Carbon Footprint Management Market
Carbon Footprint Management Market Size, Share & Trends Analysis Report by Component (Solutions, and Services) and by Mode of Deployment (Cloud, and On-Premises) and by Vertical (Manufacturing, Energy and Utilities, Residential and Commercial Buildings, Transportation and Logistics, IT and Telecom, Financial Services, and Government) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Carbon footprint management market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. The growth of the market is attributed to factors such as increasing environmental concerns, government regulations for carbon emissions reduction, and corporate sustainability initiatives. Further, the expansion and growth of companies working in the carbon foot print management market to new regions are anticipated to propel the growth of the market. For instance, in March 2022, Carbon Trust, the London-based global climate consultancy announced the launch of its carbon footprint and label service in China. Carbon Trust partnered with Beijing-based China Standard Conformity Assessment Co Ltd, or CSCA, and registered with the country's State Administration for Market Regulation. The launch of the footprint label service in China is a positive step toward the country's sustainability goal of carbon neutrality by 2060. As carbon neutrality becomes increasingly important in China, the newly available footprint label service will increase Chinese companies' competitiveness in the global market.
Segmental Outlook
The global carbon footprint management market is segmented based on its component, mode of deployment, and vertical. Based on the component, the market is segmented into solutions and services. Based on the mode of deployment, the market is categorized into cloud and on-premises. Based on vertical, the market is segmented into manufacturing, energy and utilities, residential and commercial buildings, transportation and logistics, IT and telecom, financial services, and government. Among components, the carbon footprint solution sub-segment is anticipated to hold a significant market share, driven by the adoption of software platforms and tools for carbon data collection, analysis, and reporting.
Energy and Utilities Sector is Anticipated to Dominate the Market
Among the verticals, the energy and utilities sub-segment is anticipated to dominate the market, as it is a significant source of carbon emissions and faces increasing pressure to reduce its environmental impact. According to the international Energy Agency, carbon emissions from energy and industry have increased by 60% since the UN framework convention on climate change was signed in 1992. To reach net zero emissions by 2050, annual clean energy investment globally will need to more than triple by 2030 to around $4 trillion. Thus the growing emission from the energy sector coupled with growing launches of solutions to track and monitor the carbon footprint in the industry is anticipated to propel the subsegment growth. For instance, in January 2022, McDermott International launched ArborXD™, a web-based tool that supports carbon-conscious decision-making for energy customers seeking pathways to net-zero operations. It provides data collection, estimation, and reporting on the potential carbon impact of energy facilities before construction begins. Embedded as early as the design phase, ArborXD™ is applied throughout the energy project life cycle—whether a concept, front-end engineering design, or an engineering, procurement, construction, and installation project. As a web-based tool, ArborXD™ provides customers access to life cycle footprint estimates, cost tradeoff analyses, emission reduction pathways, and environmental impact assessments.
Regional Outlooks
The global carbon footprint management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the Europe market is anticipated to cater to a prominent growth over the forecast period. However, the Asia-Pacific region is projected to experience considerable growth in the carbon footprint management market.
Global Carbon Footprint Management Market Growth, by Region 2023-2030
The North American Region is anticipated to Hold a Significant Share in the Global Carbon Footprint Management Market
Among these regions, the North America region is anticipated to account for a significant share in the carbon footprint management market during the forecast period. The growth of the carbon footprint management market in the region is primarily driven by factors such as growing corporate sustainability initiatives, and the presence of key market players. For instance, ECOtrack, LLC, Locus Technologies, Inc., EnergyCAP, Inc., NativeEnergy, LLC, ProcessMAP Corp., Environmental Systems Products Holdings Inc., and others are headquartered in the US. Also, increasing investment in research and development to find new solutions to avert the effect of climate change is anticipated to propel the growth of the market in the region. For instance, in May 2021, The U.S. Department of Energy (DOE) today announced $35 million in funding to Reduce the Carbon Footprint of Biofuel Production. The 15 awarded research projects are housed at colleges, universities, and labs across nine states and will advance new technologies to decarbonize biorefining processes used across the energy, transportation, and agriculture sectors. The funding awards are supported by DOE’s Advanced Research Projects Agency-Energy (ARPA-E). These investments in advancements in clean energy technology will help America achieve the goal of a 100% clean energy economy and net-zero emissions by 2050.
