Carbon Management Software Market: Global Industry Analysis and Forecast (2024-2030)

Carbon Management Software Market size was valued at USD 11610.23 Mn. in 2023 and the total Graphene Battery revenue is expected to grow by 12.04 % from 2024 to 2030, reaching nearly USD 25730.76 Mn.
Carbon Management Software Market Overview:
Carbon management software solutions are designed to achieve a variety of objectives, including carbon emission monitoring, planning, inventory, benchmarking, and administration. These software solutions are designed to help businesses and organizations meet their emission targets. Carbon management software provides various direct benefits to businesses and organizations. These advantages include increased operational efficiency and operational competitiveness. Carbon management software systems can also help to reduce the commercial risks connected with climate change. Organizations and corporations are also better placed to ensure regulatory compliance with carbon software solutions. Carbon software solutions for monitoring carbon emissions may be divided into two types: those that monitor carbon emissions from direct sources only, and those that monitor carbon emissions from both direct and indirect sources.

A growing number of government policies and regulations are being implemented to limit the carbon footprint. Governments all around the world require enterprises to conform to GHG emission regulatory standards creating an opportunity for market players. This also involves watching, measuring, and tracking carbon emissions. The most important is the need to reduce businesses’ total costs. Because insight into energy use allows businesses to identify cost-saving options and reduce inefficiencies, which drives the carbon management software market during the forecast period. The report covered global as well as local market players with market strategies.

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Carbon Management Software Market Dynamics:
Carbon capture's potential is being embraced by heavy industries

Carbon capture can reduce overall environmental footprints for heavy-emitting industries including electricity, steel, cement, oil and gas, and chemicals by removing more than 90% of carbon dioxide emissions. Thanks to these large companies, achieving net-zero emissions. According to an MMR analysis, carbon capture is expected to contribute 27% of the required emissions reductions in the cement, iron, steel, and chemicals sectors, which increases carbon management software market demand.

Carbon capture is being adopted by heavy sectors as a feasible alternative to decarbonization, with over 100 new software installations planned was 2022. HeidelbergCement, a major cement company, is working on eight carbon capture management software plants throughout the world. Aramco, the world's largest oil firm, is building one of the world's largest carbon capture plants to help with hydrogen generation. ArcelorMittal, the largest steelmaker in the Americas and Europe, is using carbon capture as one of the levers in its multibillion-dollar investment agenda. All 3 companies have committed to achieving net-zero emissions by 2050.

Governments across the world are supporting the carbon management software market

Governments all over the world are pushing the control of carbon emissions by introducing various methods, such as national climate change plans, national sustainable development strategies, and national green growth strategies, among others, to preserve their sustainable goals. The National Green Growth Roadmap was published in 2009 in Cambodia, the National Green Technology Policy was published in 2009 in Malaysia, and the National Framework Strategy on Climate Change was published in 2010 and 2011 respectively in the Philippines. To control carbon emissions, several nations throughout the world are pursuing environmental sustainability strategies, which drive the carbon management software market. For example, the Chinese government strives for environmental sustainability through several policies and initiatives as the second-largest economy in the world.

Chinese President Xi Jinping declared on September 22, 2020, that China will enhance its Intended Nationally Determined Contributions by enacting more forceful policies and efforts during the General Debate of the United Nations General Assembly's 75th session. Additionally, it hopes to become carbon neutral by 2060, with the peak of CO2 emissions occurring in 2030. As a result, it is expected that during the forecast period, demand for carbon software management would significantly increase.

New technological advancement creates opportunities in Carbon Management Software Market

The goal of Advanced Carbon Management is to help organizations satisfy regulatory requirements. Organizations are proactively controlling carbon emissions through the use of carbon management software from various industries to maximize operational and financial advantages, which drives the carbon management software market. Carbon management also helps the compnay in enhancing its reputation. Furthermore, carbon management software assists enterprises at every level of their energy transition, from capturing greenhouse gas emissions to setting GHG Scope 1, 2, and 3 targets and benchmarks to total GHG emissions automation and carbon management reporting, which drive the carbon management software market.

