Corporate Sustainable Software Market: Current Analysis and Forecast (2022-2028)

The global Corporate Sustainability Software Market is expected to grow at a CAGR of 15% during the forecast period. The global corporate sustainability software market is growing on account of the increasing investments made by large organizations and governments across the globe for the advancements in technology for efficient use of the existing renewable and nonrenewable resources. Furthermore, the surge in environmental awareness and increase in concerns among organizations & individuals about global warming acts as the key driving forces of the global corporate sustainability software market. Moreover, the growing carbon emissions globally are increasing at an alarming rate, for instance, global energy-related CO2 emissions remained at 31.5 GT, which contributed to CO2 reaching its highest-ever average annual concentration in the atmosphere of 412.5 parts per million in 2020 - around 50% higher than when the industrial revolution began. These factors are expected to drive the market for the corporate sustainability software market.

Cority Software Inc., Novisto Inc., Intelex Technologies Inc., StarTex Software LLC., Tavares Group Consulting Inc., Locus Technologies, Key Green Solutions LLC, Emex Software Ltd, Diligent Corporation, and Sphera Solutions Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst deployment, the on-premises segment held a prominent share of the market in 2020"

Based on deployment, the market is classified into on-premises and cloud. The on-premises segment captured a significant share of the global corporate sustainability software market and is expected to witness robust CAGR during the forecast period, owing to the high preference for this type of deployment to have complete control over confidential data and less dependency on the internet in case of internet interruption.

"Amongst application, performance management segment held a significant share of the market in 2020"

By application, the corporate sustainability software market is divided into document management, compliance management, performance management, and reporting. The performance management segment catered to a commendable share of the market in 2020 because it helps businesses align their resources, and systems to meet sustainability objectives. Any functions that evaluate data to show how a company's sustainability practices are doing fall under the category of performance management. Access to configurable dashboards and benchmarking, which evaluates an organization's performance in terms of sustainability or energy management in comparison to predetermined standards or those of other businesses, are important components.

"North America to hold a significant share in the market"

North America held a prominent share of the global corporate sustainability software market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading sustainability and energy management software providers and the integration of cloud and IoT with corporate sustainability software market solutions. In addition, a surge in investments by key players as well as the government for developing advanced energy preservation technology and sustainability solutions fuels the growth of the market. In countries such as US and Canada, there are numerous government initiatives and investments. For instance, in 2020, the US government committed a federal investment of USD 1.7 Tn in climate resilience and clean energy over the course of the next 10 years, and the increasing cost of energy is expected to drive the market of the corporate sustainability software market in the region.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The global corporate sustainability software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.