Carbon Accounting Software Global Market Report 2024 - By Size, Share, Growth, Analysis And Forecast To 2033

"The new report published by The Business Research Company, titled ""Carbon Accounting Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the carbon accounting software market size has grown exponentially in recent years. It will grow from $15.00 billion in 2023 to $18.56 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The carbon accounting software market size is expected to see exponential growth in the next few years. It will grow to $42.44 billion in 2028 at a compound annual growth rate (CAGR) of 23.0%.

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Government Net-Zero Initiatives Drive Growth In Carbon Accounting Software Market
Increasing government initiatives towards net-zero emissions are expected to propel the growth of the carbon accounting software market going forward. Government initiatives towards net-zero emissions refer to actions, policies, and programs implemented by major countries' governments to achieve a state where the total greenhouse gas (GHG) emissions produced are balanced by the amount removed from the atmosphere, resulting in a net-zero carbon footprint. The increase in government initiatives towards net-zero emissions is attributed to growing concerns about climate change and its adverse effects on the environment, ecosystems, and human well-being. Carbon accounting software helps businesses comply with these regulations by providing the tools to measure, track, and report emissions data accurately. For instance, in December 2023, according to a report published by the White House, a US-based governmental body, the U.S. government aims to achieve net-zero emissions in its operations by 2050, with a specific target of reducing emissions by 65% by 2030. Additionally, the government plans to have a net-zero emissions building portfolio by 2045, with an interim goal of a 50% reduction in emissions by 2032. Therefore, increasing government initiatives towards net-zero emissions is driving the growth of the carbon accounting software market.

Advancements In AI-Powered Carbon Accounting Software For Sustainable Emissions Management
Major companies operating in the carbon accounting software market are focused on integrating artificial intelligence (AI) to develop advanced solutions such as CERius, enhance data accuracy, automate analysis, and provide actionable insights for efficient carbon footprint reduction. This includes integrating AI, which optimizes decarbonization planning, improves emissions tracking, and supports informed decision-making to achieve sustainability goals across industries. For instance, in September 2023, GE Vernova, a US-based company specializing in providing solutions for carbon emissions management, launched CERius, an AI-based carbon emissions management software. It is designed to assist energy companies in advancing toward their net-zero goals by offering data precision and abatement planning capabilities, enabling organizations to accurately measure, manage, and operationalize insights needed for tracking carbon-neutral emissions goals. The software automates greenhouse gas data collection, provides scenario analysis, supports team collaboration, and offers standardized reporting based on greenhouse gas protocols. It aims to help energy companies with decarbonization planning, multi-team collaboration, emissions tracking, and compliance reporting, contributing to more accurate decision-making for carbon reduction strategies.

The carbon accounting software market covered in this report is segmented -
1) By Software Type: Emission Management Software, Software For Carbon Offsetting, Software For Energy Management
2) By Deployment: Cloud-Based, On-Premise
3) By Industry: Energy And Utilities, IT And Telecom, Healthcare, Transportation And Logistics, Retail, Construction And Infrastructure, Food And Beverages, Chemicals, Other Industry

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Major companies operating in the carbon accounting software market are Persefoni AI Inc., SAP SE, Net0 Software Limited, Diligent Corporation, IBM Environmental Intelligence Suite, Sphera Solutions Inc., Envizi, Emitwise Ltd., OneTrust LLC, Carbon Analytics, Greenly Company, Carbon Clear Limited, Sinai Technologies, CarbonetiX, Salesforce Inc., Rev-ID International Ltd., CarbonChain Inc., Watershed Technology Inc., Pangolin Associates Pty. Ltd., eValue8 B.V, Carbonstop, South Pole Group, Ecometrica, Climate Earth Inc., TerraPass Inc

Contents of the report:
1. Executive Summary
2. Carbon Accounting Software Market Report Structure
3. Carbon Accounting Software Market Trends And Strategies
4. Carbon Accounting Software Market - Macro Economic Scenario
5. Carbon Accounting Software Market Size And Growth
…..
27. Carbon Accounting Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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