indirect emissions from the value chain. The software enables users to allocate emissions to specific activities, departments, or products, facilitating a granular understanding of carbon footprints.
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Competitive Landscape with Key Players:
• BraveGen (Energy Solution Providers Limited)
• Carbon Analytics Limited
• CarbonetiX
• Carbonstop
• Emitwise
• Evalue8 Sustainability
• Intelex Technologies Inc. (Industrial Scientific Corporation)
• Net0, Normative
• SAP SE
• Simble Solutions Ltd
• Sphera Solutions In
Carbon Accounting Software Market Demand and Growth:
The increasing concerns about climate change and the urgency to address greenhouse gas emissions is driving the global market. Moreover, governments and regulatory bodies across the world are imposing mandates on organizations to measure and disclose their carbon emissions, fuelling the adoption of carbon accounting software. Besides, the growing recognition of environmental sustainability as a business imperative is also augmenting the adoption of carbon accounting software. Furthermore, investors and financial institutions are placing greater importance on environmental, social, and governance (ESG) factors when making investment decisions. Additionally, advancements in technology, such as cloud computing, artificial intelligence, and machine learning, are transforming the capabilities of carbon accounting software as these technologies enable more accurate and automated data collection, analysis, and reporting, reducing the manual effort required and enhancing the overall efficiency of carbon accounting processes.
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Key Market Segmentation:
Deployment Insights:
• Cloud-based
• On-premises
Industry Insights:
• Energy and Utilities
• IT and Telecom
• Healthcare
• Transportation and Logistics
• Retail
• Construction and Infrastructure
• Food and Beverages
• Chemicals
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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