ESG Reporting Software Market Trends, Drivers, and Challenges Shaping the Industry Through 2034

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global ESG Reporting Software Market- (By Component (Solutions, Services), By Deployment Type (On-premises, Cloud), By Organization Size (Large Enterprises, SMEs), By Vertical (BFSI, Government, Public Sector & Non-Profit, Retail)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global ESG Reporting Software Market is valued at USD 0.91 Billion in 2024, and it is expected to reach USD 3.3 Billion by the year 2034 with a CAGR of 14.o% during a forecast period of 2025-2034.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2136

ESG software is a platform designed to optimize Environmental, Social, and Governance (ESG) initiatives, enhancing corporate value and facilitating the selection of investment opportunities. ESG investing focuses on identifying sectors that align with responsible, ethical, and sustainable investment criteria. Capital market firms and investors utilize ESG software to evaluate corporate behavior, which in turn aids in forecasting the future financial performance of companies. These software solutions are employed by various organizations to mitigate or eliminate risks associated with their operations, assets, and investments. ESG platforms support investment assessments, leading to more informed and strategic decision-making. The ESG software market is composed of a wide range of players, from large, established enterprise software providers to emerging startups. As the significance of ESG reporting for stakeholders and investors continues to grow, the demand for ESG software is anticipated to increase in the coming years.

List of Prominent Players in the ESG reporting software market:
• Wolters Kluwer (Netherlands)
• Nasdaq (US)
• PwC (UK)
• Workiva (US)
• Refinitiv (UK)
• Diligent (US)
• Sphera (US)
• Cority (Canada)
• Intelex (Canada)
• Greenstone (UK)
• Novisto (Canada)
• Emex (Ireland)
• Enhelix (US)
• Anthesis (UK)
• Diginex (Hong Kong)
• Bain & Co. (US)
• Keramida (US)
• Isometrix (US)
• Accuvio (acquired by Diligent) (US)
• Others

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-04

Market Dynamics
Drivers:
The increasing demand for digital substations is closely linked to the growing emphasis on Environmental, Social, and Governance (ESG) initiatives, which enhance brand recognition and foster customer loyalty. Consumers are placing greater value on ethical purchasing and are increasingly interested in corporate sustainability efforts. Research indicates that small- to medium-sized enterprises (SMEs) implementing sustainability-focused practices tend to attract more clients who prioritize ethical business conduct. By adopting ESG programs, SMEs can not only align with stakeholder values but also generate long-term value and competitive advantage.

Challenges:
One of the primary challenges organizations face in ESG reporting is effective data management. Many companies are beginning to organize their data in accordance with voluntary frameworks or evolving regulatory requirements. However, the inherently complex nature of sustainability and the fragmented or manual documentation of ESG-related data-often stored across disparate systems-poses significant hurdles in producing comprehensive and integrated reports. The COVID-19 pandemic further exacerbated these issues, disrupting global business operations through supply chain breakdowns, reduced productivity, shutdowns, and shifts in workplace dynamics. Despite these initial setbacks, the ESG reporting software market is expected to experience substantial growth post-pandemic, as the crisis underscored the urgency for resilience and sustainable business practices.

Regional Trends:
The North American ESG reporting software market is projected to command a substantial share of global revenue, with expectations of a high compound annual growth rate (CAGR) in the coming years. This growth is driven by increasing product adoption, particularly as ESG software helps mitigate environmental and operational risks. Regulatory agencies such as the U.S. Occupational Safety and Health Administration (OSHA) have mandated the use of ESG solutions across several sectors-including chemicals, materials, and utilities-to enhance workplace safety and regulatory compliance. In Europe, the market has also witnessed robust expansion, supported by a well-established economic foundation and the broad integration of ESG reporting tools, which are instrumental in managing environmental and sustainability risks.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2136

Recent Developments:
• In May 2023, Novisto raised $20 million in a Series B funding round led by Inovia Capital and went well. Portage and SCOR Ventures put money into the round for the first time, and White Star Capital and Diagram Ventures also put money in. Novisto used these funds to speed up the creation of new products and its market growth.
• In March 2023, PwC and Sphera joined forces to hasten the expansion of their market leading ESG management platform. By combining their technology and strategy consulting strengths, Sphera and PwC hope to rapidly grow their customer base, increase adoption of the Sphera platform's features, and build a more robust ESG digital ecosystem for their clients.

Segmentation of ESG reporting software market-
By Component-
• Solutions
• Services
By Deployment Type-
• On-premises
• Cloud
By Organization Size-
• Large Enterprises
• SMEs
By Vertical-
• Banking, Financial Services, and insurance
• IT and ITeS
• Government and Public Sector
• Manufacturing
• Retail and Consumer Goods
• Healthcare and Life Sciences
• Energy and Utilities
• Other Verticals
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/esg-reporting-software-market/2136

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.