Carbon Footprint Management Market Scope
The Carbon Footprint Management market refers to the market for products and services that help individuals and organizations measure, manage, and reduce their greenhouse gas emissions. A carbon footprint is the number of greenhouse gases, primarily carbon dioxide, that are emitted into the atmosphere as a result of human activities such as transportation, manufacturing, and energy use. Carbon Footprint Management solutions provide tools for measuring and analyzing carbon emissions, as well as strategies for reducing them. These solutions are aimed at helping organizations meet regulatory requirements, reduce their environmental impact, and improve their sustainability. The Carbon Footprint Management market includes a range of products and services such as carbon accounting software, carbon offsetting, energy-efficient products, and consulting services. The market is driven by the increasing awareness of the impact of carbon emissions on the environment and the need to address climate change.
According to AMA, the Global Carbon Footprint Management market is expected to see growth rate of 5.79%Market players are focusing on providing Carbon Footprint Management composites with higher quality along with complying with all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Carbon Footprint Management composites. The market is fragmented owing to the presence of several international and domestic providers. The high focus on offering cost-effective product offerings. Besides, the numerous industry profitability has led to the entry of new players, in turn, increasing the level of rivalry in the already competitive market.The Players having a strong hold in the market are IBM, Schneider Electric, and Salesforce. Research Analyst at AMA estimates that European and United States Players will contribute to the maximum growth of Global Carbon Footprint Management market throughout the predicted period.
IBM (United States), Schneider Electric (France), Salesforce (United States), SAP (Germany), ENGIE (France), Dakota Software (United States), ProcessMAP (United States), IsoMetrix (South Africa), Carbon Footprint (England) and Enablon (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Trinity Consultants (United States), Dakota Software (United States), Enviance (United States), Firstcarbon Solutions (United States), IHS Markit (United Kingdom), Thinkstep (Germany), Fortive (United States), Accuvio (Ireland), Ecotrack (United States) and Locus Technologies (United States).
Segmentation Overview
The study have segmented the market of Global Carbon Footprint Management market by Type (Software and Service) and Region with country level break-up.
On the basis of geography, the market of Carbon Footprint Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Energy Consumption by Industries
Market Growth Drivers:
Rising in Government Initiatives for Low Carbon Policies and Taking Initiatives by Corporates for Environment Sustainability
Challenges:
Lack of Tailored Solutions to Address Unique Environmental Solutions
Restraints:
Lack of Willingness to Adopt Carbon Emission Software Among Developing and Undeveloped Countries
Opportunities:
Adoption of Advanced Technologies, such as AI, IoT, and Big Data, across Industries and Rapid Increase in Modernization of Industry Infrastructure for Low Carbon Emission
Market Leaders and their Expansionary Development Strategies
In January 2020, IsoMetrix and Laragon announce a formal partnership to develop the European market and support the Latin American expansion. Laragon is a Spain-based firm providing consulting and system implementation services in the areas of Sustainability, HSE Compliance, and Corporate Risk Management.
In November 2019, ENGIE partnered with Salesforce, Accenture, and Vlocity to help its customers around the world achieve a zero-carbon future. The three technology companies will integrate their solutions to provide ENGIE with a unified customer relations management system.
Key Target Audience
Carbon Footprint Management Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.