Market Size And Forecast: Carbon Management Software 2022-2028 (Global)
28 Sep, 2023
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Executive Summary
This report helps carbon management software vendors and investors understand the current and future state of the market. The Verdantix market size and forecasting model incorporates regulatory and macroeconomic drivers, vendor revenue data and global survey responses to forecast the global carbon management software market until 2028. The model also segments the market by region, industry and use case. Verdantix analysis shows that the global market was worth $407 million in 2022 and will grow at a CAGR of 20% from 2022 to 2028.
The carbon management software market will grow as voluntary and mandatory reporting increases
Market size data reflect revenues of carbon management software providers and buyer priorities
The carbon management software market was worth $407 million in 2022
Voluntary reporting and net zero targets will increase demand for carbon management solutions
Regulations drive market growth
The carbon management software market will be worth $1.2 billion in 2028
Global forces pose risks to growth
Market size data reflect revenues of carbon management software providers and buyer priorities
The carbon management software market was worth $407 million in 2022
Voluntary reporting and net zero targets will increase demand for carbon management solutions
Regulations drive market growth
The carbon management software market will be worth $1.2 billion in 2028
Global forces pose risks to growth
Figure 1. Verdantix market size and forecast approach
Figure 2. Industrial classification and carbon management ambition
Figure 3. North American buyers accounted for over 40% of revenue in 2022
Figure 4. Industries that are hard to decarbonize hold the largest market share
Figure 5. GHG emission reduction accounts for almost one-third of the market
Figure 6. More than half of surveyed firms use commercial software to support GHG reduction
Figure 7. The carbon management software market will grow fastest in APAC
Figure 8. Growth will be faster in industries that can decarbonize more easily
Figure 9. Disclosures and emission reductions will be the fastest growing use cases
Figure 2. Industrial classification and carbon management ambition
Figure 3. North American buyers accounted for over 40% of revenue in 2022
Figure 4. Industries that are hard to decarbonize hold the largest market share
Figure 5. GHG emission reduction accounts for almost one-third of the market
Figure 6. More than half of surveyed firms use commercial software to support GHG reduction
Figure 7. The carbon management software market will grow fastest in APAC
Figure 8. Growth will be faster in industries that can decarbonize more easily
Figure 9. Disclosures and emission reductions will be the fastest growing use cases
Quentic, Accenture, Task Force on Climate-related Financial Disclosures (TCFD), Carbon Intelligence, Sage, CDP, AMCS, SME Finance Forum, Global Reporting Initiative (GRI), Spherics, Metrio, Envizi, IBM, Science Based Targets initiative (SBTi), International Monetary Fund (IMF), US Securities and Exchange Commission (SEC), United Nations (UN), NASDAQ
About the Authors
Emma Cutler
Principal Analyst
Emma is a Principal Analyst at Verdantix, with a current research agenda focusing on solutions for climate risk management. She has a background in simulation and statistical …
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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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