Emission Management Software
The main factor driving the industry is implementing various carbon emission laws in response to the desire for rapid decarbonization.
PORTLAND, PORTLAND, OR, UNITED STATE, May 17, 2023 /EINPresswire.com/ — Allied Market Research published a new report, titled, ” The Emission Management Software Market Reach to USD 43.6 Billion by 2030 | Top Players Such as – Hara, SAP and Symantec.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The global emission management software market size was valued at USD 10.4 billion in 2020, and is projected to reach USD 43.6 billion by 2030, registering a CAGR of 15.7% from 2021 to 2030.
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An increase in demand for emission monitoring and effectiveness of tracking and management capabilities drive the growth of the global emission management software market. However, high costs incurred in management and installation hinder the market growth. On the other hand, focus on the implementation of sustainability solutions presents new opportunities in the coming years.
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.
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Based on components, the software segment accounted for the highest share in 2020, contributed to more than four-fifths of the total share, and is estimated to continue its lead position during the forecast period. However, the services segment is projected to portray the highest CAGR of 17.5% from 2021 to 2030.
On the basis of services, the consulting and training segment accounted for the highest revenue in 2020, however, the Support and Maintenance is expected to witness highest growth rate during the forecast period
Based on industry, the manufacturing segment contributed to the highest share in 2020, holding more than one-third of the global emission management software market, and is projected to maintain its leadership status during the forecast period. However, the government sector segment is expected to manifest the fastest CAGR of 17.0% from 2021 to 2030.
On the basis of software, the data management segment accounted for the highest revenue in 2020, however, the dashboard tools segment is expected to witness highest growth rate during the forecast period.
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Based on region, North America held the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is projected to witness the fastest CAGR of 17.3% during the forecast period.
Leading players of the global emission management software market analyzed in the research include Accenture, CA, Inc., Enviance, Carbonetworks, Greenstone Carbon Management, Foresite Systems, IBM, Hara, SAP, and Symantec.
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Covid-19 Scenario:
• Owing to the lockdown imposed by governments in many countries and the unavailability of the workforce, manufacturing factories in many industries were closed down partially or completely. This impacted the demand for emission management software for real-time monitoring.
• Moreover, daily operations in the energy and power sector were disrupted and the demand for monitoring carbon emissions was reduced. This affected the demand for emission management software. However, the demand is expected to rise during the post-lockdown as daily operations get back on track.
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