
Report ID: SQMIG45A2542
SkyQuest Technology's Esg reporting software market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global ESG Reporting Software Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Global ESG Reporting Software Market size was valued at USD 1.1 billion in 2023 and is poised to grow from USD 1.3 billion in 2024 to USD 4.88 billion by 2032, growing at a CAGR of 18.0% during the forecast period (2025-2032).
The growing implementation of stringent environmental, social, and governance (ESG) regulations across regions is a significant driver for the global ESG reporting software market. Governments, regulators, and financial institutions are mandating more transparent and consistent ESG reporting standards to ensure that companies align their operations with sustainability goals and provide clear, verifiable data. These regulations push companies to comply with set reporting frameworks like GRI (Global Reporting Initiative) or TCFD (Task Force on Climate-related Financial Disclosures). As non-compliance may lead to financial penalties and reputational risks, organizations are increasingly turning to specialized ESG reporting software for efficient data management, reporting automation, and ensuring compliance, thereby propelling market growth.
The escalating demand for greater transparency from investors, consumers, and other stakeholders is a key trend driving the global ESG reporting software sector. As societal awareness of environmental and social issues increases, stakeholders are pressuring companies to disclose their sustainability performance, ethical practices, and governance structures. Investors now consider ESG criteria when making decisions, and consumers prefer brands with responsible practices. To meet these expectations, companies must effectively track, manage, and communicate their ESG efforts. ESG reporting software helps streamline this process by providing accurate, up-to-date data, fostering trust, and securing long-term value, thereby driving software adoption.x
How does AI Enable Real-Time Insights in ESG Reporting Software?
Artificial Intelligence (AI) is significantly transforming the global ESG reporting software market by enhancing data accuracy, automating compliance, and enabling real-time insights. AI-driven tools streamline the collection of ESG data from various sources—such as internal systems, regulatory filings, third-party databases, and public disclosures—improving both efficiency and accuracy in reporting processes. For example, EY's AI platform, EYQ, has been integrated into its audit and assurance services to enhance efficiency and reduce staff burnout. Additionally, AI-powered systems can cross-check information, validate ESG data, and identify inconsistencies or anomalies, ensuring data integrity and enhancing the credibility of ESG reports
In 2025, EY introduced 30 AI-powered tools within its EYQ platform to enhance audit and assurance services, aiming to reduce staff burnout and improve efficiency. These tools automate accounting tasks, enabling audit staff to focus more on risk assessment and less on administrative duties. The firm also explores AI's role in supporting emerging climate reporting regulations, highlighting its commitment to integrating AI in ESG reporting.
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Global ESG Reporting Software Market size was valued at USD 1.2 Billion in 2023 poised to grow from USD 1.20 Billion in 2024 to USD 4.51 Billion by 2032, growing at a CAGR of 18% in the forecast period (2025-2032).
The global ESG reporting software market outlook is highly competitive, with major players like SAP SE, Workiva Inc., IBM Corporation, Wolters Kluwer, and Nasdaq Inc. driving innovation. Workiva focuses on integrating AI for automated ESG disclosures, while SAP enhances cloud-based ESG tools for enterprise clients. Wolters Kluwer is expanding its ESG portfolio through acquisitions, and Nasdaq emphasizes transparency tools for investor-grade sustainability reporting. These strategies shape the evolving competitive landscape. 'SAP SE (Germany)', 'Workiva Inc. (USA)', 'Wolters Kluwer N.V. (Netherlands)', 'IBM Corporation (USA)', 'Nasdaq Inc. (USA)', 'S&P Global Inc. (USA)', 'Diligent Corporation (USA)', 'Refinitiv (United Kingdom)', 'Datamaran (United Kingdom)', 'Greenstone+ Limited (United Kingdom)', 'FigBytes Inc. (Canada)', 'Intelex Technologies Inc. (Canada)', 'Enablon (France)', 'EcoVadis (France)', 'Plan A (Germany)'
The absence of globally recognized ESG reporting standards presents a challenge for companies looking to adopt ESG reporting software. Without standardized frameworks, businesses may struggle to align their reporting processes, leading to confusion and inefficiencies. This lack of consistency can hinder widespread software adoption and market growth.
AI-Driven Automation Enhancing ESG Accuracy: The integration of AI and machine learning in ESG reporting software is enabling real-time data analysis, anomaly detection, and predictive insights. This trend improves reporting accuracy and efficiency, helping firms meet regulatory standards and stakeholder expectations with greater transparency and reduced manual workload.
What Technologies are Enhancing ESG Reporting Capabilities in North America?
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Report ID: SQMIG45A2542
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