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Carbon Accounting Software Market Is Ready To Grow To US$ 95.47 Billion At A Projected CAGR Of 21.4% From 2024-2032
(MENAFN- EIN Presswire)
According to an exhaustive report by Polaris Market Research, the global carbon accounting software market is poised for significant growth over the next decade. In 2023, global sales income reached USD 16.63 billion. Predicted to boost at a robust CAGR of 21.4%, the market is estimated to reach USD 95.47 billion by 2032.
Market Introduction:
Carbon accounting, which is often indicated as greenhouse gas accounting, is a procedure that the firm utilizes to calculate the aggregate of carbon dioxide discharge they are accountable for so that they uniformly trade carbo credits amidst states, firms, and persons in the carbon market. Discharge data to assist a firm in deciding their carbon discharge can frequently prove arduous for firms to compute solely, rendering carbon accounting software a profound way for firms to be steered in the most superior carbon accounting method appropriate for their business.
Download Free Sample PDF Copy of the Report:
/request-for-sample
A carbon accounting platform can assist firms in gathering carbon data, decreasing their upcoming energy discharge and intake, disentangling their carbon reporting procedure, and even complying with a prominent climate declaration such as CSRD or SEC Climate Disclosure Rule. For instance, carbon accounting permits firms to equitably trade carbon credits and decide the funding for a carbon offset project. The requirement for transparent sustainability reporting is pushing the carbon accounting software market demand.
Key Companies in Carbon Accounting Software Market:
.SAP SE
.IBM Corporation
.Microsoft Corporation
.Salesforce
.Wolters Kluwer
.ENGIE Impact
.Schneider Electric
.Accenture
.Intelex Technologies
.Enablon (a Wolters Kluwer company)
.Sphera
.Simble Solutions
.Accuvio
.Carbon Trust
.Ecova
Market Drivers and Opportunities:
Merger of AI and ML: The amalgamation of AI and ML technologies improves the preciseness and productivity of carbon accounting by mechanizing data gathering, inspection, and reporting procedures, boosting the demand for carbon accounting software market growth.
Handling Scope 3 Discharge: The growing importance of tracing and handling Scope 3 discharge is propelling the market. Scope 3 discharge that surrounds all incidental discharge that takes place throughout the firm's value chain frequently showcases the prominent portion of the firm's carbon footprint.
Surge in Cloud-Based Platforms: Cloud-based platforms provide sizeable reliability, flexibility, and readiness as contrasted to conventional in-house solutions, rendering them especially attractive to firms with varied operations proliferated covering manifold locations.
Request for a Discount on this Report Before Purchase:
/request-for-discount-pricing
Segmental Analysis:
.The carbon accounting software market segmentation is based on deployment, end-use, and region.
.By deployment analysis, the cloud-based segment held the largest market share. This is due to the scalability, flexibility, and economy that cloud solution provides.
.By end-use analysis, the energy and utilities segment is poised to register a significant CAGR. This is due to the industry's elevated carbon discharge and strict regulatory needs.
Regional Overview:
The research report covers all the major regions and sub-regions of the carbon accounting software market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America: North America accounted for the largest market share. This is primarily because of strict ecological directives covering the region and robust concentration on corporate sustainability ventures.
Europe: Europe is anticipated to witness the fastest CAGR from 2024 to 2032. The region's strong ecological directives and allegiance to obtaining determined climate targets fuels the regional market expansion.
Inquire more about this Report Before Purchase:
/inquire-before-buying
FAQs:
How much is the global carbon accounting software market?
The market size was valued at USD 16.63 billion in 2023 and is projected to grow to USD 95.47 billion by 2032.
What is the growth rate of the carbon accounting software market?
The global market is projected to register a CAGR of 21.4% during the forecast period.
Which region held the largest market share?
North America accounted for the largest share of the global market in 2023.
Based on deployment, which segment held a larger share?
The cloud-based segment accounted for a larger share of the global market in 2023.
Browse PMR's Carbon Accounting Software Market Report Coverage from Different Publications:
The global carbon accounting software market size is expected to reach USD 95.47 billion by 2032, exhibiting a CAGR of 21.4% during 2024–2032.
Browse More Research Reports:
Micro Mobile Data Center Market:
ModelOps Market:
Digital Mining Market:
Hospital Electronic Health Records Market:
Self-Sovereign Identity (SSI) Market:
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Carbon Accounting Software Market
Growing regulatory constraints are driving the market demand.
