According to a new report, published by KBV research, The Global Carbon Footprint Management Market size is expected to reach $33.7 billion by 2029, rising at a market growth of 21.0% CAGR during the forecast period.
The On-premise segment is showcasing of 18% during (2023 - 2029). On-premise deployment of carbon footprint management applications refers to the installation of the software and hardware infrastructure within a company's own physical location, rather than using cloud-based services. Depending on the industry, companies may be required to comply with certain regulations related to data storage and management. On-premise deployment can give companies greater control over their data, making it easier to comply with these regulations.
The Corporates/Enterprises segment is leading the Global Carbon Footprint Management Market by Organization Size in 2022 thereby, achieving a market value of $14.6 billion by 2029. Due to the size of their facilities and the rising demand from stakeholders, large businesses like corporate companies were among the first to implement carbon management solutions. As a result, numerous institutions and businesses are stepping up their conservation initiatives and progressively implementing policies that give them a thorough understanding of the dynamics and effects of greenhouse gases.
The Services segment has shown the growth rate of 22.6% during (2023 - 2029). Effective service delivery is crucial because it increases operational efficiency, system dependability, as well as cost savings for enterprises. The services segment includes consulting, deployment, integration, support, and maintenance. There is a requirement for qualified service providers because many businesses lack the technological know-how required to control their carbon footprints. In addition, the demand for services is expanding more quickly due to the pressure on businesses and organizations to implement solutions for managing their carbon footprints.
The Financial Services segment is poised to grow at a CAGR of 20.7% during (2023 - 2029). Due to the opportunities in sustainable finance products like sustainability-linked loans, sustainable investment funds, green & transition bonds, and insurance options, the financial services vertical of the carbon footprint management market is anticipated to grow. Overall, the BFSI (banking, financial services, & insurance) industries use a lot of IT. As a result, the GHG emissions produced by financial institutions' lending, investing, and underwriting activities are often more than their direct emissions.
The North America market dominated the Global Carbon Footprint Management Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $12.1 billion by 2029. The Europe market is exhibiting a CAGR of 20.8% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 21.9% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/carbon-footprint-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Schneider Electric SE, SAP SE, Salesforce, Inc., IBM Corporation, ENGIE, Intelex Technologies, ULC, IsoMetrix, Cority Software, Inc. (Thoma Bravo), Dakota Software Corporation and Locus Technologies.
By Deployment
By Organization Size
By Component
By Vertical
By Geography
Companies Profiled
Unique Offerings 
