The Asia Pacific ESG Reporting Software Market would witness market growth of 16.1% CAGR during the forecast period (2022-2028).
ESG investment has grown dramatically over the last several years due to the pressing need for organizations, institutions, and a wide variety of stakeholders to address key issues, including prejudice, environmental degradation, climate change, and social inequality. The market for ESG reporting software is expected to expand due to the forecasted expansion in the adoption and implementation of ESG investment solutions.
Financial institutions and businesses use ESG software to create survey questions and gather data to gather accurate and dependable ESG performance measures for investments and assets. ESG reporting and disclosure assist firms in gaining access to financial markets and obtaining the necessary permits to operate. Investors evaluate companies with better ESG performance more favorably than those with financial concerns due to environmental and other activities. By using ESG methods, organizations improve their resilience and overall performance. In addition, businesses could easily traverse the ESG realm since there were several market participants.
The Indian IT/ITeS sector has a dominant position worldwide, gradually boosting exports and opening more job possibilities. India's IT-BPM sector (excluding e-commerce) is anticipated to grow by 15.5% to reach USD 227 billion in FY2021–2022, with exports accounting for USD 178 billion (E). Significant job prospects have also been generated by the IT/software sector, which is predicted to employ 5.1 million professionals by FY 2021–2022, an increase of 4,45,000 workers (E). 36% (1.8 million) of the entire industrial workforce is made up of women.
The China market dominated the Asia Pacific ESG Reporting Software Market by Country in 2021; thereby, achieving a market value of $153.9 million by 2028. The Japan market is exhibiting a CAGR of 15.4% during (2022 - 2028). Additionally, The India market would witness a CAGR of 16.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Manufacturing, Retail & Consumer Goods, Government & Public Sector, Healthcare & Life Sciences, Energy & Utilities, and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide ESG Reporting Software Market is Projected to reach USD 1.8 Billion by 2028, at a CAGR of 15.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wolters Kluwer N.V., Nasdaq, Inc., Pricewaterhousecoopers LLP (PwC), Workiva, Inc., London Stock Exchange Group PLC (Refinitiv Company), Greenstone plus, Diligent Corporation, Sphera Solutions, Inc., Cority Software, Inc. (Thoma Bravo), Intelex Technologies, ULC (Industrial Scientific Corporation)
By Component
By Vertical
By Organization size
By Deployment Mode
By Country
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