Carbon Footprint Management Market Type (Software and Service), Vertical (Commercial Buildings, Manufacturing Transportation, IT and Telecom, and Other), and Deployment Model (On-Premise and On-Demand): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global Carbon Footprint Management market was valued at approximately USD 8.66 billion in 2019, and is expected to generate revenue of around USD 12.95 billion by end of 2026, growing at a CAGR of around 5.95% between 2020 and 2026.

26-Oct-2020 | Number of pages: 110 | Report Code: ZMR-642 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global Carbon Footprint Management market was valued at approximately USD 8.66 billion in 2019, and is expected to generate revenue of around USD 12.95 billion by end of 2026, growing at a CAGR of around 5.95% between 2020 and 2026.

Global Carbon Footprint Management Market: Overview

Carbon footprint means the total amount of greenhouse gases emitted directly or indirectly by activities of individuals, organizations, events, or products, and unit of measure is in carbon dioxide equivalent (CO2e). Carbon footprint management deals with the measurement and accounting of carbon emissions. Carbon footprint management devises the strategy of reduction in greenhouse gases emissions. There is a strong demand for calculations of carbon. Various approaches have been proposed to estimate from basic online calculators to input-output based methods or sophisticated lifecycle analyses and tools, which have given rise to the global carbon footprint management market.

Global Carbon Footprint Management Market: Growth Factors

The major growth factor for the global carbon footprint management market is various governments and international organizations initiatives to promote low carbon emission policies and implementation of a standardized regulatory framework. In addition, increase in the emission of greenhouse gases during the last few decades has led to climate changes worldwide, causing severe ecological and economic threats and the growing concerns about enterprise sustainability and corporate social responsibility (CSR) programs among the public and private institutes is expected to drive global carbon footprint management market. Increasing data analytics implementation for data collection and decision-making process improvement is also anticipated to drive global carbon footprint management market.

Global Carbon Footprint Management Market: Segmentation

The global carbon footprint management market has been broadly segregated on the basis of type, vertical, deployment model, and geography. The type segment is further bifurcated into software and service. Based on vertical, the global carbon footprint management market is further fragmented as commercial buildings, manufacturing transportation, IT and telecom, and other utilities. On the basis of deployment, the global carbon footprint management market can be divided into on-premise deployment and on-demand deployment. Furthermore, geographically, the global carbon footprint management market is segmented as North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Global Carbon Footprint Management Market: Regional Analysis

North America holds a substantial market share in the growth of the global carbon footprint management market mainly owing to established regulatory framework and higher spending on carbon footprint management solutions. The emerging markets such as South America and Asia Pacific are anticipated to show promising growth in the long run. The rapid industrialization, foreign investments and government subsidies for carbon management programs in this region is supported by global institutions for environment protection; thus enhancing the growth of the global market.

Global Carbon Footprint Management Market: Competitive Players

Key players in the global carbon footprint management market are Greenstone, Thinkstep, Ecova, Inc., Verisae, Inc., Schneider Electric SE, and Enablon Other key players influencing the global market include ProcessMAP Corporation, FirstCarbon Solutions, Enviance.

 Carbon Footprint Management Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

Use of carbon footprint management in industries such as manufacturing, oil and gas, chemical, etc. has increased significantly in the last few years mainly due to strict government and federal regulations regarding carbon emission. This trend has been a key factor in driving the carbon footprint management market.

According to the report published by Zion Market Research, global Carbon Footprint Management market was valued at approximately USD 8.66 billion in 2019, and is expected to generate revenue of around USD 12.95 billion by end of 2026, growing at a CAGR of around 5.95% between 2020 and 2026.

The North America Carbon Footprint Management market constituted the largest share in the global Carbon Footprint Management market in 2019 due to presence of regulatory framework and high spending on emission control measures by companies.

Key players in the global carbon footprint management market are Greenstone, Thinkstep, Ecova, Inc., Verisae, Inc., Schneider Electric SE, and Enablon.

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