Carbon Footprint Management Market - Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027, Segmented By Component (Solution vs Service {Professional v/s Managed}), By Deployment Mode (On-Premise vs Cloud), By Type (Product Focused Carbon Footprint vs Corporate Carbon Footprint), By End User Industry (IT & Telecom, Energy & Utilities, Manufacturing, Transportation, Building & Construction, and Others), By Region

Global Carbon Footprint Management Market valued at USD9289.64 million in 2021 and is anticipated to project a robust growth in the forecast period with a CAGR of 10.30% owing to rapidly increasing in initiatives by corporates for environmental sustainability and increasing demand for clean energy consumption by industries.

Carbon footprint management refers to the solutions and services used to monitor and control carbon emissions. Carbon footprint management provides a turnkey solution in raising awareness, measuring emissions, reducing costs, and managing staff in the carbon management program. It helps to calculate, track, report and manage carbon footprints. Carbon footprint is the amount of total greenhouse gas emissions caused by an event, individual, organization, service, place, or product. Greenhouse gases, including the carbon-containing gases carbon dioxide and methane, can be emitted by burning fossil fuels or land clearance, or burning wood, and through transportation, and other services. Increase in government Initiatives for low carbon policies is driving the growth of the Global Carbon Footprint Management Market.

Increasing Adoption of Carbon Footprint Management Systems in Transportation Sector Driving Market Growth

Because of the carbon emissions from millions of automobiles, the transportation industry is one of the major contributors to carbon emissions. In many countries, the personal automobile sector is the single largest polluter. Electric vehicle investments have surged because of growing government regulations and the desire to reduce carbon emissions. The market for carbon footprint management is likely to grow because of this. Furthermore, transportation management systems that combine planning and execution offer a variety of alternatives for lowering the environmental effect.

Growing Awareness for Reducing Greenhouse Gas Emissions in Global Carbon Footprint Management Market

Companies all over the world can take advantage of the growing trend of sustainable growth by using carbon footprint management systems to minimize greenhouse gas emissions and overall operational and maintenance costs. Furthermore, the growing popularity of building management solutions around the world is providing new opportunities for participants in the carbon footprint management industry.

Adoption of Advanced Technologies, Such as AI and IoT across the Industries

The carbon footprint management market is growing due to technological improvements such as the integration of linked devices with artificial intelligence (AI), the Internet of Things (IoT), and big data solutions. Companies may use AI-powered data engineering to automatically track emissions throughout their whole carbon footprint. They can collect data from operations, corporate travel, IT equipment, and every facet of the value chain, including materials and component suppliers, transporters, and even their goods' downstream customers. Data from new sources, such as satellites, can be used by AI.

Growing Focus on Sustainability Aids in Market Growth

Countries all around the world are promoting ecologically friendly solutions to reduce energy consumption and greenhouse gas emissions to secure long-term development. As a result, several governments have announced plans to promote the construction of green buildings.

Market Segmentation

The Global Carbon Footprint Management Market is segmented based on Component, Service, Deployment Mode, Type, End User Industry, region, and by company. Based on Component, the market is further fragmented into the Solution and Service. Based on Service, the market is bifurcated into Professional vs Managed. Also, segmentation of the market on grounds of the Deployment Mode is done into On-Premises vs Cloud. Based on Type, the market is segmented into Product Focused Carbon Footprint vs Corporate Carbon Footprint. By End User Industry, the Market is segmented into IT & Telecom, Energy & Utilities, Manufacturing, Transportation, Building & Construction, and Others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Asia-Pacific, Europe, North America, South America and the Middle East & Africa.

Company Profiles

IBM Corporation, Wolters Kluwer N.V., SAP SE, Dakota Software Corporation, Salesforce.com, Inc., ProcessMAP Corporation, IsoMetrix, Sphera, Natural Capital Partners, VelocityEHS, Aurecon, Carbon Trust, Greenstone+ Limited, Cority, Engie SA, Schneider Electric SE, Accruent are among the major market players in the global platform that lead the market growth of the Global Carbon Footprint Management Market.

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Report Scope:

In this report, Global Carbon Footprint Management Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Global Carbon Footprint Management Market, By Component:
• Solution
• Service
• Professional
• Managed

·         Global Carbon Footprint Management Market, By Deployment Mode:

o   On-Premise

o    Cloud

• Global Carbon Footprint Management Market, By Type:

o   Product Focused Carbon Footprint

o   Corporate Carbon Footprint

·         Global Carbon Footprint Management Market, By End User Industry:

o   IT & Telecom

o   Energy & Utilities

o   Manufacturing

o   Transportation

o   Building & Construction

o    Others

·         Global Carbon Footprint Management Market, By Region:

• North America

§  United States

§  Canada

§  Mexico

• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia

o   Europe

• Germany
• France
• United Kingdom
• Italy
• Spain

• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

• South America
• Brazil
• Argentina
• Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Carbon Footprint Management Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).