Emissions Management Software Market size was valued at USD 16.36 billion in 2023 and is poised to cross USD 107.7 billion by the end of 2036, registering more than 15.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of emissions management software is estimated at USD 18.4 billion.
End-User companies are progressively adopting the emissions management software across verticals, backed by the need for adhering to carbon emission compliances, which is estimated to drive the market growth. The increasing government initiatives across the world is also expected to boost the growth of the emissions management software market.
The increasing amount of greenhouse gas (GHG) emissions is a burning concern amongst various governmental and non-governmental organizations. One of the most harmful gas to deal with in carbon management is CO2 and it needs significant efforts to monitor, measure its levels, and reduce its emission across the world. Emissions management software helps to measure, plan, store, report, and manage emissions associated to different organizational activities. Moreover, emissions management software has numerous advantages, such as improved operational efficiency, communication of business metrics to stakeholders, differentiation of operations, improved product and image, compliance with restrictive mandates, and mitigating the business risks of climate change. Owing to this changed outlook, businesses and consumers are more aware of the present and future consequences of todays' company’s harmful emissions, which is estimated to boost the market growth. The remarkable growth of this emissions management software market can also be attributed to several initiatives by governments to support environmental and corporate sustainability.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
15.6% |
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Base Year Market Size (2023) |
USD 16.36 billion |
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Forecast Year Market Size (2036) |
USD 107.7 billion |
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Regional Scope |
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The emissions management software market is segmented on the basis of product type into cloud-based and web-based, out of which, the cloud-based segment is estimated to grab the largest share during the forecast period because it offers better control of the data, along with the reduced risk of data loss and concerns related to regulatory compliance. Owing to these benefits, several enterprises are choosing cloud-based solutions to ensure safety and security, which is expected to boost the segment growth. The cloud deployment model offers benefits like increased scalability, speed, 24/7 service, and enhanced IT security. Technological advancement is one among the first drivers boosting the expansion of the IT industry. According to the report of India Brand Equity Foundation, the IT & BPM industry’s revenue is estimated approximately US$ 194 billion in FY21, an increase of 2.3% YoY. The domestic income of the IT industry is estimated to reach US$ 45 billion, and export revenue is estimated to be US$ 150 billion in FY21.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Application |
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End-User
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Geographically, the emissions management software market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in North America industry is estimated to account for largest revenue share by 2036, due to increasing adoption of cloud-based emissions management by various industries. Moreover, the increasing adoption of technology and rising demand for clean and renewable energy are projected to boost the market growth.
The emissions management software market in the APAC is anticipated to exhibit significant revenue share by growing at the highest CAGR over the forecast period owing to rapid digitalization and technological rise. According to the India Brand Equity Foundation (IBEF), installed renewable power generation capacity has gained pace over the past few years, having a CAGR of 17.33% between FY16-20. The Indian software product industry is expected to achieve US$ 100 billion by 2025. With the government's increased support and improved economics, the sector has become enticing from an investor's perspective. Increasing demand for emissions management in various industries to enhance emission control, is also estimated to boost the emissions management software market growth.
April 2021: Intelex Technologies, ULC, announced the launch of Intelex HazardIQ, a new connected safety solution that uses the power of technology to protect the lives of workers in high and medium risk work environments. It is presented as the evolution of connected safety softwares.
January 2020: IsoMetrix and Laragon, a Spain-based company, announced a partnership to expand its portfolio to provide consulting and system implementation services in integrated sustainability and emissions management platforms.
Author Credits: Abhishek Verma
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