According to a new market research report "Carbon Footprint Management
Market by Software, Service
(Professional and Managed), Deployment (On-Premises and On-Demand), Vertical
(Telecom and IT, Manufacturing, Commercial Building, Transportation and
Utilities), and Region - Global Forecast to 2021", published by
MarketsandMarkets, the market size is expected to grow from USD 7.76 Billion in 2016 to USD 12.94 Billion by 2021, at a Compound Annual Growth
Rate (CAGR) of 10.8% during the period 2016-2021.
Browse 92 market data Tables and 29 Figures spread
through 152 Pages and in-depth
TOC on "Carbon Footprint
Management Market"
Early buyers will receive 10% customization on this report.
The
major drivers for the upsurge in demand for the carbon footprint management
technology are mandatory regulations & carbon footprint management
policies, increasing concern for reducing carbon footprints, enterprise
sustainability & CSR programs, and increasing cost & demand for the
primary energy sources.
"Service market is estimated to dominate the Carbon Footprint Management Market share during the forecast period."
The
services segment is estimated to have the largest market share in the Carbon
Footprint Management Market. The organizations focus on offering specialized
services to achieve greater customer experience, achieving operation efficiency
at a reduced cost and time is driving the demand for Carbon Footprint Management
Market services across the globe. The Carbon Footprint Management Market is
growing at an exponential rate since most of the players are focusing on
providing specialized services for the Carbon Footprint Management Market.
Rapid growing demand for cloud services, data center services, network
services, and its reliable and efficient integration are some of the other
drivers impacting the services market.
"Manufacturing,
transportation and commercial buildings are expected to grow at high CAGRs
during the forecast period. "
The Carbon Footprint Management Market is witnessing a potential growth in
the manufacturing industries across various regions owing to the increase in
the adoption of carbon footprint management strategies and regulatory
frameworks. Moreover, transportation and commercial buildings sectors have been
early adopters of carbon footprint management-based technologies to manage the
carbon emission levels.
The
key innovators in this market are Schneider Electric SE, Enablon SA, IHS
Markit, Ecova, FirstCarbon Solutions, Enviance, Verisae, Thinkstep, processMAP,
and Greenstone+.
"North America is the leading region in terms of market share in the Carbon Footprint Management Market space."
North America is expected to hold the largest market share and dominate
the Carbon Footprint Management Market in 2016. The government has been
actively making efforts to limit emissions of Greenhouse Gases (GHG) and most
of the corporates are undertaking long term initiatives to reduce carbon
footprint and achieve sustainability. This has pushed the Carbon Footprint
Management Market toward the growth phase.
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