Increasing need to reduce energy consumption and operational costs has led to the rising demand for carbon and energy software, globally. In addition, rising concerns towards climatic changes and global warming have made it imperative for various governments across the world to work towards reducing carbon emissions. Thereby, energy intensive industries including oil and gas, energy and utilities, and manufacturing need to monitor and assess their energy consumption. Carbon and energy software has offered a viable solution to such industries to effectively monitor and assess overall energy consumption and carbon emissions associated with various business operations within an organization. Furthermore, increasing popularity of sustainability management across various organizations in the IT and telecommunication, retail and manufacturing industries is further driving the demand for carbon and energy software market.
Increasing complexities and expansion of supply chain in various organizations across the world have led to increasing operational costs. Thereby, organizations seek to deploy carbon and energy software in order to efficiently map, monitor, and assess energy consumer by various individual processes throughout the supply chain. Furthermore, such software enables organizations to optimize various operations to achieve higher sustainability in terms of carbon emissions and energy consumption. Carbon and energy software offers precise measurement of the carbon emissions enabling organizations to publish their carbon footprint accurately. Organizations can fine tune their operations to reduce their overall carbon footprint and comply with various government regulations and norms pertaining to carbon emission.
Depending on their specific requirements, customers can choose between the on-premise and hosted carbon and energy software solutions. Increased control over information and higher privacy offered by the on-premise carbon and energy software solutions has led to the higher adoption of these solutions across critical industries such as oil and gas; and energy and utilities. Increasing need for enhanced scalability and rising penetration of Internet has led to the increasing popularity of hosted or cloud-based carbon and energy software solutions. Reduced initial investments and enhanced convenience are expected to drive the growth of hosted carbon and energy software market.
Based on the end-use, the carbon and energy software market is segmented into oil and gas; energy and utilities; IT and telecommunication; manufacturing, and others (retail, automobiles, construction, medical, etc.). In 2013, IT and telecommunication held the largest market share in the overall carbon and energy software market. Rising need to reduce operational costs to increase profitability and build an environmental friendly brand image has made it imperative for numerous organizations across the world to make use of carbon and energy software. Government initiatives taken towards reducing the overall carbon emissions in various countries in Europe and Asia Pacific region are further driving the growth of carbon and energy software market.
By geography, North America led the overall carbon and energy software market in terms of revenue in 2013 on account of higher adoption of this software solution in the region. Europe held the second largest revenue share of the overall carbon and energy software market in 2013. Carbon and energy software market in Asia Pacific is expected to achieve significant growth during the forecast period from 2014 to 2022. Increasing government activities for curtailing carbon emissions and achieving higher energy efficiency are expected to drive the carbon and energy software market in this region. Furthermore, higher concentration of IT and telecommunication sector in countries including China, India, Japan, and Indonesia offer immense growth opportunities in the carbon and energy software market during the forecast period from 2014 to 2022. Countries in the Latin America region including Brazil, Argentina, and Chile have also been identified as growth markets during the forecast period.
Intelex Technologies, Inc., IBM Corporation, CA Technologies, Inc., Enablon North America Corporation, and IHS, Inc. were identified to be the top five players in the carbon and energy software market in 2013. Other key players include Enviance, Inc., Thinkstep AG (PE International), ProcessMAP Corporation, Verisae, Inc., and SAP SE.
This report aims to provide a comprehensive strategic analysis of the global carbon and energy software market along with the market size and growth forecast for the period from 2012 to 2022. The key factors driving the growth of the carbon and energy software market include rising environmental concerns pertaining to climate change, increasing awareness about reducing carbon emissions, and need to achieve enhanced energy efficiency to reduce operational costs. Carbon and energy software has offered a viable solution to organizations to monitor and assess the overall energy consumed throughout the supply chain and map the associated carbon emissions. Furthermore, rising trends in developing sustainable business strategies are further driving the growth of this market. Growing significance of an environment-friendly brand image, and increasing need to comply with various government norms and mandates have made it imperative for organizations to effectively monitor and assess their energy consumption levels. Furthermore, government initiatives in countries with a higher concentration of energy intensive industries such as oil and gas, energy and utilities, IT and telecommunications, manufacturing, and retail are also driving the adoption of carbon and energy software.
This research study on the global carbon and energy software market provides a detailed analysis of how organizations from various industries are adopting carbon and energy software in order to reduce energy consumption and carbon emissions. The report offers an in-depth analysis of the various factors affecting market dynamics such as market drivers, restraints, and growth opportunities. Using these factors, the report identifies various trends expected to impact the market during the forecast period from 2014 to 2022. The report includes a comprehensive coverage of the underlying economical, environmental, and technological factors influencing the carbon and energy software market. It also provides the competitive landscape of the key players in the carbon and energy software market in order to highlight the prevalent competition in this market.
Based on deployment type, the carbon and energy software market is segmented into on-premise and hosted solutions. Depending on their specific requirements, organizations can choose between the two models to efficiently monitor and assess various aspects pertaining to energy consumption. Thereby, organizations can decide the amount of critical information to be shared with a third-party provider, or whether to employ an in-house team of experts to carry out the necessary activities. Based on their specific requirements, various end-use industries such as oil and gas, energy and utilities, IT and telecommunication, manufacturing, and others (retail, automobiles, construction, medical, etc.) make use of carbon and energy software for enhancing energy efficiency and lowering carbon footprint. Hence, by using carbon and energy software various organizations can work towards efficiently managing their energy consumption and reducing their overall carbon footprint.
The demand for carbon and energy software varies based on the concentration of various end-use industries in a specific region. Rising government initiatives towards achieving business sustainability taken in various regions particularly in Europe, and Asia Pacific have led to the increasing popularity of this software solution. The report aims to provide a comprehensive, cross-sectional analysis of the carbon and energy software market across geographical segments such as North America (the U.S. and rest of North America), Europe (EU7, CIS, and rest of Europe), Asia Pacific (Japan, China, South Asia, Australasia, rest of APAC), the Middle East and Africa (GCC countries, North Africa, South Africa, rest of MEA), and Latin America (Brazil and rest of Latin America).
The report provides a detailed competitive analysis of the key players in the carbon and energy software market and identifies various business strategies adopted by the leading players. The study explains the penetration of each of each market segment within various geographies and how they have accelerated the growth of the carbon and energy software market.
The report includes an overview of the market strategies, annual revenues, and recent developments of the key companies operating in the market. The key market participants profiled in the study include Intelex Technologies, Inc., CA Technologies, Inc., SAP SE, Enviance, Inc., IHS, Inc., ProcessMAP Corporation, Thinkstep AG (PE International), IBM Corporation, Enablon North America Corporation, and Verisae, Inc.
The global carbon and energy software market has been segmented as follows:
Carbon and Energy Software Market, by Deployment Type
Carbon and Energy Software Market, by End-use Industry
- Oil and Gas
- Energy and Utilities
- IT and Telecommunication
- Others (Retail, Automobiles, Construction, Medical, etc.)
Carbon and Energy Software Market, by Geography
- North America
- Rest of North America
- EU7 (UK, Italy, Spain, France, Germany, Belgium, and the Netherlands)
- Rest of Europe
- Asia Pacific
- South Asia (India, Pakistan, Bangladesh, and Sri Lanka)
- Australasia (Australia, New Zealand, and Guinea)
- Middle East and Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America