GITNUX MARKETDATA REPORT 2024

Carbon Accounting Software Industry Statistics

The Carbon Accounting Software Industry is anticipated to experience steady growth driven by increasing emphasis on sustainability and environmental awareness among businesses.

In this post, we will explore key statistics and insights within the Carbon Accounting Software Industry, shedding light on market size, growth projections, key players, sector-wise trends, and more. From the increasing demand for carbon management solutions in various regions to the significant role of software-as-a-service (SaaS) models, we will analyze the data shaping this dynamic sector. Let’s dive into the numbers that define the current landscape and future trajectory of the carbon accounting software industry.

Statistic 1

"The global Carbon Accounting Software market size was valued at $6.76 billion in 2021."

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Statistic 2

"The Carbon Accounting Software is projected to reach $15.2 billion by 2028."

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Statistic 3

"The Carbon Accounting Software Industry is projected to grow at a compound annual growth rate (CAGR) of 11.2% from 2020 to 2027."

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Statistic 4

"North America holds 35% of the global market share for Carbon Accounting Software."

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Statistic 5

"Europe is expected to grow at a CAGR of 13.1 % in the Carbon Accounting Software market from 2020 to 2027."

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Statistic 6

"Asia-Pacific is anticipated to grow at a significant rate due to increasing regulatory requirements for carbon management in the region."

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Statistic 7

"The software-as-a-service (SaaS) based carbon accounting software segment is expected to constitute a significant market share."

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Statistic 8

"The top 5 companies in the carbon accounting software market hold over 50% of the market share."

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Statistic 9

"70% of the companies in the carbon software industry made investments in R&D in 2020."

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Statistic 10

"The usage of carbon accounting software in the energy sector is projected to grow at a CAGR of 11.7% during 2020-2027."

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Statistic 11

"IBM, SAP, and Schneider Electric are the three key market players in the Carbon Accounting Software Industry."

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Statistic 12

"The demand for carbon accounting software in the industrial sector is expected to witness a growth at a CAGR of 12% from 2021 to 2027."

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Statistic 13

"In terms of vertical, the manufacturing sector holds the largest market share of 25% in 2021."

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Statistic 14

"Carbon accounting software helps businesses reduce emissions by an average of 15%."

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Statistic 15

"The market size of the carbon accounting software sector in the retail industry is expected to grow by 12% by 2027."

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Statistic 16

"The healthcare sector is expected to be the fastest-growing vertical in the carbon accounting software market with a CAGR of 15% from 2021 to 2026."

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Statistic 17

"Small and Medium-sized Enterprises (SMEs) from the IT sector using carbon accounting software are expected to grow by over 20% CAGR from 2021 to 2026."

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Statistic 18

"The cloud-based Carbon Accounting Software segment is expected to grow at the highest CAGR during the forecast period."

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In conclusion, the Carbon Accounting Software industry is experiencing significant growth, with the market size expected to more than double by 2028. Various regions, such as North America, Europe, and Asia-Pacific, are driving this expansion through increasing regulatory requirements and market investments. The industry is dominated by a few key players, while sectors like energy, manufacturing, retail, and healthcare are poised for substantial growth in the coming years. Additionally, the SMEs segment and cloud-based solutions are expected to see significant adoption, highlighting a shift towards more accessible and advanced technology in carbon accounting.

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