Emission Management Software Market Size, Share, and Trends 2024 to 2033

Emission Management Software Market Size and Forecast 

The global emission management software market size was USD 16.27 billion in 2023, calculated at USD 18.83 billion in 2024 and is expected to reach around USD 70.06 billion by 2033, expanding at a solid CAGR of 15.72% from 2024 to 2033. The rising emphasis on managing industrial pollution in various countries acts as a major driver for the emission management software market.

Emission Management Software Market Key Takeaways

• North America led the emission management software market with the largest market size in 2023.
• Asia Pacific is expected to witness the fastest growth in the market during the forecast period.
• By component, the software segment dominated the market with the largest share in 2023.
• By software, the data management segment held a notable share in 2023.
• By services, the support and maintenance segment is expected to grow at a significant rate during the forecast period.
• By industry, the manufacturing segment led the market in 2023.

Emission Management Software Market Overview

The emission management software market offers tools or software that are used to support all the scenarios that are associated to the emission in the large-scale industries. The scale of the emission management software totally depends upon the functionality and operational level weather it is single plants or facilities. Emission management software is majorly works on the function to maintain consent with the regulation and legal permits that consists of financial security and operational boundaries for the industrial and non-industrial operations sites. The increasing industrialization in the economically developing countries causes the higher greenhouse gas emission in the environment and the rising government regularities for controlling the emission on environment that drives the growth of the compliance emission management software market.

Emission Management Software Market Growth Factors

• The increasing industrialization and the rising concern about environmental pollution is driving the increasing demand for the emission management software market.
• Emission management software provides accurate statistics about the greenhouse gas emission from the major manufacturing industries that results in the higher adoption of these software drives the growth of the market.
• The rising economic development in the several countries that drives the rising investments in the industrial development that causes the negative impacts on the environment by the emission of the pollutant gas that drives the demand for the emission management software system.
• The rising technological adaptation like cloud and AI in EMS on the manufacturing and other industrial application are contributing in the expansion of the market.
• Rising environmental pollution in the countries and the rising government regulations on reducing carbon emission on the environment are driving the growth of the emission management software market.

Emission Management Software Market Scope

Emission Management Software Market Dynamics

Driver

Rising government regulation regarding emission control

The increasing strict regulations regarding greenhouse gas emission in the environment on the industries that are driving the demand for the efficient emission monitoring and controlling systems are observed to act as a driver for the emission management software market. Emission management software aims to comply with the environmental regulations with the tools for measuring, controlling, and document emission output. The software helps in the analysis, and estimation of emission supported by calculations, scenarios, and the representation of emission data. It helps with the reporting via automated report delivery and generation. Thus, the added benefits associated with the emission management software are driving the growth of the market.

• The EU ETS is a cornerstone of the EU's policy to combat climate change and reduce greenhouse gas emissions cost-effectively. It operates on a cap-and-trade principle, setting a cap on the total amount of greenhouse gases that can be emitted by installations covered by the system.
• The National Greenhouse and Energy Reporting (NGER) scheme in Australia requires corporations to report their greenhouse gas emissions, energy production, and energy consumption to the Clean Energy Regulator.

Restraint

High cost of installation

The transition to a new system can face resistance from employees accustomed to existing processes, requiring additional efforts in change management. Thereby, the high cost of installation is the major restraining factor of the emission management software market. Maintaining the software, including regular updates and technical support, incurs continuous costs. This can be a financial burden, especially for companies that are already operating on thin margins.

Opportunity

Technological advancements in the emission management software

The integration of advanced technologies such as artificial intelligence, internet of things (IoT), cloud emission management software are driving the opportunities in the growth of the market. The technologies like artificial intelligence and real-time monitoring solution provides more accurate insights about the current scenarios in the emission management. The integration of technologies provides real time insights and the solution and the source of carbon emission in the environment that helps in controlling the carbon emission. Additionally, the rising investments on research and development activities on the technological innovations in the emission controlling system that drives the growth of the emission management software market.

Component Insights

The software segment dominated the market with the highest market growth in 2023. The growth of the segment is attributed to the rising adoption of the emission management software by the major manufacturing companies or industries for managing the emission control caused by the greenhouse gases released by industries on environment. The rising strict regulations regarding greenhouse gas emission are creating an increasing demand for emission management software. The software is used in the collection data, emission monitoring, and sustainability reporting. Emission management enhanced the business performance with the reduces operating cost, improve brand perception, satisfying consumer demand, maintaining the business risks of climate change, comply with the regularity standards, and communicate business metrics to stakeholders.

