DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
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.
To reduce the carbon emissions and reach new levels of efficiency and accuracy, organizations need real-time visibility of the carbon footprint of their business operations. Hence, the demand for carbon footprint solution and services is increasing rapidly. The increasing government regulations and initiatives for reducing carbon emissions are expected to increased the demand for the carbon footprint solution in the near future.
Solution segment to lead the carbon footprint management market in 2020
The solution forecasts carbon emissions, simulates, and analyses organizations' carbon footprint scenarios. It also helps users forecast future emissions, the impact of these emissions on the company growth, thus increasing performance and improving decision-making through Greenhouse Gas (GHG) emissions baseline simulation. The software also runs simulations of different scenarios to anticipate the results of user efforts for reducing carbon emissions.
Integration and deployment services to lead the carbon footprint management market in 2020
Integration and deployment services include services related to the deployment of the solution, and integration with an organization's existing platforms. Different organizations have different platforms and the integration of an individual solution possesses challenges for the enterprise IT staff. Hence, integration and deployment services play an important role in providing the flawless delivery of the solution. This helps organizations obtain a fair idea about the functioning of the solution, which leads to the achievement of setting goals and objectives of an organization.
North America to lead the carbon footprint management market in 2020
Since the industrial revolution, CO2 emissions have increased dramatically, increasing global temperatures by over one-degree Celsius in comparison to pre-industrial times. According to Statista, in 2018, North America emitted approximately 6.03 billion metric tons of CO2. National governments and international organizations around the world have agreed to set a target of limiting global temperature increase to two degrees Celsius. According to the Carbon Dioxide Information Analysis Center (CDIAC), around 91% of current fossil fuels and CO2 emissions are from the US. The emissions from North America have reduced from 46.4% in 1950 to 20.5% in 2008. Per capita, regional emissions of North America have been consistently high and above those of any other region.
- Increase In Government Initiatives For Low Carbon Policies
- Initiatives By Corporates For Environment Sustainability
- Increasing Demand For Energy Consumption By Industries
- Strong Initiatives By Firms On Green Building Projects
- Lack Of Willingness To Adopt Carbon Emission Software Among Developing And Undeveloped Countries
- Adoption Of Advanced Technologies, Such As Ai, Iot, And Big Data, Across Industries
- Modernization Of Industry Infrastructure For Low Carbon Emission
- Lack Of Tailored Solutions To Address Unique Environmental Solutions
- Carbon Footprint
- Schneider Electric
- Trinity Consultants
- Dakota Software
- Carbon Ems
- Native Energy
- Locus Technologies
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