ESG Reporting Software Market Size – By Component (Software and Services), By Deployment (On-Premise and Cloud-Based), By Enterprise Size (SMEs and Large Enterprise), By Vertical (Energy and Utilities, Manufacturing, Financial Services, Retail, Healthcare, Transportation and Logistics, Technology and Telecommunications, Government and Public Sector and Others), & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-06-01
- NO OF PAGES
- 274
- CATEGORY
- Information Communication & Technology
Market Overview
The ESG Reporting Software market report is predicted to develop at a compound annual growth rate (CAGR) of 16.4% from 2024 to 2034, when global ESG Reporting Software market forecast size is projected to reach USD 4.38 Billion in 2034, based on an average growth pattern. The global ESG Reporting Software market revenue is estimated to reach a value of USD 1.05 Billion in 2024.
SOURCE: We Market Research
The Global ESG
Reporting Software Market is a rapidly growing segment within the broader
environmental, social, and governance (ESG) landscape, driven by increasing
regulatory requirements, stakeholder pressure for transparency, and corporate
commitment to sustainability. The ESG Reporting Software Market refers to the
tools and platforms used by organizations to track, manage, and report their
ESG performance. ESG reporting software helps companies measure their
environmental impact (e.g., carbon emissions, energy use), social impact (e.g.,
diversity, labor practices), and governance policies (e.g., board structure,
ethics, compliance). This software allows companies to comply with regulatory
requirements, improve stakeholder communication, and integrate ESG metrics into
their overall business strategy.
The global ESG
reporting software market is expected to witness significant growth over the
coming years, driven by regulatory demands, investor pressure, and corporate
sustainability initiatives. As more companies recognize the importance of ESG
in mitigating risks, improving transparency, and aligning with stakeholder
expectations, the demand for effective ESG reporting solutions will continue to
rise.
Global ESG Reporting Software Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 1.05 Billion |
|
Market
Forecast in 2034 |
USD 4.38 Billion |
|
CAGR % 2024-2034 |
16.4% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Component,
By Deployment, By Enterprise Size, By Vertical and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Global ESG Reporting Software Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global ESG Reporting Software market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
ESG Reporting Software Market Segmentation
Market- By Component Analysis
By component, the ESG Reporting Software market share is categories into software and services. Software segment dominate the market with the largest share, accounting for over 70% of the market in 2023. The growing adoption of ESG reporting software platforms by organizations of all sizes is driving the growth of this segment. These software solutions offer automation, advanced data analytics, real-time monitoring, and integration with various ESG frameworks (e.g., GRI, SASB, TCFD). As regulatory pressures increase globally, companies are turning to sophisticated ESG reporting tools that help in data collection, validation, and reporting, leading to higher demand for software solutions. AI and machine learning advancements, as well as cloud-based ESG platforms, have contributed to the rising popularity of these solutions.
The
following segments are part of an in-depth analysis of the global ESG Reporting
Software market:
|
Market Segments |
|
|
By Component |
·
Software o
Standalone o
Integrated ·
Services o
Consulting Services o
Implementation and Integration o
Training and Support |
|
By Deployment |
·
On-Premise ·
Cloud-Based |
|
By Enterprise
Size |
·
Small & Medium-sized Enterprises ·
Large enterprises |
|
By Vertical |
·
Energy and Utilities ·
Manufacturing ·
Financial Services ·
Retail ·
Healthcare ·
Transportation and Logistics ·
Technology and Telecommunications ·
Government and Public Sector ·
Others |
ESG Reporting Software Industry: Regional Analysis
North America Market Forecast
North America dominates the global market, accounting for around 38% of the market share in 2023. The increasing focus on corporate sustainability by regulators, such as the U.S. Securities and Exchange Commission (SEC), which is pushing for mandatory ESG disclosures, is driving the demand for ESG reporting software in the region. Institutional investors in the U.S. and Canada are increasingly demanding greater transparency on ESG metrics. Large asset managers like BlackRock and Vanguard have made ESG data a central part of their investment decisions. The U.S. is home to many of the leading technology firms providing ESG solutions, which also boosts the region’s share in the global market.
