Insights Into The Sustainability And Energy Management Software Market’s Growth Opportunities Through 2023-2032 – Includes Sustainability And Energy Management Software Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing investments in EHS and sustainability software are expected to drive innovation in sustainability and energy management software manufacturing, thus driving the market during the forecast period.
The global sustainability and energy management software market is expected to grow from $1.45 billion in 2022 to $1.63 billion in 2023 at a compound annual growth rate (CAGR) of 12.35%. The sustainability and energy management software market is expected to grow to $2.52 billion in 2027 at a CAGR of 11.55%.
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Global Sustainability And Energy Management Software Market Segments Include:
- By Software: Cloud Based, On Premise
- By Module: Utility Data Management, Carbon Reporting And Management, Sustainability Reporting And Management, Energy Optimization, Facility And Asset Management, Compliance Management
- By End Use Application: Automotive, Building Automation, Oil And Gas, Manufacturing, Pharmaceutical, Utilities And Energy, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global sustainability and energy management software market in 2021.
Major Market Players in the sustainability and energy management software market include Accuvio, Ecova, Inc., Enablon, Envizi, Figbytes Inc., Gensuite LLC, IBM Corp., ICONICS, Inc., SAP SE, Schneider Electric.
Strategic partnerships are a key trend gaining popularity in the sustainability and energy management software market. Many companies operating in the sustainability and energy management software market are undergoing partnerships to strengthen their position in the sustainability and energy management software market. For instance, in April 2022, Samsung Electronics, a South Korea-based electronics company, partnered with ABB. This partnership aims to implement holistic energy management to save both residential and commercial buildings carbon emissions and energy costs. ABB is a Switzerland-based automation company providing energy management solutions. Further, in October 2021, SPIE, a Europe-based provider of multi-technical services in the fields of communications and energy, partnered with Siemens Energy. This partnership aims to support the energy company along its path toward a climate-neutral future with efficient, sustainable, and digital solutions. Siemens Energy is a Germany-based energy company providing energy management solutions.
The Sustainability And Energy Management Software Global Market Report 2023 provides a sustainability and energy management software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The sustainability and energy management software market forecast analyzes sustainability and energy management software market size, sustainability and energy management software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Sustainability management software refers to a database of information relating to the use of energy, resources, financial data, and other critical factors that assist businesses in making their operations more sustainable and efficient. Enterprises use sustainability management software solutions to improve their energy and sustainability business performance through automated data management, analysis, and reporting.
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