Insights on the Emission Management Software Global Market to 2027 – Efficient Management and Monitoring Capabilities of Emission Management Software is Driving Growth – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Emission Management Software Market By Component (Software and Services), By Industry (Manufacturing, IT & Telecom, Government Sector, Energy & Power, and Others), By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” report has been added to ResearchAndMarkets.com’s offering.
The Global Emission Management Software Market size is expected to reach $25.43 billion by 2027, rising at a market growth of 17.5% CAGR during the forecast period.
A software that helps companies to manage the processes related to the emissions of the industrial facilities or complicated sites is termed as emission management software. 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 is expected to 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 is expected to 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.
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 is expected to 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 is expected to 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 Factor:
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.
Market Segments Covered in the Report:
By Component
-
Software
- Data Management
- Asset Performance Optimization
- Application Platform
- Forecasting Analytics
- Dashboard Tools
-
Services
- Consulting & Training
- Support & Maintenance
By Industry
- Manufacturing
- IT & Telecom
- Government Sector
- Energy & Power
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
- IBM Corporation
- SAP SE
- Accenture PLC
- Broadcom, Inc. (CA Technologies, Inc.)
- NortonLifeLock, Inc.
- Fortive Corporation
- Greenstone plus
- Cority Software, Inc. (Thoma Bravo)
- Foresite Systems
For more information about this report visit https://www.researchandmarkets.com/r/s4sdfa
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