Market Size And Forecast: Carbon Management Software 2021-2027 (Global)

Published 22 November 2022 by Alessandra Leggieri & Ryan Skinner &

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Executive Summary

This report helps executives at carbon management software vendors, service providers active in the carbon management space and investors in carbon management software understand the current state and size of the market. This report provides an analysis of the trends and drivers that will influence the market up to 2027. The Verdantix model calculated a market size of $343 million in 2021, with growth at a CAGR of 28% to reach $1.4 billion in 2027, influenced by upcoming mandatory climate-related regulations from 2024 to 2026, but also macroeconomic and voluntary drivers. Our analysis includes regional breakdowns, as well as software adoption according to emissions-based industry groupings. 

Table of contents

Despite Economic Instability, The Carbon Management Software Market is Expected To Boom
Market Size Data Reflect The Revenues Of Carbon Management Software Providers, Customer Tech Preferences And Spending Priorities 
Spending On Carbon Management Software Exceeded $340 Million In 2021 
Regulatory Drivers Have The Biggest Influence On Market Growth 
Voluntary Reporting And Net Zero Commitments Accelerate Demand For Carbon Management Software 
The Carbon Management Software Market Is Expected To Surpass $1.4 Billion In 2027 
 

Table of figures

Figure 1. Verdantix Market Size And Forecast Approach
Figure 2. One In 10 Corporates Expect To Double Investment In Carbon Management Year On Year
Figure 3. Industries Categorized By Emissions Type
Figure 4. North American Buyers Accounted For Nearly Half Of Carbon Management Software Revenue In 2021
Figure 5. Fossil-Fuel-Intrinsic And Hard-To-Abate Emissions Industries Accounted For More Than $100 Million Of Software Spend In 2021 
Figure 6. Mandatory Climate-Related Disclosure Reporting Is a Top Priority To Increase Spend  
Figure 7. Voluntary Reporting And SBTi Certification Are Important Priorities To Increase Spend
Figure 8. The Carbon Management Software Market Will Grow Fastest In EMEA, Reaching $0.65 Billion In 2027
Figure 9. Financed Emissions Industries Will Increase Their Spend On Carbon Management Software The Fastest, Growing At A 31% CAGR
 

About the authors

Alessandra Leggieri

Industry Analyst
Alessandra Leggieri is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on solutions for GHG emissions and net zero management, covering technologies and services. Prior to joining Verdantix, Alessandra completed an MSc in Environmental Technology at Imperial College London.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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