Sustainability & Energy Management Software Market by Function, Deployment, End-User

Description

List of Tables

[196 Pages Report] The Sustainability & Energy Management Software Market size was estimated at USD 1.50 billion in 2023 and expected to reach USD 1.68 billion in 2024, at a CAGR 12.42% to reach USD 3.42 billion by 2030.

Sustainability & energy management software is a comprehensive technology solution that assists organizations in monitoring, analyzing, and optimizing their energy consumption and sustainability performance. These advanced software tools empower companies to reduce their environmental impact, enhance operational efficiency, and achieve sustainability goals by providing actionable insights from real-time data. They typically include features such as energy data management, carbon emissions tracking, utility bill analysis, and automated reporting for compliance with various governmental regulations and industry standards. By consolidating information from diverse sources such as smart meters, IoT devices, and building automation systems, sustainability & energy management software offers a holistic view of an organization's energy usage patterns. In recent years, the adoption of sustainability & energy management software has grown due to increasing concerns about climate change, the need for organizations to reduce energy waste, and the growing efforts made by governments to promote sustainable development. In addition, the construction of green buildings also encourages the utilization of sustainability & energy management software. On the contrary, the cost-intensive software deployment and complexities related to its integration into business processes hamper its widespread adoption. However, the improvements in these software solutions through AI and ML algorithms and investments in microgrids and smart grids across countries are expected to provide considerable opportunities for market expansion in the near future.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.50 billion
Estimated Year [2024]	USD 1.68 billion
Forecast Year [2030]	USD 3.42 billion
CAGR (%)	12.42%

Function: Increasing deployment of sustainability & energy management software for energy optimization

Organizations aim to track and reduce their carbon footprint through detailed reporting, forecasting, and management. Essential for companies committed to environmental responsibility and meeting regulatory and voluntary carbon reduction targets. Compliance management is essential for businesses that need to ensure continuous compliance with environmental, health, safety, and sustainability regulations. Automates the process of keeping up with changing legislation and maintaining documentation for audits. Energy optimization is designed for enterprises looking to minimize energy consumption and costs. Ideal for energy-intensive industries and buildings aiming to improve operational efficiency and sustainability performance. Facility & asset management is geared towards organizations that aim to extend the lifespan of their facilities and assets through efficient use, maintenance, and sustainability practices. Facility & asset management is critical for minimizing operational costs and environmental impact. Sustainability reporting & management are ideal for organizations required to report on sustainability metrics to stakeholders and regulatory bodies. Sustainability reporting & management supports the collection, analysis, and presentation of data related to environmental and social governance (ESG) goals. Utility data management is suitable for organizations that need to efficiently manage and analyze utility consumption data across multiple sites to identify savings opportunities and optimize utility spending.

End-User: Growing focus on reducing emissions by automotive sector driving the demand of sustainability & energy management software

The automotive industry is under significant pressure to reduce its environmental footprint, focusing on reducing emissions, energy consumption, and waste management. Energy management software helps automotive companies monitor and handle energy usage in real time, enabling them to achieve more sustainable production processes. Sustainability in construction revolves around efficiently using resources and minimizing the environmental impact of buildings. Energy management software assists in achieving these goals by optimizing energy consumption and facilitating the deployment of renewable energy sources. Manufacturers are focusing on reducing energy costs and complying with increasingly stringent environmental regulations. Energy management software is critical for tracking energy consumption, managing waste, and improving overall operational efficiency. The oil and gas industry is integrating sustainability and energy management software to address environmental concerns and improve efficiency. This software aids in monitoring emissions and managing resources more effectively. Pharmaceutical companies utilize sustainability and energy management software to assure compliance with stringent regulatory standards and to foster sustainable practices in drug development and production. Within the utilities and energy sector, the demand for energy management software is driven by the need to improve grid reliability, integrate renewable energy sources, and enhance customer energy usage insights.

