Market Size And Forecast: Climate Risk Software 2023-2029 (Global)
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Executive Summary
This report helps software and data providers understand the climate risk software market – both its current state and future developments. Verdantix sizes and forecasts global spend on climate risk software from 2023 to 2029, based on census data, vendor revenue data, and market drivers and barriers. Our model calculates the size of the global market and segments it by region and industry. Results show that the market was worth approximately $550 million in 2023 and will grow at a CAGR of 13% to a total of $1.16 billion in 2029.The climate risk software market will double by 2029
Market size data reflect the number of buyers in each region and industry
The climate risk software market was worth over $550 million in 2023
Regulatory walk-backs inhibit market growth
Spend will pick up as more firms must grapple with climate risks
The climate risk software market will be worth $1.16 billion in 2029
Figure 2. Climate risk software market: industry segmentation
Figure 3. Market size and forecast methodology
Figure 4. Climate risk software market size by region: 2023
Figure 5. Climate risk software market size by industry: 2023
Figure 6. ESG and climate regulations have a larger impact on risk management spend than severe weather events
Figure 7. New regulations will have a larger impact on climate activity than physical risks
Figure 8. Firms see climate risks as less significant than other risks
Figure 9. Climate risk software spend by region: 2023-2029
Figure 10. Climate risk software spend by industry: 2023-2029
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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Katelyn Johnson
Senior Manager
Katelyn is a Senior Manager at Verdantix, specializing in enterprise risk management and external risk and resilience. She helps executives navigate today’s evolving ris...
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