Carbon Footprint Management Market Expected to Reach US$ 10.2 Billion with CAGR of 5.6% by 2032

The carbon footprint management market is estimated to expand its roots and thrive at an average CAGR of 5.6%. It is poised to reach a valuation of nearly US$ 17.4 Bn by 2032 from US$ 10.2 Bn in 2022.

As concerns about climate change and environmental sustainability take center stage, the carbon footprint management market has emerged as a critical solution for businesses seeking to reduce their environmental impact. This market, driven by a growing awareness of the urgent need to mitigate carbon emissions, offers tools and strategies that enable organizations to measure, manage, and ultimately reduce their carbon footprints.

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Key Takeaways:
• Based on component, the solution segment is estimated to dominate the market, expanding at a CAGR of 5.1% during the forecast period.

• In terms of deployment, sales of cloud carbon footprint management are estimated to increase owing to its large storage capacity and faster and secure data transfer.

• By services, demand in the consulting segment is anticipated to grow at a CAGR of 5.1% through 2032.
• Sales of carbon footprint management in the U.S. are expected to increase at a CAGR of 5.3%.

• Total demand for carbon footprint management in the China market is anticipated to reach nearly US$ 3.1 Bn by the end of 2032.

Growth Drivers:

• Growing adoption of sustainable platforms across various industries to prevent carbon emission will propel the demand in the market.

• Rising inclination toward paperless transactions and cloud computing is projected to pave way for the application of carbon emission management solutions in the forthcoming years.

Restraints:

• High installation cost and functional complications of carbon footprint management solutions might limit sales.
• Lack of availability of sustainable infrastructure to support the functionality of these solutions might restrain the growth in the market.

Competitive landscape:

How Strong is the Competitive Landscape for the Carbon Footprint Management Market?

The competitive analysis done by of the carbon footprint management explains that the market is dynamic in nature and hold enough space for new players that focus on using cutting edge technologies that provide accurate solutions to specific industries. The key players also focus on mergers and collaborations to expand their market spaces into new regions, pushing the sales of carbon footprint management platform.

What are the Recent Developments Achieved by the Carbon Footprint Management Market Players?

• Isometrix has tied up with Laragon in order to expand its roots in European and Latin American market. This pushes the sales of carbon footprint management platforms

• Salesforce has introduced sustainability cloud that is a carbon accounting product for multiple industries and businesses, fuelling the sales of carbon footprint management platforms.

Market Players: -
• Enablon
• SAP
• Dakota Software
• Isometrix
• IBM
• Schneider Electric
• Salesforce
• ENGIE

Key Segments:

By Component
• Solution
• Services

By Services
• Consulting
• Integration & Deployment
• Support & Maintenance

By Deployment
• Cloud
• On-premises

By Vertical
• Manufacturing
• Energy & Utilities
• Residential & Commercial Buildings
• Transportation & Logistics
• IT & Telecom

By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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What Do You Get in a Fact.MR Study?

• Factors affecting the overall development of the global Carbon Footprint Management Market

• Factor that might restrain the growth of the global market in the coming years of the forecast period.

• What is present competitive scenario of the global Carbon Footprint Management Market and its intricate details concerning potential business prospects of leading market players

• Pricing strategies of several different market players in the global Carbon Footprint Management Market
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This release was published on openPR.