Verdantix Benchmark Reveals Seven Leaders In The Rapidly Evolving Carbon Management Software Market
Seven vendors – Cority, Enablon, IBM, Intelex, Sphera, UL Solutions and VelocityEHS – lead the rapidly evolving market for carbon management software. Using its proprietary Green Quadrant methodology, independent research firm Verdantix assessed the capabilities of 15 carbon management software providers against 17 capability and 10 market momentum criteria to create the most robust and comprehensive analyst report conducted in the sector to date.
Verdantix Benchmark Reveals Seven Leaders In The Rapidly Evolving Carbon Management Software Market
“Tens of thousands of businesses are actively searching for software solutions to help them meet their carbon management requirements as they navigate a new landscape.” Jessica Pransky, Principal Analyst at Verdantix commented. “With growing demand for more forward-looking capabilities, we expect to see the marketplace for carbon management software rapidly evolve as developers race to bring new solutions to the market.”
The Verdantix report, “Green Quadrant: Enterprise Carbon Management Software 2022”, provides prospective buyers of carbon management software with a detailed analysis to speed up vendor selection decisions. Key findings:
The market for carbon management software today is dominated by Environment, Health and Safety software companies. Vendors - such as Cority, Enablon, Intelex, Sphera, UL Solutions and VelocityEHS – have developed strong capabilities in GHG and air emissions calculations.
- Newer entrants to the market, such as Persefoni and Sweep, are demonstrating competitive advantage by developing sustainability advisory boards with deep industry knowledge and expertise, helping them to align with upcoming TCFD-related requirements.
- Acquisition is driving increased reach into the carbon management space, such as IBM’s acquisition of carbon accounting and energy analytics software firm Envizi, and OneTrust’s acquisition of carbon footprint software provider Planetly.
- Existing software vendors, such as ENGIE Impact, Salesforce, and Schneider Electric, have leveraged their existing capabilities and resources to develop carbon management offerings.
- Of the vendors included in this Green Quadrant, only IBM provides customers with access to geospatial data integrated into its enterprise-wide carbon management software.
- Corporate pledges to reach net zero have pushed vendors to offer new functionality that moves beyond compliance. These capabilities can distinguish vendors, such as SINAI Technologies, which has developed an Energy Attribute Certificate (EAC) tracking platform; OneTrust, which features built-in carbon credit purchasing functionality; and FigBytes, which offers strong benchmarking capabilities.
“Verdantix data shows investment of over $418 million in the carbon management software sector in the last 12 months.” Added Kim Knickle, Research Director at Verdantix. “This investment is now spurring a new wave of innovation as software vendors vie for a share of corporate spending. The period ahead will be one of rapid innovation driven by large-scale investment and high levels of competition between incumbents and new entrants.”
