Global Sustainability and Energy Management Software market trends 2024, Forecast To 2033

The sustainability and energy management software market size has grown rapidly in recent years. It will grow from $1.35 billion in 2023 to$1.54 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to corporate sustainability initiatives, regulatory compliance requirements, energy cost savings, growing awareness of climate change. The sustainability and energy management software market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth in the forecast period can be attributed to demand for transparency and reporting, increasing investor and consumer focus on sustainability, supply chain sustainability management, evolving esg (environmental, social, and governance) standards. Major trends in the forecast period include decision-making through data analytics, transparency and stakeholder communication, sustainability in supply chains, renewable energy integration, digitalization and iot integration.