Carbon accounting software market size to grow by USD 9.61 billion from 2021 to 2026: CarbonetiX and Epicor Software Corp. among key vendors - Technavio

NEW YORK, March 27, 2023 /PRNewswire/ -- The global carbon accounting software market size is estimated to increase by USD 9.61 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 28.66%. A few prominent vendors that offer carbon accounting software are Benchmark Digital Partners LLC, Carbon Analytics Ltd., CarbonetiX, Energy Solution Providers Ltd, ENGIE SA, Epicor Software Corp, Greenstep Oy, Intelex Technologies, Lisam Systems SA, Locus Technologies, NativeEnergy, ProcessMAP Corp., SAP SE, SIERRA ODC Pvt. Ltd., Simble Solutions Ltd., Sphera Solutions Inc., and Wolters Kluwer NV. Discover some insights about the market before buying the full report - Request a sample report

Carbon accounting software market – Vendor analysis
Vendor Landscape –

The global carbon accounting software market is fragmented, with the presence of several international and regional vendors. There are several growth opportunities for vendors, especially due to the growing demand for environmental sustainability and lowering emission levels globally. Vendors are adopting strategies such as collaborations and M&A to increase their market share and gain a competitive advantage. They differentiate themselves based on factors such as service quality and innovation.

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Vendor offerings -

• CarbonetiX - The company offers automated business carbon footprint assessment. It also offers products such as end-use energy analysis & reporting, voltage optimization and power factor correction, carbon accounting software, lighting solutions, carbon offsets, refrigerant de-fouling, solar solutions, energy-efficient fans, and automatic utility bill processing.
• Epicor Software Corp. - The company offers automated business carbon footprint assessment, which manages all emissions factors and provides automated integrations with common suppliers to reduce the time taken to load emissions data.
• Greenstep Oy - The company offers carbon accounting software under the Sustainability brand.
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Carbon accounting software market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (telecommunication, oil and gas, technology, power and utilities, and others).

• The telecommunication segment will account for a significant share of the market growth during the forecast period. Telecom companies deploy carbon accounting software to monitor their carbon emissions and reduce their operational costs. Components that are responsible for carbon emissions in the telecom sector include antennas, feeders, cables, and other transmission equipment. In addition, passive components, such as telecom towers, sites, and others are responsible for carbon emissions.

Geography Overview
Based on geography, the global carbon accounting software market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global carbon accounting software market.

• North America will account for 37% of the market's growth during the forecast period. The US is a key contributor to the carbon accounting software market in the region. Market growth in this region will be faster than in Europe and South America. Concerns about increasing CO₂ emissions will drive the carbon accounting software market growth in North America during the forecast period.

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Carbon accounting software market – Market dynamics

Leading drivers - The need to reduce the overall costs incurred by enterprises is driving market growth. Carbon accounting software provides visibility of energy usage, which enables enterprises to identify appropriate cost-saving opportunities. The use of such software can help enterprises identify energy-intensive business activities, which can help reduce the use of energy. Enterprises can address inefficiencies and find ways to lower direct energy costs with the help of such software, which reduces the overall cost incurred by enterprises. Carbon accounting software also provides end-user enterprises with details about overall energy consumption patterns during a certain period. Such factors are expected to fuel the growth of the global carbon accounting software market during the forecast period.

Key trends - The increasing government initiatives and regulations to reduce carbon emissions is a key trend in the market. Governments of various countries are taking initiatives to reduce GHG emissions. This can be achieved by formulating energy-related rules and regulations. Organizations should adhere to GHG emission regulations by measuring and monitoring the levels of emissions. Non-compliance with such regulations can have a negative financial impact. The increasing demand for energy-efficient products is also compelling companies to use carbon accounting software. These factors are expected to support the growth of the global carbon accounting software market during the forecast period.

Major challenges - The difficulty in capturing energy usage data will challenge market growth during the forecast period. Collecting data about energy usage is critical for environmental sustainability. Most organizations rarely track their energy usage. Moreover, the calculation of carbon emissions involves tracking utility invoices for multiple buildings. It is challenging and time-consuming to estimate the use of energy by equipment such as chillers, trucks, fleet, remote offices, and generators. These factors will impede the growth of the global carbon accounting software market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this carbon accounting software market report?