Software Insights

The data management segment held a significant share of the emission management software market in 2023. Data management plays a crucial role in the emission management system. Data management uses big data and analytics tools to gain the actionable insights of the carbon footprint and helps to make an informed decision to reduce the carbon impacts on the environment. Data management leveraging data analytics to predict the upcoming emission trends by analyzing the historical data. Emission data analytics is an important part of the software is used in optimizing the marginal abatement cost curve (MAC) by selecting targets and identify the gaps for the affordable transitions.

Services Insights

The support and maintenance segment is expected to grow at a notable rate in the emission management software market during the forecast period. The implementation of the emission management software in the support and maintenance services for the detecting and monitoring of carbon footprints in the organizations. The rising investments in the installation of technologically advanced emission management software into organizations are driving the expansion of the market.

As more industries and organizations adopt emission management software to comply with stringent environmental regulations and reduce their carbon footprint, the demand for ongoing support and maintenance services grows. Users require assistance with software updates, troubleshooting, and optimizing the software's performance.

Industry Insights

The manufacturing segment led the emission management software market in 2023. The increasing deployment of emission management software in the manufacturing industries is driving the expansion of the market. It is specially designed to meet the demand for the maintaining and managing the emission in corporate organizations and many manufacturing industries. The emission management software uses data collection, emission monitoring, sustainability reporting. It provides real-time monitoring and helps in decision making and strategic planning with the help of real-time insights, and historic data for predicting the future. The increasing investment in the manufacturing industries for the meeting the increasing consumer demand.

Regional Insights

North America led the emission management software market with the largest market size in 2023. The growth of the market in the region is attributed to the rising industrialization due to the economic development in the regional countries like the United States, and Canada that causes the increased carbon emission in the environment which fuels the demand for the emission monitoring and controlling software that drives the growth of the emission management software market. The rising investments on the advancements on the software like AI, IoT, and real-time monitoring that provides the real time insights about the emission management which accelerates the demand for the emission management software market in the region.

Asia Pacific is expected to witness the fastest growth in the market during the forecast period. The growth of the market in the region is expected to increase its market size with the rising government support in the development of the industrialization and higher carbon emission on the environment that will boosting the demand for the emission management software market in the region. Environmental regulations in Asian countries are becoming more complex and varied across different regions and industries. Emission management software providers offer support services to help clients navigate these regulatory landscapes effectively. This includes ensuring that the software remains up to date with the latest compliance requirements and standards.

Emission Management Software Market Companies

• CARBONETWORKS
• GREENSTONE CARBON MANAGEMENT
• CCENTURE
• IBM CORPORATION
• FORESITE SYSTEMS
• HARA
• ENVIANCE
• SAP
• SYMANTEC

Recent Developments

• In May 2024, Kohima SP Markad introduces AVL 437 DUO vehicle checking machine funded by the National Clean Air Programme for enforcing the emission norms. The machine is launched for checking the emission level on the petrol and diesel vehicles.
• In May 2024, Siemens Smart Infrastructure launched the Depot360, a range of fleet electrification. In the Canada transportation is the second biggest reason for the emission. The Depot360 will initially focuses on the private bus fleets, logistics vehicles, and municipal transit.
• In May 2024, GumGum, a leading digital advertising platform announced the 38% of the decrease in bidstream carbon emissions in 2023 with the collaboration of Assertive Yield (AY), a leading player in the AI-driven traffic shaping solution for publishers and supply-side platforms (SSPs).
• In April 2024, the Hyundai Motor India Foundation (HMIF) has introduces the EcoGram in Gurugram, Haryana. These environment friendly projects includes material recovery facilities, and Biogas plant in operation since 2022.
• In April 2024, LoCI Controls, Inc., a leading player in real-time data and control technology to expand methane capture and reduce emissions from landfills, granted the first-ever U.S. patent that covers for using emission environment to optimize landfill gas collection system.
• In April 2024, True Digital Group get into the collaboration with the Alibaba Group’s Alibaba Cloud, the digital technology and intelligence backbone of the organization for launching  "Climate Technology Platform" for the businesses to finds energy efficiency challenges, and adopting the advancement in technologies for increasing growth of the Thailand's green transition.

Segments Covered in the Report

By Component

• Software
• Service

By Software

• Data Management
• Asset Performance Optimization
• Application Platform
• Forecasting Analytics
• Dashboard Tools

By Services

• Consulting and Training
• Support and Maintenance

By Industry

• Manufacturing
• IT and Telecom
• Government Sector
• Energy and Power
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa