Carbon Accounting Software Market Size & Share [2034]

Carbon Accounting Software Market Overview

Global Carbon Accounting Software market size is estimated at USD 494.95 million in 2025, set to expand to USD 3914.47 million by 2034, growing at a CAGR of 25.83%.

The Carbon Accounting Software Market reached a value of approximately USD 18.5 billion in 2024, with the cloud-based deployment mode capturing about 73.3 % of the total market in that year. North America held a regional share near 39.5 % of the global market in 2024, reflecting strong uptake across enterprises in that region. This market is driven by demand from heavy-emitting industries such as manufacturing, energy and utilities, which in 2024 represented the largest end-use vertical in the market.

In the United States, the market accounted for around 80 % of the North American regional share in the Carbon Accounting Software Market in 2025. North America overall represented approximately 36.8 % of the global market in that year. U.S. firms across sectors such as energy, manufacturing, transportation and logistics increasingly adopted carbon accounting software to satisfy regulatory and investor demands for emissions transparency and carbon footprint reduction.

Key Findings

Key Market Driver: Cloud-based deployment dominated the market with 73.3% share in 2024, making it the single strongest driver of adoption in the Carbon Accounting Software Market.
Major Market Restraint: China’s concentration of 28.07% global share in 2023 created a restraint by limiting balanced regional diversification across the market.
Emerging Trends: North America achieving approximately 45% share in various projections reflects one of the most prominent emerging trends in global carbon-software adoption.
Regional Leadership: North America led the industry with 36.8% share in 2025, reinforcing its position as the top regional market for carbon accounting technologies.
Competitive Landscape: The energy & utilities sector holding 27.2% of end-use share in 2024 highlights strong competitive concentration within high-emission industries.
Market Segmentation: The market remained heavily skewed toward cloud solutions, which accounted for nearly 74.8% of total deployment-type share in 2024.
Recent Development: The Middle East & Africa region accounted for about 5% of global share, marking a notable development in expanding regional participation.

Carbon Accounting Software Market Latest Trends

The Carbon Accounting Software Market Report indicates a major shift toward cloud-based solutions: in 2024 cloud deployment held approximately 73.3 % of the global market share, highlighting scalability and lower upfront cost as key adoption factors. The energy & utilities industry, as the largest end-use vertical in 2024, drove enterprise demand, given this sector’s high emissions volume and regulatory requirements. Around 25 % of businesses globally had adopted carbon accounting solutions by 2024, signalling broader market penetration beyond large enterprises. The North America region maintained leadership with approximately 45 % of share in some projections, while Asia-Pacific—led by China with about 28.07 % of global share in 2023—emerged as a strong growth region. Another trend is the increased focus on Scope 3 emissions and value-chain visibility, as companies integrate supplier- and logistics-data into their carbon accounting platforms. Additionally, integration of AI and machine-learning capabilities to enhance predictive emissions modelling and automated reporting is becoming more commonplace, enabling firms to move from basic carbon tracking to performance optimisation.

Carbon Accounting Software Market Dynamics

DRIVER

Rising demand for enterprise carbon emissions tracking.

Organisations are under mounting pressure to monitor, report and manage greenhouse gas emissions across operations and supply chains. Data from 2024 show the cloud-based deployment mode capturing around 73.3 % of market share globally, indicating that enterprises are shifting toward software platforms for carbon accounting. The energy & utilities sector—holding the largest end-use share in 2024—has had to invest substantially in carbon accounting software due to strict regulatory mandates and the high volume of emissions. In North America alone, the region captured approximately 36.8 % of the global market in 2025, with the U.S. responsible for around 80 % of that regional share, emphasising the scale of demand. Large-scale manufacturing, transportation and logistics enterprises are deploying carbon accounting software to support ESG disclosures and enterprise-wide sustainability programmes.

RESTRAINT

Complexity of data integration and legacy systems.

A major restraint for the market is the challenge of integrating carbon accounting software with existing enterprise systems and managing complex data flows across multiple sites, business units and global supply chains. While cloud solutions dominate with approximately 73.3 % share in 2024, many organisations still prefer or require on-premise deployments, which involve higher upfront investment, slower rollout and significant integration burden. In emerging regions, many industrial operations lack mature data infrastructure and transparent emission-reporting practices; for example, China held about 28.07 % of the global market in 2023, but many firms there face barriers in data collection, standardisation and reporting, slowing broader uptake.

