Global Market for ESG Reporting Software is Anticipated to grow at a Significant Pace i.e., USD 17.45 Billion during the Forecast Period 2025 - 2030

Published Date: Sep, 2023

The Global ESG Reporting Software Market is expected to grow to USD 2.8 billion by 2030; thereby registering a 7.1% CAGR during the forecast period. The ESG reporting software provides information about organizations’ operations in three areas: environmental, social, and corporate governance. Due to the imperative need for organizations, institutions, and a wide range of stakeholders to address important challenges, such as prejudice, environmental degradation, climate change, and social inequality, ESG investing has increased significantly over the past few years. Organizations that have strong ESG performance can earn increased returns on investment, have less risk, and enhanced crisis resilience. Moreover, rising corporate data volumes, prevailing applicants’ constant capability, and an upsurge in reliable disclosures will fuel market development. Hence, owing to the anticipated rise in the acceptance and use of ESG investing solutions, the market for ESG reporting software is anticipated to grow.

In May 2023, Diligent, one of the prominent leader in modern governance and provider of SaaS solutions for governance, risk, compliance, audit, and ESG, announced the release of Board Reporting for ESG, a first-of-its-kind board dashboard that combines performance data with market intelligence to provide a comprehensive view of an organization's environmental, social, and governance (ESG) posture. Board Reporting for ESG, built on the only platform that provides tools to support a company along its complete GRC journey, can be customized to capture an organization's climate and other ESG data. This allows sustainability specialists to focus on the data that is important, presenting reports in an easy-to-understand style for upper management and board members.

Bowse 75 market data Tables and 45 Figures spread through 226 Pages and in-depth TOC on "ESG Reporting Software Market by Organization Size (Small & Medium-Sized Enterprises and Large Enterprises), by Deployment Mode (On-Premises and Cloud Deployment), by Industry (Retail and Consumer Goods, Government, BFSI, IT and Telecommunications, Healthcare, Manufacturing, and Others), by Component (Solutions and Services), by Functionality (Analytics, Stakeholder Involvement, Risk Management, and Integration with Other Enterprise Systems), and Region - Global Forecast to 2030

By Industry, Government will witness a high CAGR during the forecast period.

The BFSI, IT & Telecommunications, Government, Manufacturing, Retail and Consumer Goods, Healthcare, and other verticals make up the ESG reporting software industry. The government segment is expected to have a high CAGR during the forecast period. Government policies and regulations can help in managing and transitioning ESG risks.  However, the best way to quantify ESG risk is to assign early measurements and analysis to each industry.

Global ESG Reporting Software Market Segmentation Analysis

Segment

Categorization

Leading Category

Organization Size

 Small & Medium-Sized Enterprises and Large Enterprises

Large Enterprises (Largest)

 

Deployment Mode

On-Premises and Cloud

Cloud (Fastest)

Industry

Retail and Consumer Goods, BFSI, IT and Telecommunications, Government, Healthcare, Manufacturing, and Others

BFSI (Largest)

Government

(High CAGR)

Component

Solutions and Services

Services

(Significant Growth)

 

Functionality

Analytics, Stakeholder Involvement, Risk Management, and Integration with Other Enterprise Systems

Risk Management (Significant Growth)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America

(Largest)

Asia-Pacific

(Fastest)

 

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“North America is expected to witness largest market share during the forecast period in the Global ESG Reporting Software Industry.”

North America is expected to contribute the largest share in the ESG Reporting Software market owing to the presence of key players, established healthcare infrastructure, rising emphasis of BFSI firms from CSR to ESG, and rising implementation of ESG by the regional institutional financial sector.

Some of the major players in the Global ESG Reporting Software industry include Wolters Kluwer N.V.(Netherlands), Nasdaq,Inc (US), PwC (UK), Workiva (US), Refinitiv (UK), Diligent Corporation (US), Sphera (US), Cority (Canada), Intelex Technologies (Canada), Greenstone+ Ltd. (UK), Novisto (Canada), Emex Software Ltd. (Ireland).

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2018–2030

Historical Period

2018–2022

Base Year

2023

Forecast Period

2023–2030

Segments Covered in the Study

Organization Size, Deployment Mode, Industry, Component, Functionality, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Wolters Kluwer N.V.(Netherlands), Nasdaq,Inc (US), PwC (UK), Workiva (US), Refinitiv (UK), Diligent Corporation (US), Sphera (US), Cority (Canada), Intelex Technologies (Canada), Greenstone+ Ltd. (UK), Novisto (Canada), Emex Software Ltd. (Ireland)

Global ESG Reporting Software Market Coverage

Organization Size Insight and Forecast 2018-2030

  • Small & Medium-Sized Enterprises
  • Large Enterprises

Deployment Mode Insight and Forecast 2018-2030

  • Cloud
  • On-Premises

Industry Insight and Forecast 2018-2030

  • Retail and Consumer Goods
  • Government
  • BFSI
  • IT and Telecommunications
  • Healthcare
  • Manufacturing
  • Others

Component Insight and Forecast 2018-2030

  • Solutions
  • Services

Functionality Insight and Forecast 2018-2030

  • Analytics
  • Stakeholder Involvement
  • Risk Management
  • Integration with Other Enterprise Systems

Geographical Segmentation

ESG Reporting Software Market by Region

North America

  • By Organization Size
  • By Deployment Mode
  • By Industry
  • By Component
  • By Functionality
  • By Country – U.S., Canada, and Mexico

Europe

  • By Organization Size
  • By Deployment Mode
  • By Industry
  • By Component
  • By Functionality
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Organization Size
  • By Deployment Mode
  • By Industry
  • By Component
  • By Functionality
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Organization Size
  • By Deployment Mode
  • By Industry
  • By Component
  • By Functionality
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries