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

Report
Climate Financial Data & Analytics
Alastair Foyn
Alastair Foyn
Ryan Skinner
Ryan Skinner
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
 
Climate Neutral Investment (South Pole Group), Openfinance, ISS ESG, CSRHub, CRREM, Refinitiv, risQ, Style Analytics (Investment Metrics/Confluence Technologies), ICC, Monetary Authority of Singapore (MAS), K2 Integrity, Inversis, Bursa Malaysia, New Wealth Experience, Inrate, IBAT (Integrated Biodiversity Assessment Tool) Alliance, BlackRock, ESG.AI Technologies, Climate Data Steering Committee, CDP, Aquantix, ECPI Group, GIST Impact, UPS, Bank of England, Allianz, Bloomberg, S&P Global, UN Net Zero Asset Owners Alliance (NZAOA), IW Financial, International Sustainability Standards Board (ISSB), Thomson Reuters, Net Zero Asset Managers initiative, Rockefeller Asset Management, AXA, Aviva, GoldenSource, NatureAlpha, TMX Group, Ortec Finance, Infront, Genstar Capital, Risk Management Solutions (RMS), RepRisk, Four Twenty Seven, Intercontinental Exchange (ICE), ESG Analytics, World Business Council for Sustainable Development (WBCSD), FactSet, McKinsey & Company, ABG Real Estate Group, Trove Research, Fitch Group, Japan Financial Services Agency, riskthinking.AI, NGFS (Network for Greening the Financial System), ISS (Institutional Shareholders Service), The Reporting Exchange, RobecoSAM, Arabesque, Canadian Securities Administrators (CSA), Vanguard, Radiant AI, The Climate Service, UN Net-Zero Insurance Alliance (NZIA), Morningstar, UN Net Zero Banking Alliance (NZBA) , Moody’s, SimCorp, Ethix SRI Advisors, I-CV, LSEG (London Stock Exchange Group), Coalition of Finance Ministers for Climate Action, Blackstone, Next Gate Tech, European Central Bank (ECB), ISS-Ethix, Vestar Capital Partners, Vigeo Eiris, CACEIS, Linedata, Beyond Ratings, Net-Zero Data Public Utility, Sustainability Accounting Standards Board (SASB), Urgentum, GMI Ratings, International Monetary Fund (IMF), Clarity AI, Rhodium Group, Deutsche Börse, Carbon Delta, Bain & Company, Truvalue Labs, Entelligent, Ping An OneConnect Bank, StatPro Group, BNP, US Securities and Exchange Commission (SEC), Munich Re, MSCI, MarketAxess, Oekom, Manaos (BNP Paribas), Solaron, Confluence Technologies, Ecogain, ELEVATE, Canada Sustainable Finance Action Council (SFAC), Level 11 Analytics, Rimes Technologies, Canadian Sustainability Standards Board (CSSB), Climate TRACE, Morningstar Sustainalytics, NASDAQ, Allfunds

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…

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Ryan Skinner

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 zer…

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