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Emission Management Software Market Share, Trend Analysis, Key Drivers, Size And Forecast To 2033

Emission Management Software Market

Emission Management Software Market

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.

Emission Management Software 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 $6.44 billion In 2028 At A CAGR Of 3.5% :

The emission management software market size has grown exponentially in recent years. It will grow from $17.59 billion in 2023 to $21.13 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The growth in the historic period can be attributed to environmental regulations compliance, corporate social responsibility (csr) initiatives, globalization and supply chain impact, energy efficiency goals, industry-specific emission standards, transition to green and sustainable practices, integration with energy management systems.

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.

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Emission Management Software Market Major 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 Driver - 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.

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Prominent Trend - 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.

Emission Management Software Market Players
Major companies operating in the emission management software market report are 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

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Largest And Fastest Growing Region In The Market
North America was the largest region in the emission management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the emission management software 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. Emission Management Software Market Report Structure
3. Emission Management Software Market Trends And Strategies
4. Emission Management Software Market - Macro Economic Scenario
5. Emission Management Software Market Size And Growth
…..
27. Emission Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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