Regional Insights

The adoption of sustainability & energy management software in the Americas has been experiencing significant growth in recent years, driven by increased awareness about environmental concerns, regulatory requirements, and awareness of cost-saving opportunities provided by these solutions. The market is primarily concentrated in North America, with the United States taking the lead due to its robust economy, technological advancements in products, and a strong commitment to sustainability goals. Countries across Latin America are also demonstrating a rising interest in sustainability and energy management as they strive to balance their economic growth with sustainable development initiatives. In the Asia-Pacific region, sustainability & energy management software utilization has been steadily growing over the past few years with rapid urbanization, increasing concerns for environmental protection, and government initiatives supporting energy efficiency. With countries such as China and India experiencing significant economic growth and industrial development, the demand for energy management solutions is rising. In Europe, the Middle East, and Africa region, sustainability & energy management software adoption has surged with stringent regulatory frameworks, the increasing integration of advanced software, and the growing demand for cost-effective solutions to manage energy consumption. Various regional governments and organizations are committed to meeting their sustainability goals outlined by international agreements such as the Paris Agreement and United Nations' Sustainable Development Goals (SDGs). Africa presents a vast untapped potential for this software adoption due to its rapidly growing urbanization and industrialization trends. Moreover, market players' improvements in software features through integrating advanced technologies are expected to bolster market growth in the coming years further.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Sustainability & Energy Management Software Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Sustainability & Energy Management Software Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Sustainability & Energy Management Software Market, highlighting leading vendors and their innovative profiles. These include Accruent, LLC, Accuvio by Diligent Corporation, Arcadia Power, Inc., Autodesk Inc., Benchmark Digital Partners LLC, Best Energy Ltd, Eneos BV, EnergyCAP, LLC, ENGIE Insight Services Inc., Ento Labs ApS, Figbytes Inc., Fractal EMS, LLC, ICONICS, Inc., International Business Machines Corporation, Johnson Controls International PLC, LogicLadder Technologies Pvt. Ltd., Microsoft Corporation, OneTrust, LLC, Oracle Corporation, Quickbase, Inc., SAP SE, Schneider Electric SE, Siemens AG, SkyFoundry, Inc., Spacewell International NV, Sphera Solutions, Inc., SyAM Software Inc., Tata Consultancy Services Limited, UL LLC, and Wolters Kluwer N.V..

Market Segmentation & Coverage

This research report categorizes the Sustainability & Energy Management Software Market to forecast the revenues and analyze trends in each of the following sub-markets:

Function
- Carbon Reporting & Management
- Compliance Management
- Energy Optimization
- Facility & Asset Management
- Sustainability Reporting & Management
- Utility Data Management

Deployment
- On-Cloud
- On-Premise

End-User
- Automotive
- Construction
- Manufacturing
- Oil & Gas
- Pharmaceutical
- Utilities & Energy

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Sustainability & Energy Management Software Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Sustainability & Energy Management Software Market?

3. What are the technology trends and regulatory frameworks in the Sustainability & Energy Management Software Market?

4. What is the market share of the leading vendors in the Sustainability & Energy Management Software Market?

5. Which modes and strategic moves are suitable for entering the Sustainability & Energy Management Software Market?

Product Code: MRR-43062C754873

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing awareness regarding sustainability management and carbon footprint reduction among end-users
  - 5.1.1.2. Increasing government initiatives to uphold sustainable development in economies
  - 5.1.1.3. Rising investments in green infrastructure and building development worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High cost of deploying sustainability & energy management software
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements and improvements in sustainability & energy management software
  - 5.1.3.2. Increasing investments and growing interest in microgrid and smartgrid technology across countries
- 5.1.4. Challenges
  - 5.1.4.1. Limited understanding and issues with integration of sustainability & energy management solutions with industry operations
5.2. Market Segmentation Analysis
- 5.2.1. Function: Increasing deployment of sustainability & energy management software for energy optimization
- 5.2.2. End-User: Growing focus on reducing emissions by automotive sector driving the demand of sustainability & energy management software
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
- 5.9.1. Global Sustainability Index and Emission Trend, By Geography

6. Sustainability & Energy Management Software Market, by Function

6.1. Introduction
6.2. Carbon Reporting & Management
6.3. Compliance Management
6.4. Energy Optimization
6.5. Facility & Asset Management
6.6. Sustainability Reporting & Management
6.7. Utility Data Management

7. Sustainability & Energy Management Software Market, by Deployment

7.1. Introduction
7.2. On-Cloud
7.3. On-Premise

8. Sustainability & Energy Management Software Market, by End-User

8.1. Introduction
8.2. Automotive
8.3. Construction
8.4. Manufacturing
8.5. Oil & Gas
8.6. Pharmaceutical
8.7. Utilities & Energy

9. Americas Sustainability & Energy Management Software Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Sustainability & Energy Management Software Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Sustainability & Energy Management Software Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Brussels-based Enersee secured EUR 1.2 million investment to revolutionize energy management in real estate
- 12.3.2. Siemens and IBM Collaborate to Accelerate Sustainable Product Development and Operations
- 12.3.3. TCS Launches Clever Energy Solution on Google Cloud to Help Organizations Achieve their Net Zero Goals

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio