Dublin, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The "Carbon Footprint Management - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Carbon Footprint Management market, currently valued at an impressive US$11.6 Billion in 2022, is anticipated to experience robust growth, reaching a projected US$33 Billion by the year 2030. This market is displaying a healthy Compound Annual Growth Rate (CAGR) of 14%, buoyed by a surging demand for sustainable and environmentally responsible corporate practices.
The Solutions segment within the Carbon Footprint Management market is set to grow at a CAGR of 12.8%, targeting a forecast size of US$18.7 Billion towards the end of the analysis period. Meanwhile, the Services sector is on a faster track, with an expected 15.7% CAGR through the next eight years.
The United States holds a considerable market value set at US$3.6 Billion in 2022, signifying a key contribution to the global landscape. Concurrently, China is making giant strides with a forecast CAGR of 17.3%, indicative of the nation’s escalating commitments to carbon management and reduction. Other regions like Japan and Canada are also making significant progress, with projected CAGR of 11.4% and 12.3% respectively. Europe, led by Germany's projected CAGR of 12.6%, remains a strong participant in the carbon management drive.
Competitive Scenario
With 79 featured competitors, the landscape is marked by a diverse set of players, including highly specialized firms and large-scale corporations that offer innovative solutions and services designed to help businesses and governments manage their carbon footprint more effectively.
Economic Outlook and Market Drivers
The global economic climate is showing positive signs of recovery post-pandemic, with several regions anticipating GDP growth despite prevailing challenges. Amid the ongoing geopolitical dynamics and persistent inflation concerns, investments in next-generation technologies such as AI, cloud computing, quantum technologies, and climate-oriented innovations are expected to drive substantial economic value. In the light of stringent environmental regulations and the urgency to address climate change within economic frameworks, the carbon management sector stands to benefit significantly, thereby propelling market growth.
What’s Being Offered?
The new report provides a comprehensive analysis of the Carbon Footprint Management market, encompassing insights into global economic conditions and the competitive landscape. An extensive presence analysis across numerous geographies and a focus on global competitiveness set the stage for invaluable strategic planning resources. The report is augmented with bespoke updates and access to digital archives, ensuring stakeholders remain at the forefront of market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 475 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $11.6 Billion |
| Forecasted Market Value (USD) by 2030 | $33 Billion |
| Compound Annual Growth Rate | 14.0% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Stringent Regulations Provide the Regulatory Urgency to Adopt Carbon Footprint Management Strategies
- Imposition of Carbon Tax, Will it Incentivize Adoption of Carbon Footprint Management Solutions?
- As Carbon Tax Evolves Into an Expensive Corporate Liability, Companies Seek to Mitigate the Same With Carbon Footprint Management Strategies
- Untapped Opportunity & Scope Exists for Expanding Implementation of Carbon Tax & ETS Worldwide
- Growing Practice of Carbon Cap and Trade to Drive Adoption of Carbon Footprint Management Solutions
- Role of Carbon Capture & Storage (CCS) in Management of Carbon Footprint Gets Bigger
- Opportunities to Accelerate Future Deployment of CCS as Pressure to Meet Climate Goals Intensifies
- Growing Awareness Over the Risks of Climate Change for Businesses Drives Corporate Investments in Carbon Footprint Management
- Long-Term Inflationary Impact of Global Warming to Encourage Companies to Adopt Carbon Footprint Management Strategies
- The Lesser Known Link Between Inflation & Climate Change to Accelerate Big-Time Adoption of Carbon Mitigation Strategies Among Companies
- Companies Closely Eye Recycling to Reduce Their Carbon Footprint & Close the Loop on the Circular Economy
- Recycling, the Most Simple Way to Reduce Carbon Footprint, Save Money & Improve Corporate Bottom Lines
- Pushed to Ensure Compliance, Companies Step Up Adoption of Environmental Consulting Services
- Growing Pressure on Companies to Hedge the Risk of Transition to Net-Zero to Spur the Importance of Environmental Consulting Services
- Environmental, Social and Governance (ESG) & CSR Trends to Boost the Importance of Carbon Footprint Management Strategies
- Commercial Fleet Owners Respond to Climate Pressures by Electrifying Their Fleets & Adopting Smart Fleet Management Solutions
- For Logistics & Transportation Companies, the Simplest Way to Reduce Carbon Footprint is to Invest in Smart Fleet Management Systems
- Carbon & Environmental Data Management, Visualization, & Software Integrations Storm Into the Spotlight
- Growing Focus on Clean Coal Technologies Step Up Opportunities for Carbon Footprint Management
- Role of AI in Carbon Footprint Management Gets Bigger & Bigger
- Companies Double Up on Edge Computing Adoption to Reduce Carbon Footprint
- Role of Blockchain in Carbon Footprint Management Gets Bigger. Here are the Various Ways in Which the Technology Can Help
- In a Bid to Reduce Their Carbon Footprint, Companies Step Up Their Energy Efficiency Investments
- Energy Efficiency Ranks as the Primary ESG (environmental, social and governance) Best Practice Among Companies
- A Peek Into Carbon Accounting and its Role in Enabling a Greener Future
- Decarbonizing Supply Chains Remains Key to Reducing & Managing Carbon Footprint
- Green Finance Becomes a Core Part of Carbon Footprint Management
- Companies Begin to Leverage Drones to Reduce their Carbon Footprint & Ensure Effective Management
- As the Pressure to Reduce Carbon Footprint Becomes Intense, Greenwashing Emerges Into an Undesirable Trend
FOCUS ON SELECT PLAYERS(Total 79 Featured)
- CarbonEES
- Carbon Footprint Ltd.
- CorityEnviance
- Dakota Software Corporation
- EnergyCAP, Inc.
- ENGIE Impact
- Envirosoft Corporation
- IBM Corporation
- Intelex Technologies Inc.
- IsoMetrix Software
- Locus Technologies
- Native, a Public Benefit Corporation
- ProcessMAP Corporation
- Salesforce.com, Inc.
- SAP SE
- Schneider Electric SE
- Wolters Kluwer N.V.
For more information about this report visit https://www.researchandmarkets.com/r/y16z9y
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