Governmental Carbon Emission Policies Contribute To The Carbon Footprint Management Market Growth

The Business Research Company’s Carbon Footprint Management Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON, UK, February 23, 2022 /EINPresswire.com/ — The introduction of various carbon emission policies by governments in carbon footprint management is expected to propel the carbon footprint management market growth during forecast period. Governments across the world have taken various initiatives to reduce carbon footprint and pollution. For instance, in May 2021, the German government set new targets to reduce its carbon footprint. Under the new targets, Germany will aim for a 65%, 88%, and nearly 0% net carbon emission by 2030, 2040, and 2045 respectively. As a result, organizations have been instructed by governments to follow the norms and regulations. The adherence requirements for reducing carbon footprint would result in a growth in the demand for carbon footprint management systems as it assists organizations in identifying avenues for reducing their carbon footprint.

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The global carbon footprint management market size is expected to grow from $8.63 billion in 2021 to $9.42 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The change in the market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The global carbon footprint management market share is expected to reach $12.20 billion in 2026 at a CAGR of 6.7%.

Carbon footprint management market trends include the rising focus on enterprise sustainability among organizations is gaining popularity in the market. Major companies operating in the carbon emission management sector are focused on launching new products to meet the rising market demand for regulating their carbon emission. For instance, in June 2021, a France-based information technology services and consulting company, Capgemini, launched “Sustainable IT”, an offering designed to assist IT companies in reducing their carbon footprint. The new offering is meant to support clients on their sustainability journey through its technical expertise, customized approach, and strong partner ecosystem using Capgemini’s global sustainability offering framework.

Major players covered in the global carbon footprint management industry are Accuvio, Carbon EMS, Enviance, EnergyCAP LLC, ENGIE Impact, Envirosoft Corporation, Intelex Technologies Inc., IsoMetrix Software, Locus Technologies, NativeEnergy Inc., SAP SE, Johnson Controls, Accenture PLC, IBM Corporation, Schneider Electric S.E., Natural Capital Partners, VelocityEHS and Carbon Trust.

TBRC’s global carbon footprint management market report is segmented by component into solution, services, by deployment into on-premises, cloud, by vertical into manufacturing, IT and telecom, residential and commercial buildings, transportation and logistics, energy and utilities, others.

Carbon Footprint Management Global Market Report 2022 – By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Vertical (Manufacturing, IT And Telecom, Residential And Commercial Buildings, Transportation And Logistics, Energy And Utilities) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a carbon footprint management market overview, carbon footprint management market forecast, carbon footprint management market size and carbon footprint management market growth for the whole market, carbon footprint management market segments, carbon footprint management market geographies, carbon footprint management market trends, carbon footprint management market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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