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Carbon Footprint Management Market

Carbon Footprint Management Market Forecasts to 2028 – Global Analysis By Component (Solution, Services), End User (Energy and Utilities, Building & Construction, Transportation and Logistics) and By Geography

4.2 (59 reviews)
Published: March 2022 ID: SMRC19035
4.2 (59 reviews)
Published: March 2022 ID: SMRC19035

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Carbon Footprint Management Market is accounted for $9.56 billion in 2021 and is expected to reach $16.59 billion by 2028 growing at a CAGR of 8.2% during the forecast period. A carbon footprint a significant measure of the environmental impact of carbon dioxide and methane’s contributing factors to man-made climate change in the form of greenhouse gases, also referred to as global warming. Carbon footprint management is the measured output units of carbon dioxide (CO2) and methane (CH4) for a particular individual, product, practice or organization as it applies to environmental impact. Carbon footprint is expressed in metric tons per year.

Market Dynamics:

Driver:

Growing adoption of environment sustainability among corporates


Corporates make a substantial contribution to the Global Greenhouse Gas (GHG) emissions, thus providing effective measures for the carbon footprint management. Many companies adopt GHG reduction policies to monitor & measure their emissions, to assign responsibility for emissions to managers, and to report these actions & outcomes to stakeholders. The organizations also act on information pertaining to senior management responsibilities for climate change, climate change risk management strategies, climate change policies, actions directed to reduce GHG emissions, capital investments & payback periods, objectives & targets, and GHG emission calculation methodologies & assumptions. In addition, many large-scale organizations collaborate with companies, which can help them to reduce carbon footprint to maintain their CSR activities, thus driving the growth of the carbon footprint management market.

Restraint:

Lack of willingness of growing economies


Lack of willingness to adopt carbon emission solutions in undeveloped & developing countries is a major factor restraining the growth of the market. The large capital requirement is often the main reason for this unwillingness.

Opportunity:

Adoption of advanced technologies


Modern industrialization for low carbon emission and adoption of advanced technologies, such as Internet of Things, artificial intelligence, and big data, provide lucrative opportunities for the carbon footprint management market.

Threat:

High cost of infrastructure replacement


High costs involved in replacement of existing infrastructure to replace with green technology would hinder the growth of the market. Infrastructure varies in every organization, thus making it complicated to choose an appropriate tool to replace the already-built infrastructure with a greener one. As this requires heavy investments and skilled expertise, to replace an already-built infrastructure with sustainable carbon footprint can incur high cost of installation, thereby challenging the growth of the carbon footprint management market.

The cloud/on-demand segment is expected to be the largest during the forecast period

The cloud deployment mode offers better control of the data, along with the reduced risk of data loss and concerns related to regulatory compliance. Owing to these benefits, several enterprises are opting for cloud-based solutions to ensure safety and security. Organizations are increasingly deploying cloud-based solutions depending on the businesses’ needs and user requirements. The cloud deployment mode offers benefits, such as increased scalability, speed, 24/7 service, and enhanced IT security.

The energy and utilities segment is expected to have the highest CAGR during the forecast period

The energy consumption has increased globally at a significant growth rate from last few years. The drivers for the increment are robust global economy and higher heating and cooling needs across few parts of the world. The demand for fossil fuels, natural gas, solar, and wind energy has seen a double-digit growth in the last few years. Owing to a higher electricity demand, energy needs also witnessed a surge. As a consequence, CO2 is rising due to the high-energy consumption.

Region with largest share:

North America is projected to hold the largest market share owing to the high per capita emissions of the region. According to Carbon Dioxide Information Analysis Center (CDIAC), around 91% of current fossil fuels and CO2 emissions are from the US.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR due to the high demand for coal in the region. The use of coal is among the many issues dividing advanced and developing countries as they seek to limit the damage on the environment.

Key players in the market

Some of the key players profiled in the Carbon Footprint Management Market include IBM, Schneider Electric SE, Intelex, IHS Markit Ltd, Firstcarbon Solutions, Carbon Footprint, Processmap Corporation, Salesforce, Ecova, Inc, Verisae, Inc, Enablon SA, Isometrix, Enviance, Inc, Engie, and Thinkstep AG .

Key developments:

In January 2020: IsoMetrix and Laragon partnered to develop the European market and support the Latin American expansion. This expansion offers a combined approach of expertise and technology to their customers.

In November 2019: Engie partnered with Accenture, Salesforce, and Vlocity for providing low-carbon energy and services to help ENGIE’s customers around the world achieve a zero carbon future.

In September 2019: Salesforce announced Sustainability Cloud, a carbon accounting product for businesses to drive climate action that will accelerate the world’s efforts towards carbon neutrality. With Salesforce Sustainability Cloud, businesses now have a trusted sustainability platform that gives them a 360-degree view of their environmental impact and provides data-driven insights to make change the planet will notice.

