According to a new report, published by KBV research, The Global Carbon Accounting Software Market size is expected to reach $74.4 billion by 2031, rising at a market growth of 21.8% CAGR during the forecast period.
Solutions are being developed to address the challenges of informal economies in emerging markets. This includes features that simplify data collection and reporting for smaller, less formal businesses. Carbon accounting software in emerging markets increasingly offers flexible features that cater to the diverse range of industries and sectors in these regions, from agriculture to manufacturing.
The Cloud segment is registering a CAGR of 22 % during the forecast period. Cloud solutions offer the ability to scale resources up or down based on the organization's needs. This is particularly useful for carbon accounting software, which may need to handle varying volumes of data, especially during peak reporting periods.
The Large Enterprises segment led the Global Carbon Accounting Software Market by Enterprise Size in 2023; thereby, achieving a market value of $49.7 billion by 2031. The energy and utilities sector is the largest contributor to global carbon emissions due to the combustion of fossil fuels for power generation, energy production, and heating. Accurate carbon accounting is essential for managing and reducing these significant emissions.
The Energy & Utilities segment is growing at a CAGR of 19.2 % during the forecast period. The energy and utilities sector is the largest contributor to global carbon emissions due to the combustion of fossil fuels for power generation, energy production, and heating. Accurate carbon accounting is essential for managing and reducing these significant emissions.
Full Report: https://www.kbvresearch.com/carbon-accounting-software-market/
The North America segment dominated the Global Carbon Accounting Software Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $28.9 billion by 2031. The Europe market is anticipated to grow at a CAGR of 21.3% during (2024 - 2031). Additionally, The Asia Pacific market would witness a CAGR of 22.7% during (2024 - 2031).
By Deployment
By Enterprise Size
By End-use
Unique Offerings 
