How Environmental Protection in Emerging Economies Is Hampering the Growth Of Sustainability And Energy Management Softw

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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.

Because environmental knowledge and sustainable practices are low among the stratum of such large corporations, they do not take such matters seriously and have a relaxed attitude. Large corporations make significant efforts in sustainable operations and pollution control, whereas medium and small businesses are left out. As far as revenue is concerned, the building automation segment is projected to be the most attractive segment in the global Sustainability Energy Management Software.

As a result, pollution standards enforcement is unequal, with only government-owned industries being subject to checks, while small businesses are exempt from such penalties. In emerging economies, there is also a great deal of diversity in the process of economic planning and environmental protection goals, resulting in the latter not being executed or being done badly.

 

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