The Latin America, Middle East and Africa Emission Management Software Market would witness market growth of 18.2% CAGR during the forecast period (2021-2027).
The growth of the emission management software market would witness a surge due to the increasing focus on emission monitoring technology and efficient monitoring & management capabilities of the software. The rising importance of sustainability and a clean environment around the world is promoting the adoption of emission management software by companies.
Various benefits of emission management software like enhanced operational efficiency, communication of business metrics to shareholders, compliance with restrictive mandates, diversity in operations, advanced product & image, and reducing the business risks of climate change, are encouraging more companies to adopt this software.
To enhance the implementation of laws and regulations, the Ministry of Environmental Protection enforces spot checks across Israel. Governments across various nations of the region are increasingly focusing on the implementation of different acts and standards on industries to prevent and control emissions from industries. In addition, violations of any of the enforced rules and regulations can lead to legal penalties on the companies, and thus, enterprises are highly investing in the adoption of emission management software.
The Brazil market dominated the LAMEA Manufacturing Sector Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $202.8 million by 2027. The Argentina market would witness a CAGR of 17.4% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 16.4% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Emission Management Software Market is Predict to reach $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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