The global carbon footprint management market is projected to reach USD 30.8 billion by 2028 from an estimated USD 11.3 billion in 2023, at a CAGR of 22.2% during the forecast period. An increase in government initiatives for emissions reduction, increasing demand for energy consumption by industries, and implementation of COP27 targets to limit global warming are the major drivers of the carbon footprint management markets. A general shift toward cloud computing and paperless economy is another factor that would provide opportunities for the growth of the carbon footprint management market during the forecast period.

Key Market Players

IBM (US), Schneider Electric (France), Salesforce (US), SAP (Germany), ENGIE (France), Enviance (US), Isometrix (South Africa), ESP (New Zealand), Dakota Software (US), Accuvio (US), ProcessMap (US), Locus Technologies (US), NativeEnergy (US), EnergyCap (US), Carbon Footprint Ltd (UK), EcoTrack (US), Carbon Trust (UK), Envirosoft (Canada), Intelex (Canada), Enablon (France), and Trinity Consultants (US).

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This research report categorizes the carbon footprint management market based on Component, Deployment Mode, Organization Size, Vertical, and Region.

Based on Component, the carbon footprint management market has been segmented as follows:

• Solutions
• Services
  • Consulting
  • Integration & Deployment
  • Support & Maintenance

Based on deployment mode, the carbon footprint management market has been segmented as follows:

• Cloud
• On-premises

Based on organization size, the carbon footprint management market has been segmented as follows:

• Corporates/Enterprises
• Mid-Tier Enterprises
• Small Businesses

Based on vertical, the carbon footprint management market has been segmented as follows:

• Manufacturing
  • Food & Beverages
  • Metals & Mining
  • Chemical & Materials
  • Electronics & Consumer Goods
  • Automotive
  • Pharmaceutical & Healthcare
  • Others
• Energy and Utilities
• Residential and Commercial Buildings
• Transportation and Logistics
• IT and Telecom
• Financial Servies
• Government

Based on region, the carbon footprint management market has been segmented as follows:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

North America is expected to dominate the carbon footprint management market

North America held a dominant position in the carbon footprint management market industry in 2022, and is expected to continue to do so throughout the forecast period as a result of the region’s proactive efforts to reduce the effects of climate change. In line with this, the region has set strong NDC targets and enacted binding ESG disclosure regulations. Carbon footprint management solutions are expected to see considerable growth over the next few years.

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Recent Developments

• In February 2023, Enablon and Makersite announced strategic collaboration to help enterprises reach ESG goals. The two industry leaders will help organizations manage Net Zero ambitions through decarbonizing supply chains. This involves data collection, modeling, reporting, planning, forecasting, and operational execution across all three Scopes of greenhouse gas (GHG) emissions.
• In September 2022, Enviance acquired an ESG performance software platform and consultancy, Reporting 21. The Reporting 21 solution will be incorporated into Enviance/Cority’s Sustainability Cloud to better support customers in managing, reporting, and actioning their sustainability and ESG initiatives.
• In July 2022, Trinity Consultants acquired an aquatic environmental consulting firm, Ecofish Research. This acquisition brings Trinity’s water ecology and aquatic sciences consulting service teams to approximately 250 professionals, with the ability to deliver a wide range of water ecology-related services.