Carbon Accounting Software Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Carbon Accounting Software Market
The carbon accounting software market size was valued at USD 15.32 billion in 2023, and the market is now projected to grow from USD 18.52 billion in 2024 to USD 100.84 billion by 2032, exhibiting a CAGR of 23.6% during the forecast period of 2024-2032.
The COVID-19 pandemic created significant opportunities on the carbon accounting software market growth as curbing coronavirus outbreak was prioritized. However, the pandemic contributed to the shift towards sustainable commercial enterprise practices pushed by investors, clients, or even personnel who measured and monitored the carbon footprint in their production centers.
The carbon accounting software market share globally has been contributed due to the increasing government initiatives toward net-zero emissions. Governments in various international locations are undertaking projects to reduce carbon emissions with the aid of framing electricity-related recommendations and protocols. The monetary impact of non-compliance and the growing demand from clients for power-green merchandise are convincing businesses to undertake this software in their groups. Thus, several organizations are addressing worldwide warming by enforcing regulations and giving hints to lessen environmental emissions and greenhouse gases.
Furthermore, there’s been a notable trend of implementation of custom-made carbon accounting software. Integrating carbon accounting solutions into any supply chain presents diverse advantages, contributing to attaining general sustainability goals and accountable enterprise practices. It facilitates businesses to enhance data series and mapping with distinct resources, such as payments, invoices, and provider reports.
Comprehensive Analysis of Carbon Accounting Software Market
The carbon accounting software market and information & communication industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information & communication industry. These segmentations are methodically segregated by deployment and industry. The deployment types include, cloud-based and on-premise. However, the industry is such as energy & utilities, IT & telecom, healthcare, transportation & logistic, retail, construction & infrastructure, food & beverages, chemicals and others (Metal & Mining and Government).
The Asia Pacific region is conducive to the global carbon accounting software market, leading to a recall of USD 3.6 billion owing to increased greenhouse emissions. Moreover, China has taken concrete steps to address carbon emissions. Research institutions, industry associations, and non-governmental agencies (NGOs) in China proactively promote cognizance and shape alliances within the realms of carbon accounting and sustainability. Such projects provide sources, steering, and exceptional practices to help companies adopt and implement this software program effectively nationwide.
The top players in the market play a crucial role in the information & communication industry assuring industrial prospectus growth and setting market standards. These players include, IBM Corporation (U.S.), SAP SE (Germany), Salesforce, Inc. (U.S.), Microsoft (U.S.), Persefoni Al (U.S.), Sphera (U.S.), Greenly (France), Diligent Corporation (U.S.), SINAI Technologies (U.S.), and Net0 (U.S.) these market players provide a level-playing competitive landscape.
In November 2023, IBM announced collaborations with Riyadh Air and Aeromexico. The collaborations help these groups implement the Environmental Intelligence Suite of IBM to anticipate, monitor, and respond to the possible effects of extreme weather events on-air set-ups.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 23.6% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Deployment
Cloud-based
On-premise
By Industry
Energy & Utilities
IT & Telecom
Healthcare
Transportation & Logistics
Retail
Construction & Infrastructure
Food & Beverages
Chemicals
Others (Metals & Mining and Government)
By Country
China (By Deployment and By Industry)
U.S. (By Deployment and By Industry)
India (By Deployment and By Industry)
Russia (By Deployment and By Industry)
Rest of the World (By Deployment and By Industry)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of Generative AI
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Carbon Accounting Software Key Players Market Share/Ranking, 2023
- 5. Global Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud-based
- 5.2.2. On-premise
- 5.3. By Industry (USD)
- 5.3.1. Energy & Utilities
- 5.3.2. IT & Telecom
- 5.3.3. Healthcare
- 5.3.4. Transportation & Logistics
- 5.3.5. Retail
- 5.3.6. Construction & Infrastructure
- 5.3.7. Food & Beverages
- 5.3.8. Chemicals
- 5.3.9. Others (Metals & Mining, Government, etc.)
- 5.4. By Country (USD)
- 5.4.1. China
- 5.4.2. United States
- 5.4.3. India
- 5.4.4. Russia
- 5.4.5. Rest of World
- 6. China Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud-based
- 6.2.2. On-premise
- 6.3. By Industry (USD)
- 6.3.1. Energy & Utilities
- 6.3.2. IT & Telecom
- 6.3.3. Healthcare
- 6.3.4. Transportation & Logistics
- 6.3.5. Retail
- 6.3.6. Construction & Infrastructure
- 6.3.7. Food & Beverages
- 6.3.8. Chemicals
- 6.3.9. Others
- 7. United States Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud-based
- 7.2.2. On-premise
- 7.3. By Industry (USD)
- 7.3.1. Energy & Utilities
- 7.3.2. IT & Telecom
- 7.3.3. Healthcare
- 7.3.4. Transportation & Logistics
- 7.3.5. Retail
- 7.3.6. Construction & Infrastructure
- 7.3.7. Food & Beverages
- 7.3.8. Chemicals
- 7.3.9. Others
- 8. India Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud-based
- 8.2.2. On-premise
- 8.3. By Industry (USD)
- 8.3.1. Energy & Utilities
- 8.3.2. IT & Telecom
- 8.3.3. Healthcare
- 8.3.4. Transportation & Logistics
- 8.3.5. Retail
- 8.3.6. Construction & Infrastructure
- 8.3.7. Food & Beverages
- 8.3.8. Chemicals
- 8.3.9. Others
- 9. Russia Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud-based
- 9.2.2. On-premise
- 9.3. By Industry (USD)
- 9.3.1. Energy & Utilities
- 9.3.2. IT & Telecom
- 9.3.3. Healthcare
- 9.3.4. Transportation & Logistics
- 9.3.5. Retail
- 9.3.6. Construction & Infrastructure
- 9.3.7. Food & Beverages
- 9.3.8. Chemicals
- 9.3.9. Others
- 10. Rest of the World Carbon Accounting Software Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment (USD)
- 10.2.1. Cloud-based
- 10.2.2. On-premise
- 10.3. By Industry (USD)
- 10.3.1. Energy & Utilities
- 10.3.2. IT & Telecom
- 10.3.3. Healthcare
- 10.3.4. Transportation & Logistics
- 10.3.5. Retail
- 10.3.6. Construction & Infrastructure
- 10.3.7. Food & Beverages
- 10.3.8. Chemicals
- 10.3.9. Others
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. IBM Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. SAP SE
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Salesforce, Inc.
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Microsoft
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. Persefoni AI
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Sphera
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Greenly
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Diligent Corporation
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. SINAI Technologies
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Net0
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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