The Latest Study Published by HTF MI Research on the “Carbon Accounting Software Market’’ evaluates market size, trend and forecast to 2030. The Carbon Accounting Software market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are Carbon Analytics Limited (United Kingdom), CarbonetiX (Australia), Carbonstop (China), Emitwise (United Kingdom), Evalue8 Sustainability (United Kingdom), Intelex Technologies Inc. (Canada), Net0 (United States), Normative (Sweden), SAP SE (Germany), Simble Solutions Ltd. (Australia), Sphera Solutions Inc. (United States).
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According to HTF Market Intelligence, the Global Carbon Accounting Software market to witness a CAGR of 22.8% during forecast period of 2024-2030. Global Carbon Accounting Software Market Breakdown by Deployment Mode (Cloud, On-Premises) by Industry Vertical (Energy and Utilities, Manufacturing, Retail, Healthcare, Transportation and Logistics, IT and Telecommunications, Government and Public Sector, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Carbon Accounting Software market size is
estimated to increase by USD Billion at a CAGR of 22.8% from 2024 to 2030. The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD Billion.
Carbon accounting software, also known as greenhouse gas accounting software, is a digital tool that helps businesses and organizations track, measure, manage, and report their carbon footprint and greenhouse gas (GHG) emissions
Market Drivers
- Carbon accounting software market is expanding across the globe due to the increasing regulatory requirements and the need to adhere to the international carbon emission standards. Governments and organizations have been upping their environmental standards on climate change and thus many organizations are measuring and minimizing on their carbon emissions. Consumer and stakeholder awareness of environmental social governance has greatly influenced companies to incorporate carbon accounting software. Furthermore, corporate social responsibility (CSR) and sustainability strategies are also contributing to the adoption of these solutions. The adoption of artificial intelligence and blockchain in carbon accounting software is improving accuracy and credibility, thus fueling market growth.
Market Trend
- The use of cloud solutions is increasing because of their flexibility, availability, and the ability to save costs. Real-time data monitoring and analytical properties are emerging as crucial, especially when it comes to evaluating carbon-related decisions. Another trend is an increased focus on the publication of ESG reports with the help of carbon accounting software. Carbon accounting is being integrated with other enterprise resource planning (ERP) systems to enhance control and accurate information. Furthermore, strategic alliances between software vendors and environmental consulting companies are beginning to appear to deliver complete sustainability packages.
Opportunities
- The market is ripe for growth and new ideas. As sustainable finance and investment are gaining more attention, there is a need for more precise carbon accounting which can be considered as a market with potential customers among financial institutions for software providers. Making solutions affordable and easy to use for SMEs can open up a much larger market. The application of big data and AI for predictive analysis of business outcomes and carbon footprints can be useful in decision making. Extending the functionalities of carbon accounting software to cover a wider range of ESG figures will add more value. In addition, government subsidies and grants to support green products and sustainability programs provide a positive climate for market development and innovation. On 19th October 2022, “SAP SE has launched a virtual startup initiative at SAP.iO Foundry Tel Aviv, focusing on carbon accounting. A jury of SAP experts, partners, investment funds, and customers like ABInBev and DSV Global Transport selected six startups for partnerships. Growing sustainability awareness is influencing consumer and investor preferences towards socially and environmentally responsible companies, shaping finance sector transformations.”
Major Highlights of the Carbon Accounting Software Market report released by HTF MI
Global Carbon Accounting Software Market Breakdown by Deployment Mode (Cloud, On-Premises) by Industry Vertical (Energy and Utilities, Manufacturing, Retail, Healthcare, Transportation and Logistics, IT and Telecommunications, Government and Public Sector, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
· The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
· North America (United States, Mexico & Canada)
· South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
· Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
· Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Carbon Accounting Software matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development’s in the Market: This segment of the Carbon Accounting Software report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Carbon Accounting Software Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Carbon Accounting Software movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Carbon Accounting Software Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Carbon Accounting Software Market?
Carbon Accounting Software Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Carbon Accounting Software market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Carbon Accounting Software Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Carbon Accounting Software Market Production by Region
- Carbon Accounting Software Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Carbon Accounting Software Market Report: Overview, drivers and barriers
- Carbon Accounting Software Market Competition by Manufacturers
- Carbon Accounting Software Market Capacity, Production, Revenue (Value) by Region (2024-2030)
- Carbon Accounting Software Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Carbon Accounting Software Market Manufacturers Profiles/Analysis
- Carbon Accounting Software Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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