Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Sustainability and energy management software a system database of information associated with financial data, energy, resources, and other important factors. These factors aid enterprises to monitor, analyze, and control operations. This software is designed to help enterprises enhance energy and sustainability business performance through automated data analysis, management, and reporting. Currently, enterprises are necessitated to monitor and analyze their performance in numerous ways. Sustainability & energy management software support increased use of software in operations, compliance with regulatory obligations, streamlining of processes, effective understanding of risks, overlapping reporting requirements, etc.

The global sustainability & energy management software market is estimated to account for US$ 2,326.2 Mn in terms of value by the end of 2027.

Market Dynamics- Drivers

  1. Increasing investments EH&S and sustainability software is expected to drive growth of the global sustainability & energy management software market during the forecast period

Major organizations in various sectors such as oil & gas exploration and production are focused on strategizing, in order to create value through sustainability. These organizations seek to improve returns on capital day by reducing operating costs via improved natural-resource management, in order to achieve this goal. Moreover, key organizations in the market are regularly revising their business portfolios, in order to determine the potential impact of trends to leverage new growth opportunities. For instance, in March 2016, ArcelorMittal, a multinational steel manufacturing corporation, incorporated sustainability in its organizational design through a department for scientific analyses of the life cycles of steel products.

  1. Constant increase in regulatory obligations and industry guidelines are expected to propel the global sustainability & energy management software market growth over the forecast period

Major resource-focused industries use a large amount of water, raw materials, energy, and water resources. This, in turn, leads to a large number of emissions, solid waste, and effluents. Generally, these industries are subjected to various regulatory policies and norms. Furthermore, enterprises are focused on adopting sustainability management solutions in order to comply with strict regulatory policies. Therefore, these factors are expected to propel the global sustainability & energy management software market growth in the near future.

Statistics:

North America held dominant position in the global sustainability & energy management software market in 2019, accounting for 36.3% share in terms of value, followed by Europe, APAC, Latin America, and MEA respectively.

Figure 1: Global Sustainability & Energy Management Software Market Share (%), in terms of Value, By Region, 2019

Sustainability & Energy Management Software  | Coherent Market Insights

Market Dynamics- Restraints

  1. Lack of data, standards, and common practices within and across companies is expected to restrain growth of the global sustainability & energy management software market during the forecast period

There is a lack of reliable data, standards, and common practices within and across companies, which results in missed opportunities. Only major enterprises are practicing green initiatives such as lighting replacements, enhanced procurement strategies, and taking advantage of tax benefits for renewable energy generation. However, SMEs from emerging economies are yet to implement green initiatives, which in turn, is expected to restrain growth of the global sustainability & energy management software market during the forecast period.

  1. Non-compliance to government regulations is expected to hamper the global sustainability & energy management software market growth over the forecast period

Stringent government measures regarding environment protection often impose market access restrictions on for enterprises, which in turn affect competitiveness. The effect of such measures is comparatively more pronounced in emerging economies mainly due to lack of infrastructure and monitoring facilities, limited technology choices, inadequate access to environment-friendly raw materials, lack of reliable data, and large number of small-scale exporters. For instance, in developed economies such as the U.S., Canada, and countries in Europe, SMEs in the leather sector have vanished due to strict environmental legislation. However, in emerging economies, majority of the tanning industry comprises SMEs processing raw to semi-finished leather.

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$  987.7 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 11.4% 2027 Value Projection: US$  2,326.2 Mn
Geographies covered:
  • North America: U.S.,Canada.
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Software: Cloud Based, On Premise.
  • By End Use Application: Automotive, Building Automation, Oil & Gas, Manufacturing, Pharmaceutical, Utilities & Energy, Others
  • By Module: Utility Data Management, Carbon Reporting & Management, Sustainability Reporting & Management, Energy Optimization, Facility & Asset Management, Compliance Management
 Companies covered (15):

IBM Corp. (TRIRIGA), Figbytes Inc., Schneider Electric, Gensuite LLC, SAP SE, Envizi, ICONICS, Inc., Ecova, Inc. Urjanet, Verisae, Inc., Thinkstep, UL EHS Sustainability, Enablon, Sphera, CA Technologies, and Accuvio.

