Dublin, April 29, 2024 (GLOBE NEWSWIRE) -- The "Carbon Accounting Software Market Report by Deployment (Cloud-based, On-premises), Industry (Energy and Utilities, IT and Telecom, Healthcare, Transportation and Logistics, Retail, Construction and Infrastructure, Food and Beverages, Chemicals, and Others), and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global carbon accounting software market size reached US$ 15,607.0 Million in 2023. Looking forward, the market is set to reach US$ 82,605.5 Million by 2032, exhibiting a growth rate (CAGR) of 20.3% during 2023-2032.
Stringent environmental regulations imposed by governments of various nations, the increasing corporate focus on sustainability and social responsibility, the growing investor interest in sustainability, and the integration of artificial intelligence (AI) and machine learning (ML) technologies within carbon accounting software represent some of the key factors driving the market. 
Carbon accounting software is a specialized software solution that allows companies to monitor and report their greenhouse gas (GHG) emissions accurately. It is designed to streamline the complex process of carbon accounting, making it easier for businesses to assess their environmental impact and take appropriate actions to reduce emissions. One of the key advantages of carbon accounting software is its ability to automate data collection and analysis.
It provides tools and functionalities to gather data on energy consumption, transportation, waste management, and other relevant factors. This data is then processed and converted into carbon emissions metrics, such as carbon dioxide equivalents (CO2e), providing companies with a clear picture of their environmental performance. Additionally, carbon accounting software enables companies to generate reports and track progress over time, facilitating compliance with regulatory requirements and sustainability targets.
Carbon Accounting Software Market Trends:
The global carbon accounting software market is experiencing remarkable growth, driven by the stringent environmental regulations imposed by governments of various nations. This is further supported by the increasing corporate focus on sustainability and social responsibility. Besides this, the growing investor interest in sustainability and the integration of artificial intelligence (AI) and machine learning (ML) technologies within carbon accounting software are driving market growth.
Moreover, the increasing focus on energy efficiency initiatives and the rising energy costs and sustainability goals are propelling the market growth. In line with this, global climate agreements, such as the Paris Agreement, and initiatives like the Science-Based Targets (SBT), are encouraging companies to adopt carbon accounting software to set emissions reduction targets and track progress, further creating a positive outlook for the market. Furthermore, the growing software utilization across various industries to assess and manage the carbon emissions of the supply chains and surging awareness regarding climate change and its potential impacts are providing an impetus to the market growth.
Key Questions Answered in This Report:
- How has the global carbon accounting software market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global carbon accounting software market?
- What is the impact of each driver, restraint, and opportunity on the global carbon accounting software market?
- What are the key regional markets?
- Which countries represent the most attractive carbon accounting software market?
- What is the breakup of the market based on the deployment?
- Which is the most attractive deployment in the carbon accounting software market?
- What is the breakup of the market based on the industry?
- Which is the most attractive industry in the carbon accounting software market?
- What is the competitive structure of the global carbon accounting software market?
- Who are the key players/companies in the global carbon accounting software market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $15607 Million |
| Forecasted Market Value (USD) by 2032 | $82605.5 Million |
| Compound Annual Growth Rate | 20.3% |
| Regions Covered | Global |
Companies Featured
- BraveGen (Energy Solution Providers Limited)
- Carbon Analytics Limited
- CarbonetiX
- Carbonstop
- Emitwise
- Evalue8 Sustainability
- Intelex Technologies Inc. (Industrial Scientific Corporation)
- Net0
- Normative
- SAP SE
- Simble Solutions Ltd.
- Sphera Solutions In
Key Market Segmentation:
Deployment Insights:
- Cloud-based
- On-premises
Industry Insights:
- Energy and Utilities
- IT and Telecom
- Healthcare
- Transportation and Logistics
- Retail
- Construction and Infrastructure
- Food and Beverages
- Chemicals
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/nfu1c6
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