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Global Carbon and Energy Management Software Market - Drivers and Forecast from TechnavioTechnavio analysts forecast the global carbon and energy management software market to grow to USD 48.49 billion by 2021, at a CAGR of close to 12% over the forecast period, according to their latest report. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170328005415/en/ 
Technavio has announced the release of their 'Global Carbon and Energy Management Software Market 2017-2021' report. (Graphic: Business Wire) The research study by Technavio on the global carbon and energy management software market for 2017-2021 provides detailed industry analysis based on deployment (Cloud-based and on-premises), end-user (power and utilities, oil and gas, industrial, and enterprise), and geography (the Americas, EMEA, and APAC).
Looking for more research on this report? Request a free sample report Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio analysts highlight the following three factors that are contributing to the growth of the global carbon and energy management software market:
Digital transformation and automation of energy sector "Digitization of the energy sector in developed nations, such as the US and Singapore, has created a high demand for IT solutions. Digitization is a key enabler of IT spending, which drives the carbon and energy management software market," says Amrita Choudhury, a lead analyst at Technavio for enterprise application research. Modernization of the energy sector has increased the adoption of energy analytics and Internet of Things (IoT) to reduce the energy consumption. This is expected to create new demand for smart connected devices, which in turn drives the carbon and energy management software market. Increase in solar energy investments The rising need for energy is resulting in the increasing adoption of green energy solutions such as solar and wind energy. The drop-in installation costs of solar energy plants has resulted in their increased adoption in countries such as Qatar, Saudi Arabia, Bahrain, Algeria, Egypt, Morocco, Libya, Jordan, Syria, Iraq, the UAE, and Kuwait. End users of these renewable energy plants are aggressively integrating carbon and energy software into their systems to help them manage, track, and optimize resources effectively. Adherence to compliance and regulations "The oil and gas industry is controlled by many government and industry regulations and guidelines. Such compliance is possible only with the successful implementation of many aspects of IT such as carbon and energy management software in the oil and gas industry," says Amrita. The oil and gas industry in the UK is regulated by a number of statutory bodies such as the Environment Agency (EA) in England, Department of Energy and Climate Change (DECC), Natural Resources Wales (NRW) in Wales, Health and Safety Executive (HSE), and the Scottish Environment Protection Agency (SEPA) in Scotland. Browse Related Reports:
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