Covid-19 Impact Sustainability Management Software Market to exceed of USD 900 million by 2027

Posted April 15, 2021 by marketresearch1292

Market Research Future (MRFR) asserts that the global sustainability management software market is set to reach the value of approximately USD 900 million by 2027.

Sustainability Management Software Market Scenario:

The COVID-19 pandemic disruption is estimated to transform the Sustainability Management Software Market, in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Sustainability Management Software Market, meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.

Market Research Future (MRFR) asserts that the global sustainability management software market is set to reach the value of approximately USD 900 million by 2027. The market is expanding at 7% CAGR during the forecast period (2020-2027).

Sustainability management software helps an organization to effectively track, measure, and report on their sustainability initiatives. This will subsequently enable the organization to function with the least impact possible on the environment. To put it simply, it aids enterprises in enhancing their business performance via automated analysis, data management and reporting.

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Competitive Outlook:

The key players who are contributing to the market are Verisae, Inc. (U.S.), Thinkstep (Germany), Schneider Electric (France), IBM Corporation (U.S.), SAP SE (Germany), CA Technologies (U.S.), Urjanet Inc (U.S.), Accuvio (Ireland), Ecova Inc. (U.S.), Figbytes Inc. (Canada), among others.


• The sustainability management software market can be segmented based on component, deployment, and application.
• The component segmented is sub-segmented into software and service. The software comprises of sustainability performance and project management software, sustainable product development software, collaboration and communication system, infrastructure management software and corporate social responsibility data management software. Sustainability performance and project management software empower an organization by establishing project initiatives at corporate or site level, by focusing on executing strategy and increasing returns. It also improves enterprise reporting accuracy and usability and minimizes time and cost required for gathering data.
• By deployment, the market is segmented into cloud-based and on-premise. Cloud-based sustainability management software is predicted to claim the largest market share. The segment is rising at a phenomenal rate on account of various benefits it offers, such as reduction in IT costs, flexibility of work practices, scalability, and convenience.
• Various applications of sustainability management software are healthcare, manufacturing, oil & gas, automotive, IT and telecommunication and others. Sustainability management software is highly imperative for efficient and smooth running of operations in healthcare sector. With large database of patients and need to handle several sets of information about the patient, the healthcare industry makes high demand for the software to help with these issues.

Regional Analysis:

The regional analysis of sustainability management software market has been studied for regions, namely Asia Pacific, North America, Europe and Rest of the World.

North America is the leading player in the global sustainability management software market due to major sustainability management software manufacturers present in the region.

However, as per the report, the Europe region is expected to dominate the market in the future due to presence of leading organizations who are investing in software development in order to improve their profit margins. Moreover, growing awareness amongst these market players regarding the benefits of sustainability management software has been instrumental in the market growth in the region as well.

APAC is the fastest growing region in the sustainability management market on account of increasing awareness among enterprises and flourishing IT infrastructure. Rapid industrialization and improving economy have also propelled the market growth in the region.

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Table of Contents:

1 Market Introduction
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis

About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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Last Updated April 15, 2021