Carbon Management Software Market: Global Industry Analysis and Forecast (2021-2029) Trends, Statistics, Dynamics, Segmentation by Type, Application, and Region

Carbon Management Software Market size was valued at USD 9249 Mn. in 2021 and the total Graphene Battery revenue is expected to grow by 12.04 % from 2022 to 2029, reaching nearly USD 23562.71 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 2021. 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 2021. 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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Carbon Management Software Market


Base Year
2021
Forecast Period
2022-2029


Historical Data
CAGR
Market Size in 2021
Market Size in 2029


2017 to 2021
12.04%
USD 9249 Mn
USD 23562.71 Mn


Segments Covered


by Software
• Counts only direct CO2 from fuel
• Count direct CO2 and indirect CO2
by Basis of Service
• Consulting
• Implementation
• Outsourcing
• Training and software support
• Maintenance
by Application
• Air Quality Management
• Energy
• Greenhouse Gas Management
• Sustainability
• Others


Regions Covered


North America
• United States
• Canada
• Mexico
Europe
• UK
• France
• Germany
• Italy
• Spain
• Sweden
• Austria
• Rest of Europe
Asia Pacific
• China
• S Korea
• Japan
• India
• Australia
• Indonesia
• Malaysia
• Vietnam
• Taiwan
• Bangladesh
• Pakistan
• Rest of APAC
Middle East and Africa
• South Africa
• GCC
• Egypt
• Nigeria
• Rest of ME&A
South America
• Brazil
• Argentina
• Rest of South America



Carbon Management Software Market by Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East and Africa
Carbon Management Software Market Key Players
• Accenture
• Carbonetworks
• Enviance
• Foresite Systems
• Greenstone Carbon Management
• Hara
• IBM
• SAP
• Symantec
• Advantage IQ
• CA Technologies
• ESS
• Enablon
• Enviance
• CarbonView
• HIS
• Verisae
• Green Oak Solutions
• ProcessMAP
• Camco
• PE International
• Schneider Electric.

Frequently Asked Questions:

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

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

3] What is the market size of the Global Carbon Management Software Market by 2029?
Ans. The market size of the Carbon Management Software Market by 2029 is expected to reach US$ 23562.71 Mn.

4] What is the forecast period for the Global Carbon Management Software Market?
Ans. The forecast period for the Carbon Management Software Market is 2021-2029.

5] What was the market size of the Global Carbon Management Software Market in 2021?
Ans. The market size of the Carbon Management Software Market in 2021 was valued at 9249 Mn