Spending on carbon footprint management systems will reach $12.4 billion by 2027 -- up from $9.34 billion in 2022, according to The Business Research Company. That's a 5.6% compound annual growth rate (CAGR), the report said.
Carbon footprint management tools allow organizations to identify opportunities for reducing material, water, waste, and energy use, thus reducing the carbon footprint of the company.
Key players in the market involved Capgemini's Sustainable IT group, and Radicle Group's Climate Smart business unit, the report noted. Additional businesses to know, according to the report, include:
Related: See more sustainability and Green IT market research here.