A new set of technology-based solutions is successful in reducing the carbon footprint of a wide range of users. Year after year, global warming sets new temperature records, and human activities that emit greenhouse gases (GHG) are direct to effects. Current GHG emissions must be cut in half by 2030 and net-zero by 2050 tent zero global warming at a sub-catastrophic level. Carbon management software based on new technologies is rapidly commercializing to decarbtoconomy during the forecast period. Within one to three years, three potential environmental sustainability technologies cloud sustainability, carbon footprint monitoring, and advanced grid management software will become widely used. Technology and service providers focusing on the underlying technologies that will enable long-term commercial sustainability will have new possibilities as they move toward a net-zero future. According to MMR, Three new technologies, will have the biggest immediate effects on environmental sustainability management tools and create a new opportunity for carbon management software market players.
Carbon Management Software Market Segment Analysis:
Based on Type, the Carbon Management Software Market is segmented into Counts only direct CO2 from fuel, Count direct CO2, and indirect CO2. Count direct CO2 and indirect CO2 are expected to dominate the market with 12.31% of CAGR during the forecast period. The carbon footprint measures a company's greenhouse gas (GHG) emissions in tons. The greater the carbon footprint, the greater the detrimental influence on the climate. During manufacturing, transportation, or other commercial activities, companies emit GHGs such as carbon dioxide, methane, and hydrofluorocarbons into the atmosphere. A company's carbon footprint accounts for both direct and indirect GHG emissions. The Carbon Management Software market helps to calculate the carbon footprints and collect the data to calculate the carbon footprints Companies emit greenhouse gases through both direct and indirect operations, with indirect activities accounting for the vast majority of emissions thanks to these Carbon Management Software Market demand is increased.


Carbon Management Software Market Regional Insights:
North America held the largest market share with 11.93% CAGR in 2023. US is expected to dominate the carbon management software market with a 12.22% CAGR during the forecast period. To assist in the advancement of carbon management technology and infrastructure in the United States, the U.S. Department of Energy's Office of Fossil Energy and Carbon Management (FECM) produced two interactive resources: the Carbon Matchmaker Tool and the Carbon Management Interactive Diagram. Fossil Energy and Carbon Management are committed to promoting carbon management technologies in order to reach net-zero greenhouse gas emissions in an equitable and sustainable manner through strong public-private collaborations.

The Bipartisan Infrastructure Law (BIL) supports this mission by allocating more than $12 billion over the next five years for carbon management research, development, and demonstration (RD&D), which increases the demand for Carbon Management Software market demand. A more detailed analysis is covered in the
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Global Carbon Management Software Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 11610.23 Mn


Forecast Period 2024 to 2030 CAGR:
12.04%
Market Size in 2030:
US $ 25730.76 Mn


 Segments Covered:
by Software
Counts only direct CO2 from fuel
Count direct CO2 and indirect CO2


by Service
Consulting
Implementation
Outsourcing
Training and software support
Maintenance


by Application
Air Quality Management
Energy
Greenhouse Gas Management
Sustainability
Others



Carbon Management Software Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Carbon Management Software Market, Key Players are
1. Accenture
2. Carbonetworks
3. Enviance
4. Foresite Systems
5. Greenstone Carbon Management
6. Hara
7. IBM
8. SAP
9. Symantec
10. Advantage IQ
11. CA Technologies
12. ESS
13. Enablon
14. Enviance
15. CarbonView
16. HIS
17. Verisae
18. Green Oak Solutions
19. ProcessMAP
20. Camco
21. PE International
22. Schneider Electric.

Frequently Asked Questions:

1] What segments are covered in the Global Market report?
Ans. The segments covered in the Market report are based on Product,service, Applictaion and Region.

2] Which region is expected to hold the highest share in the Global Market?
Ans. The North America region is expected to hold the highest share in the Market.

3] What is the market size of the Global Market by 2030?
Ans. The market size of the Market by 2030 is expected to reach US$ 25730.76 Mn.

4] What is the forecast period for the Global Market?
Ans. The forecast period for the Market is 2024-2030

5] What was the market size of the Global Market in 2023?
Ans. The market size of the Market in 2023 was valued at 11610.23 Mn