Emission Management Software Market on Track for Strong Growth, Estimated to Grow at 21.5% CAGR Through 2029

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What Is the Expected CAGR for the Emission Management Software Market Through 2025?
The market for emission management software has seen a swift expansion in the past few years. The market's worth is projected to increase from $20.69 billion in 2024 to $24.47 billion in 2025, marking a compound annual growth rate (CAGR) of 18.2%. Factors such as the need to adhere to environmental rules, initiation of corporate social responsibility (CSR) programs, globalization, supply chain influences, energy efficiency objectives, specific industry emission standards, shift towards eco-friendly and sustainable policies, and merging with energy management systems can be credited for the growth witnessed in the historical period.

What's the Projected Size of the Global Emission Management Software Market by 2029?
The market for emission management software is predicted to undergo significant expansion over the upcoming years, escalating to a value of $53.27 billion by 2029 with a compound annual growth rate (CAGR) of 21.5%. Factors contributing to this projected growth during the forecast period include more stringent targets for emission reduction, a shift toward achieving net-zero objectives, an enhanced focus on scope 3 emissions, regulatory emphasis on transparent reporting, improved efficiency in compliance reporting, as well as better accuracy of data and reporting and a focus on resilience and adaptation. Emerging trends forecasted for this period encompass managing carbon footprint, transitioning toward cloud-based solutions, mobile emission monitoring, utilizing lifecycle assessment tools, integrating emission trading platforms, carrying out scenario analysis and modeling, as well as collaborating with sustainability initiatives and employing IoT and sensor technologies.

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Top Growth Drivers in the Emission Management Software Industry: What's Accelerating the Market?
Expectations of the emission management software market's expansion are fueled by the growing call for clean, sustainable energy. This type of energy is derived from naturally occurring resources that regenerate faster than their consumption rates. As they have the capacity to minimize pollutants and greenhouse gases - key contributors to climate change - the interest in renewable energy sources is on a significant upswing. Emission management software plays a key role in tracking and computing air emissions for regulatory purposes and their management. As reported by the UK-based Government Digital Service, there was a notable upturn, with renewables accounting for 42.1% of power generation in Quarter 2 2023, up by 3.5 percentage points from Quarter 2 2022. This surge in preference for clean, renewable energy underpins predictions of a robust growth trend in the emission management software market.

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What Trends Will Shape the Emission Management Software Market Through 2029 and Beyond?
Leading businesses in the emission management software market, such as CERius, are leveraging innovative technologies to boost their profitability. CERius, a novel carbon emissions management software, was launched by the US-based electrical firm GE Vernov in September 2023. This software automates the collection of greenhouse gas (GHG) data and suggests strategies for reducing carbon emissions. CERius prides itself in enabling accurate monitoring, managing, and operationalizing of insights, a vital tool in maintaining carbon neutral emissions targets. By offering scenario analysis, encouraging team collaboration, and standardizing reports based on GHG protocols, the software aims at automating reliable GHG data collection while providing insights for implementing carbon reduction strategies.

What Are the Main Segments in the Emission Management Software Market?
The emission management softwaremarket 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

Subsegments:
1) By Software: On-Premises Emission Management Software, Cloud-Based Emission Management Software, Analytics And Reporting Tools, Compliance Management Software
2) By Service: Implementation Services, Consulting Services, Training And Support Services, Maintenance And Upgrades

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Which Top Companies are Driving Growth in the Emission Management Software Market?
Major companies operating in the emission management software market are accenture* PLC, The International Business Machines Corporation, Greenstone Ltd., SAP SE, Cority Software 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, Enablon Corp., Envirosoft Corporation, FLINTpro, Benchmark Digital Partners LLC, Intelex Technologies Inc., IsoMetrix Software

Which Regions Will Dominate the Emission Management Software Market Through 2029?
North America was the largest region in the emission management software market in 2024. 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.

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