NEW YORK† June 22, 2022 /PRNewswire/ — The need to reduce the total costs of enterprises is an important driver for driving the Carbon Accounting Software Market:† Companies have recognized the advantage of deploying the right software. Visibility of energy consumption enables companies to identify appropriate cost-saving opportunities. The use of carbon accounting can help companies identify high-energy-consuming business activities, thereby helping to reduce both energy and resource use. Measuring the carbon footprint determines current energy consumption and allows companies to address any inefficiencies, while also helping them find ways to reduce direct energy costs. This reduces the overall costs incurred by these companies. Carbon accounting provides end-user enterprises with details of overall energy consumption patterns over time† Therefore, such factors are expected to drive the growth of the global carbon accounting software market during the forecast period.
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Regional Analysis and Forecasting
The Carbon Accounting Software market is segmented on the basis of: geography (North America† EuropeAPAC, MEA and South America† 37% of the growth of the market will come from: North America during the forecast period. The US is the most important market for carbon accounting software in North America† Market growth in this region will be faster than the market growth in Europe and South America† Business concerns about increasing CO2 emissions will facilitate the growth of the carbon accounting software market in North America during the forecast period.
Segmentation Analysis and Forecasting
The Carbon Accounting Software market is segmented on the basis of: end-user (oil and gas, telecommunications, technology, energy and utilities, and others). The growth in market share due to the oil and gas segment will be significant during the forecast period. The oil and gas sector is the largest user of carbon accounting software. Oil and gas companies need this software to account for and report CO2 emissions at different stages of their value chain. The companies are under increasing pressure to reduce their carbon footprint in line with the goal of the Paris Agreement, which is to limit global warming to less than 2 degrees C (preferably to 1.5 degrees C) compared to pre-industrial levels. Such needs are expected to drive market growth during the forecast period.
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Market Size of Carbon Accounting Software: |
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Reporting coverage |
Details |
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page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.66% |
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Market growth 2022-2026 |
$9.61 billion |
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Market structure |
fragmented |
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YoY Growth (%) |
26.97 |
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Regional analysis |
North America, Europe, APAC, Middle East & Africa, and South America |
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Performing Market Contribution |
North America at 37% |
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Main consumer countries |
US, China, Japan, Germany and UK |
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Competitive landscape |
Leading Companies, Competitive Strategies, Consumer Engagement Range |
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Profiled companies |
Benchmark Digital Partners LLC, BraveGen, Carbon Analytics Ltd., CarbonetiX, Epicor Software Corp., Greenstep Oy, Intelex Technologies Inc., Lisam Systems SA, Locus Technologies, NativeEnergy, ProcessMAP Corp., SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., Sphera Solutions Inc., Wolters Kluwer NV and ENGIE SA |
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Market dynamics |
Parent market analysis, Inductors and obstacles to market growth, High-growth and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market conditions analysis for forecast period, |
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Customization example |
If our report doesn’t provide the data you’re looking for, contact our analysts and have segments tailored. |
Carbon accounting software market: Difficulty capturing energy consumption data to challenge market growth
Collecting energy consumption data is the most critical part of any environmental sustainability report. With the exception of carbon-intensive industries such as utilities, oil and gas or heavy manufacturing, most organizations rarely keep track of their energy consumption. For example, energy information related to vehicles and fleets is rarely kept in accounting systems. Calculating carbon emissions in a given year involves tracking down utility bills for hundreds of buildings and contacting multiple plant managers to determine the use of propane, natural gas and other energy sources. Estimating the energy consumption of equipment such as chillers, trucks, fleets, remote offices and generators is very difficult and time consuming. Therefore, capturing accurate data is one of the biggest challenges facing the global carbon accounting software market.
The Carbon Accounting Software Market Covers The Following Areas:
Carbon Accounting Software Market Size
Market Forecast for CO2 Accounting Software
Carbon Accounting Software Market Analysis
Named companies
The report analyzes the competitive landscape of the market and provides information on various market vendors, including:
The carbon accounting software market is: fragmented and the suppliers employ organic and inorganic growth strategies to compete in the market.
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Main topics covered:
1. Summary
2 Market landscape
3 Market size
4 Five Forces Analysis
5 Market segmentation by end user
6 Customer landscape
7 Geographical landscape
8 drivers, challenges and trends
9 supplier landscape
10 Supplier Analysis
11 Appendix
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