Press Release

North America to Dominate Carbon Footprint Management Market through 2025

Increasing awareness regarding greenhouse gases emissions and climate change to drive the growth of global carbon footprint management market

According to TechSci Research report, Global Carbon Footprint Management Market By Component (Solution v/s Service), By Deployment Mode (On-Premise v/s Cloud), By Type (Product Carbon Footprint v/s Corporate Carbon Footprint), By End User Industry (IT& Telecom, Energy & Utilities, Manufacturing, Transportation, Building & Construction, Others), By Region, Forecast & Opportunities, 2025, the global carbon footprint management market is expected to grow at a steady rate during the forecast period on account of the stringent policies and supportive initiatives by different governments around the globe to reduce carbon emissions during forecast period. Additionally, increasing adoption of carbon footprint management software across various end user industries such as manufacturing, energy & utilities, transportation, among others, due to the need for adhering to carbon emission compliance is expected to positively influence the market growth through 2025. Furthermore, increasing awareness among the corporates to reduce carbon emissions with operational efficiencies is expected to spur the market over the next few years. Also, increasing implementation of data analytics for improving decision making process is further fueling the market growth across the globe. Besides, growing popularity of green buildings is further expected bolster market growth until 2025. However, high initial investments and high cost of replacement of existing infrastructure with greener solutions might hamper the market across the globe. Moreover, lack of clarity about regulatory landscape is further anticipated to restrict the market growth. Besides, lack of willingness to adopt green solutions especially in the developing economies is further anticipated to impede the market growth through 2025. Also, lack of solutions to address the problem effectively might negatively impact market growth.

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The global carbon footprint management market is segmented based on component, deployment mode, type, end user industry, company and region. Based on component, the market can be bifurcated into solution and service. The solution segment is expected to dominate the market since they can forecast an organization’s carbon emission and analyze the footprint management solutions. Additionally, they help users to forecast future emissions and impact of these emissions on organizations growth, thereby increasing the performance and improving decision making through greenhouse gases emission baseline stimulation. The services segment is expected to witness significant growth in the market since they help lower operational cost and increase revenue and improve business productivity. Based on deployment mode, the market can be divided into on-premise and cloud. The cloud segment is expected to dominate the market over next few years. This can be attributed to various benefits associated with the cloud platform such as increased scalability, speed, enhanced IT security, 24/7 availability, enhanced data control, reduced operational risks, among others. Based on end user industry, the market can be fragmented into IT & telecom, energy & utilities, manufacturing, transportation, building & construction and others. The energy & utilities segment is expected to dominate the market during the next five years. This can be ascribed to the increasing adoption of carbon footprint management solutions in this industry on account of the evolving laws, regulations and standards. Additionally, rising energy demand has increased the global carbon emission, thereby increasing the adoption of carbon footprint management solutions in this segment. The manufacturing segment is also expected to grow during the next five years owing to the increase in the implementation of policies and regulatory framework in the industry.

Enablon, SAP SE, Dakota Software, ProcessMAP, IsoMetrix, IBM Corporation, Schneider Electric Company, Salesforce Inc., ENGIE, Thinkstep, Natural Capital Partners, VelocityEHS, Aurecon Group, Carbon Solutions Global Ltd., Carbon Trust, Greenstone+, Verisae, Inc., Enviance, IHS Markit Ltd., Ecova, Inc. and others are some of the leading players operating in global carbon footprint management market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in November 2019, ENGIE partnered with Accenture, Salesforce and Vlocity for providing low-carbon energy and services to help ENGIE’s customers around the world achieve a zero carbon future.

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North America is expected to dominate the global carbon footprint management market during the forecast period, owing to the increasing carbon emissions and climate change in the region. Additionally, increasing expenditure on the development and adoption of carbon management software in the region is further anticipated to spur the market during the next five years. Furthermore, pre-established and strict regulatory framework to monitor carbon emissions are anticipated to bolster the market growth over the next few years. Also, key vendors operating in the market are expanding their business in the region, thereby creating lucrative opportunities for the growth of market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Carbon Footprint Management Market By Component (Solution v/s Service), By Deployment Mode (On-Premise v/s Cloud), By Type (Product Carbon Footprint v/s Corporate Carbon Footprint), By End User Industry (IT& Telecom, Energy & Utilities, Manufacturing, Transportation, Building & Construction, Others), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global carbon footprint management market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global carbon footprint management market.

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