The global carbon footprint management market size is expected to grow from USD 9.0 billion in 2020 to USD 12.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. Companies are increasingly adopting the carbon footprint management software across verticals due to the need for adhering to carbon emission compliances. This has increased the demand for carbon footprint management software across industries. The increasing government initiatives across the world are expected to boost the growth of the carbon footprint management market.
The major carbon footprint management market vendors include Carbon Footprint (England), Salesforce (US), ENGIE (France), IsoMetrix (South Africa), Schneider Electric (France), Intelex (Canada), IBM (US), SAP (Germany), Enablon (France), Trinity Consultants (US), Dakota Software (US), Envirosoft (Canada), Enviance (US), ProcessMAP (US), Accuvio (Ireland), Carbon EMS (New Zealand), Native Energy (US), EnergyCAP (US), Locus Technologies (US), Ecotrack (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; and new product launches, to further expand their presence in the global carbon footprint management market. New product launches, agreements, and collaborations have been the most adopted strategies by major players from 2018 to 2020, which helped them innovate their offerings and broaden their customer base.
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Carbon Footprint (England) is one of the leading providers of carbon footprint management software and services. It is specialized in carbon emission assessments, life cycle analysis, environmental strategy/planning, carbon/energy reduction, and carbon offsetting as well as commercialization/marketing of credentials. The company offers software solutions, such as Carbon Footprint Software and Carbon Tracking Software. It provides the following services: Carbon Footprinting, Assurance, Compliance and Legal Requirement, Product Footprint, and other sustainability services. The company’s Carbon Footprint software is an ideal tool to help raise awareness, measure emissions, reduce costs, and engage staff of enterprises for carbon management programs. The company’s Carbon Footprint software has over 1,000,000 users worldwide.
Salesforce (US) is one of the providers of sales and Customer Relationship Management (CRM) applications and platforms. Its focus is on providing its CRM solutions to sales, service, marketing, and IT. In the carbon footprint management market, Salesforce offers a Sustainability Cloud solution. This solution enables businesses to quickly track, analyze, and report reliable environmental data to help them reduce their carbon emissions. A company’s carbon footprint data is visualized in dynamic reports and dashboards both for audit purposes and for executive engagement with insights that empower businesses to drive climate action programs at scale. Sustainability Cloud is built on Salesforce’ CRM platform and uses global reference data for the calculation of enterprises’ carbon emissions; it can be accessed from any device.
Carbon Footprint Management Market by Component (Solution and Services), Service (Consulting, and Integration and Deployment), Vertical (Manufacturing, Energy and Utilities, and Transportation and Logistics), and Region - Global Forecast to 2025
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