Press release
Emission Management Software Market 2024 - By Size, Share Analysis, Future Insights, Current Trends And Global Growth Outlook By 2033
Emission Management Software Market
The emission management software market size is expected to see exponential growth in the next few years. It will grow to $44.26 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to stricter emission reduction targets, shift towards net-zero goals, increasing focus on scope 3 emissions, regulatory push for transparent reporting, efficiency in compliance reporting, improving data accuracy and reporting, focus on resilience and adaptation. Major trends in the forecast period include carbon footprint management, transition to cloud-based solutions, mobile emission monitoring, lifecycle assessment tools, emission trading platforms integration, scenario analysis and modeling, collaboration with sustainability initiatives, iot and sensor technologies.
Market Overview -
An emission management software tracks and calculates air emissions for reporting to manage them. Its primary purpose is to assist your facility in carefully monitoring emissions to prevent going above legal emission limits.
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Growing Demand For Clean And Renewable Energy Drives Emission Management Software Market Growth
The rising demand for clean and renewable energy is expected to propel the growth of the emission management software market. Renewable energy comes from natural sources that replace themselves more quickly than they are used up. The use of renewable energy is increasing because it reduces pollutants and greenhouse gas emissions that are a factor in climate change. The emission management software tracks and calculates air emissions for reporting to manage them. For instance, in September 2023, according to the Government Digital Service, a UK-based government body, Quarter 2 2023 saw a generating share of 42.1% from renewables, 3.5 percentage points more than Quarter 2 2022. Therefore, the rising demand for clean and renewable energy is expected to drive the growth of the emission management software market.
Competitive Landscape -
Major companies operating in the emission management software market report are Accen*ture PLC, CA Technologies Inc., Carbonetworks Corporation, Enviance Inc., The International Business Machines Corporation, Greenstone Ltd., Hara Software Inc., SAP SE, Cority Software Inc., NortonLifeLock Inc., General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., Accuvio Software, Arolytics, Lakes Environmental Software, EcoAct, The Carbon Trust, Clear Blue Environmental, Dakota Software Corporation, Ecometrica, StarTex Software LLC, Enablon Corp., Envirosoft Corporation, FLINTpro, Benchmark Digital Partners LLC, Intelex Technologies Inc., IsoMetrix Software
Innovating Carbon Emissions Management Software In Emission Management Market
Major companies operating in the emission management software market are innovating new technologies such as CERius to increase their profitability in the market. CERius is a carbon emissions management software. For instance, in September 2023, GE Vernov, a US-based electrical company launched CERius. The software's functions include automating the gathering of greenhouse gas (GHG) data and offering practical suggestions for carrying out initiatives to reduce carbon emissions. It is designed to make it possible for businesses to monitor, manage, and operationalize certain insights more precisely-a necessary tool for keeping track of carbon neutral emissions targets. The program offers scenario analysis, team collaboration, and standardized reporting based on GHG protocols. It is intended to automate more accurate GHG data collecting and provide suggestions to operationalize carbon reduction activities.
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Key Segments -
The emission management software market covered in this report is segmented -
1) By Component: Software, Service
2) By Product Type: Cloud-Based, Web-Based
3) By Application: Small And Medium Enterprises, Large Enterprises
4) By Industry: Manufacturing, IT And Telecom, Government Sector, Energy And Power, Other Industries
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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