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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