Growth Drivers:
  • Increasing investments EH&S and sustainability software
  • Constant increase in regulatory obligations and industry guidelines
Restraints & Challenges:
  • Lack of data, standards, and common practices within and across companies
  • Non-compliance to government regulations

Market Opportunities

  1. Growing adoption of cloud computing can present lucrative growth opportunities

Many sectors have started adopting cloud computing for various applications. However, its benefits still remain undervalued in the sustainability and energy management space. Cloud-based technology provides various benefits of updating and upgrading software in real-time, thereby allowing users to utilize data more efficiently. It can be adopted in enterprises to gain significant benefits such as robustness, scalability, reduced complexity, low cost, and granular level of visibility of sustainable information. Moreover, these solutions can help companies improve their performance, achieve greater return on investment, and generate more efficient reports.

  1. Providing end-to-end customer experience can offer major business opportunities

SMEs are demanding software solutions that are sophisticated, convenient, and provide value-for-money. Thus, delivering different choices in options can create immense potential revenue opportunities for sustainability & energy management software vendors. Providing an end-to-end customer experience that complies with industry standards can offer major business opportunities for market players in the near future.

Figure 2: Global Sustainability & Energy Management Software Market Value (US$ Mn), 2017 - 2027

Sustainability & Energy Management Software  | Coherent Market Insights

The global sustainability & energy management software market was valued at US$ 987.7 Mn in 2019 and is forecast to reach a value of US$ 2,326.2 Mn by 2027 at a CAGR of 11.4% between 2020 and 2027.

Market Trends

  1. Constant partnership and collaboration activities among major companies

Key players operating in the market are focused on partnerships and collaborations, in order to expand portfolio and gain a competitive edge in the market. For instance, in October 2016, Schneider Electric partnered with Panasonic Corporation, which is a developer electronics technologies and solutions, in order to simplify energy management with innovative integration and optimize building efficiency and installation costs. In February 2016, IBM Corporation partnered with Siemens Building Technologies Division and launched cloud-based building management platform leveraging enterprise asset management and data analytics technologies.

  1. Increasing merger and acquisition activities is another trend

Major market players are involved in merger and acquisition activities, in order to enhance the market presence and gain a significant advantage. For instance, in 2016, Accruent acquired Verisae Inc., in order to improve its market reach and industry visibility. Furthermore, in 2016, Accruent acquired BigCenter (Business Integration Group, Inc.).

Value Chain Analysis

Software industry value chain consists of a complex structure which includes several stages, with each stage further disaggregated in multiple activities. Interactions and linkages established between each phase and among different stages are the main determinant of the industry effectiveness and success.

Competitive Section

Key players operating in the global sustainability & energy management software market are IBM Corp. (TRIRIGA), Figbytes Inc., Schneider Electric, Gensuite LLC, SAP SE, Envizi, ICONICS, Inc., Ecova, Inc. Urjanet, Verisae, Inc., Thinkstep, UL EHS Sustainability, Enablon, Sphera, CA Technologies, and Accuvio.

Key Development

  1. Major companies in the market are focused on mergers and acquisitions, in order to enhance the market presence. For instance, in February 2017, IBM Corporation acquired privately-held TRIRIGA, Inc., a provider of estate management software solutions.
  2. Key players in the market are involved in product launches, in order to gain a competitive edge in the market. For instance, in March 2020, Schneider Electric introduced a new estate management software EcoStruxure.

Sustainability and energy management software a system database of information associated with financial data, energy, resources, and other important factors. These solutions are comprised of project planning and management, portfolio management, scenario planning, and supply chain management thereby allowing the transformation of corporate energy and sustainability practices. . Currently, enterprises are necessitated to monitor and analyze their performance in numerous ways. Sustainability & energy management software support increased use of software in operations, compliance with regulatory obligations, streamlining of processes, effective understanding of risks, overlapping reporting requirements, etc.

Market Dynamics

Industry across the globe are heavily dependent upon the natural resources such as oil, gas, and water and other for their daily usage. Generally, these industries are subjected to various regulatory policies and norms. Increasing strict regulatory policies are helping adoption of Sustainability and energy management software at global level. Furthermore, to control the emission, these industries are heavily adopting the Sustainability and energy management software.

Furthermore, SMEs are demanding software solutions that are sophisticated, convenient, and provide value-for-money. Thus, delivering different choices in options can create immense potential revenue opportunities for sustainability & energy management software vendors. Providing an end-to-end customer experience that complies with industry standards can offer major business opportunities for market players in the near future.