Europe Market Statistics
Europe has been
a pioneer in ESG regulations. The European Union’s Corporate Sustainability
Reporting Directive (CSRD), set to replace the Non-Financial Reporting
Directive (NFRD), will make ESG reporting mandatory for a broader range of
companies. This is accelerating the demand for ESG reporting tools. European
companies, particularly in countries like Germany, France, and the Nordic
region, are global leaders in sustainability initiatives, pushing organizations
to adopt advanced ESG reporting solutions. European investors and consumers are
more environmentally conscious, driving companies to improve their ESG
transparency and reporting capabilities. Eurosif revealed that 71% of European
asset managers were incorporating ESG factors into their decision-making,
further increasing demand for comprehensive ESG reporting tools.
Asia Pacific Market Forecasts
As Asia Pacific
economies grow, companies in the region are becoming more aware of the need for
ESG compliance to attract international investors and align with global
sustainability standards. Countries like Japan, Singapore, and Australia are
introducing new regulations and guidelines for ESG reporting. Japan’s Financial
Services Agency has encouraged ESG disclosures, while Singapore’s SGX has made
sustainability reporting mandatory for listed companies. Large corporations
across Asia Pacific, particularly in China and India, are increasingly focusing
on ESG initiatives to improve their global competitiveness.
Middle East & Africa Market Statistics
While ESG
regulations are not as mature in the MEA region, countries like Saudi Arabia
and the United Arab Emirates (UAE) are increasingly focusing on sustainability
as part of their broader economic diversification strategies. For example, the
UAE Vision 2021 emphasizes environmental sustainability. Several large
companies in the region, especially in the energy and construction sectors, are
adopting ESG practices to meet global investor expectations. As the region
invests more in renewable energy and green projects, companies are likely to
embrace ESG reporting software to track their sustainability efforts.
Latin America Market Statistics
There is an
increasing interest from both local and international investors in ESG
performance in Latin American companies, particularly in Brazil, Chile, and
Mexico. Countries like Brazil and Chile have introduced mandatory sustainability
reporting requirements for certain sectors, which is driving demand for ESG
software solutions.
The Global ESG Reporting Software Market is dominated
by a few large companies, such as
·
Workiva
·
Sphera
·
Intelex Technologies
·
Cority
·
Diligent
·
Greenstone
·
Enablon (Wolters Kluwer)
·
SAP
·
EcoVadis
·
Novisto
·
OneTrust
·
IBM
·
Nasdaq ESG Solutions
·
Refinitiv (LSEG)
· VelocityEHS
1.
Global
ESG Reporting Software Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global ESG Reporting Software
Market Scope and Market Estimation
1.2.1. Global ESG Reporting Software Overall
Market Size (US$ Bn), Market CAGR (%), Market forecast (2024 - 2034)
1.2.2. Global ESG Reporting Software
Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Component of Global ESG
Reporting Software Market
1.3.2. Deployment of Global ESG
Reporting Software Market
1.3.3. Enterprise Size of Global ESG
Reporting Software Market
1.3.4. Vertical of Global ESG Reporting
Software Market
1.3.5. Region of Global ESG Reporting
Software Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Demand Supply Scenario
2.6. Market Dynamics
2.6.1. Drivers
2.6.2. Limitations
2.6.3. Opportunities
2.6.4. Impact Analysis of Drivers and
Restraints
2.7. Pricing Trends Analysis
2.8. Overview of Technology Developments
2.9. Porter’s Five Forces Analysis
2.9.1. Bargaining Power of Suppliers
2.9.2. Bargaining Power of Buyers
2.9.3. Threat of Substitutes
2.9.4. Threat of New Entrants
2.9.5. Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Analysis of Quality Control Standards and Guidelines in ESG
Reporting Software Market
3.
Global ESG Reporting Software
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4.
Global ESG Reporting Software
Market Estimates & Forecast Trend
Analysis, by Component
4.1. Global ESG Reporting Software
Market Revenue (US$ Bn) Estimates and Forecasts, by Component, 2019 - 2034
4.1.1. Software
4.1.1.1.
Standalone
4.1.1.2.
Integrated
4.1.2. Services
4.1.2.1.
Consulting
Services
4.1.2.2.
Implementation
and Integration
4.1.2.3.
Training
and Support
5.
Global ESG Reporting Software
Market Estimates & Forecast Trend
Analysis, by Deployment
5.1. Global ESG Reporting Software
Market Revenue (US$ Bn) Estimates and Forecasts, by Deployment, 2019 - 2034
5.1.1.On-Premise
5.1.2.Cloud-Based
6.
