Market Size And Forecast: ESG Reporting Software 2023-2029 (Global)

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Executive Summary

This report helps ESG and sustainability professionals better understand the current state of and future developments in the ESG reporting and data management software market. The Verdantix market size and forecasting model incorporates census data, regulatory and macroeconomic drivers, vendor revenue data and global survey responses to forecast the global ESG reporting and data management software market until 2029. The model also segments the market by region and industry. Verdantix shows that the global market was worth over $1.3 billion in 2023 and will grow at a CAGR of 26% from 2023 to 2029.

Table of contents

Summary for decision-makers
Regulations and stakeholder pressure will drive firms to purchase ESG reporting software

Market size data reflect revenues and trends from ESG reporting software vendors
The ESG reporting software market was worth over $1.3 billion in 2023
Firms slightly delayed spend on ESG reporting software in 2023
Despite headwinds, regulations and voluntary reporting are driving demand for ESG reporting software
The ESG reporting software market will reach over $5.6 billion in 2029

Table of figures

Figure 1. Breakdown of industries included in our market size and forecast
Figure 2. Geographic breakdown of core countries within six regions   
Figure 3. Market size and forecast methodology
Figure 4. ESG reporting software market share by region: 2023
Figure 5. ESG reporting software market share by industry: 2023
Figure 6. ESG reporting software spend by region: 2023-2029
Figure 7: ESG reporting software spend by industry: 2023-2029

About the authors

Jessica Pransky

Principal Analyst
Jessica is a Principal Analyst in the Verdantix ESG & Sustainability practice, which she joined in 2022. Her current research agenda covers ESG reporting and data management software, ESG solutions for investors, and risk in ESG and sustainability. Prior to joining Verdantix, Jessica worked at Ramboll, focusing on ESG risk and opportunity identification for mergers and acquisitions, as well as EHS due diligence. Jessica has previously held roles evaluating water resource allocation for a state municipality and ensuring EHS compliance for GE Aviation. She holds a BS from Tufts University and an MEng from Johns Hopkins University focused on environmental engineering, as well as an MBA from Boston University.

Luke Gowland

Senior Analyst
Luke is a Senior Analyst in the Verdantix ESG & Sustainability practice. His current research agenda focuses on the ESG reporting and data management landscape, as well as emerging technologies and market trends across industries. Prior to joining Verdantix, Luke worked at research and advisory firm GlobalData, producing ESG research reports for corporate clients. Luke holds an MSc in Sustainability and Management from the University of Bath.

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering and product safety testing, beginning her career at Underwriters Laboratories, Inc. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

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