Sustainability & Energy Management Software Market by Function (Carbon Reporting & Management, Compliance Management, Energy Optimization), Deployment (On-Cloud, On-Premise), End-User - Global Forecast 2024-2030

Sustainability & Energy Management Software Market by Function (Carbon Reporting & Management, Compliance Management, Energy Optimization), Deployment (On-Cloud, On-Premise), End-User - Global Forecast 2024-2030

The Sustainability & Energy Management Software Market size was estimated at USD 1.50 billion in 2023 and expected to reach USD 1.68 billion in 2024, at a CAGR 12.42% to reach USD 3.42 billion by 2030.

Sustainability & energy management software is a comprehensive technology solution that assists organizations in monitoring, analyzing, and optimizing their energy consumption and sustainability performance. These advanced software tools empower companies to reduce their environmental impact, enhance operational efficiency, and achieve sustainability goals by providing actionable insights from real-time data. They typically include features such as energy data management, carbon emissions tracking, utility bill analysis, and automated reporting for compliance with various governmental regulations and industry standards. By consolidating information from diverse sources such as smart meters, IoT devices, and building automation systems, sustainability & energy management software offers a holistic view of an organization's energy usage patterns. In recent years, the adoption of sustainability & energy management software has grown due to increasing concerns about climate change, the need for organizations to reduce energy waste, and the growing efforts made by governments to promote sustainable development. In addition, the construction of green buildings also encourages the utilization of sustainability & energy management software. On the contrary, the cost-intensive software deployment and complexities related to its integration into business processes hamper its widespread adoption. However, the improvements in these software solutions through AI and ML algorithms and investments in microgrids and smart grids across countries are expected to provide considerable opportunities for market expansion in the near future.

Regional Insights

The adoption of sustainability & energy management software in the Americas has been experiencing significant growth in recent years, driven by increased awareness about environmental concerns, regulatory requirements, and awareness of cost-saving opportunities provided by these solutions. The market is primarily concentrated in North America, with the United States taking the lead due to its robust economy, technological advancements in products, and a strong commitment to sustainability goals. Countries across Latin America are also demonstrating a rising interest in sustainability and energy management as they strive to balance their economic growth with sustainable development initiatives. In the Asia-Pacific region, sustainability & energy management software utilization has been steadily growing over the past few years with rapid urbanization, increasing concerns for environmental protection, and government initiatives supporting energy efficiency. With countries such as China and India experiencing significant economic growth and industrial development, the demand for energy management solutions is rising. In Europe, the Middle East, and Africa region, sustainability & energy management software adoption has surged with stringent regulatory frameworks, the increasing integration of advanced software, and the growing demand for cost-effective solutions to manage energy consumption. Various regional governments and organizations are committed to meeting their sustainability goals outlined by international agreements such as the Paris Agreement and United Nations' Sustainable Development Goals (SDGs). Africa presents a vast untapped potential for this software adoption due to its rapidly growing urbanization and industrialization trends. Moreover, market players' improvements in software features through integrating advanced technologies are expected to bolster market growth in the coming years further.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Sustainability & Energy Management Software Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing awareness regarding sustainability management and carbon footprint reduction among end-users
    • Increasing government initiatives to uphold sustainable development in economies
    • Rising investments in green infrastructure and building development worldwide
    • Market Restraints
      • High cost of deploying sustainability & energy management software
      • Market Opportunities
        • Technological advancements and improvements in sustainability & energy management software
        • Increasing investments and growing interest in microgrid and smartgrid technology across countries
        • Market Challenges
          • Limited understanding and issues with integration of sustainability & energy management solutions with industry operations
          • Market Segmentation Analysis
            • Function: Increasing deployment of sustainability & energy management software for energy optimization
            • End-User: Growing focus on reducing emissions by automotive sector driving the demand of sustainability & energy management software
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Sustainability & Energy Management Software Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Sustainability & Energy Management Software Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Brussels-based Enersee secured EUR 1.2 million investment to revolutionize energy management in real estate
              
              Enersee, a startup specializing in energy management software, concluded a successful funding round of EUR 1.2 million investment. This significant investment will empower Enersee to further enhance its product features and expand its customer base.
              
              Siemens and IBM Collaborate to Accelerate Sustainable Product Development and Operations
              
              Siemens AG and International Business Machines Corporation have collaborated to create an advanced software solution devoted to enhancing product life cycles, process traceability, prototyping, testing, and sustainable product designs in sustainability and energy management. This strategic partnership aims to expedite innovation, reduce time-to-market, enhance quality, and minimize costs.
              
              TCS Launches Clever Energy Solution on Google Cloud to Help Organizations Achieve their Net Zero Goals
              
              Tata Consultancy Services Limited announced the availability of its acclaimed Clever Energy solution on Google Cloud. This enterprise-grade energy and emission management system leverages cutting-edge technologies such as the IoT, AI, machine learning, and cloud computing to facilitate organizations in comprehending the factors affecting energy performance. TCS Clever Energy offers predictive analytics and insights to enterprises, enabling them to achieve sustainability goals without compromising their business requirements.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Sustainability & Energy Management Software Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Sustainability & Energy Management Software Market, highlighting leading vendors and their innovative profiles. These include Accruent, LLC, Accuvio by Diligent Corporation, Arcadia Power, Inc., Autodesk Inc., Benchmark Digital Partners LLC, Best Energy Ltd, Eneos BV, EnergyCAP, LLC, ENGIE Insight Services Inc., Ento Labs ApS, Figbytes Inc., Fractal EMS, LLC, ICONICS, Inc., International Business Machines Corporation, Johnson Controls International PLC, LogicLadder Technologies Pvt. Ltd., Microsoft Corporation, OneTrust, LLC, Oracle Corporation, Quickbase, Inc., SAP SE, Schneider Electric SE, Siemens AG, SkyFoundry, Inc., Spacewell International NV, Sphera Solutions, Inc., SyAM Software Inc., Tata Consultancy Services Limited, UL LLC, and Wolters Kluwer N.V..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Sustainability & Energy Management Software Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Function
              • Carbon Reporting & Management
              • Compliance Management
              • Energy Optimization
              • Facility & Asset Management
              • Sustainability Reporting & Management
              • Utility Data Management
              • Deployment
                • On-Cloud
                • On-Premise
                • End-User
                  • Automotive
                  • Construction
                  • Manufacturing
                  • Oil & Gas
                  • Pharmaceutical
                  • Utilities & Energy
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year