ARC Advisory Group’s new market size and forecast research for environmental, social, and corporate governance (ESG) reporting software shows significant long-term growth amid increased focus on sustainability as a business performance measure. Market drivers for better ESG performance include a growing segment of end users who seek to do business exclusively with green and sustainability-focused suppliers and business partners. In an increasing number of instances, these end users are willing to pay a premium for products and services from companies with better ESG performance than their competitors.
"Corporate responsibility, ESG, and decarbonization have become common themes across organizations. Across both public and private entities, ESG has become a topic of conversation and actions. Investors, public policy, consumer attitudes, and value realignment have been growth contributors for ESG software. ESG will continue to grow in influence and importance across all major economic regions and industries. While the uptake of ESG solutions has been expanding a great deal among Tier 1 companies, it has also begun its expansion into mid-sized and smaller organizations. In many cases, forward-thinking decision-makers in these organizations are driving the expansion. The next few years of growth for ESG software will be determined by policy, value chain pressures, and consumers,” according to Gaven Simon, Analyst and key author of ARC's Environmental, Social, and Governance (ESG) Software Market Research.
ESG Reporting Software Market Trends
In addition to providing detailed competitive market share data, the research also addresses key market trends as follows:
- Branding Drivers
- Increasing Transparency
- External Growth Forces
- Climate Risk
- Artificial Intelligence
Leading Suppliers to the ESG Reporting Software Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: IBM, Oracle, SAP, Servicenow, Workiva.
About the ESG Reporting Software Research
The ESG Reporting Software research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts. The research segmentation includes Industry, World Region, Sales Channel, Revenue Category, Customer Tier.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. ARC's Market Data Service (MDS) is an annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MDS unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs. ARC continues to offer our traditional static Market Reports as a PDF.
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