Carbon Footprint Management Market
Carbon Footprint Management Market Study by Solution and Services for Manufacturing, Energy & Utilities, Residential & Commercial Buildings, Logistics, and IT & Telecom from 2024 to 2034
Analysis of Carbon Footprint Management Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Carbon Footprint Management Market Outlook (2024 to 2034)
Increasing at a CAGR of 5.9%, the global carbon footprint management market is expected to jump from a size of US$ 11.4 billion in 2024 to US$ 20.3 billion by the end of 2034.
As governments tighten restrictions and curbs on high carbon emissions, the need for tracking carbon footprints and managing them is expected to rise. The increasing environmental concerns are further driving the need for emission monitoring systems in high-potential economies such as those in Latin America and South Asia & Pacific.
Worldwide growing concerns regarding carbon emission and their impact on the atmosphere and ozone layer is driving the respective governments around the world to adopt the latest technologies to prevent future risks and meet the allocated cap regulated from the respected authorities, fuelling the sales carbon footprint management software.
Key factors driving the carbon footprint management market growth are the rising demand for footprint platforms from industries and companies that need carbon footprint management software to adhere to carbon emission compliances. The respective governments and their caps on industries regarding carbon emission bounds are to limit their carbon emission up to some extent. Therefore, the demand for carbon emission control systems and carbon footprint management software is expected to rise which helps industries monitor their overall raw consumption and carbon emissions.
Another factor that is driving the sales of carbon footprint management software is the integration of the latest technology with these management platforms that enable real-time tracking and solution-based results, preventing the greenhouse gases from reaching the ozone layer. Industries are also focusing on implementing carbon footprint management software and tools to safeguard their own workforce as lung and heart-related diseases are also proliferating amongst workers that work in a high carbon emission industry. This software stores the data in the cloud that can be accessed and monitored through various devices and can also be controlled with the help of new industry practices and the adoption of green processes.
Environmental-based conferences that talk about limiting the carbon emission, preventing the ozone layer by controlling the emission of greenhouse gases, and spreading awareness among governments to put caps on multiple industries are also boosting the sales of carbon footprint management solutions. As the compliance schemes, respective government programs are leading private companies to focus on adopting new generation recycling platforms that is expected to boost the sales of voluntary carbon offset systems.
- North America is projected to hold 31.5% of the global carbon footprint management market share by 2034.
- The East Asian carbon footprint management market size is evaluated at US$ 2.7 billion in 2024.
| Report Attributes | Details |
|---|---|
| Carbon Footprint Management Market Size (2024E) | US$ 11.4 Billion |
| Forecasted Market Value (2034F) | US$ 20.3 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.9% CAGR |
| South Korea Market Value (2034F) | US$ 1.2 Billion |
| Key Companies Profiled |
|
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What’s Driving Adoption of Carbon Footprint Management Technologies?
“Sustainable Industrial Practices to Drive Need for Carbon Footprint Management Systems”
The latest carbon footprint management market trend is the paradigm shift to cloud computing and paperless economy that gives companies a healthy push to shift to paperless transactions. This is further driving the sales of carbon footprint management software that tracks the carbon emission graph.
Another market trend is that the respective governments in emerging economies such as China, India, and in the Middle East are offering several subsidies for industries using these methods and sustainable platforms to prevent the release of greenhouse gases (GHG) and other carbon dioxide gases. This enables governments to take action in the direction of implementing carbon footprint management software and other programs.
Some of these steps involve using tools and filtration caps in factories and industries to decrease carbon emissions. Before using these tools, the carbon footprint management software is used to determine the emission levels and document that data through cloud or on-premise deployment, pushing the overall sales of carbon footprint management software.
Which Obstacles are Lowering Demand for Carbon Footprint Management Systems?
“Lack of Strict Environmental Regulations in Some Regions”
Key challenge limiting the profits of carbon footprint management technology providers is the lack of willingness to adopt carbon emission systems that prevent high carbon and greenhouse gas emission from industries. Lack of environmental regulations in some economies to control carbon emissions is also hampering the market growth. Another reason that is restraining the sales of carbon footprint management technologies is the unavailability of a basic sustainable structure on which the ecosystem can be built.
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Would Niche Marketing Help Start-ups Grow in This Space?
“New Companies Finding Opportunities in Residential Settings”
Besides commercial and industrial sectors, new companies can cater to residential sector. The millennials nowadays increasingly prefer buying eco-friendly goods and gadgets to mitigate the carbon footprint. This is opening opportunities for start-ups to build carbon footprint management applications that aid individuals to reduce their household gadgets’ impact on ecosystem and incentivize them for eco-friendly activities.
- rvolt is a German start-up that promotes energy management through user centric approach. This company provides a mobile application that uses smart meters to calculate household carbon emission and analyze actual energy consumption. The app also provides real-time notifications to turn off home appliances for some specific duration.