Market Players Outlook
The major companies serving the global Carbon Footprint Management market include SAP SE, ENGIE SA, Schneider Electric SE, International Business Machines Corp. (IBM), Carbon Footprint Ltd, Intelex Technologies Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, Diligent Corp., the leading provider of SaaS governance, risk, and compliance (GRC), acquired Accuvio, a leading environmental, social, and governance (ESG) data aggregation and reporting software company. Together, Diligent and Accuvio will offer clients the most comprehensive ESG solution in the market by aggregating next-generation ESG data across governance, risk, compliance, and diversity with natural integration points that bring critical intelligence to executives and the board. Diligent ESG connects to multiple internal platforms and data sources, enabling automated data collection through robotic process automation to ensure companies can monitor performance against ESG objectives in real-time. With Accuvio, Diligent will enable organizations to prepare, track and disclose key metrics in alignment with major regulatory frameworks and standards – including greenhouse gas (GHG) emissions across the entire value chain
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global carbon footprint management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Market Players
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Key Strategy Analysis
4. Market Segmentation
4.1. Global Carbon Footprint Management Market by Component
4.1.1. Solutions
4.1.2. Services
4.2. Global Carbon Footprint Management Market by Mode of Deployment
4.2.1. Cloud
4.2.2. On-Premises
4.3. Global Carbon Footprint Management Market by Vertical
4.3.1. Manufacturing
4.3.2. Energy and Utilities
4.3.3. Residential and Commercial Buildings
4.3.4. Transportation and Logistics
4.3.5. IT and Telecom
4.3.6. Financial Services
4.3.7. Government
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accuvio Ltd.
6.2. Carbon Footprint Ltd
6.3. Dakota Software Corp.
6.4. ECOtrack, LLC
6.5. Enablon SA
6.6. Enablon SAS
6.7. EnergyCAP, Inc.
6.8. ENGIE SA
6.9. Environmental Systems Products Holdings Inc.
6.10. Envirosoft Corp.
6.11. Intelex Technologies Inc.
6.12. International Business Machines Corp. (IBM)
6.13. Locus Technologies, Inc.
6.14. NativeEnergy, LLC
6.15. ProcessMAP Corp.
6.16. Salesforce.com, Inc.
6.17. SAP SE
6.18. Schneider Electric SE
6.19. The Carbon Trust
6.20. Trinity Consultants, Inc.
1. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL CARBON FOOTPRINT MANAGEMENT SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL CARBON FOOTPRINT MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL M3 MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2022-2030 ($ MILLION)
6. GLOBAL CLOUD CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL ON-PREMISES CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL N3 MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
9. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
10. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR ENERGY AND UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR RESIDENTIAL AND COMMERCIAL BUILDINGS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR TRANSPORTATION AND LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR IT AND TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY E5, 2022-2030 ($ MILLION)
16. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR FINANCIAL SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
19. NORTH AMERICAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
20. NORTH AMERICAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
21. NORTH AMERICAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2022-2030 ($ MILLION)
22. NORTH AMERICAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
23. EUROPEAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
24. EUROPEAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
25. EUROPEAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2022-2030 ($ MILLION)
26. EUROPEAN CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2022-2030 ($ MILLION)
30. ASIA-PACIFIC CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
31. REST OF THE WORLD CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
32. REST OF THE WORLD CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
33. REST OF THE WORLD CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY MODE OF DEPLOYMENT, 2022-2030 ($ MILLION)
34. REST OF THE WORLD CARBON FOOTPRINT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2022-2030 ($ MILLION)
1. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL CARBON FOOTPRINT MANAGEMENT SOLUTIONS MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL CARBON FOOTPRINT MANAGEMENT SERVICES MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY MODE OF DEPLOYMENT, 2022 VS 2030 (%)
5. GLOBAL CLOUD CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL ON-PREMISES CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY VERTICAL, 2022 VS 2030 (%)
8. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR MANUFACTURING MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR ENERGY AND UTILITIES MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR RESIDENTIAL AND COMMERCIAL BUILDINGS MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR TRANSPORTATION AND LOGISTICS MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR IT AND TELECOM MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR FINANCIAL SERVICES MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL CARBON FOOTPRINT MANAGEMENT FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL CARBON FOOTPRINT MANAGEMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. US CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
17. CANADA CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
18. UK CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
19. FRANCE CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
20. GERMANY CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
21. ITALY CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
22. SPAIN CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
23. REST OF EUROPE CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
24. INDIA CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
25. CHINA CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
26. JAPAN CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
27. SOUTH KOREA CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
28. REST OF ASIA-PACIFIC CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
29. REST OF THE WORLD CARBON FOOTPRINT MANAGEMENT MARKET SIZE, 2022-2030 ($ MILLION)
