Market Size And Forecast: Carbon Management Software 2021-2027 (Global)
22 Nov, 2022
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Executive Summary
This report helps executives at carbon management software vendors, service providers active in the carbon management space and investors in carbon management software understand the current state and size of the market. This report provides an analysis of the trends and drivers that will influence the market up to 2027. The Verdantix model calculated a market size of $343 million in 2021, with growth at a CAGR of 28% to reach $1.4 billion in 2027, influenced by upcoming mandatory climate-related regulations from 2024 to 2026, but also macroeconomic and voluntary drivers. Our analysis includes regional breakdowns, as well as software adoption according to emissions-based industry groupings.Despite Economic Instability, The Carbon Management Software Market is Expected To Boom
Market Size Data Reflect The Revenues Of Carbon Management Software Providers, Customer Tech Preferences And Spending Priorities
Spending On Carbon Management Software Exceeded $340 Million In 2021
Regulatory Drivers Have The Biggest Influence On Market Growth
Voluntary Reporting And Net Zero Commitments Accelerate Demand For Carbon Management Software
The Carbon Management Software Market Is Expected To Surpass $1.4 Billion In 2027
Market Size Data Reflect The Revenues Of Carbon Management Software Providers, Customer Tech Preferences And Spending Priorities
Spending On Carbon Management Software Exceeded $340 Million In 2021
Regulatory Drivers Have The Biggest Influence On Market Growth
Voluntary Reporting And Net Zero Commitments Accelerate Demand For Carbon Management Software
The Carbon Management Software Market Is Expected To Surpass $1.4 Billion In 2027
Figure 1. Verdantix Market Size And Forecast Approach
Figure 2. One In 10 Corporates Expect To Double Investment In Carbon Management Year On Year
Figure 3. Industries Categorized By Emissions Type
Figure 4. North American Buyers Accounted For Nearly Half Of Carbon Management Software Revenue In 2021
Figure 5. Fossil-Fuel-Intrinsic And Hard-To-Abate Emissions Industries Accounted For More Than $100 Million Of Software Spend In 2021
Figure 6. Mandatory Climate-Related Disclosure Reporting Is a Top Priority To Increase Spend
Figure 7. Voluntary Reporting And SBTi Certification Are Important Priorities To Increase Spend
Figure 8. The Carbon Management Software Market Will Grow Fastest In EMEA, Reaching $0.65 Billion In 2027
Figure 9. Financed Emissions Industries Will Increase Their Spend On Carbon Management Software The Fastest, Growing At A 31% CAGR
Figure 2. One In 10 Corporates Expect To Double Investment In Carbon Management Year On Year
Figure 3. Industries Categorized By Emissions Type
Figure 4. North American Buyers Accounted For Nearly Half Of Carbon Management Software Revenue In 2021
Figure 5. Fossil-Fuel-Intrinsic And Hard-To-Abate Emissions Industries Accounted For More Than $100 Million Of Software Spend In 2021
Figure 6. Mandatory Climate-Related Disclosure Reporting Is a Top Priority To Increase Spend
Figure 7. Voluntary Reporting And SBTi Certification Are Important Priorities To Increase Spend
Figure 8. The Carbon Management Software Market Will Grow Fastest In EMEA, Reaching $0.65 Billion In 2027
Figure 9. Financed Emissions Industries Will Increase Their Spend On Carbon Management Software The Fastest, Growing At A 31% CAGR
Task Force on Climate-related Financial Disclosures (TCFD), CDP, Microsoft, Sustainable Finance Disclosure Regulation (SFDR), Ecosystem Marketplace, International Sustainability Standards Board (ISSB), GRI, Google, Greenhouse Gas Protocol, EU Emissions Trading System (ETS), SASB, Science Based Targets initiative (SBTi), International Monetary Fund (IMF), US Securities and Exchange Commission (SEC), Unilever, Novartis, Hong Kong Exchanges and Clearing Limited (HKEX)
About the Authors
Alessandra Leggieri
Industry Analyst
Alessandra Leggieri is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on solutions for GHG emissions and net ze…
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Ryan Skinner
Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zer…
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