IMARC Group, a leading market research company, has recently released a report titled “ Carbon Footprint Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global carbon footprint management market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Carbon Footprint Management Market?
The global carbon footprint management market size reached US$ 9.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.
What is Carbon Footprint Management?
Carbon footprint management includes the comprehensive approach organizations and individuals take to assess and reduce the amount of carbon dioxide and other greenhouse gases (GHGs) they emit. It involves meticulous calculation of emissions from various sources, such as energy use, transportation, and industrial processes, with the ultimate aim of moderating climate change impacts. Effective carbon footprint management hinges on the identification of emission hotspots and the subsequent implementation of strategies to curtail them, including transitioning to renewable energy sources, enhancing energy efficiency, and adopting sustainable practices.
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What are the Growth Prospects and Trends in the Carbon Footprint Management Market?
The global push towards sustainability coupled with the adoption of carbon footprint management practices is driving the growth of the market. Moreover, organizations are actively deploying advanced software and analytical tools to monitor and manage their emissions in real time. Additionally, the integration of carbon management into corporate strategy is becoming a norm, as it is integral to achieving environmental goals and bolstering sustainability credentials. The rising stakeholder awareness, companies are pursuing carbon footprint management out of ecological responsibility but also as a means to garner investor confidence and consumer trust. Furthermore, the development of stricter regulations and carbon reporting standards is compelling industries to adopt more transparent and aggressive carbon management strategies.
Additionally, the escalation of carbon pricing mechanisms and emissions trading schemes is incentivizing reductions in GHG emissions, thus promoting the growth of carbon management solutions. Besides this, the expansion of carbon offset programs and carbon-neutral product offerings is reinforcing the commitment to a low-carbon future. These dynamics, coupled with the relentless pursuit of innovations in carbon capture and sequestration technologies, are underpinning the burgeoning emphasis on carbon footprint management worldwide.
Who are the Key Players Operating in the Carbon Footprint Management Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Accenture PLC
- Dakota Software Corporation
- Enablon SA (Wolters Kluwer NV)
- Engie SA
- Enviance Inc. (Cority Software Inc.)
- International Business Machines Corporation
- Johnson Controls PLC
- ProcessMAP Corporation
- SAP SE
- Schneider Electric SE.
What is Included in Market Segmentation?
The report has categorized the market based on offering, deployment mode and end use industry.
Breakup by Offering:
- Software
- Services
Breakup by Deployment Mode:
- Cloud-Based
- On-Premises
Breakup by End Use Industry:
- Oil and Gas
- Manufacturing
- Healthcare
- IT and Telecom
- Automotive
- Energy and Power
- Others
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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