Market Taxonomy

This report segments the global sustainability and energy management software market on the basis of Software, End Use Application, Module and region. On the basis of Software, the global sustainability and energy management software market is segmented into Cloud Based and On Premise. On the basis of End Use Application, the global sustainability and energy management software market is segmented into Automotive, Building Automation, Oil & Gas, Manufacturing, Pharmaceutical, Utilities & Energy and Others. On the basis of Module, the global sustainability and energy management software market is segmented into Utility Data Management, Carbon Reporting & Management, Sustainability Reporting & Management, Energy Optimization, Facility & Asset Management, and Compliance Management. On the basis of region, the global sustainability and energy management software market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global sustainability and energy management software market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global sustainability and energy management software market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global sustainability and energy management software market are are IBM Corp. (TRIRIGA), Figbytes Inc., Schneider Electric, Gensuite LLC, SAP SE, Envizi, ICONICS, Inc., Ecova, Inc., Urjanet, Verisae, Inc., Thinkstep, UL EHS Sustainability, Sphera, Enablon, CA Technologies, and Accuvio.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global sustainability and energy management software market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global sustainability and energy management software market.

Detailed Segmentation:

  • Global Sustainability & Energy Management Software Market, By Software:
    • Cloud Based
    • On Premise
  • Global Sustainability & Energy Management Software Market, By End Use Application:
    • Automotive
    • Building Automation
    • Oil & Gas
    • Manufacturing
    • Pharmaceutical
    • Utilities & Energy
    • Others
  • Global Sustainability & Energy Management Software Market, By Module:
    • Utility Data Management
    • Carbon Reporting & Management
    • Sustainability Reporting & Management
    • Energy Optimization
    • Facility & Asset Management
    • Compliance Management
  • Global Sustainability & Energy Management Software Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • IBM Corp. (TRIRIGA)*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Figbytes Inc.
    • Schneider Electric
    • Gensuite LLC
    • SAP SE
    • Envizi
    • ICONICS, Inc.
    • Ecova, Inc.
    • Urjanet
    • Verisae, Inc.
    • Thinkstep
    • UL EHS Sustainability
    • Sphera
    • Enablon
    • CA Technologies
    • Accuvio

*Browse all the market data tables and figures on “Global Sustainability & Energy Management Software Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Software
      • Market Snippet, By Vehicle Type
      • Market Snippet, By Module
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New System Launch/Approval
  4. Global Sustainability & Energy Management Software Market, By Software, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Cloud Based
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • On Premise
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  5. Global Sustainability & Energy Management Software Market, By Vehicle Type, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Automotive
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Building Automation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Oil & Gas
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Manufacturing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Utilities & Energy
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Sustainability & Energy Management Software Market, By Module, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Segment Trends
    • Utility Data Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Carbon Reporting & Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Sustainability Reporting & Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Energy Optimization
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Facility & Asset Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Compliance Management
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Sustainability & Energy Management Software Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Software, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Module, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Software, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Module, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Software, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Module, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Software, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Module, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Software, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Vehicle Type, 2020–2027 (US$ Million)
      • Market Size and Forecast, By Module, 2020–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • HELLA KGaA Hueck & Co.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Figbytes Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Schneider Electric
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Gensuite LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SAP SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Envizi
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • ICONICS, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Ecova, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Urjanet
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Verisae, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Thinkstep
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • UL EHS Sustainability
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sphera
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Enablon
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CA Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Accuvio
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse XX market data tables and XX figures on “Global Sustainability & Energy Management Software Market-forecast to 2027”

Frequently Asked Questions

The global sustainability & energy management software market size was valued at US$ 987.7 million in 2019 and is estimated to exhibit a CAGR of 11.4% between 2020 and 2027.
On premise, segment held the major market share in 2019 owing to increasing investments EH&S and sustainability software.
Major factor driving the growth of global sustainability & energy management software market during the forecast period are increasing investments EH&S and sustainability software and Constant increase in regulatory obligations and industry guidelines.
Major factors hampering the growth of the sustainability & energy management software market during the forecast period is Lack of data, standards, and common practices within and across companies.
North America sustainability & energy management software market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are IBM Corp. (TRIRIGA), Figbytes Inc., Schneider Electric, Gensuite LLC, SAP SE, Envizi, ICONICS, Inc., Ecova, Inc. Urjanet, Verisae, Inc., Thinkstep, UL EHS Sustainability, Enablon, Sphera, CA Technologies, and Accuvio.
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