Cloud Carbon Management System Market 2024 - By Growth Analysis, Opportunities, Business Insights, Key Trends And Forecast By 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Cloud Carbon Management System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.67 billion In 2028 At A CAGR Of 9.6% :

The cloud carbon management system market size has grown rapidly in recent years. It will grow from $6.73 billion in 2023 to $7.41 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to growing environmental awareness, increasing carbon emissions, regulatory compliance pressure, rising energy costs, emergence of carbon pricing mechanisms.

The cloud carbon management system market size is expected to see strong growth in the next few years. It will grow to $10.67 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to strengthening of global climate agreements, shift towards circular economy models, increasing consumer demand for eco-friendly products and services, growing investor focus on sustainability performance, accelerated adoption of renewable energy sources. Major trends in the forecast period include rise of carbon offsetting and carbon removal solutions, integration of carbon management into supply chain management systems, development of interoperable carbon accounting platforms, adoption of real-time carbon monitoring and reporting tools, emergence of industry-specific carbon management standards and certifications.

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Cloud Carbon Management System Market Major Segments
The cloud carbon management system market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Applications: Large Enterprises, Small And Medium Enterprises (SMEs)
3) By Industry: Energy And Utilities, Manufacturing, Residential And Commercial Building, Transportation And Logistics, IT And Telecom, Other Industries

Key Driver - Industrial Demand For Energy Consumption Propels Growth Of Cloud Carbon Management Systems Market

The growing industrial demand for energy consumption is expected to propel the growth of the cloud carbon management system market going forward. Energy consumption refers to the total amount of energy utilized by individuals, organizations, or systems within a specific timeframe, often measured in kilowatt-hours or joules. It arises due to expanding manufacturing activities, technological advancements requiring more energy-intensive processes, and population growth driving product demand. Cloud carbon management systems address industrial demand for energy consumption by providing tools and insights to optimize energy usage, reduce carbon emissions, and promote sustainability within industrial operations. For instance, in April 2023, according to a report published by the United States Energy Information Administration (EIA), a US-based statistical agency, between 2022 and 2050, residential consumption of purchased electricity is projected to rise by approximately 14% to 22%, reaching 5.9 to 6.3 quads, while electricity purchased for transportation, driven by increased adoption of electric vehicles (EVs), is expected to surge from 0.1 quads in 2022 to between 0.6 and 1.3 quads in 2050, marking a substantial 900% to 2,000% increase across all scenarios. Therefore, the growing industrial demand for energy consumption is driving the growth of the cloud carbon management system market.

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Prominent Trend - Global Companies' Focus On Advanced Cloud Carbon Solutions

Major companies operating in the cloud carbon management system market are developing advanced solutions, such as a carbon management solution, to help global customers measure, analyze, and manage their carbon emissions and gain a competitive edge in the market. This solution encompasses a range of technologies and strategies to measure, track, manage, and reduce carbon emissions from industrial facilities, power plants, and other sources, which are critical in achieving sustainability and environmental performance goals. For instance, in June 2022, Alibaba Cloud, a China-based cloud computing company, launched the Energy Expert. This platform offers real-time carbon footprint tracking, actionable insights, AI-powered analytics computing, and comprehensive energy and emission management features. Its significance in the cloud carbon management system market lies in its capacity to assist companies worldwide in measuring, analyzing, and managing carbon emissions, facilitating alignment with global sustainability goals, and enabling enterprises to achieve carbon neutrality through advanced technologies and streamlined solutions.

Cloud Carbon Management System Market Players
Major companies operating in the cloud carbon management system market are Engie SA, The International Business Machines Corporation (IBM), Schneider Electric SE, SAP SE, Salesforce Inc., Enablon (Wolters Kluwer N.V.), IHS Markit, Trinity Consultants Inc., Enviance Inc., Thinkstep, Intelex Technologies ULC, Climeworks AG, IsoMetrix Software, Hara Software, Carbon Clean Solutions, Carbon Lighthouse, Locus Technologies, Energetics, EnergyCAP LLC, CarbonCure Technologies, FirstCarbon Solutions, Envirosoft Corporation, Carbon Footprint Ltd., Climate Earth, Greenstone+, Native Energy, Dakota Software, ESP (New Zealand Green Investment Finance), COzero, Ecometrica

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Largest And Fastest Growing Region In The Market
North America was the largest region in the cloud carbon management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud carbon management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Cloud Carbon Management System Market Report Structure
3. Cloud Carbon Management System Market Trends And Strategies
4. Cloud Carbon Management System Market - Macro Economic Scenario
5. Cloud Carbon Management System Market Size And Growth
…..
27. Cloud Carbon Management System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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