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Carbon Accounting Software Market Size to Grow by USD 9.61 billion| 37% of Market Growth to Originate from North America | Technavio

NEW YORK, May 20, 2022 – According to the report “Carbon Accounting Software Market by End-user and Geography – Forecast and Analysis 2022-2026”, the market will witness a YOY growth of 26.97% in 2022 and a CAGR of 28.66% during the forecast period. The report is segmented by end-user (oil and gas, telecommunication, technology, power and utilities, and others) and geography (North America, Europe, APAC, MEA, and South America)

The carbon accounting software market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

Carbon Analytics Ltd.CarbonetiXENGIE SAGreenstep OyIntelex Technologies Inc.Lisam Systems SASAP SESIERRA ODC Pvt. Ltd.Simble Solutions Ltd.Wolters Kluwer NV

Find additional highlights on the growth strategies adopted by vendors and their product offerings. View a Sample Report.

Geographical Market Analysis

North America will provide maximum growth opportunities in the carbon accounting software market during the forecast period. According to our research, the region will contribute to 37% of the global market growth. The US is a major country for the carbon accounting software market in North America. Concerns among corporations regarding increasing CO2 emission rates will drive the carbon accounting software market growth in North America during the forecast period.

Know more about this market’s geographical distribution along with a detailed analysis of the top regions. View our Report Snapshot

Key Segment Analysis

The oil and gas segment will have significant market share growth during the forecast period. Oil and gas enterprises need carbon accounting software to account for and report carbon emissions from various stages of their value chain.

View a Report Sample: to know additional highlights and key points on various market segments and their impact in coming years.

Key Market Drivers & Challenges:
The need to reduce the overall costs incurred by enterprises is driving the carbon accounting software market. The use of carbon accounting can help enterprises identify business activities that use more energy, which helps reduce the use of energy as well as resources. Thus, measuring the carbon footprint helps in reducing the overall costs incurred by enterprises.
The difficulty in capturing energy usage data will challenge the carbon accounting software market during the forecast period. However, most organizations rarely track their energy usage. Estimating the use of energy by equipment such as chillers, trucks, fleets, remote offices, and generators is complex and time-consuming.
Download a report sample for highlights on market Drivers & Challenges impacting the market.
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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.

This article was shared with Prittle Prattle News as a Press Release.

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