Market Size And Forecast: Climate Risk Software 2022-2028 (Global)

07 Feb, 2024

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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%.
Potential losses and disclosures drive spend on climate risk software
Market 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
Figure 1. Regional breakdown
Figure 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

About the Authors

Alice Saunders

Alice Saunders

Industry Analyst

Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds...

Elizabeth Babalola

Elizabeth Babalola

Senior Analyst

Elizabeth is a Senior Analyst at Verdantix, where she delivers in-depth research to support corporate executives in strengthening operational resilience, optimizing insurance ...

View Profile
Ryan Skinner

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...

View Profile

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