Verdantix Says US Enterprises Will Spend $558 Million On Carbon And Energy Software In 2014
New York, USA. February 21, 2011. Spending by large US firms on carbon and energy management software will grow from $108 million in 2010 to $558 million in 2014 according to a new report from independent analyst firm Verdantix. Over the 2010 to 2014 period the market will experience a 51% compound annual growth rate (CAGR) triggered by improved economic conditions, 19% growth in US sustainable business spending, systems integrator partnerships and higher price points. The market forecast relates to spending by 1,833 firms with revenues above $1 billion in the US market.
“In 2011 the US market for carbon and energy management software will expand to meet the needs of early majority buyers” commented Verdantix Analyst Peter Charville-Mort. “From 2012 we will see a second wave of more cautious buyers entering the market. They will build on the successes of sustainability visionaries like Becker Underwood and $10 billion revenue firms like Chevron and DuPont. Firms which recently appointed Chief Sustainability Officers will lead the second wave of demand for carbon and energy software.”
The Verdantix report, “US Carbon And Energy Software Market 2010-14” is based on the proprietary Verdantix Critical Moments market sizing and forecasting methodology as well as US market data on deal flow since 2008 and deal sizes by industry. Additional highlights of the report include:
- Oil and gas, telecoms and utilities sectors top the spending list in 2011 representing $32 million, $27 million and $19 million of software spend respectively.
- In 2011, US energy and facilities managers will invest $97 million to fund carbon and energy software purchases, sustainability leaders will find $87 million and EH&S directors $22 million.
- Sustainability leaders will increase spending at a CAGR of 57% between 2010 and 2014 whereas EH&S directors will spend at an increased annual rate of 21% over the same period.
“Systems integrators such as Capgemini and multi-disciplinary engineering firms like CH2M HILL will drive growth in spending on energy and carbon software over the next 3 years” said David Metcalfe, Verdantix Director. “Compound annual growth above 50% is good news for the market but by 2012 software firms without sufficient venture capital backing and those that failed to secure services partnerships will fall by the wayside. Energy and carbon software is following the same customer adoption trajectory as prior enterprise software markets such as CRM and ERP.”
The report, US Carbon And Energy Software Market 2010-14, is available to download by Verdantix clients at: www.verdantix.com.
Verdantix is the fastest-growing, independent, analyst firm focused on sustainable business strategies and market opportunities. For more information visit: www.verdantix.com.
Elinor Newman-Beckett, email@example.com
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Monday, 21 February 2011