Dublin, April 07, 2023 (GLOBE NEWSWIRE) -- The "Carbon Footprint Management Global Market Opportunities and Strategies to 2031" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists; marketers and senior management with the critical information they need to assess the global Carbon Footprint Management market as it emerges from the COVID 19 shut down.
The carbon footprint management market reached a value of nearly $8,634.0 million in 2021, having grown at a compound annual growth rate (CAGR) of 3.9% since 2016. The market is expected to grow from $8,634.0 million in 2021 to $12,203.6 million in 2026 at a rate of 7.2%. The market is then expected to grow at a CAGR of 6.9% from 2026 and reach $17,048.9 million in 2031.
Companies Mentioned
- IBM Corporation
- Salesforce.com, Inc.
- Engie SA
- SAP SE
- Simble Solutions Ltd.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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Growth in the historic period resulted from increase in demand for energy consumption, rising pollution rates, increasing vehicle sales and increasing emissions from aviation.
Going forward, government support, implementation of COP26 to limit global warming and steadily expanding construction and infrastructure will drive the growth. Factors that could hinder the growth of the carbon footprint management market in the future include the Russian-Ukrainian war.
The carbon footprint management market is segmented by component into solution and services. The services market was the largest segment of the carbon footprint management market segmented by component, accounting for 54.9% of the total in 2021. Going forward, the services market is expected to be the fastest growing segment in the carbon footprint management market segmented by component, at a CAGR of 7.4% during 2021-2026.
The carbon footprint management market is also segmented by deployment into on-premises and cloud. The cloud market was the largest segment of the carbon footprint management market segmented by deployment, accounting for 61.4% of the total in 2021. Going forward, the cloud market is expected to be the fastest growing segment in the carbon footprint management market segmented by deployment, at a CAGR of 7.5% during 2021-2026.
The carbon footprint management market is also segmented by vertical into manufacturing, IT and telecom, residential and commercial buildings, transportation and logistics, energy and utilities and other verticals. The energy and utilities market was the largest segment of the carbon footprint management market segmented by vertical, accounting for 25.9% of the total in 2021. Going forward, the energy and utilities market is expected to be the fastest growing segment in the carbon footprint management market segmented by vertical, at a CAGR of 7.8% during 2021-2026.
North America was the largest region in the carbon footprint management market, accounting for 35.7% of the total in 2021. It was followed by Asia Pacific, and then the other regions. Going forward, the fastest-growing regions in the carbon footprint management market will be North America, and, Asia Pacific where growth will be at CAGRs of 7.8% and 7.6% respectively. These will be followed by Western Europe, and, South America where the markets are expected to grow at CAGRs of 7.4% and 5.9% respectively.
The carbon footprint management market is concentrated, with a few large players. The top ten competitors in the market made up to 44.62% of the total market in 2021. This can be due to the existence of number of local players in the market serving customers in particular geographies.
Realizing the vast growth opportunities, international players are slowly entering market through mergers, acquisitions, and establishing supply networks. IBM Corporation was the largest competitor with 14.39% share of the market, followed by Salesforce.com, Inc. with 11.42%, Engie SA with 9.52%, SAP SE with 4.94%, Simble Solutions Ltd with 1.77%, Enablon (Wolters Kluwer N.V.) with 1.58%, Schneider Electric SE with 0.76%, GreenStep Solutions Inc with 0.11%, IsoMetrix Software with 0.07%, and Dakota Software Corporation with 0.05%.
The top opportunities in the carbon footprint management market segmented by component will arise in the services segment, which will gain $2,028.6 million of global annual sales by 2026. The top opportunities in segment by deployment will arise in the cloud segment, which will gain $2,322.3 million of global annual sales by 2026. The top opportunities in segment by vertical will arise in the energy and utilities segment, which will gain $1,016.6 million of global annual sales by 2026. The carbon footprint management market size will gain the most in the USA at $1,298.4 million.
Market-trend-based strategies for the carbon footprint management market include leveraging AI to accurately monitor and predict emissions, focus on new technological solutions to stay competitive in the market, leveraging blockchain technology to improve carbon traceability and focusing on partnerships and collaborations to develop new technologies.
Player-adopted strategies in the carbon footprint management market include launching new technologies to help businesses address sustainability objectives, focusing on advanced platforms to help any organization tackle climate change, and focusing on partnership, collaboration and others to strengthen business.
To take advantage of the opportunities, the publisher recommends the carbon footprint management companies to focus on new technology launches, use artificial intelligence (AI), focus on blockchain technology, expand in emerging markets, focus on partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing applications.
This report describes and explains the carbon footprint management market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 313 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $8634 Million |
| Forecasted Market Value (USD) by 2031 | $17048.9 Million |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Carbon Footprint Management Market Definition and Segmentations
6.4. Market Segmentation By Component
6.4.1. Solution
6.4.2. Services
6.5. Market Segmentation By Deployment
6.5.1. On-Premises
6.5.2. Cloud
6.6. Market Segmentation By Vertical
6.6.1. Manufacturing
6.6.2. IT And Telecom
6.6.3. Residential And Commercial Buildings
6.6.4. Transportation And Logistics
6.6.5. Energy And Utilities
6.6.6. Other Verticals
7. Major Market Trends
7.1. Use Of Artificial Intelligence (AI)
7.2. New Technology Launches
7.3. Focus On Blockchain Technology
7.4. Partnerships And Collaborations
8. Global Market Size and Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.2.2. Market Restraints 2016 - 2021
8.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.3.1. Market Drivers 2021 - 2026
8.3.2. Market Restraints 2021 - 2026
9. Global Carbon Footprint Management Market Segmentation
9.1. Global Carbon Footprint Management Market, Segmentation By Component, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Carbon Footprint Management Market, Segmentation By Deployment, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Carbon Footprint Management Market, Segmentation By Vertical, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Carbon Footprint Management Market, Regional and Country Analysis
10.1. Global Carbon Footprint Management Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Carbon Footprint Management Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
For more information about this report visit https://www.researchandmarkets.com/r/7c368h
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