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Pike Research: Federal Government Shows Aggressive Goals for Reducing Greenhouse Gas EmissionsJun 03, 2010 (Close-Up Media via COMTEX) -- Following President Obama's Executive Order 13514 and the mandatory reporting rule by the U.S. Department of Energy, the federal government also has very aggressive goals for reducing greenhouse gas (GHG) emissions, according to Pike Research. The research firm noted, that, according to a new report, these initiatives will create growth opportunities for carbon management software and services, and the cleantech market intelligence firm forecasts that the carbon management market in the U.S. federal government sector will increase from $36 million in 2010 to $294 million by 2017, representing a 46 percent compound annual growth rate (CAGR). "Energy efficiency and GHG emissions reduction are top priorities for the Obama Administration," says industry analyst Marianne Hedin. "These initiatives will fuel strong demand by federal agencies for carbon management tools and services, creating significant opportunities for software vendors and service providers." Hedin adds that government agencies will favor carbon management software in 2010, but in 2011 and beyond, services will capture an increasing portion of the market, with the services/software split reaching 60/40 by 2017. Pike Research's analysis indicates that the competitive landscape in this sector is a mixed picture. Niche players such as Enviance are competing with the country's largest technology and services companies including Accenture, CSC, Hewlett-Packard, IBM, Northrop Grumman, and SAIC. Hedin says that the most important competitive assets in this market are strong relationships that companies have built and nurtured over time with federal agencies. Pike Research's study, "Carbon Management in the U.S. Federal Government Sector", examines carbon management spending by federal agencies for external software solutions and services. The report analyzes trends, forecasts market size and growth prospects from 2008 through 2017, and assesses the competitive landscape including an analysis of software and service vendors in this rapidly evolving market. Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. ((Comments on this story may be sent to [email protected])) |