The global sustainability and energy management software market is estimated to be valued at nearly US$ 900 Mn in the year 2017 and is expected to touch a figure of more than US$ 1700 Mn by the end of 2024. The market is expected to register a total incremental opportunity of nearly US$ 1000 Mn between the years 2016 and 2024. The global sustainability and energy management software market is projected to register a CAGR of 10.8% during the forecast period (2016-2024).
Request For Sample Report-https://www.persistencemarketresearch.com/samples/9164
Lack of strict regulations in the field of environmental protection in emerging economies is hampering the growth of the global sustainability and energy management software market
In emerging economies such as India and China, small and medium enterprises are a major source of environmental pollution. As the awareness regarding protection of the environment and sustainable practices is low amongst the strata of such size of companies, they don’t take such issues seriously and there is a lax attitude. Significant investments regarding sustainable processes and pollution control are only made in large enterprises, while medium and small enterprises go off the hook. Hence, enforcement of pollution standards is uneven and only government owned enterprises are generally subject to checks, while small scale enterprises are spared from such liabilities. It is also seen in developing economies that there is a huge variation in the process of economic planning and environmental protection goals, leading to the latter being not implemented or being poorly implemented.
“Enterprises are utilizing sustainability and energy management software to enhance their brand value
Initially, most of the enterprises were utilizing traditional sustainability reporting formats to communicate their progress, due to which they were losing the brand value associated with their social and environmental achievements. However, with growing awareness regarding brand value and reputation, along with leveraging the advantage of advanced information technologies to gain competitive advantage, enterprises are replacing these custom-built legacy systems with commercial sustainability and energy management software.”
Increased awareness amongst organizations regarding sustainability management
Presently, there is an enhanced awareness regarding the concept of sustainability and energy management in companies, instead of just treating it as a regulatory obligation. This is especially true of companies operating in the manufacturing, chemicals and oil and gas sectors. Several parameters are now coming in the ambit of sustainability management such as supply chain de-risking, operating in resource stressed areas, reliable and cost-efficient energy supplies and product stewardship initiatives, etc. Another way to look at this emerging situation is the increasing competition amongst companies and due to this intense competition, companies are looking to differentiate themselves by adopting sustainable and energy saving methodologies in their business processes, which sets them apart from competition.
- IBM Corp. (TRIRIGA)
- Schneider Electric
- SAP SE
- ICONICS, Inc.
- CA Technologies
- UL EHS Sustainability
- Verisae, Inc.
- Ecova, Inc.
- Gensuite LLC
- Figbytes Inc.
Table Of Content-
1. Sustainability and Energy Management Software Market – Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Sustainability and Energy Management Software Market Overview
5. Global Sustainability and Energy Management Software Market Analysis, By Software
6. Global Sustainability and Energy Management Software Market Analysis, By End-use Application
7. Global Sustainability and Energy Management Software Market Analysis, By Modules
8. Global Sustainability and Energy Management Software Market Analysis, By Region
9. North America Sustainability and Energy Management Software Market Analysis
10. Latin America Sustainability and Energy Management Software Market Analysis
11. Competition Landscape