• CAGR of the market during the forecast period
• Detailed information about factors that will drive the growth of the carbon accounting software market between 2022 and 2026
• Precise estimation of the size of the carbon accounting software market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the carbon accounting software market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of carbon accounting software market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Telecommunication - Market size and forecast 2021-2026
• Exhibit 28: Chart on Telecommunication - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Telecommunication - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Telecommunication - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Telecommunication - Year-over-year growth 2021-2026 (%)

• 5.4 Oil and gas - Market size and forecast 2021-2026
• Exhibit 32: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)

• 5.5 Technology - Market size and forecast 2021-2026
• Exhibit 36: Chart on Technology - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Technology - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Technology - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Technology - Year-over-year growth 2021-2026 (%)

• 5.6 Power and utilities - Market size and forecast 2021-2026
• Exhibit 40: Chart on Power and utilities - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Power and utilities - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Power and utilities - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Power and utilities - Year-over-year growth 2021-2026 (%)

• 5.7 Others - Market size and forecast 2021-2026
• Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by End-user 
• Exhibit 48: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 50: Chart on Market share by geography 2021-2026 (%)
• Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 52: Chart on Geographic comparison
• Exhibit 53: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026
• Exhibit 70: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Japan - Market size and forecast 2021-2026
• Exhibit 90: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 91: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 92: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 93: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 95: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 97: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 98: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 99: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 100: Matrix on vendor position and classification

• 10.3 Carbon Analytics Ltd. 
• Exhibit 101: Carbon Analytics Ltd. - Overview
• Exhibit 102: Carbon Analytics Ltd. - Product / Service
• Exhibit 103: Carbon Analytics Ltd. - Key offerings

• 10.4 CarbonetiX 
• Exhibit 104: CarbonetiX - Overview
• Exhibit 105: CarbonetiX - Product / Service
• Exhibit 106: CarbonetiX - Key offerings

• 10.5 ENGIE SA 
• Exhibit 107: ENGIE SA - Overview
• Exhibit 108: ENGIE SA - Business segments
• Exhibit 109: ENGIE SA - Key news
• Exhibit 110: ENGIE SA - Key offerings
• Exhibit 111: ENGIE SA - Segment focus

• 10.6 Greenstep Oy 
• Exhibit 112: Greenstep Oy - Overview
• Exhibit 113: Greenstep Oy - Product / Service
• Exhibit 114: Greenstep Oy - Key offerings

• 10.7 Intelex Technologies Inc. 
• Exhibit 115: Intelex Technologies Inc. - Overview
• Exhibit 116: Intelex Technologies Inc. - Product / Service
• Exhibit 117: Intelex Technologies Inc. - Key offerings

• 10.8 Lisam Systems SA 
• Exhibit 118: Lisam Systems SA - Overview
• Exhibit 119: Lisam Systems SA - Product / Service
• Exhibit 120: Lisam Systems SA - Key offerings

• 10.9 SAP SE 
• Exhibit 121: SAP SE - Overview
• Exhibit 122: SAP SE - Business segments
• Exhibit 123: SAP SE - Key news
• Exhibit 124: SAP SE - Key offerings
• Exhibit 125: SAP SE - Segment focus

• 10.10 SIERRA ODC Pvt. Ltd. 
• Exhibit 126: SIERRA ODC Pvt. Ltd. - Overview
• Exhibit 127: SIERRA ODC Pvt. Ltd. - Product / Service
• Exhibit 128: SIERRA ODC Pvt. Ltd. - Key offerings

• 10.11 Simble Solutions Ltd. 
• Exhibit 129: Simble Solutions Ltd. - Overview
• Exhibit 130: Simble Solutions Ltd. - Business segments
• Exhibit 131: Simble Solutions Ltd. - Key offerings
• Exhibit 132: Simble Solutions Ltd. - Segment focus

• 10.12 Wolters Kluwer NV 
• Exhibit 133: Wolters Kluwer NV - Overview
• Exhibit 134: Wolters Kluwer NV - Business segments
• Exhibit 135: Wolters Kluwer NV - Key offerings
• Exhibit 136: Wolters Kluwer NV - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 137: Inclusions checklist
• Exhibit 138: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 139: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 140: Research methodology
• Exhibit 141: Validation techniques employed for market sizing
• Exhibit 142: Information sources

• 11.5 List of abbreviations 
• Exhibit 143: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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