Global Emission Management Software Market By Component, By Industry, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027

New York, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Emission Management Software Market By Component, By Industry, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06222243/?utm_source=GNW
This software consists of the provision of functionality needed for industrial operations and for corporate demands like environmental reporting or KPI (Key Performance Indicator) supervising. Emission management software combines processes and people across various industrial units, which would substantially contribute to risk mitigation.

The major functions of the emission management software are managing compliance with legal permits & regulations that implement critical operational boundaries and financial risks for industrial & non-industrial operation sites.

In addition, the ability of the solution to evaluate emissions prediction scenarios helps in making this software a tool for all kinds of planning and strategic decision items on an operational and corporate level, which would attract more companies for its usage.

By using emission management software, enterprises can reduce the chances of human error, carry out efficient situation analysis, report and decrease the GHG (Green House Gases) emissions at all levels.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has impacted numerous segments of the business domain. The imposition of numerous regulations to curb the spread of the virus like partial or complete lockdown, ban on traveling across borders, and temporary band on manufacturing units has negatively impacted the demand and growth of the emission management software market.

Such aspects have restricted the adoption of the emission management software and thus, declined the demand and growth of the emission management software market. The shutdown of the manufacturing units across different business segments has resulted in the slowdown of the demand and growth of the emission management software market.

Market Growth Factors

Efficient management and monitoring capabilities of emission management software

By using advanced emission management software, companies and manufacturing units can monitor their greenhouse and carbon emissions precisely and in real-time legacy emission management. In addition, this software can make it easier for the management to look after the emission stages in real-time as per the government compliances.

The growing popularity of sustainable development

The rising popularity of sustainable development among governments would increase their emphasis on the sustainable development of the region. According to a study published by International Energy Agency (IEA), about 31.5 Giga tons CO2 was generated across the world during the year 2020. This huge number of emissions would increase the concerns of the authorities and thus, fuel the demand and growth of the emission management software market over the forecast period

Market Restraining Factors

High cost of management and implementation

The initial cost of deployment of emission management software is relatively high since this software is made to support all the possible processes related to emissions in the large-scale industries. In addition, there are several companies that are finding it difficult to implement this software due to the lack of proper infrastructure used to maintain and efficiently operate this software for better operational productivity.

Component Outlook

On the basis of component, the emission management software market is segmented into software and services. In 2020, the software segment acquired the largest share in the emission management software market and is anticipated to continue this trend over the forecast period. The emission management software helps in constant reporting, logging, and evaluation of emissions data, which make sure the fulfillment of compliance with permits & standards.

Industry Outlook

By industry, the emission management software market is fragmented into manufacturing, IT and telecom, government sector, energy & power, and others. The manufacturing segment procured the highest share in the emission management software market in 2020 and is estimated to continue this dominance over the forecast period. The manufacturing sector is one of the major users of emission management software as this sector heavily contributes to the overall emissions in the environment. Manufacturing facilities are more liable for various environmental regulations and standards.

Regional Outlook

Region-wise, the emission management software market is analyzed across North America, Europe, Asia Pacific, and LAMEA. North America is estimated to garner a prominent share in the emission management software market during the forecast period. It is owing to the swift digital transformation and growing adoption of cloud-based emissions management by different industries. In addition, the growing demand for clean and renewable energy in various developed nations like the US and Canada is augmenting the demand for emission management software across the region.

The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Accenture PLC, SAP SE and IBM Corporation are the forerunners in the Emission Management Software Market. Companies such as Cority Software, Inc., Broadcom, Inc., Fortive Corporation are some of the key innovators in the Market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Accenture PLC, Broadcom, Inc. (CA Technologies, Inc.), NortonLifeLock, Inc., Fortive Corporation, Greenstone plus, Cority Software, Inc. (Thoma Bravo), and Foresite Systems.

Recent strategies deployed in Emission Management Software Market

Partnerships, Collaborations and Agreements:

Nov-2021: Accenture came into a partnership with Envision Group, a leading digital energy company. This partnership aimed to assist customers to move towards net-zero. Together, the companies aimed to offer new digital technologies, service capabilities, industry experience, and a global network to assist companies more rapidly and effectively gain their net-zero targets.

