ESG Reporting Software Market Size, Share, Trend, Global Analysis, Key Players Analysis Report

The global ESG Reporting Software Market to grow from USD 0.7 billion in 2022 to USD 1.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.

Download Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=173110129

The major factors driving the growth of the ESG Reporting software market include surge in adoption of cloud-based solutions and services across verticals, higher investment by government as well in this market across regions, spike in corporate data volume, and credible corporate disclosures.

Large Enterprises segment forecasted to have multiplied growth in market size during the forecast period

Organizations with more than 1,000 employees are categorized as large enterprises. With large enterprises, under ESG, "Environmental" refers to how a company is exposed to and manages risks and opportunities to solve problems associated with climate, natural resource scarcity, pollution, waste, and other environmental factors, as well as its own environmental impact. The term "social" refers to the examination of a companys values and business relationships through issues such as supply chain, product quality and safety, employee health and safety, diversity and inclusion policies, worker welfare, and slave labor concerns. "Governance" considers a companys corporate structure, board diversity, executive compensation, corporate resilience and event responsiveness, and policies and practices on lobbying, political contributions, bribery, and corruption. The worlds largest shareholder, the American multinational investment management corporation Blackrock, has informed the market that it believes sustainability risk, particularly climate risk, is an investment risk. As a result, where corporate disclosures are insufficient to make a thorough assessment, or a company has not provided a credible plan to transition its business model to a low-carbon economy, including short, medium and long-term targets, sustainability is a key component of the investment approach.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=173110129

Government and public sector to record significant growth during the forecast period

Governments can help with the management and transition costs of ESG risks and exert significant influence over outcomes through their policy and regulatory functions, but initial measurement and attribution of ESG risks appears to be best captured by assigning them to each sector. SASB, TCFD, or GRI uniform ESG standards and regulatory frameworks for the public sector, as for the private sector. Because the objectives of the public sector are linked to public interest and benefit, public bodies have strong incentives to be more transparent about their impact. Climate change has sparked unprecedented public interest, and sustainability reports enable governments to demonstrate their progress in reducing emissions. The public sector is the largest economic sector in most countries, which means it has a significant impact on the environment. It serves two functions: it provides essential services such as the armed forces, healthcare, public transportation, and waste collection, all of which contribute to climate change.

Asia Pacific is projected to record the highest market size during the forecast period

Asia Pacific is one of the fast-growing markets for ESG Reporting software, and its growth is driven by the presence of many SMEs in different countries. Major factors for technological advancements in the region are the rising levels of urbanization, technological innovation, and government support for the digital economy. The region is expected to experience fast growth during the forecast period. Additionally, the Asia Pacific region is expected to experience extensive growth opportunities during the forecast period majorly due to the presence of manufacturing units in this region. South Korea, Japan, Singapore, India, Australia, and China emerged as undisputed leaders in Asia Pacific with regards to cloud adoption. Australia with its trade-friendly policy environment is another potential market in Asia Pacific for ESG Reporting software. The increasing adoption of ESG Reporting software solutions in this region is due to the improving economic outlook of Asia which seems to be positive for enterprises. Moreover, ESG Reporting software enables enterprises to improve the operational issues, increase customer satisfaction, and assign jobs instantly. Furthermore, the increasing trend toward SaaS would give rise to the growth of ESG Reporting software market in this region.

Get More Info - https://www.marketsandmarkets.com/Market-Reports/esg-reporting-software-market-173110129.html

Market Players

Some prominent players across all service types profiled in the ESG Reporting software market study include Wolters Kluwer (Netherlands), Nasdaq (US), PwC (UK), Workiva (US), Refinitiv (UK), Diligent (US), Sphera (US), Cority (Canada), Intelex (Canada), Greenstone (UK), Novisto (Canada), Emex (Ireland), Enhelix (US), Anthesis (UK), Diginex (Hong Kong), Bain & Co. (US), Keramida (US), Isometrix (US), Accuvio (acquired by Diligent) (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.