OPPORTUNITY

Expanding adoption in SME segment and supply-chain emissions management.

There is significant opportunity in targeting small and medium-sized enterprises (SMEs) and extending carbon accounting to supply-chain (Scope 3) emissions management. Vendors offering more accessible, user-friendly cloud platforms are making inroads into the SME market segment, enabling faster implementation and lower upfront cost. Given that only about one-quarter of businesses adopted carbon accounting solutions by 2024, the SME segment represents a large untapped market. In regions such as Asia-Pacific, where industrial expansion is ongoing and supply-chain complexity is high, demand for value-chain emissions tracking is growing rapidly. This opens opportunity for solution providers to develop modular, scalable offerings tailored for SMEs and for supply-chain-wide emissions monitoring.

CHALLENGE

Regulatory variability and standardisation issues.

One of the key challenges confronting the Carbon Accounting Software Industry Report is the lack of consistent global regulatory frameworks and standardised methodologies for emissions reporting—especially for Scope 3 emissions. Although North America holds a dominant share (approximately 36.8 % in 2025), firms across different jurisdictions must align with varied frameworks, which increases complexity and slows deployment. Software vendors must continuously update functionalities and compliance templates to adapt to evolving standards, placing operational and financial pressure on both vendors and buyers. The absence of universal standards means enterprise users must often configure bespoke workflows, which reduces scalability and increases cost.

Carbon Accounting Software Market Segmentation

BY TYPE

Cloud-Based: Cloud-based deployment held about 73.3 % of global market share in 2024, indicating dominance of this type for carbon accounting solutions. Organisations deploying cloud models benefit from remote emissions tracking, scalability across distributed operations and lower upfront IT infrastructure cost. Firms with multiple sites and supply-chain nodes adopt cloud-based dashboards, real-time data updates and frequent regulatory template refreshes. The high share reflects a shift toward subscription-based models over traditional on-premise implementations.

On-Premise: On-premise deployment occupies the remaining share of the market and is preferred by organisations with strict data sovereignty or deep legacy system integration requirements. While the exact percentage complement to 73.3 % is about 26.7 % in 2024, the on-premise type remains relevant for sectors such as defence, highly regulated utilities or organisations operating in jurisdictions with stringent data-control rules. Firms selecting on-premise deployments face higher capital expenditure, slower rollout, and heavier maintenance burden compared to cloud alternatives.

BY APPLICATION

Power Generation: Deployment in the power generation application is significant due to the high volume of emissions and regulatory scrutiny; the energy & utilities segment (which includes power generation) held the largest end-use vertical share in 2024. Carbon accounting software in this application helps monitor fuel use, generation assets, grid losses and emission offsets, enabling compliance and operational optimisation.

Iron and Steel: In the iron & steel application, companies adopt carbon accounting software to monitor emissions across blast furnaces, casting, finishing and logistics. The high-emitter nature of this industry drives demand for detailed emissions tracking and reporting tools.

Cement: Cement manufacturing is another high-emission vertical where carbon accounting software is used to measure kiln emissions, fuel consumption, alternative materials and process optimisation, facilitating regulatory disclosure and performance benchmarking.

Chemical: Chemical industry players use carbon accounting platforms to monitor emissions from process units, feedstock operations and downstream units; emission sources such as fugitive releases, thermal processes and utilities are tracked to support sustainability goals.

Oil and Gas: Oil & gas companies deploy carbon accounting software to capture and report emissions across upstream, midstream and downstream operations including wells, processing plants and transport networks. Multi-site data aggregation and integration with enterprise systems are key in this application.

Non-Ferrous Metal: Non-ferrous metal manufacturers implement carbon accounting tools to monitor emissions related to extraction, smelting, refining and recycling operations; such solutions help track energy use, emissions intensity and supply-chain emissions.

Ferrous Metal: Ferrous metal (iron and steel) verticals deploy carbon accounting software to capture emissions across mining, processing, casting and finishing operations, enabling granular tracking of CO₂-equivalent emissions across the value chain.

Paper: Paper manufacturing uses carbon accounting software to monitor emissions from pulp production, bleaching, paper machine operations, energy consumption and logistics. Such tracking helps firms meet sustainability commitments and customer expectations.

Glass: Glass production companies deploy carbon accounting platforms to monitor emissions from melting furnaces, batching operations, fuel use, and transport; this enables transparency in environmental performance.

