Emphasis on Type (Home Energy Management Systems, Building Energy Management Systems, And Industrial Management Systems); Deployment (Cloud and On-Premises); End-User (Automotive, Building Automation, Construction, Manufacturing, Oil and Gas, Pharmaceuticals, And Others); and Region/Country
The Global Sustainability & Energy Management Software Market is anticipated to grow with an elevated CAGR of around 11% over the forecast period (2021-2027). The global sustainability & energy management software market is growing on account of the increasing investments made by large organizations and governments across the globe for the advancements in technology for efficient use of the existing renewable and nonrenewable resources. Furthermore, the surge in environmental awareness and increase in concerns among organizations & individuals about global warming acts as the key driving forces of the global sustainability & energy management software market. Moreover, the growing carbon emissions globally are increasing at an alarming rate, for instance, global energy-related CO2 emissions remained at 31.5 GT, which contributed to CO2 reaching its highest ever average annual concentration in the atmosphere of 412.5 parts per million in 2020 – around 50% higher than when the industrial revolution began. These factors are expected to drive the market for sustainability & energy management software market.
Insights Presented in the Report
“Amongst type, industrial management systems segment holds the major share”
Based on type, the market is segmented into home energy management systems, building energy management systems, and industrial management systems. Industrial energy management systems are expected to achieve a significant CAGR during the forecast period. The growing adoption of sustainability & energy management software in industrial energy management systems can be attributed to the growing need for energy conversation for cost savings in the industries. Moreover, the majority of the energy consumption is done by industrial bodies/manufacturing bodies, which results in the generation of greenhouse gases causing carbon emissions..
“Amongst deployment, on-cloud segment holds the major share”
Based on deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to achieve a considerable CAGR during the forecast period. The growing demand for cloud services can be attributed to the cost-effectiveness of cloud services. As companies can eliminate unnecessary hardware or rigid on-premises assets and easily right-size computing resources according to their unique business requirements. Furthermore, the integration of cloud-based solutions and services helps organizations to reduce their operational cost significantly as they can be accessed from anywhere.
“Amongst end-user, manufacturing segment holds the major share”
Based on end-user, the market is segmented into automotive, building automation, construction, manufacturing, oil and gas, pharmaceuticals, and others. The manufacturing segment is expected to gain prominence during the forecast period. The growing demand for sustainability and energy management software in the manufacturing segment can be attributed to the growing volume of manufacturing that is needed to be done, to produce for the ever-growing global population, for instance, in the year manufacturing accounted for 76.6% of total U.S. environmental impact according to NIST’s manufacturing cost guide.
“North America represents one of the largest markets of Sustainability & Energy Management Software”
For a better understanding of the market dynamics of the sustainability & energy management software market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America held a prominent share of the global sustainability & energy management software market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading sustainability and energy management software providers and the integration of cloud and IoT with sustainability & energy management software market solutions. In addition, a surge in investments by key players as well as the government for developing advanced energy preservation technology and sustainability solutions fuels the growth of the market. In countries such as US and Canada, there are numerous government initiatives and investments, For instance, in 2020, the US government has committed a federal investment of USD 1.7 trillion in climate resilience and clean energy over the course of the next 10 years.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Sustainability & Energy Management Software Market Revenue (usd Bn), 2019-2027f
6. Market Insights By Type
7. Market Insights By Deployment
8. Market Insights By End-user
9. Market Insights By Region
10. Sustainability & Energy Management Software Market Dynamics
11. Sustainability & Energy Management Software Market Opportunities
12. Sustainability & Energy Management Software Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Global Sustainability & Energy Management Software Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global sustainability & energy management software market were the three major steps undertaken to create and analyze the adoption of the sustainability & energy management software market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Sustainability & energy management software market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Seek More Details About Research Methodology
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sustainability & energy management software market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sustainability & energy management software market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, deployment, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of sustainability & energy management software market across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sustainability & energy management software market. Further, we conducted factor analysis using dependent and independent variables such as type, deployment, and end-user. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sustainability & energy management software market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the sustainability & energy management software market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach were applied to arrive at the market forecast about 2028 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the sustainability & energy management software market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas as type, deployment, and end-user. of the sustainability & energy management software market.
The main objective of the sustainability & energy management software market Study
The current & future market trends of the sustainability & energy management software market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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