Market Size And Forecast: Climate Financial Data And Analytics 2022-2028 (Global)

12 Feb, 2024

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Executive Summary

This report helps financial services professionals understand the evolving state and size of the climate financial data and analytics market. The Verdantix model incorporates analysis of various market drivers, disclosed and calculated revenue data, and market insights, to forecast regional growth over the next six years. Verdantix finds that the overall climate financial data and analytics market was worth $468 million in 2022 and will grow to more than $1.3 billion by 2028, at a CAGR of 19%. However, given the high uncertainty generated by unclarified regulations in key markets and pivotal political events in 2024, our forecast for 2028 encompasses a range from $1 billion to $1.5 billion.

Regulation, risk and a growing green finance sector are driving spend on climate financial data and analytics
Market size data reflect solution provider revenues, customer tech preferences and spending priorities
The climate financial data and analytics solutions market was worth $468 million in 2022
Growth of green investments and emerging policy will continue to drive market spend
The climate financial data and analytics market will exceed $1.3 billion by 2028
Regulatory uncertainty and destabilization in the sustainable finance market threaten growth
Figure 1. Providers, use cases and users in the climate financial data and analytics market
Figure 2. Verdantix market size and forecast approach
Figure 3. Past and present partnerships in the climate financial data and analytics market
Figure 4. 2022 climate financial data and analytics spend by region
Figure 5. Acquisitions relating to the climate financial data and analytics market 2014-2023
Figure 6. 2022 financial data market sizes
Figure 7. Climate financial data and analytics forecast by region 2022-2028
Figure 8. Three potential growth scenarios for the climate financial data and analytics market
 
ABG Real Estate Group, Allfunds, Allianz, Aquantix, Arabesque, Aviva, AXA, Bain & Company, Bank of England, Beyond Ratings, BlackRock, Blackstone, Bloomberg, BNP, Bursa Malaysia, CACEIS, Canada Sustainable Finance Action Council (SFAC), Canadian Securities Administrators (CSA), Canadian Sustainability Standards Board (CSSB), Carbon Delta, CDP, Clarity AI, Climate Data Steering Committee, Climate Neutral Investment (South Pole Group), Climate TRACE, Coalition of Finance Ministers for Climate Action, Confluence Technologies, CRREM, CSRHub, Deutsche Börse, Ecogain, ECPI Group, ELEVATE, Entelligent, ESG Analytics, ESG.AI Technologies, Ethix SRI Advisors, European Central Bank (ECB), FactSet, Fitch Group, Four Twenty Seven, Genstar Capital, GIST Impact, GMI Ratings, GoldenSource, IBAT (Integrated Biodiversity Assessment Tool) Alliance, ICC, I-CV, Infront, Inrate, Intercontinental Exchange (ICE), International Monetary Fund (IMF), International Sustainability Standards Board (ISSB), Inversis, ISS (Institutional Shareholders Service), ISS ESG, ISS-Ethix, IW Financial, Japan Financial Services Agency, K2 Integrity, Level 11 Analytics, Linedata, LSEG (London Stock Exchange Group), Manaos (BNP Paribas), MarketAxess, McKinsey & Company, Monetary Authority of Singapore (MAS), Moody’s, Morningstar, Morningstar Sustainalytics, MSCI, Munich Re, NASDAQ, NatureAlpha, Net Zero Asset Managers initiative, Net-Zero Data Public Utility, New Wealth Experience, Next Gate Tech, NGFS (Network for Greening the Financial System), Oekom, Openfinance, Ortec Finance, Ping An OneConnect Bank, Radiant AI, Refinitiv, RepRisk, Rhodium Group, Rimes Technologies, Risk Management Solutions (RMS), riskthinking.AI, risQ, RobecoSAM, Rockefeller Asset Management, S&P Global, SimCorp, Solaron, StatPro Group, Style Analytics (Investment Metrics/Confluence Technologies), Sustainability Accounting Standards Board (SASB), The Climate Service, The Reporting Exchange, Thomson Reuters, TMX Group, Trove Research, Truvalue Labs, UN Net Zero Asset Owners Alliance (NZAOA), UN Net Zero Banking Alliance (NZBA) , UN Net-Zero Insurance Alliance (NZIA), UPS, Urgentum, US Securities and Exchange Commission (SEC), Vanguard, Vestar Capital Partners, Vigeo Eiris, World Business Council for Sustainable Development (WBCSD)

About the Authors

Alastair Foyn

Alastair Foyn

Analyst

Alastair is an Analyst in the Verdantix Net Zero & Climate Risk practice. His current research agenda focuses on carbon management software and decarbonization best practi...

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...

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