Gmi Research's blog : Carbon Footprint Management Market Size, Growth 2029

Carbon Footprint Management Market was valued at USD 9.5 billion in 2021, and forecast to touch USD 15.1 billion in 2029, growing at a CAGR of 6.0% from 2022-2029

The factors driving the growth of Carbon Footprint Management Market includes rising concerns related to carbon emissions and climate change, Government regulations related to carbon emissions, increasing number of environment related conferences such as COP2020 and improvements in the living standards. According to the report published by World Health Organization (WHO), between 2030 to 2050, climate change is estimated cause nearly 250,000 additional deaths per year due to malnutrition, malaria, diarrhea and heat stress and direct damage costs to health were calculated around USD 2–4 billion per year by 2030, which is pushing Governments worldwide to adopt carbon footprint management solutions. Moreover, rising adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Big Data across industry verticals to reduce carbon emissions, rise in the construction of green buildings across the globe and rapid urbanization, are some of the additional factors supplementing the Carbon Footprint Management Market size. In addition, the increasing investments by major corporations on research and developments, rise in the launch of innovative products and growing population growth rates, are further contributing towards the market growth.

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However, growth of the Carbon Footprint Management Market is hindered due to high maintenance costs of carbon footprint management solutions.

The leading players operating in the market are SAP SE, Enablon France SA, Trinity Consultants, Inc, Salesforce.com, Inc, EsNGIE SA, IsoMetrix Inc, Schneider Electric, Intelex Technologies, IBM Corporation and Trinity Consultants Inc., among others.

Based on Deployment Mode, the Cloud segment is predicted to grow at a significant CAGR during the forecast period

Organizations are adopting cloud-based solutions because it provides safety and security, scalability, speed and offers 24/7 service, are some of the factors pushing growth of the segment.

Based on Vertical, the Transportation and Logistics segment is projected to expand at a remarkable CAGR over the forecast period

Growing concerns related to climate change and global warming, are pushing the demand for carbon footprint management solutions in transportation and logistics industry.

Based on Region, the North American region is anticipated to capture the largest market share during the forecast period

As per the Carbon Footprint Management Market Forecast, presence of the leading players such as Trinity Consultants, Inc, Salesforce.com, Inc., and IBM Corporation, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Market Segmentation

Segmentation by Component

Solution
Services
- Consulting
- Integration and Deployment
- Support and Maintenance

Segmentation by Deployment Mode

Cloud
On-premises

Segmentation by Organization Size

SMEs
Large Enterprises

Segmentation by Vertical

Manufacturing
Energy and Utilities
Residential and Commercial Buildings
Transportation and Logistics
IT and Telecom

Segmentation by Region

Asia Pacific
- China
- Japan
- India
- Rest of APAC
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE

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