Market Size And Forecast: Climate Risk Software 2022-2028 (Global)
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Executive Summary
This report helps climate risk software vendors and investors understand the current and future state of the climate risk software market. The Verdantix market size and forecast model incorporates analysis of different market drivers, disclosed and estimated revenue information, and survey data, to forecast the market’s growth by region and industry. Verdantix research finds that the climate risk software market was worth $504 million in 2022 and will grow to $1.3 billion by 2028, at a CAGR of 18%.
Table of contents
Potential losses and disclosures drive spend on climate risk softwareMarket size data reflect the revenues of climate risk software providers
The climate risk software market was worth $504 million in 2022
Climate disclosures accelerate demand for software
Increased risk exposure drives the necessity for climate risk solutions
The climate risk software market will reach $1.3 billion in 2028
Global forces and climate skills gaps pose risks to market growth
Table of figures
Figure 1. Regional breakdownFigure 2. Industry breakdown
Figure 3. Verdantix market size and forecast methodology
Figure 4. The Americas make up most of the 2022 market
Figure 5. Financial services hold the largest market share in 2022
Figure 6. Climate risk software forecast by region 2022-2028
Figure 7. Climate risk software forecast by industry 2022-2028
Organisations mentioned
Bank of America, Canadian Securities Administrators, European Central Bank (ECB), European Environment Agency, Fathom, Goldman Sachs, Grantham Research Institute on Climate Change and the Environment, Hawaiian Electric, Hong Kong Exchanges and Clearing Limited (HKEX), International Monetary Fund (IMF), International Sustainability Standards Board (ISSB), Lloyd’s, McKinsey & Company, Moody's, PRI, S&P Global, Swiss Re, US Securities and Exchange Commission (SEC), Wells FargoAbout the authors
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