Pike Research Forecasts More than Tenfold Growth in Carbon Management Software and Services Market by 2017

Corporations are dealing with ways to precisely measure and reduce carbon footprints to meet the demands of government mandates, corporate sustainability programs and industry initiatives.  Companies across the world are making use of enterprise carbon management tools to bring about reductions in carbon footprint. A recent report from Pike Research indicated that the worldwide market for carbon management software and services will increase from $384 million in the year 2009 to $4.3 billion by the year 2017, a compound annual growth rate of more than 40 percent.

Clint Wheelock, Managing Director, remarked that carbon accounting is a developing field and competition exists between young startups and many established companies, which also include heavyweight software and IT services companies. Wheelock states that corporations are also competing within themselves as some of them are intending to provide their customers with homegrown tools at a low cost or for free. The carbon management companies to watch out in the coming years include Accenture, PwC, Deloitte, Hara, PE International, HIS, Symantec, CA, IBM, SAP and SAS.

Pike Research forecasts that North America will be the next leader in the market for carbon management software and services by the year 2013 though Western Europe is at present the leading regional market. Almost 80 percent of the global carbon management industry will be represented in the coming years by North America and Western Europe.

“Carbon Management Software and Services,” a study conducted by Pike Research analyzes regional and global management tools and it also forecasts market growth by industry and region through the year 2017. Information on the carbon management initiatives of large enterprise end-users is provided in this report. In-depth assessment of competitive landscape and SWOT analysis of large software and service vendors are also provided in this report.

Source: http://www.pikeresearch.com/

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