Sustainability & Energy Management Software Market Exhibits a Stunning Growth Potentials | Accuvio, Accruent LLC, CA Technologies, Ecova Inc., & Enablon SA.



 Sustainability and energy management software is essentially a database of data about the use of energy, resources, financial data, and other critical elements that aids businesses in making their operations more sustainable and efficient. Enterprises employ sustainability and energy management software solutions to improve their energy and sustainability business performance through automated data administration, analysis, and reporting in the majority of cases.

These solutions serve as a tool for project planning and management, scenario planning, portfolio management, and supply chain management, assisting in the achievement of process sustainability and energy savings targets. In addition to delivering value to shareholders and investors, today's businesses are being scrutinized for their contributions to environmental and sustainability goals. Sustainability and energy management software is used to facilitate this process by maximizing the use of scarce resources and reducing the carbon footprint to generate higher productivity in an environmentally responsible manner.

In 2017, the global sustainability and energy management software market was anticipated to be worth approximately US$ 900 million, and by the end of 2024, it is expected to be worth more than US$ 1700 million. Between 2016 and 2024, the market is estimated to provide a total incremental potential of about US$ 1000 million. During the forecast period, the worldwide sustainability and energy management software market is expected to grow at a CAGR of 10.8%. (2016-2024).

Organizations are becoming more conscious of the need for sustainability management:

Instead of approaching sustainability and energy management as a legislative requirement, there is now a greater understanding of the notion in businesses. This is particularly true for businesses in the manufacturing, chemical, and oil and gas industries.

Several aspects, such as supply chain de-risking, operating in resource-stressed locations, reliable and cost-effective energy supplies, and product stewardship efforts are increasingly included in the scope of sustainability management. Another way to look at this emerging situation is as a result of increased competition among businesses. As a result of this intense competition, businesses are seeking to differentiate themselves by incorporating sustainable and energy-saving methodologies into their business processes, which sets them apart from their competitors.

By the end of 2024, this segment is predicted to be the most dominant, with a revenue share of 28.3 percent. The building automation segment's significant CAGR is attributable in part to the fact that it is rising from a lower base than the oil and gas and manufacturing segments, and partly to the fact that new structures are increasingly implementing sustainable building practices.

Major key players of global sustainability and energy management software market:

  • Accueil,
  •  Accruent LLC,
  • CA Technologies, Inc.
  • Ecova, Inc.
  • Enablon SA.
  • Envizi
  • Figbytes Inc.
  • Gensuite LLC
  • IBM
  • Iconics, Inc. 

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