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Global sustainability and energy management software market analysis and forecast by end use application

10-25-2017 11:26 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Global sustainability and energy management software market

Sustainability and energy management software is basically a database of information that relates to the usage of energy, resources, financial data and other important factors that helps enterprises make their operations sustainable and efficient. In most cases, sustainability and energy management software solutions are used by enterprises to enhance their energy and sustainability business performance through automated data management, analysis and reporting. These type of solutions act as a tool for project planning and management, scenario planning, portfolio management and supply chain management, which helps attain the goals of sustainability of process and energy saving. In addition to delivering value to shareholders and investors, companies today are facing close scrutiny to contribute positively to environmental and sustainability goals and achieve a greater business value. To aid this process, sustainability and energy management software is used to maximize the use of scarce resources and reduce the carbon footprint to achieve greater output in a manner that is environmentally friendly.

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According to Persistence Market Research’s recently published report on the global market for sustainability & energy management software, factors driving the growth in demand for such software include:

Leading organizations across multiple industrial verticals are investing in development of such software to improve profit margins by ensuring greater return on capital and by reducing operating costs through advanced natural-resource management
As more companies are being aware of the benefits of sustainability & energy management software, developers are advancing their offerings through intrinsic reformations and custom-made deliveries, which is incidentally helping companies employ sustainability & energy management programs along industrial guidelines & regulatory obligations

Vendors are adopting sustainability & energy management software to capitalize opportunistic profits from big data analytics, cloud computing, remote connectivity, mobility and other emerging technologies.

The report estimates that the US$ 753.3 Mn market for sustainability & energy management software will expand across the globe at 10.8% CAGR to bringing in a little over US$ 1,700 Mn by the end of 2024. During this eight-year forecast period, above factors will instrument an impressive revenue growth for the global sustainability & energy management software market.

Download TOC: https://www.persistencemarketresearch.com/market-research/sustainability-energy-management-software-market/toc

The report further reveals that the global sustainability & energy management software market will remain split between on-premise and cloud-based software. In 2017, on-premise sustainability & energy management software will be in great demand, but will lose out to cloud-based software by the end of 2024. Cloud-based sustainability & energy management software are projected to account for more than half of global market revenues, towards the end of the forecast period. Automotive, building automation, utilities & energy, and oil & gas are noted as the most lucrative end-use industries for sustainability & energy management software. Collectively, these four end-use applications of sustainability & energy management software will register revenue growth at more than 11% CAGR. Likewise, carbon reporting & management modules in sustainability & energy management software will remain in great demand. Demand for software with sustainability reporting module is also expected to grow over the years, and is anticipated to exhibit highest revenue growth at 13.4% CAGR.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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