Global ESG Reporting Software
Market Estimates & Forecast Trend
Analysis, by Vertical
6.1. Global ESG Reporting Software
Market Revenue (US$ Bn) Estimates and Forecasts, by Vertical, 2019 - 2034
6.1.1.Energy
and Utilities
6.1.2.Manufacturing
6.1.3.Financial
Services
6.1.4.Retail
6.1.5.Healthcare
6.1.6.Transportation
and Logistics
6.1.7.Technology
and Telecommunications
6.1.8.Government
and Public Sector
6.1.9.Others
7.
Global ESG Reporting Software
Market Estimates & Forecast Trend
Analysis, by Enterprise Size
7.1. Global ESG Reporting Software
Market Revenue (US$ Bn) Estimates and Forecasts, by Enterprise Size, 2019 -
2034
7.1.1.Small
& Medium-sized Enterprises
7.1.2.Large
enterprises
8.
Global ESG Reporting Software
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global ESG Reporting Software
Market Revenue (US$ Bn) Estimates and Forecasts, by Region, 2019 - 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America ESG Reporting Software Market: Estimates & Forecast Trend Analysis
9.1.
North
America ESG Reporting Software Market Assessments & Key Findings
9.1.1. North America ESG Reporting
Software Market Introduction
9.1.2. North America ESG Reporting
Software Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
9.1.2.1. By Component
9.1.2.2. By Deployment
9.1.2.3. By Enterprise Size
9.1.2.4. By Vertical
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe ESG
Reporting Software Market: Estimates
& Forecast Trend Analysis
10.1. Western Europe ESG Reporting
Software Market Assessments & Key Findings
10.1.1. Western Europe ESG Reporting
Software Market Introduction
10.1.2. Western Europe ESG Reporting
Software Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
10.1.2.1. By Component
10.1.2.2. By Deployment
10.1.2.3. By Enterprise Size
10.1.2.4. By Vertical
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe ESG
Reporting Software Market: Estimates
& Forecast Trend Analysis
11.1. Eastern Europe ESG Reporting
Software Market Assessments & Key Findings
11.1.1. Eastern Europe ESG Reporting
Software Market Introduction
11.1.2. Eastern Europe ESG Reporting
Software Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
11.1.2.1. By Component
11.1.2.2. By Deployment
11.1.2.3. By Enterprise Size
11.1.2.4. By Vertical
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific ESG
Reporting Software Market: Estimates
& Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific ESG Reporting
Software Market Introduction
12.1.2. Asia Pacific ESG Reporting
Software Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
12.1.2.1. By Component
12.1.2.2. By Deployment
12.1.2.3. By Enterprise Size
12.1.2.4. By Vertical
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa ESG
Reporting Software Market: Estimates
& Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa ESG
Reporting Software Market Introduction
13.1.2. Middle
East & Africa ESG
Reporting Software Market Size Estimates and Forecast (US$ Billion) (2019 -
2034)
13.1.2.1. By Component
13.1.2.2. By Deployment
13.1.2.3. By Enterprise Size
13.1.2.4. By Vertical
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
ESG Reporting Software Market: Estimates
& Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America ESG Reporting
Software Market Introduction
14.1.2. Latin America ESG Reporting
Software Market Size Estimates and Forecast (US$ Billion) (2019 - 2034)
14.1.2.1. By Component
14.1.2.2. By Deployment
14.1.2.3. By Enterprise Size
14.1.2.4. By Vertical
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global ESG Reporting Software
Market Product Mapping
16.2. Global ESG Reporting Software Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global ESG Reporting Software
Market Tier Structure Analysis
16.4. Global ESG Reporting Software
Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. Workiva
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
17.2. Sphera
17.3. Intelex
Technologies
17.4. Cority
17.5. Diligent
17.6. Greenstone
17.7. Enablon (Wolters
Kluwer)
17.8. SAP
17.9. EcoVadis
17.10. Novisto
17.11. OneTrust
17.12. IBM
17.13. Nasdaq ESG
Solutions
17.14. Refinitiv (LSEG)
17.15. VelocityEHS
17.16. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of ESG Reporting Software Market in 2024?
ESG Reporting Software Market was valued at USD 1.05 Billion in 2024.
What is the growth rate for the ESG Reporting Software Market?
ESG Reporting Software Market size will increase at approximate CAGR of 16.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are Workiva, Sphera, Intelex Technologies, Cority, Diligent, Greenstone, Enablon (Wolters Kluwer), SAP, EcoVadis, Novisto, OneTrust, IBM, Nasdaq ESG Solutions, Refinitiv (LSEG), VelocityEHS and others.
Which region dominates the ESG Reporting Software Market?
North America dominates the market with an active share of 38%.
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