2Sustain

These days, more and more companies are seeking out ways to measure and reduce their environmental impact. They’re responding to new targets set by in-house sustainability programs, industry guidelines, and impending government mandates –and as a result, they’re creating a market for innovative carbon management services designed to help them meet their goals.

In fact, according to a new report from Pike Research, the global market for carbon management software and services will expand from $384 million in 2009 to more than $4.3 billion by 2017 –that represents a compound annual growth rate of more than 40 percent!

Not surprisingly, Pike Research found that supply chain mandates (see earlier posts here and here) are significant drivers for carbon management software and services. Since the majority of a company’s carbon footprint is embedded in its supplier network, it makes sense that companies would focus sustainability efforts there.

The new study, “Carbon Management Software and Services”, takes a look at these global and regional carbon management trends, and it forecasts market size and growth prospects by region and industry through 2017.

The research reveals that currently, Western Europe is the largest regional market for carbon management software and services. But, Pike Research predicts that North America will become the new leader by 2013. Over the coming years, these two regions together will represent approximately 80 percent of the global carbon management industry.

For more information about how to calculate a carbon footprint, see here.