Implementation of COP27 targets to restrict global warming and an increase in demand for energy consumption by industries are expected to propel the growth of the global carbon footprint management market. Moreover, the swelling demand for energy consumption by industries is also positively impacting the growth of the carbon footprint management market.

The global carbon footprint management industry is estimated to grow at a CAGR 22.2% between 2023 to 2028 to reach a market size of USD 30.8 billion by 2028, from an estimated USD 11.3 billion in 2023.

Key Market Players

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

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Key takeaways Carbon Footprint Management Market

By deployment mode, the cloud segment of the carbon footprint management market is expected to be the largest during the forecast period. Businesses are opting for cloud-based solutions as they guarantee safety and security because of these advantages. Cloud deployment mode provides advantages such control over data, lower possibility of data loss, and absence of concerns about regulatory compliance. Moreover, cloud has lower deployment costs, and provides ease of execution, upgrades, and maintenance. All these factors are expected to drive the growth of this segment during the forecast period.

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

Based on Component:

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

Based on deployment mode:

• Cloud
• On-premises

Based on organization size:

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

Based on vertical:

• 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:

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

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.

Report Objectives

• To define, describe, segment, and forecast the carbon footprint management market by component, deployment mode, organization size, vertical, and region, in terms of value.
• To provide comprehensive information about the drivers, restraints, opportunities, and industry-specific challenges that affect the market growth
• To strategically analyze the global carbon footprint management market with respect to individual growth trends, future expansions, and each segment’s contribution to the market.
• To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders.
• To forecast the growth of the global carbon footprint management market with respect to the main regions (Asia Pacific, North America, Europe, Middle East & Africa, and South America).
• To profile and rank key players and comprehensively analyze their market share.
• To analyze competitive developments such as acquisitions, contracts & agreements, product launches, and expansions in the carbon footprint management market.
• This report covers the global carbon footprint management market size in terms of value and volume.

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The manufacturing industry has been identified amongst the top sources of carbon emissions globally. Some manufacturing companies have accepted the reality of carbon emissions, and a significant number of businesses are still looking for ways to reduce carbon emissions during the manufacturing process. The majority of manufacturing companies that are adopting low-carbon practices are not doing so merely for the benefit of the environment; rather, they are driven by a recognition of the risks (such as regulatory risk, competitive risk, litigation risk, reputation, and brand value risk) and other elements that are connected to non-compliance. The need to minimize these risks and ensure compliance is expected to drive the demand for carbon footprint management software during the forecast period.

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