The Europe Emission Management Software Market would witness market growth of 16.7% CAGR during the forecast period (2021-2027).
Emissions regulations constantly need detailed descriptions of the manufacturing or industrial facilities and processes, which emit gases into the ecosystem. Companies need to keep a record of what kind of emission their facilities do such as methane emission, CO2 emission, and many more, which helps the governments or regulatory authorities to look into the environment and corporate sustainability.
The future perspective of the companies, as well as people regarding climatic conditions, would escalate the demand for advanced solutions to manage the industrial emissions. The rise in the number of standards for emission like the Industrial Emissions Directive in Europe would open new growth avenues for the emission management software market during the forecast period.
According to Eurostat, the statistical office of the European Union, the largest contributor of the total greenhouse gas emissions in Europe is the energy-producing industries in 2018. Owing to this, governments have rolled out numerous compliances and regulations to control the emissions from various industries. For instance, Russia joined the Paris climate accords in 2019 as its first step toward regulating carbon emissions. Several new laws restrict the emission of chemical compounds into the environment within a certain limit, which cannot be pushed by companies.
The Germany market dominated the Europe Data Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $549 million by 2027. The UK market would witness a CAGR of 14.4% during (2021 - 2027). Additionally, The France market is poised to grow a CAGR of 16.1% during (2021 - 2027).
Based on Component, the market is segmented into Software (Data Management, Asset Performance Optimization, Application Platform, Forecasting Analytics, and Dashboard Tools) and Services (Consulting & Training and Support & Maintenance). Based on Industry, the market is segmented into Manufacturing, IT & Telecom, Government Sector, Energy & Power, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Emission Management Software Market Size will Hit $25.43 billion by 2027, at a CAGR of 17.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, SAP SE, Accenture PLC, Broadcom, Inc. (CA Technologies, Inc.), NortonLifeLock, Inc., Fortive Corporation, Greenstone plus, Cority Software, Inc. (Thoma Bravo), and Foresite Systems.
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