Country-wise Analysis
Strict regulatory framework and increasing expenditure by respective governments on environmental initiatives is set to boost of carbon footprint management solution sales in North America and Europe. The increasing industrial activities in South Asia & Pacific and East Asia are set to boost the sales of carbon footprint management technologies during the next 10 years.
Why is the United States a Key Market for of Carbon Footprint Management Solution Providers?
“Substantial Efforts by Government to Mitigate Greenhouse Gas Emissions”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.7 Billion |
| Growth Rate (2024 to 2034) | 5.7% CAGR |
| Projected Value (2034F) | US$ 2.9 Billion |
Growing concerns over climate and the position as the global leader in the climate change race that enables the United States to invest huge amounts of money into R&D programs to find solutions are pushing the carbon footprint management market growth in the country.
- The Affordable Clean Energy (ACE) rule in the country issues regulations to mitigate GHG emissions and support energy diversity.
How Fast is Demand for of Carbon Footprint Management Systems Rising in Germany?
“Strict Environmental Laws and Initiatives to Push Adoption of Carbon Footprint Management Technologies”
The growing adoption of advanced solutions to reduce carbon emissions is driving the growth of the carbon footprint management market in Germany.
- Germany aims to become GHG neutral by 2045. The interim target to cut emissions by 2030 is at least 65% and 88% by 2040.
- The country’s first national climate law is further aiding the sales growth of carbon footprint management systems.
What Makes South Korea a Profitable Market for of Carbon Footprint Management Technology Suppliers?
“Increasing Industrial Activities to Create Ample Opportunities for Carbon Footprint Management Providers”
| Attribute | South Korea |
|---|---|
| Market Value (2024E) | US$ 600 Million |
| Growth Rate (2024 to 2034) | 7.4% CAGR |
| Projected Value (2034F) | US$ 1.2 Billion |
Ongoing industrial activities and smart city initiatives are opening profitable opportunities for carbon footprint management solution providers in South Korea
- In 2021, South Korea passed a Carbon Neutrality Bill and became the 14th country to follow carbon neutrality agenda. This bill is directing the government to focus on GHG emission and take effective initiatives to mitigate it.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Analysis
According to Fact.MR, a market research and competitive intelligence provider, the carbon footprint management solutions are estimated to hold 66% of the global market share in 2024.
What Component Type is Widely Popular in This Market?
“Easy Availability and Effectiveness in Mitigating GHG Emissions”
| Attribute | Carbon Footprint Management Solutions |
|---|---|
| Segment Value (2024E) | US$ 7.5 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 12.4 Billion |
The solution segment currently holds a major global market share. The factors driving the sales of carbon footprint management solutions are their easy implementation, better response, and accurate data tracking for small and large industries. Easy availability due to the active supply chain is another factor driving the carbon footprint management market share.
What’s Driving Cloud-based Carbon Footprint Management Solution Sales?
“Fast Data Transfer and Secured Storage Characteristics of Cloud-based Carbon Footprint Management Solutions”
| Attribute | Cloud-based |
|---|---|
| Segment Value (2024E) | US$ 6.9 Billion |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 11.8 Billion |
Cloud-based carbon footprint management systems are expected to exhibit increasing sales during the forecast period. Consumer demand for cloud-based solutions is driven by its characteristics to store data in enlarged space, fast data transfer, and secured storage. In the coming decade, the use of cloud deployment types is forecast to grow in proportion to the need for resilient data security.
Competitive Landscape
The carbon footprint management industry is dynamic and holds enough space for new players that focus on using cutting-edge technologies that provide accurate solutions to specific industries. The key players in the carbon footprint management market are focusing on mergers and collaborations to expand their market spaces and earn high profits.
- In 2019, ENGIE tied up with Accenture, Vlocity and Salesforce to provide zero carbon energy and services to its customers all around the world.
- In 2020, Salesforce introduced sustainability cloud that is a carbon accounting product for multiple industries and businesses.
Key Segments of Carbon Footprint Management Market Research
-
By Component :
- Solutions
- Services
-
By Deployment :
- Cloud
- On-premise
-
By Vertical :
- Manufacturing
- Energy & Utilities
- Residential & Commercial Buildings
- Transportation & Logistics
- IT & Telecom
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the carbon footprint management market?
The global carbon footprint management market is calculated at US$ 11.4 billion in 2024.
What is the forecasted carbon footprint management market size for 2034?
The market for carbon footprint management is projected to reach US$ 20.3 billion by 2034.
What is the future of carbon footprint management solutions?
Sales of carbon footprint management technologies are forecasted to increase at a CAGR of 5.9% from 2024 to 2034.
Which carbon footprint management component is gaining traction?
Carbon footprint management solutions are expected to hold 61% of the global market share by 2034.
What is the current value of the South Korea market?
The South Korea market is approximated at US$ 600 million in 2024.
Who are the leading producers of carbon footprint management systems?
Some of the leading market players are SAP, Dakota Software, Schneider Electric, and Salesforce.
Carbon Footprint Management Market
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