Market Insight: New Demands Create Opportunity In Product-Level Carbon Management For LCA Software
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Executive Summary
The life cycle assessment (LCA) software market is re-emerging, with new market entrants, evolving technologies, growing regulatory drivers and the standardization of LCA processes, such as through the EU product environmental footprint (PEF) strategy. However, vendors can struggle to identify and rationalize current demand for product environmental impact solutions, and may find it difficult to recognize future market prospects. In this report, Verdantix analyses demand drivers and buyer-aligned needs, and outlines some of the strategies vendors are adopting to capitalize on new opportunities in the market.Firms face steep and rising demands for better product-level data to suit a bottom-up approach
Innovation in LCA software rests on data sets, integrations and automation
Demand is being shaped by sustainability maturity and industry requirements
Figure 2. LCA solution types
About the Authors
Alastair Foyn
Analyst
Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practi...
Guy Lewis
Industry Analyst
Guy is an Industry Analyst in the Verdantix ESG & Sustainability practice. He currently leads research on circular economy software and services and supports research acro...
Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...
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