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Carbon Footprint Management Market

Carbon Footprint Management Market Size, Share & Segmentation by Component (Solution and Services), by Services (Consulting, Integration and Deployment, and Support and Maintenance), by Deployment Mode (Cloud and On-premises), by Vertical (Manufacturing, Energy and Utilities, Residential and Commercial Buildings, Transportation and Logistics, and IT and Telecom), by Regions and Global Market Forecast 2023-2030

Report Id: SNS/ICT/2505 | July 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Carbon Footprint Management Market size was valued at USD 10.71 Bn in 2022 and is expected to reach USD 16.95 Bn by 2030, and grow at a CAGR of 5.9% over the forecast period 2023-2030.

The carbon footprint is a measurement of the contribution of human and industrial activities in terms of CO2 emissions and the equivalent in other greenhouse gas emissions. It is denoted by the unit tCO2e (tons of carbon dioxide equivalent). GHGs are released by cars, land clearing, the production and consumption of food, materials, timber, fuels, manufactured products, roads, buildings, and services, in general.

Carbon Footprint Management Market

The term "carbon footprint management" refers to the examination and focus on business areas where cost savings can be realized by decreasing energy use, raw material use, and waste creation. The worldwide carbon footprint management market is made up of products and services that aid in the management of an enterprise's carbon footprint.

The market for carbon footprint management has risen significantly in recent years, with government backing and market demand being the most prominent drivers on the horizon.

MARKET DYNAMICS:

KEY DRIVERS:

  • Increased government attempts to implement low-carbon policies.

  • Corporate initiatives for environmental sustainability.

  • Industries' increasing need for energy usage.

  • Firms' strong initiatives on green building projects.

RESTRAINTS:

  • Lack of desire among emerging and underdeveloped nations to use carbon emission software.

OPPORTUNITY:

  • Adoption of modern technologies such as artificial intelligence, IoT, and big data across industries.

  • Industry Infrastructure Modernization for Low Carbon Emissions.

CHALLENGES:

  • There is a lack of customized solutions to meet distinct environmental issues.

IMPACT OF COVID-19:

With COVID-19 instances on the rise throughout the world, many firms and organizations in the manufacturing and fabrication industries have been compelled to reduce or even cease activities during COVID-19-related lockdowns. Furthermore, because to the restricted availability of employees and workers on-site, enterprises struggled to sustain full-scale output during the period. Because of these limits, the applications of the carbon footprint management business were restricted, and the market experienced a halt during the epidemic. However, increased consumer awareness of personal carbon footprint management has resulted in a continuous development trend in various industrial and residential applications, enabling for expansion in hitherto unexplored industry sectors. This has enabled several significant industry companies to offer specialized goods to appeal to a younger client base.

MARKET ESTIMATION:

The cloud deployment approach provides better data management, as well as a lower chance of data loss and regulatory compliance problems. Because of these advantages, more businesses are turning to cloud-based solutions to assure safety and security. Depending on the demands of the company and the user requirements, organizations are progressively implementing cloud-based solutions. The cloud deployment approach provides advantages such as higher scalability, speed, 24-hour support, and improved IT security.

Large organizations are expected to dominate the market throughout the projected period based on the size of the organization. Large firms are responsible for a greater percentage of carbon emissions depending on the nature of their operation; thus, they must adhere to norms and laws. Furthermore, software installation is a costly technique that many SMEs cannot afford.

Depending on the industry vertical, the energy and utilities segment led the carbon footprint management market share in 2022, and this trend is likely to continue throughout the forecast period due to the rising need for energy and resources across a wide range of industries and business sectors. However, due to many government and industry policies supporting green and sustainable economic operations, the residential and commercial buildings category is predicted to develop the most in the next years.

KEY MARKET SEGMENT:

On The Basis of Component

  • Solution

  • Services

On The Basis of Services

  • Consulting

  • Integration and Deployment

  • Support and Maintenance

On The Basis of Deployment Mode

  • Cloud

  • On-premises

On The Basis of Vertical

  • Manufacturing

  • Energy and Utilities

  • Residential and Commercial Buildings

  • Transportation and Logistics

  • IT and Telecom

Carbon Footprint Management Market

REGIONAL ANALYSIS:

North America is expected to have a sizable market share in the near future, owing to a more developed legislative framework and increased expenditure on carbon footprint control solutions. In the long run, however, emerging regions such as South America and the Asia Pacific are likely to demonstrate promising development. This is owing to the region's fast industrialization, increased foreign investment, and government subsidies for carbon management initiatives, which are backed by worldwide environmental organizations.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Carbon Footprint Ltd, Dakota Software Corporation, ENGIE, IsoMetrix, IBM corporation, Process MAP, Schneider Electric, SAP, and Wolters Kluwer N.V.

Carbon Footprint Management Market Report Scope
Report Attributes Details
Market Size in 2022 USD 10.71 Billion
Market Size by 2030 USD 16.95 Billion
CAGR CAGR 5.9% From 2023 to 2030
Base Year 2021
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Solution and Services)
• by Services (Consulting, Integration and Deployment, and Support and Maintenance)
• by Deployment Mode (Cloud and On-premises)
• by Vertical (Manufacturing, Energy and Utilities, Residential and Commercial Buildings, Transportation and Logistics, and IT and Telecom)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Carbon Footprint Ltd, Dakota Software Corporation, ENGIE, IsoMetrix, IBM corporation, Process MAP, Schneider Electric, SAP, and Wolters Kluwer N.V.
Key Drivers •Corporate initiatives for environmental sustainability.
•Industries' increasing need for energy usage.
•Firms' strong initiatives on green building projects.
Market Restraints •Lack of desire among emerging and underdeveloped nations to use carbon emission software.


Frequently Asked Questions (FAQ) :

Ans: - The estimated market size for the Carbon Footprint Management market for the year 2028 is USD 15.12 Bn.

Ans: - Lack of desire among emerging and underdeveloped nations to use carbon emission software.

Ans: - The primary growth tactics of Carbon Footprint Management market participants include merger and acquisition, business expansion, and product launch.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Carbon Footprint Management Market Segmentation, by Component

8.1 Solution

8.2 Services

 

9. Carbon Footprint Management Market Segmentation, by Services

9.1 Consulting

9.2 Integration and Deployment

9.3 Support and Maintenance

 

10. Carbon Footprint Management Market Segmentation, by Deployment Mode

10.1 Cloud

10.2 On-premises

 

11. Carbon Footprint Management Market Segmentation, by Vertical

11.1 Manufacturing

11.2 Energy and Utilities

11.3 Residential and Commercial Buildings

11.4 Transportation and Logistics

11.5 IT and Telecom

 

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 Carbon Footprint Ltd

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Dakota Software Corporation

13.3 ENGIE

13.4 IsoMetrix

13.5 IBM corporation

13.6 Process MAP

13.7 Schneider Electric

13.8 SAP

13.9 Wolters Kluwer N.V.

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusion

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Secondary Research

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