ESG & EHSQ Software Supplier Market Revenue
Source Research:
The Market for Sustainability Software Solutions Addressing ESG Reporting, Carbon Management, Building Operation and Product Design
The Environmental, Social, and Governance (ESG) & Environment, Health, and Safety and Quality (EHSQ) system software market is valued at US$5.8 billion in 2023 and forecast to reach US$21.6 billion by 2032 with an advancing Compound Annual Growth Rate (CAGR) of 15.7%. The market is dominated by legacy ESG and ESHQ software providers in Europe and North America, including Enablon, Sphera, Cority, and VelocityEHS. Small and Medium Enterprises (SMEs) and startups are exhibiting stiff competition by using data analytics, Artificial Intelligence (AI), automation, and predictive analysis to adapt to regulatory requirements to expand their customer base. Over the next 5 years, global companies with European and American operations will dominate the user base and revenue, leading to software suppliers building accurate, audit-worthy tools and expertise. Once international regulation stabilizes and the market stabilizes by 2028, country-specific regulations based on international standards will significantly shift revenue to Asia-Pacific and emerging regions.