Deployment Modes Covered:
• On-Premises 
• Cloud/On-Demand

Components Covered:
• Solution
• Services

Types Covered:
• Product Focused Carbon Footprint
• Corporate Carbon Footprint

Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises 

End Users Covered:
• Energy and Utilities
• Building & Construction
• Transportation and Logistics
• Banking, Financial Services and Insurance (BFSI)
• Information Technology (IT) and Telecom
• Electronic and Consumer Goods
• Oil & Gas
• Retail
• Manufacturing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface      

 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities    
 3.5 Threats     
 3.6 End User Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes    
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Carbon Footprint Management Market, By Deployment Mode
 5.1 Introduction    
 5.2 On-Premises      
 5.3 Cloud/On-Demand     
       
6 Global Carbon Footprint Management Market, By Component 
 6.1 Introduction    
 6.2 Solution     
 6.3 Services     
  6.3.1 Managed Services    
  6.3.2 Professional Services   
   6.3.2.1 Integration and Deployment   
   6.3.2.2 Support and Maintenance  
   6.3.2.3 Consulting    
       
7 Global Carbon Footprint Management Market, By Type 
 7.1 Introduction    
 7.2 Product Focused Carbon Footprint  
 7.3 Corporate Carbon Footprint   
       
8 Global Carbon Footprint Management Market, By Organization Size
 8.1 Introduction    
 8.2 Small and Medium-Sized Enterprises  
 8.3 Large Enterprises      
       
9 Global Carbon Footprint Management Market, By End User 
 9.1 Introduction    
 9.2 Energy and Utilities    
 9.3 Building & Construction   
 9.4 Transportation and Logistics   
 9.5 Banking, Financial Services and Insurance (BFSI) 
 9.6 Information Technology (IT) and Telecom  
 9.7 Electronic and Consumer Goods   
 9.8 Oil & Gas     
 9.9 Retail     
 9.10 Manufacturing    
  9.10.1 Food and Beverages   
  9.10.2 Automotive   
  9.10.3 Metals and Mining   
  9.10.4 Pharmaceutical and Healthcare  
  9.10.5 Chemical and Materials  
       
10 Global Carbon Footprint Management Market, By Geography 
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina    
  10.5.2 Brazil     
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
       
12 Company Profiling     
 12.1 IBM     
 12.2 Schneider Electric SE    
 12.3 Intelex     
 12.4 IHS Markit Ltd    
 12.5 Firstcarbon Solutions    
 12.6 Carbon Footprint     
 12.7 Processmap Corporation   
 12.8 Salesforce    
 12.9 Ecova, Inc      
 12.10 Verisae, Inc    
 12.11 Enablon SA    
 12.12 Isometrix     
 12.13 Enviance, Inc    
 12.14 Engie     
 12.15 Thinkstep AG    


List of Tables      
1 Global Carbon Footprint Management Market Outlook, By Region (2020-2028) ($MN)
2 Global Carbon Footprint Management Market Outlook, By Deployment Mode (2020-2028) ($MN)
3 Global Carbon Footprint Management Market Outlook, By On-Premises (2020-2028) ($MN)
4 Global Carbon Footprint Management Market Outlook, By Cloud/On-Demand (2020-2028) ($MN)
5 Global Carbon Footprint Management Market Outlook, By Component (2020-2028) ($MN)
6 Global Carbon Footprint Management Market Outlook, By Solution (2020-2028) ($MN)
7 Global Carbon Footprint Management Market Outlook, By Services (2020-2028) ($MN)
8 Global Carbon Footprint Management Market Outlook, By Managed Services (2020-2028) ($MN)
9 Global Carbon Footprint Management Market Outlook, By Professional Services (2020-2028) ($MN)
10 Global Carbon Footprint Management Market Outlook, By Type (2020-2028) ($MN)
11 Global Carbon Footprint Management Market Outlook, By Product Focused Carbon Footprint (2020-2028) ($MN)
12 Global Carbon Footprint Management Market Outlook, By Corporate Carbon Footprint (2020-2028) ($MN)
13 Global Carbon Footprint Management Market Outlook, By Organization Size (2020-2028) ($MN)
14 Global Carbon Footprint Management Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
15 Global Carbon Footprint Management Market Outlook, By Large Enterprises (2020-2028) ($MN)
16 Global Carbon Footprint Management Market Outlook, By End User (2020-2028) ($MN)
17 Global Carbon Footprint Management Market Outlook, By Energy and Utilities (2020-2028) ($MN)
18 Global Carbon Footprint Management Market Outlook, By Building & Construction (2020-2028) ($MN)
19 Global Carbon Footprint Management Market Outlook, By Transportation and Logistics (2020-2028) ($MN)
20 Global Carbon Footprint Management Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
21 Global Carbon Footprint Management Market Outlook, By Information Technology (IT) and Telecom (2020-2028) ($MN)
22 Global Carbon Footprint Management Market Outlook, By Electronic and Consumer Goods (2020-2028) ($MN)
23 Global Carbon Footprint Management Market Outlook, By Oil & Gas (2020-2028) ($MN)
24 Global Carbon Footprint Management Market Outlook, By Retail (2020-2028) ($MN)
25 Global Carbon Footprint Management Market Outlook, By Manufacturing (2020-2028) ($MN)
26 Global Carbon Footprint Management Market Outlook, By Food and Beverages (2020-2028) ($MN)
27 Global Carbon Footprint Management Market Outlook, By Automotive (2020-2028) ($MN)
28 Global Carbon Footprint Management Market Outlook, By Metals and Mining (2020-2028) ($MN)
29 Global Carbon Footprint Management Market Outlook, By Pharmaceutical and Healthcare (2020-2028) ($MN)
30 Global Carbon Footprint Management Market Outlook, By Chemical and Materials (2020-2028) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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