SUSTAINABILITY AND ENERGY MANAGEMENT SOFTWARE MARKET ANALYSIS

Sustainability And Energy Management Software MarketSize and Trends

The global sustainability & energy management software market is estimated to account for US$ 2,326.2 Mn in terms of value by the end of 2027.

North America held dominant position in the global sustainability & energy management software market in 2019, accounting for 36.3% share in terms of value, followed by Europe, APAC, Latin America, and MEA respectively.

The global sustainability & energy management software market was valued at US$ 987.7 Mn in 2019 and is forecast to reach a value of US$ 2,326.2 Mn by 2027 at a CAGR of 11.4% between 2020 and 2027.

Market Trends

1. Constant partnership and collaboration activities among major companies

Key players operating in the market are focused on partnerships and collaborations, in order to expand portfolio and gain a competitive edge in the market. For instance, in October 2016, Schneider Electric partnered with Panasonic Corporation, which is a developer electronics technologies and solutions, in order to simplify energy management with innovative integration and optimize building efficiency and installation costs. In February 2016, IBM Corporation partnered with Siemens Building Technologies Division and launched cloud-based building management platform leveraging enterprise asset management and data analytics technologies.

2. Increasing merger and acquisition activities is another trend

Major market players are involved in merger and acquisition activities, in order to enhance the market presence and gain a significant advantage. For instance, in 2016, Accruent acquired Verisae Inc., in order to improve its market reach and industry visibility. Furthermore, in 2016, Accruent acquired BigCenter (Business Integration Group, Inc.).