Plastic: The plastics industry utilises carbon accounting software to assess emissions from feedstock cracking, polymerisation, processing, molding and downstream logistics; emissions-tracking supports both regulatory and customer-facing sustainability claims.

Packaging: In the packaging application, carbon accounting solutions are employed to measure emissions across material sourcing, production, transport and end-of-life phases. Firms leverage this data to support eco-labelling initiatives and regulatory compliance.

Logistics/Transportation/Distribution: The logistics, transportation and distribution application is experiencing rising demand for carbon accounting software, as companies measure vehicle fuel use, route optimisation, emissions from warehousing and supply-chain logistics; this segment is noted for some of the fastest uptake among end-use verticals.

Publishing/Media: The publishing and media sector uses carbon accounting software to track emissions from printing, production logistics, data-centre use and office operations; although smaller in share compared to heavy-industry segments, growth is noted as firms broaden sustainability reporting.

Printing: Printing industry deploys carbon accounting software to monitor emissions from presses, finishing processes, materials sourcing, transport and is increasingly used to provide customers with footprint data—helping firms differentiate in a low-carbon commerce environment.

Marketing: Marketing firms and agencies are incorporating carbon accounting tools to measure emissions associated with campaigns, events, travel and production logistics—enabling them to present sustainability credentials to clients and differentiate their service offering.

Food & Beverage: The food & beverage industry implements carbon accounting software to monitor emissions across agricultural production, processing, packaging and distribution; investor and consumer pressure in this sector is driving adoption of emissions-tracking tools.

Personal Care: Personal care companies adopt carbon accounting solutions to monitor emissions across ingredient sourcing, formulating, manufacturing, packaging and logistics; this supports brand-level sustainability disclosures and investor transparency.

Others: Other applications include consumer goods, retail, construction and infrastructure, where firms utilise carbon accounting software to monitor emissions across operations, product lifecycle and supply-chains, enabling broader sustainability programme deployment.

Carbon Accounting Software Market Regional Outlook

North America

North America accounted for approximately 36.8 % of the global Carbon Accounting Software Market in 2025, with the United States representing about 80 % of that regional share. The strong regulatory framework, investor pressure for carbon transparency, and high deployment of sustainability technology solutions across large enterprises position North America as the leading region. Large-scale adoption by energy, manufacturing and logistics companies drives market penetration, while cloud-based deployments dominate due to multi-site enterprise operations.

Europe

Europe is estimated to hold around 30.0 % of the global market share for carbon accounting software in some analyses. The region’s comprehensive regulatory environment, including emissions-trading systems and national climate policies, as well as mature corporate commitments to net-zero targets, fuel demand. Key adopters include manufacturing, energy, logistics and supply-chain heavy industries. Europe’s interest in advanced analytics, supply-chain emissions tracking and multi-site dashboards supports a sophisticated market ecosystem.

Asia-Pacific

Asia-Pacific is one of the fastest-expanding regions, with China alone holding about 28.07 % of the global market share in 2023. Industrial expansion, increasing regulatory pressure and rising corporate sustainability adoption are key drivers. Countries such as China, India and Japan are major adopters, while SMEs across the region are beginning to implement cloud-based platforms. The large manufacturing base and complex supply chains make carbon accounting software highly relevant across the region.

Middle East & Africa

The Middle East & Africa region currently contributes a smaller share, estimated around 5.0 % of the global market in some projections. Adoption in this region is driven by governmental sustainability initiatives, oil & gas sector reporting requirements, and an increasing number of large enterprises implementing carbon-management solutions. While deployment levels are lower than in mature regions, future growth potential is strong as regulatory regimes evolve and corporate sustainability programmes mature.

List of Top Carbon Accounting Software Companies

Enablon
Normative
Altruistiq
Carbonbase
Watershed
3E Group (CarbonetiX)
Evalue8
The Carbon Accounting Company
Sweep
Net0
Carbon Analytics
Salesforce
Manufacture2030
IBM (Envizi)
Emitwise
ESP (BraveGen)
NetZeroNow
Greenly
Pangolin Associates
Persefoni
Carbonstop
Plan A
Sphera

Top Two Companies With Highest Share

IBM (Envizi) — recognised as a major market leader and part of the highest market-share segment in the global Carbon Accounting Software Market.
Salesforce — listed among the leading vendors contributing significantly to the overall market concentration and adoption globally.

