Carbon Footprint Management Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Carbon Footprint Management Market is expected to grow at a significant rate of around 7% during the forecast period.  Carbon footprint management is considered as the total amount of greenhouse gases (including methane and carbon dioxide) that are generated by our actions. It also includes the total greenhouse gas (GHG) emissions in a direct or indirect way by an entity or individual, energy, transport, food, and manufacturing among others. The rise in greenhouse gas emissions across the different industries requires different software tools to optimize the emission of greenhouse gas. The government norms towards the reduction of greenhouse across the industries and individuals will grow the market size of the carbon footprint management in the coming time. The rising global temperature and Paris agreement among the countries will force the countries to implement optimized solutions to reduce the carbon emission and greenhouse emissions gas and therefore increase the market size in the forecast period.  For instance, in 2020, Carbon footprint Limited launched a carbon calculator to track the carbon emission by individuals and by small and medium enterprises. Also, the green new deal was drafted by the US for one hundred percent clean as well as renewable energy utilization by 2030. The carbon footprint management market is expected to increase in the coming time due to the rising awareness of global warming across the globe and favorable government policies toward carbon emission.

ENGIE, IBM, Schneider Electric, Carbon Footprint Ltd, SAP, Dakota Software, ISOMETRIX, Salesforce, ProcessMAP, and Wolters Kluwer N.V. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst deployment, cloud category to witness robust CAGR during the forecast period”

Based on deployment, the market is segmented into on-premises and cloud. The cloud segment is expected to show a higher CAGR compared to the on-premises due to the lower cost of operation along with the easy installation, greater control over data, easy maintenance, and better scalability. Along with this, the other benefits offered by the cloud system are easy modification, round-the-clock service, easy monitoring, and flexible government norm for the implementation of the cloud system.

“Amongst vertical, the energy and utilities category to hold a significant share in the market during the forecast period”

Based on the vertical, the carbon footprint management market is segmented into energy & utilities, transportation, manufacturing, building & construction, and others. The energy & utility segment is expected to show a significant position in the market during the forecast period due to the increasing demand for energy across the globe for energy security, strategic reserves, heating purpose, industrial, and commercial purposes along with others.  As these industries consume higher amounts of fuel to produce refined and finished products and require better tools to keep track of the carbon emission and ways to reduce them. The increasing offshore exploration and unconventional exploration activities will grow the carbon footprint management market across the energy and utility verticals.

“North America to hold a significant share in the market”

North America accounted for the highest market share in the market for the year 2021 and is expected to remain the same during the forecast period owing to the increasing investment and implementation of IoT, ML and AI in the carbon footprint management industry. The strict policies by the government to reduce the carbon footprint and to achieve net zero pathway will also propel the industry in the North America. Additionally, the discoveries of the new oil field and boom in shale oil and gas field exploration are requiring more attention for the carbon footprint management in the region and expecting to show positive inclination for the carbon footprint management. For instance, according to the USGS (United States Geological Survey), there are over 280 trillion cubic feet of gas and 46 billion barrels of oil, and 20 billion barrels of natural gas are trapped under the low-permeability shale formations of the US and the exploration activities of these field will require carbon management up to large extent

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global carbon footprint management market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Carbon Footprint Management Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global carbon footprint management market were the three major steps undertaken to create and analyze the adoption of the carbon footprint management 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 carbon footprint management 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 of the industry pertains to. Detailed methodology is explained below:

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 carbon footprint management market through company internal sources such as annual reports & 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 carbon footprint management 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 deployment, service, and vertical. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

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 carbon footprint management market. Further, we conducted factor analysis using dependent and independent variables such as various deployment, services, and; verticals of the carbon footprint management market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the carbon footprint management 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 global carbon footprint management 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., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the carbon footprint management market across the major markets domestically.
• All percentage shares, splits, and breakdowns of market segments and sub-segments.
• Key players in the global carbon footprint management market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

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

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global carbon footprint management market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of deployment, service, and vertical in the global carbon footprint management market.

The main objective of the Global Carbon Footprint Management Market Study

The current & future market trends of the global carbon footprint management 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 from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the carbon footprint management market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of deployment, service, and vertical.
• Define and analysis of the regulatory framework for the carbon footprint management market
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the carbon footprint management market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the carbon footprint management market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team