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Carbon and Energy Software: Introduction
The demand in the global market for carbon and energy software is expected to grow at the rate of a steady pace in the last few years. Audits of energy efficiency is now a requirement across the commercial and industrial sectors. The rise of new construction and real estate sites has led to the acceptance of sustainable technology. This is an important factor for companies operating on the global market for carbon-based energy software. The dynamic of energy management and emission control in the residential and industrial sectors have changed over recent years.
Benefits of Carbon and Energy Software:
Sustainable and renewable technologies have been the norm of the day in the residential market. Additionally, there is increasing attention being paid to developing commercial and residential areas, which cause the least amount of environmental impact. This calls for the utilization of software for energy and carbon, which can assist in calculating the energy performance of mega-structures as well as buildings.
The rise of smart city technology across different countries has led to new growth opportunities in the global software for the energy and carbon market. The necessity to improve efficient and effective grids as well as utilities has led to an increase in the utilization of energy and carbon software. This software has played a crucial role in resolving the energy needs of different companies.
The government has backed the concept of making use of energy and carbon software in the power supply system, and this software aids in coordinating smart meters, electric grids and other intelligent technologies. In addition, the worldwide protest over the rising levels of pollutant emissions has forced industries to take steps to lower the carbon footprint of their operations. This has led to many opportunities for advancement and growth throughout the market for energy and carbon. The commercial sector has demonstrated a sense of responsibility in tackling the challenges of energy efficiency. Revenue indexes for the green and energy market software are predicted to rise.
The Global Carbon and Energy Software Market Forecast:
The Carbon and Energy Software market revenues were 877 million USD in the year 2019, and it is expected to reach 1517 million dollars in 2025. It will also have an annual CAGR of 9.55% from 2020 to 2025.
A growing need to cut back on the use of energy and operating costs are resulting in the increasing demand for energy and carbon software all over the world. Additionally, the growing concern about climate change as well as global warming has made it necessary for governments around the world to take steps towards cutting carbon emissions. Therefore, industries that require a lot of energy, such as gas and oil, energy and utilities, as well as manufacturing, must monitor and analyze their energy use. Energy and carbon software has provided an effective solution for these industries to evaluate and monitor the overall carbon emissions and energy usage related to various business operations within a business.
Additionally, the growing popularity of sustainability management in various IT, telecommunication manufacturing, retail and manufacturing sectors is driving demand for software that reduces the carbon and energy market.
The growing complexity and the growth of supply chain processes in different organizations around the world have led to an increase in operational expenses. Therefore, companies seek to implement carbon and energy-related software to track, monitor and evaluate the energy consumption of diverse processes across all of the chain.
In addition, the software allows companies to improve their processes to ensure sustainable levels of carbon emissions as well as energy consumption. The software for carbon and energy provides precise measurements of carbon emissions, enabling companies to reveal their carbon footprint in a precise manner. Businesses can adjust their activities to lessen their carbon footprint in general and be in compliance with various regulations of the government and standards in relation to carbon emission.
Market Trend and Dynamics of the Global Carbon and Energy Software Market:
Based on their particular requirements, Customers can select between hosted and on-premise carbon or energy-related software. Greater control over information and greater privacy provided by Carbon and Energy on-premise software has led to greater use of these solutions in crucial industries like gas and oil; and also energy and utilities. The increasing demand for greater scaling and the growing use of the Internet has resulted in the growing popularity of cloud-based or hosted carbon and energy software. The lower initial investment and the increased ease of use are anticipated to fuel the growth of the hosted Carbon and Energy software.
Based on the use for which it is used of the end-user, the market for carbon and energy software is divided into gas and oil as well as utilities and energy, Telecommunications and IT and others (medical, construction, retail, cars, etc.).In the carbon and energy software market, IT and telecommunication had held the largest market share in 2013. A growing need to reduce operating expenses to boost profits and create an environmentally green image for a brand has forced many organizations around the globe to utilize carbon and energy-related software. Initiatives by governments to reduce carbon emissions across different countries of Europe and the Asia Pacific region are further fueling the growth of carbon and energy software.
Based on geographical location, North America led the overall market for carbon and energy software by revenue in 2013, on account of the greater adoption of this software in the region. Europe was second in part of the revenue of the market for energy and carbon software in 2013. The market for carbon and energy software within the Asia Pacific is expected to grow significantly over the timeframe from 2014 to 2022. Increased government efforts to reduce carbon emissions and improve energy efficiency are anticipated to boost the region's energy and carbon software market.
Additionally, the higher concentration of the telecommunications and IT sector in countries such as China, India, Japan and Indonesia are huge growth potential in the software for the energy and carbon market over the forecast period from 2014 through 2022. Countries within the Latin America region, including Brazil, Argentina, and Chile, are also recognized as potential growth markets over the forecast time.
The Key Market Segmentation of the Global Carbon and Energy Software Market:
Global Carbon and Energy Software Market can be divided into Deployment Mode, Application, and Geographical landscapes, etc.
Carbon and Energy Software Market Segmentation By Deployment Type:
Carbon and Energy Software Market Segmentation By Application:
Power & utilities
Oil & Gas
Carbon and Energy Software Market Segmentation By Geographical Landscape:
Major Key Players in the Global Carbon and Energy Software Market Are:
CA Technologies Inc
Enablon North America Corporation
Intelex Technologies Inc
ENGIE Insight (formerly Ecova)
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