Sep-2021: Accenture joined hands with Mastercard, an American multinational financial services corporation. This collaboration aimed to assess Accenture’s supplier landscape and provide Sustainability Cloud,?a platform that offers advanced capabilities to track, evaluate and take action on supplier-level carbon emissions data.

Aug-2021: Accenture, along with Microsoft formed a partnership with Duke Energy, American electric power and natural gas holding company. This partnership aimed to develop the latest technology platform designed to calculate actual baseline methane emissions from natural gas distribution systems.

Jul-2021: Accenture teamed up with Climeworks, a Swiss company specializing in carbon dioxide air capture technology. Under this collaboration, Accenture developed a digital plant solution for Climeworks, which helps the company in eliminating carbon dioxide (CO2) from the air more effectively.

Feb-2021: Accenture collaborated with Microsoft, an American multinational technology corporation. This collaboration aimed to accelerate the U.K.’s low-carbon transition. Together, the companies would assist utility and energy organizations to transform the energy system and reduce the cost of decarbonizing the supply & demand of electricity in the U.K., underpinned by artificial intelligence (AI), open data, and a digital workforce.

Feb-2021: IBM came into collaboration with bp, a British multinational oil, and gas company. Under this collaboration, bp joined the IBM Quantum Network to improve the usage of quantum computing in the energy sector. In addition, bp would work with IBM to explore utilizing quantum computing to resolve business and engineering challenges and explore the potential usage for driving efficiencies and decreasing carbon emissions.

Jun-2020: SAP joined hands with Honeywell, a German multinational software corporation. This collaboration aimed to develop a joint cloud-based solution based on Honeywell Forge, the company’s enterprise performance management offering, and SAP Cloud Platform, which can simplify and integrate operational & business data to support better decision-making and generate better efficiencies.

Acquisitions and Mergers:

May-2021: Cority took over WeSustain, developer of web-based software for enterprise sustainability management. This acquisition aimed to strengthen Cority’s European presence and position Cority for the swiftly emerging strategic impact of ESG factors in each key enterprise across the globe.

Product Launches and Product expansions:

Oct-2021: IBM launched Environmental Intelligence Suite. This suite aimed to assist enterprises to streamline and automate the management of environmental risks and start the operations of underlying processes that include carbon accounting and reduction, to fulfill environmental objectives.

Sep-2021: SAP unveiled SAP Product Footprint Management. This product enables enterprises to make their products more sustainable, reduce their carbon emissions, and disclose their products’ environmental footprints to regulators.

Aug-2021: Cority released its new Sustainability Cloud. This product is developed to offer companies with one source of truth and a 360° view of all sustainability & environmental, social, and governance (ESG) programs, Cority’s Sustainability Cloud make sure data is precise, auditable, and ready to be used for making transparent sustainability reports and ESG disclosures.

Jun-2021: Accenture released Green Cloud Advisor, a new capability for the Accenture myNav platform. This platform allows companies to work more sustainably and efficiently across cloud ecosystems, which further can help in minimizing emissions and waste with greener IT activities.

Geographical Expansions:

Sep-2021: Greenstone expanded its geographical footprint by opening an NYC office in North America. This office would support the company’s growth in the region.

Scope of the Study

Market Segments covered in the Report:

By Component

• Software

o Data Management

o Asset Performance Optimization

o Application Platform

o Forecasting Analytics

o Dashboard Tools

• Services

o Consulting & Training

o Support & Maintenance

By Industry

• Manufacturing

• IT & Telecom

• Government Sector

• Energy & Power

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• IBM Corporation

• SAP SE

• Accenture PLC

• Broadcom, Inc. (CA Technologies, Inc.)

• NortonLifeLock, Inc.

• Fortive Corporation

• Greenstone plus

• Cority Software, Inc. (Thoma Bravo)

• Foresite Systems

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• Highest number of market tables and figures

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• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06222243/?utm_source=GNW

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(GlobeNewsWire)