Growing significance of corporate social responsibility is pushing the market forward” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, October 22, 2024 /EINPresswire / -- Our carbon accounting software market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.According to an exhaustive report by Polaris Market Research, the global carbon accounting software market is poised for significant growth over the next decade. In 2023, global sales income reached USD 16.63 billion. Predicted to boost at a robust CAGR of 21.4%, the market is estimated to reach USD 95.47 billion by 2032.
Market Introduction:
Carbon accounting, which is often indicated as greenhouse gas accounting, is a procedure that the firm utilizes to calculate the aggregate of carbon dioxide discharge they are accountable for so that they uniformly trade carbo credits amidst states, firms, and persons in the carbon market. Discharge data to assist a firm in deciding their carbon discharge can frequently prove arduous for firms to compute solely, rendering carbon accounting software a profound way for firms to be steered in the most superior carbon accounting method appropriate for their business.
Download Free Sample PDF Copy of the Report:
/request-for-sample
A carbon accounting platform can assist firms in gathering carbon data, decreasing their upcoming energy discharge and intake, disentangling their carbon reporting procedure, and even complying with a prominent climate declaration such as CSRD or SEC Climate Disclosure Rule. For instance, carbon accounting permits firms to equitably trade carbon credits and decide the funding for a carbon offset project. The requirement for transparent sustainability reporting is pushing the carbon accounting software market demand.
Key Companies in Carbon Accounting Software Market:
.SAP SE
.IBM Corporation
.Microsoft Corporation
.Salesforce
.Wolters Kluwer
.ENGIE Impact
.Schneider Electric
.Accenture
.Intelex Technologies
.Enablon (a Wolters Kluwer company)
.Sphera
.Simble Solutions
.Accuvio
.Carbon Trust
.Ecova
Market Drivers and Opportunities:
Merger of AI and ML: The amalgamation of AI and ML technologies improves the preciseness and productivity of carbon accounting by mechanizing data gathering, inspection, and reporting procedures, boosting the demand for carbon accounting software market growth.
Handling Scope 3 Discharge: The growing importance of tracing and handling Scope 3 discharge is propelling the market. Scope 3 discharge that surrounds all incidental discharge that takes place throughout the firm's value chain frequently showcases the prominent portion of the firm's carbon footprint.
Surge in Cloud-Based Platforms: Cloud-based platforms provide sizeable reliability, flexibility, and readiness as contrasted to conventional in-house solutions, rendering them especially attractive to firms with varied operations proliferated covering manifold locations.
Request for a Discount on this Report Before Purchase:
/request-for-discount-pricing
Segmental Analysis:
.The carbon accounting software market segmentation is based on deployment, end-use, and region.
.By deployment analysis, the cloud-based segment held the largest market share. This is due to the scalability, flexibility, and economy that cloud solution provides.
.By end-use analysis, the energy and utilities segment is poised to register a significant CAGR. This is due to the industry's elevated carbon discharge and strict regulatory needs.
Regional Overview:
The research report covers all the major regions and sub-regions of the carbon accounting software market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America: North America accounted for the largest market share. This is primarily because of strict ecological directives covering the region and robust concentration on corporate sustainability ventures.
Europe: Europe is anticipated to witness the fastest CAGR from 2024 to 2032. The region's strong ecological directives and allegiance to obtaining determined climate targets fuels the regional market expansion.
Inquire more about this Report Before Purchase:
/inquire-before-buying
FAQs:
How much is the global carbon accounting software market?
The market size was valued at USD 16.63 billion in 2023 and is projected to grow to USD 95.47 billion by 2032.
What is the growth rate of the carbon accounting software market?
The global market is projected to register a CAGR of 21.4% during the forecast period.
Which region held the largest market share?
North America accounted for the largest share of the global market in 2023.
Based on deployment, which segment held a larger share?
The cloud-based segment accounted for a larger share of the global market in 2023.
Browse PMR's Carbon Accounting Software Market Report Coverage from Different Publications:
The global carbon accounting software market size is expected to reach USD 95.47 billion by 2032, exhibiting a CAGR of 21.4% during 2024–2032.
Browse More Research Reports:
Micro Mobile Data Center Market:
ModelOps Market:
Digital Mining Market:
Hospital Electronic Health Records Market:
Self-Sovereign Identity (SSI) Market:
About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+ + 1 929-297-9727
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Legal Disclaimer:
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