Investment Analysis and Opportunities

In the Carbon Accounting Software Market Analysis, investment activity is being stimulated by corporate net-zero targets, regulatory mandates and investor demands for emission-transparency. In 2024 the cloud-based deployment type held around 73.3 % of global share, showing investor preference toward software-as-a-service models. Regionally, North America held approximately 36.8 % of the global market in 2025, making it a prime region for investment and deployment. The SME segment and supply-chain emissions monitoring represent significant untapped opportunities, as corporate adoption among smaller firms remains lower, but demand is rising. Regions such as Asia-Pacific—with China holding 28.07 % of global share in 2023—also present high growth potential. Investment in advanced features like value-chain (Scope 3) emissions tracking, AI-driven analytics and integrated reporting platforms offers differentiation and value for both vendors and investors.

New Product Development

Innovation within the Carbon Accounting Software Market Report is progressing through cloud-native platforms, AI/ML-powered analytics, real-time emissions dashboards and supply-chain emissions visibility. For instance, the cloud-based deployment captured roughly 73.3 % of the global market in 2024, reflecting the shift toward enabling technologies and platform-scalability. Vendors are offering new modules targeting Scope 3 emissions, supplier-emission mapping, and seamless integration with ERP/CRM systems, enabling companies to aggregate data across thousands of suppliers. In the Asia-Pacific region, rapid industrialisation and rising emission-reporting mandates have driven market-specific product development—one forecast for India pointed to growth of 23.5 % annually in a regional study. Solutions now frequently include predictive analytics, scenario modelling, carbon-price simulation, audit-ready reporting templates and multi-site dashboards, elevating carbon accounting from mere tracking to strategic performance management.

Five Recent Developments

In 2024, the cloud-based deployment segment captured approximately 73.3 % of global market share in the Carbon Accounting Software Market.
In 2023, the China market accounted for approximately 28.07 % of global share, signalling a major shift in country-level leadership within the Asia-Pacific region.
In 2025, North America accounted for around 36.8 % of global share, reinforcing its role as market leader in carbon accounting software adoption.
In 2024 the energy & utilities end-use industry was the largest vertical for carbon accounting software deployments, highlighting industry-specific demand.
In 2024, about one-quarter (approximately 25 %) of businesses globally had adopted carbon accounting solutions, indicating increasing penetration beyond large enterprises.

Report Coverage of Carbon Accounting Software Market

The Carbon Accounting Software Market Report covers global deployment data, segmentation by deployment type (cloud-based versus on-premise) and segmentation by application across numerous verticals such as power generation, iron & steel, cement, chemical, oil & gas, non-ferrous and ferrous metals, paper, glass, plastic, packaging, logistics/transportation/distribution, publishing/media, printing, marketing, food & beverage, personal care and others. The scope includes regional outlooks for North America, Europe, Asia-Pacific and Middle East & Africa, featuring country-level deep-dives including the United States (which represented roughly 80 % of North America’s regional share in 2025). The report also provides competitive landscape profiling of major solution providers, deployment model trends (noting cloud’s ~73.3 % share in 2024) and end-use vertical analysis (with energy & utilities as dominant in 2024). Regional market shares are summarised with North America ~36.8 % in 2025, Europe around ~30.0 %, Asia-Pacific rapidly growing with China ~28.07 % in 2023, and Middle East & Africa near ~5.0 % share, giving a comprehensive view of market size, segmentation, trends, dynamics, investment and product development opportunities.

Frequently Asked Questions

What value is the Carbon Accounting Software market expected to touch by 2034 ?

The global Carbon Accounting Software market is expected to reach USD 3914.47 Million by 2034.

What is CAGR of the Carbon Accounting Software market expected to exhibit by 2034?

The Carbon Accounting Software market is expected to exhibit a CAGR of 25.83% by 2034.

Which are the top companies operating in the Carbon Accounting Software market?

Enablon,Normative,Altruistiq,Carbonbase,Watershed,3E Group (CarbonetiX),Evalue8,The Carbon Accounting Company,Sweep,Net0,Carbon Analytics,Salesforce,Manufacture2030,IBM (Envizi),Emitwise,ESP (BraveGen),NetZeroNow,Greenly,Pangolin Associates,Persefoni,Carbonstop,Plan A,Sphera