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2021
Emission Management Software Market

Emission Management Software Market by Component (Software, Services), Software (Data Management, Asset Performance Optimization, Application Platform, Forecasting Analytics, and Dashboard Tools), Service (Consulting and Training, Support and Maintenance), and Industry (Manufacturing, IT and Telecom, Government Sector, Energy and Power, Others): Global Opportunity Analysis and Industry Forecast, 2020–2030

A13105
Pages: 250
Aug 2021 | 3028 Views
Author(s) : Abhijith Nair , Vineet Kumar
Tables: 196
Charts: 65
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COVID-19

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Emission Management Software Market Statistics: 2030

The global emission management software market size was valued at $10.4 billion in 2020, and is projected to reach $43.6 billion by 2030, registering a CAGR of 15.7% from 2021 to 2030. Carbon management technologies aim to manage anthropogenic releases of greenhouse gases, such as those associated with the combustion of fossil fuel use, in an effort to mitigate the potential impacts of these emissions on climate systems. 

With the COVID cases on the rise across the globe, many business enterprises and organizations had to limit or even cease their operations entirely during the COVID influenced lockdowns. Moreover, availability of staff and workers on-site for maintaining full scale productivity was also reduced during this period,, which has slowed down the market growth.

In 2019, the global emission management software market share was dominated by the software, and is expected to maintain its dominance in the upcoming years. The organizations are in-turn benefited with rise in their corporate profile and even in some cases generate more business and forge new B2B relationships and partnerships. Many organizations have implemented carbon management policies as part of their sustainability strategy, to counterbalance the Greenhouse Gas (GHG) emissions generated via consumption and combustion of fossil fuels.

Emission-Management-Software-Market--2021-2030

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Within the market, the service segment is estimated to emerge as the fastest growing segment, many institutions and organizations are multiplying their conservation efforts and gradually adopting measures that provide in-depth knowledge of greenhouse gases' dynamics and impacts. Growing demand for the EMS (Emission Management Software) software among developing and developed countries is driving the growth of the emission management software market. The after sales services offered by various SME’s and large enterprises comprise various benefits are also driving the growth of the market. Technological advancements such as AI and cloud in EMS software along with the various guidelines issued by countries are providing opportunities for the growth of the market

The report focuses on the growth prospects, restraints, and emission management software market analysis. The study provides Porter’s five forces analysis of the emission management software  industry to understand impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the emission management software market trends.

Segment review

The emission management software market is segmented on the basis of component, software, services and industry. Based on component, the market is segmented into software and services, while on the basis of component the market is segmented into data management, asset performance optimization, application platform, forecasting analytics, and dashboard tools. Based on service, the market is segmented into consulting and training and support and maintenance. Based on industry, the market is segmented into manufacturing, IT and telecom, government sector, energy and power, and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.

Emission Management Software Market
By Type

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Service segment is projected as one of the most lucrative segments.

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COVID Impact Analysis

Post COVID-19, the size of the global emission management software market size is estimated to be $10,400 million in 2020, and is projected to reach $43,600 million by 2030. 

With the COVID cases on the rise across the globe, many business enterprises and organizations had to limit or even cease their operations entirely during the COVID influenced lockdowns. Moreover, availability of staff and workers on-site for maintaining full scale productivity was also reduced during this period. These factors limited the applications of the emission management software industry, and hence, the emission management software market experienced a slowdown amidst the pandemic. However, increasing consumer consciousness about personal carbon footprints is causing a stable growth trend in some industrial and domestic sectors for some time now.

Emission Management Software Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

APAC is projected as one of the most significant region.

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Top impacting factors    

Factors such as immense focus on emission monitoring technology and effective tracking and management capabilities with ems is estimated to drive the market growth. However, factors such as higher management and installation cost and increased inventory and operational loads is estimated to restrain the market growth. Further, increasing focus on green drive and intense focus on improving sustainability is estimated to create lucrative opportunity for the emission management software market.

Effective tracking and management capabilities with EMS:

With advanced software-based emission management systems (EMS) enterprises and manufacturing plants can track their carbon and greenhouse emissions more accurately and in real time than legacy emission management Components, this gives organizations more control over their emissions and makes for easier management of their emission levels in real time. This is influencing such organizations to invest in emission management software Components. Moreover, increasing government interest in carbon footprints of industrial and manufacturing activities with newer regulations and Enviance to control them, have also been beneficial for the emission management software market trends in the past few years.

Drive for improving sustainability:

Increasing global focus toward creating more sustainable means of production and manufacturing operations of raw material and commodities, transportation mediums, infrastructure maintenance and upkeep, and other human activities. This drive was reflected in global carbon emission rates. As per a study published by International Energy Agency (IEA), approximately 31.5 Giga tons CO2 was produced during the year 2020. This was a 5.8% decline (largest drop since World War 2) the decline in emissions of almost 2000 million tons of CO2. This effort is driving the need to create a more sustainable environment, and hence, influencing the need for emission management software Components in the future.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the emission management software market growth along with current trends and future estimations to elucidate imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the emission management software market size is provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of emission management software forecast for the period 2020-2030 is provided to determine the emission management software market opportunity.

Key Market Segments

By Component

  • Software
  • Service

By Software

  • Data Management
  • Asset Performance Optimization
  • Application Platform
  • Forecasting  Analytics 
  • Dashboard Tools

By Services

  • Consulting and Training
  • Support and Maintenance

By Industry 

  • Manufacturing
  • IT and Telecom
  • Government Sector
  • Energy and Power
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe 
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Finland
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Accenture
  • CA, Inc.
  • Carbonetworks
  • Enviance
  • Foresite Systems
  • Greenstone Carbon Management
  • Hara
  • IBM
  • SAP
  • Symantec
 

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According to CXOs of the major companies, the Emission Management Software market is experiencing a rapid growth, owing to adoption of advanced software-based Emission Management Systems (EMS) enterprises and manufacturing plants can track their carbon and greenhouse emissions more accurately and in real time than legacy emission management solutions, this gives organizations more control over their emissions and makes for easier management of their emission levels in real time. This is influencing such organizations to invest in emission management software solutions. Moreover, increasing government interest in carbon footprints of industrial and manufacturing activities with newer regulations and laws to control them, have also been beneficial for the emission management software industry in the past few years

The global shift toward green initiatives have been on a rise for some time now and this has led toward an increase in focus to control the rising levels of carbon and greenhouse gas emissions in industrial and economic sectors. With raising awareness about cleaner and greener initiatives in both the business and the consumer world, there is growing dependence on emission management systems. This is creating a strong foundation for the emission management software systems market across the globe and is predicted to grow further in the upcoming future.

The Emission Management Software market is competitive and comprises a number of regional and global vendors competing based on factors such as cost of solutions & services, reliability, efficiency of products, and support services. The market is concentrated with major players consuming 40-45% of the share. The degree of concentration is expected to remain same during the forecast period. Additionally, increasing global focus toward creating more sustainable means of production and manufacturing operations, the need for emission management software is rising, creating a lucrative opportunity for the market during the forecast period.

 

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