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Global Sustainability & Energy Management Software
Market will Net US$ 1.7 Bn Revenues during 2016-2024
In the report, titled “Sustainability & Energy Management Software Market: Global Industry
Analysis and Forecast, 2016-2024,” North America has been currently observed as the
largest sustainability & energy management software market in the world. Although, towards the
latter half of the forecast period, the region will lose out its global dominance for sustainability &
energy management software to Europe. With more than one-third share, Europe’s sustainability &
energy management software market will be at the forefront, replacing North America as dominant
region. Through 2024, even Europe is likely to be outpaced by rampant adoption of sustainability &
energy management software in Asia-Pacific. The report expects that the Asia-Pacific sustainability
& energy management software market will soar at 13.4% CAGR throughout the forecast period.
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According to Persistence Market Research’s recently published report on the global market for
sustainability & energy management software, factors driving the growth in demand for such
software include:
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Leading organizations across multiple industrial verticals are investing in development of
such software to improve profit margins by ensuring greater return on capital and by
reducing operating costs through advanced natural-resource management
As more companies are being aware of the benefits of sustainability & energy management
software, developers are advancing their offerings through intrinsic reformations and custommade deliveries, which is incidentally helping companies employ sustainability & energy
management programs along industrial guidelines & regulatory obligations
Vendors are adopting sustainability & energy management software to capitalize
opportunistic profits from big data analytics, cloud computing, remote connectivity, mobility
and other emerging technologies.
The report estimates that the US$ 753.3 Mn market for sustainability & energy management
software will expand across the globe at 10.8% CAGR to bringing in a little over US$ 1,700 Mn by
the end of 2024. During this eight-year forecast period, above factors will instrument an impressive
revenue growth for the global sustainability & energy management software market.
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http://www.persistencemarketresearch.com/market-research/sustainability-energymanagement-software-market/toc
The report further reveals that the global sustainability & energy management software market will
remain split between on-premise and cloud-based software. In 2017, on-premise sustainability &
energy management software will be in great demand, but will lose out to cloud-based software by
the end of 2024. Cloud-based sustainability & energy management software are projected to
account for more than half of global market revenues, towards the end of the forecast period.
Automotive, building automation, utilities & energy, and oil & gas are noted as the most lucrative
end-use industries for sustainability & energy management software. Collectively, these four enduse applications of sustainability & energy management software will register revenue growth at
more than 11% CAGR. Likewise, carbon reporting & management modules in sustainability &
energy management software will remain in great demand. Demand for software with sustainability
reporting module is also expected to grow over the years, and is anticipated to exhibit highest
revenue growth at 13.4% CAGR.
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research/sustainability-energy-management-software-market.asp
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