Global ESG Software Market

ESG Software Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Vertical(BFSI, IT and ITeS), By Type(Climate change software, sustainability reporting software), By Organization size(Small and medium-sized enterprises (SMEs) and large enterprises), By Deployment(On-premises and Cloud) - Industry Forecast 2024-2031


Report ID: SQMIG45E2078 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 145 | Figures: 78

ESG Software Market Regional Insights

The North America region is anticipated to dominate the global ESG Software market. The presence of large players, established diagnostic and screening infrastructure, technological breakthroughs, high patient awareness, and reimbursement regulations are the main drivers of this region's dominance.

Due to the rising incidence of breast cancer and the adoption of cutting-edge diagnostic methods, the market for ESG Software in Asia Pacific region is anticipated to experience the greatest CAGR over the forecast period. Additionally, it is anticipated that expanding healthcare infrastructure and bettering reimbursement policies will promote market growth.

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FAQs

ESG Software Market size was valued at USD 0.70 billion in 2022 and is poised to grow from USD 0.81 billion in 2023 to USD 2.64 billion by 2031, at a CAGR of 15.90% during the forecast period (2024-2031).

In recent years, the market for ESG (Environmental, Social, and Governance) software has expanded quickly as more and more businesses understand the value of sustainability and ethical business practices. As a result, there are currently numerous businesses that provide ESG software solutions, and the industry is highly competitive. The breadth and depth of their ESG data and analytics, the adaptability and customizability of their software solutions, and the caliber of their customer service and support are important characteristics that distinguish ESG software suppliers. It is anticipated that competition in the industry will only get tougher as long as demand for ESG solutions increases. 'Sustainalytics', 'Refinitiv', 'MSCI Inc.', 'Moody's Corporation', 'Bloomberg L.P.', 'ISS ESG', 'RobecoSAM', 'Arabesque AI Ltd.', 'Truvalue Labs Inc.', 'RepRisk AG', 'Enablon (Wolters Kluwer)', 'FactSet Research Systems Inc.', 'CSRHub LLC', 'Goby Inc.', 'EcoVadis', 'Vigeo Eiris', 'Measurabl Inc.', 'ERM Group Inc.', 'Verisk Maplecroft', 'Datamaran'

The main factor fueling market expansion is the rise in demand for ethical and sustainable investments. There is an increasing need for tools and solutions that can assist assess and analyze a company's ESG performance as more investors seek to engage in businesses that place a high priority on sustainable and responsible practices. Investors can evaluate a company's ESG policies and follow their development over time with the aid of ESG software. It offers a framework for assessing an organization's social responsibility, environmental impact, and corporate governance standards, enabling investors to spot possible risks and opportunities associated with ESG concerns. ESG software can also assist investors in matching their assets with their values and objectives. ESG software aids in the assessment of a company's long-term financial success and helps investors make more informed investment decisions by supplying transparency and accountability regarding a company's ESG policies. Hence, as investors look to assess and gauge the ESG performance of the companies they invest in, the demand for sustainable and responsible investment is driving the need for ESG software.

In order to guide their ESG initiatives and decision-making, companies are looking for more thorough and reliable ESG data and analytics. In response, ESG software suppliers are creating fresh methods for gathering, analyzing, and reporting ESG data, including integrating with external sources of ESG data.

The North America region is anticipated to dominate the ESG Software market. The presence of large players, established diagnostic and screening infrastructure, technological breakthroughs, high patient awareness, and reimbursement regulations are the main drivers of this region's dominance.

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Global ESG Software Market

Product ID: SQMIG45E2078

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