Market Size And Forecast: Carbon Management Software 2021-2027 (Global)

Published 22 November 2022 by Alessandra Leggieri & Ryan Skinner &

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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. 

Table of contents

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 
 

Table of figures

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
 

About the authors

Alessandra Leggieri

Analyst

Alessandra Leggieri is a research analyst specialised in ESG & Sustainability. Her background is in Biology (BSc Imperial College London), with a focus on Environmental Sciences. Prior to joining Verdantix she completed a Master's degree in Environmental Technology with Distinction. Her thesis project looked at biodiversity-friendly pest management decisions in communal gardens, which involved a collaboration with the Royal Borough of Kensington and Chelsea. She has experience with both quantitative and qualitative data analysis, using R and NVivo.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan leads the Verdantix Net Zero & Climate Risk research practice. The team’s current research focus encompasses net zero drivers and strategies, and climate risk, emissions reduction, and carbon management technologies. Ryan has 10 years of experience in the research business, previously working at Forrester, where he led research on ESG. Ryan speaks English natively, Norwegian, and French conversationally. He holds a BA from Duke University. 

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