09-13-2017 04:38 PM CET - IT, New Media & Software

Carbon Energy Software Market : An Insight On the Important Factors and Trends Influencing the Market

Press release from: Transparency Market Research Technology

Increasing need to reduce energy consumption and operational costs has led to the rising demand for carbon and energy software, globally. In addition, rising concerns towards climatic changes and global warming have made it imperative for various governments across the world to work towards reducing carbon emissions. Thereby, energy intensive industries including oil and gas, energy and utilities, and manufacturing need to monitor and assess their energy consumption.

Carbon and energy software has offered a viable solution to such industries to effectively monitor and assess overall energy consumption and carbon emissions associated with various business operations within an organization. Furthermore, increasing popularity of sustainability management across various organizations in the IT and telecommunication, retail and manufacturing industries is further driving the demand for carbon and energy software market.

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Increasing complexities and expansion of supply chain in various organizations across the world have led to increasing operational costs. Thereby, organizations seek to deploy carbon and energy software in order to efficiently map, monitor, and assess energy consumer by various individual processes throughout the supply chain.

Depending on their specific requirements, customers can choose between the on-premise and hosted carbon and energy software solutions. Increased control over information and higher privacy offered by the on-premise carbon and energy software solutions has led to the higher adoption of these solutions across critical industries such as oil and gas; and energy and utilities.

Increasing need for enhanced scalability and rising penetration of Internet has led to the increasing popularity of hosted or cloud-based carbon and energy software solutions. Reduced initial investments and enhanced convenience are expected to drive the growth of hosted carbon and energy software market.

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Based on the end-use, the carbon and energy software market is segmented into oil and gas; energy and utilities; IT and telecommunication; manufacturing, and others (retail, automobiles, construction, medical, etc.). In 2013, IT and telecommunication held the largest market share in the overall carbon and energy software market.

By geography, North America led the overall carbon and energy software market in terms of revenue in 2013 on account of higher adoption of this software solution in the region. Europe held the second largest revenue share of the overall carbon and energy software market in 2013. Carbon and energy software market in Asia Pacific is expected to achieve significant growth during the forecast period from 2014 to 2022.

Intelex Technologies, Inc., IBM Corporation, CA Technologies, Inc., Enablon North America Corporation, and IHS, Inc. were identified to be the top five players in the carbon and energy software market in 2013. Other key players include Enviance, Inc., Thinkstep AG (PE International), ProcessMAP Corporation, Verisae, Inc., and SAP SE.

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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