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Carbon Footprint Management Market - Trends, Technology Innovation, and Future Outlook
Carbon Footprint Management Market
As per the report, the carbon footprint management market size has grown strongly in recent years. It will grow from $9.65 billion in 2023 to $10.18 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The carbon footprint management market size is expected to see strong growth in the next few years. It will grow to $12.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%.
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Governments' Carbon Emission Policies Fuel Growth In The Carbon Footprint Management Market
The introduction of various carbon emission policies by governments in carbon footprint management is expected to propel the growth of the carbon footprint management market. Governments across the world have taken various initiatives to reduce carbon footprint and pollution. For instance, in May 2021, the German government set new targets to reduce its carbon footprint. Under the new targets, Germany will aim for a 65%, 88%, and nearly 0% net carbon emission by 2030, 2040, and 2045 respectively. As a result, organizations have been instructed by governments to follow the norms and regulations. The adherence requirements for reducing carbon footprint would result in a growth in the demand for carbon footprint management systems as it assists organizations in identifying avenues for reducing their carbon footprint.
Companies Drive Growth In Carbon Emission Management Market Through Innovative Solutions
The rising focus on enterprise sustainability among organizations is a key trend gaining popularity in the carbon emission management market. Major companies operating in the carbon emission management sector are focused on launching new products to meet the rising market demand for regulating their carbon emission. For instance, in June 2021, a France-based information technology services and consulting company, Capgemini, launched Sustainable IT, an offering designed to assist IT companies in reducing their carbon footprint. The new offering is meant to support clients on their sustainability journey through its technical expertise, customized approach, and strong partner ecosystem using Capgemini's global sustainability offering framework.
The carbon footprint management market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-Premises, Cloud
3) By Vertical: Manufacturing, IT And Telecom, Residential And Commercial Buildings, Transportation And Logistics, Energy And Utilities, Other Verticals
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Major companies operating in the carbon footprint management market report are IBM Corporation, Salesforce.com, Inc., Engie SA, SAP SE, Simble Solutions Ltd, Enablon, Schneider Electric SE, GreenStep Solutions Inc, IsoMetrix Software, Dakota Software Corporation, Altilium, Yokogawa India, SGS India, Mitsui, Pwc Japan Group, Enking International, Carbon Trust China, Carbonstop, Enesource, Carbon Care Asia, Sphera, Carbon Intelligence, Planetly, Compact Carbon Capture (3C), Accuvio, Cority Software Inc, Energycap LLC, Intelex Technologies Inc, Locus Technologies, Nativeenergy Inc, Johnson Controls, Velocityehs And Carbon Trust, Envirosoft Corporation, Energywatch's Watch Wire, Metricstrac, Processmap EHS Software, Carbon Footprint Ltd, Shagaya Clean Energy Development, Greencarbon Co. W.L.L, Tristar Group, Alternative Energy Projects Co, Starsight Energy.
Contents of the report:
1. Executive Summary
2. Carbon Footprint Management Market Report Structure
3. Carbon Footprint Management Market Trends And Strategies
4. Carbon Footprint Management Market - Macro Economic Scenario
5. Carbon Footprint Management Market Size And Growth
…..
27. Carbon Footprint Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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