Latest News- Sustainability Management Software Market: IT and telecom is expected to lead the Application segment during 2025-2029

The Sustainability Management Software Market is being driven by Shift toward green initiatives

The Sustainability Management Software Market is expected to grow at a CAGR of 15% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1618.3 million. In today's business landscape, enterprises are increasingly focusing on energy efficiency to mitigate rising energy costs and comply with stringent energy regulations. Energy suppliers are imposing significant penalties on organizations using inefficient devices with low power factors. Moreover, governments worldwide are setting higher energy standards and carbon footprint reduction targets. To address these challenges, businesses in the energy sector are leveraging big data and analytics technologies. These advanced tools enable predictive modeling to optimize energy consumption, reduce operational expenditures, and ensure regulatory compliance through real-time data analytics. In essence, access to real-time information is crucial for businesses to maintain competitiveness and sustainability in the energy market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Shift toward green initiatives
• Need for better brand positioning and operational efficiency
• Increased demand across large and small medium enterprises

However, the market also witnesses some limitations, which are as follows:

• Integration issues with ERP solutions
• Lack of standards, training, and development
• Complications in strategy formulation

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Market Scope in Sustainability Management Software Market Research Report

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Research Analysis Overview

The Sustainability Management Software market encompasses solutions designed to help businesses manage and reduce their Carbon Emissions, Energy Management, and utilization of Renewable Resources. These software offerings include Implementation and Consulting Services, and can be Cloud-Based, On-Premise, or Hybrid Cloud. Key features include Automated Data Management, Reporting, Project Planning, Scenario Planning, Energy Saving, and Carbon Footprint Reduction. They aid in Climate Change mitigation, Corporate Strategy development, and the adoption of Sustainable Practices, primarily in the Manufacturing Sector.

Market Research Overview

The Sustainability Management Software market is a segment of the expansive IT software industry, encompassing organizations specializing in the creation and distribution of applications and systems software, including Carbon Emissions tracking, Energy Management, Green Energy, and Renewable Resource solutions. This sector falls under the broader System Software Market, which comprises businesses involved in the development and implementation of Application Development and Management Software, Cloud Computing Software, Data Centers, Hosting Software, IT Management Software, Mobility Software, Networking Software, Security Software, and Storage Software. Technavio determines the size of the System Software Market by aggregating the revenues of companies providing all types of systems software, including cloud-based offerings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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