This research study involved extensive secondary sources, directories, and databases, such as Bloomberg BusinessWeek, EconoTimes, and Factiva, to identify and collect information useful for this technical, market-oriented, and commercial ESG reporting software market study. The global ESG reporting software market size is obtained by evaluating its penetration among the major vendors and their offerings in this market. We interviewed a few startups and private companies to gain better visibility and in-depth knowledge of the market across regions. In addition, a few government associations, public sources, conferences, webinars, journals, magazines, articles, and MarketsandMarkets' internal repositories were referred to arrive at the closest/actual market size.
Secondary Research
We determined the market size of companies offering ESG reporting software based on secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.
In the secondary research process, various sources were referred to to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the spending of various countries on ESG reporting software was extracted from the respective sources. We used secondary research to obtain the critical information related to the industry's value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to offerings of the major players, industry trends related to offerings, verticals, and regions, and the key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related critical executives from ESG reporting software vendors, industry associations, and independent consultants; and key opinion leaders.
We conducted primary interviews to gather insights, such as market statistics, the latest trends disrupting the market, new use cases implemented, data on revenue collected from products and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped us understand various trends related to technology, offerings, end users, and regions. Demand-side stakeholders, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Security Officers (CSOs), and digital initiatives project teams, were interviewed to understand the buyer's perspective on suppliers, products, service providers, and their current use, which would affect the overall ESG reporting software market.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
We used top-down and bottom-up approaches to estimate and forecast the ESG reporting software and other dependent submarkets. We deployed a bottom-up procedure to arrive at the overall market size using the revenues and offerings of key companies in the market. With data triangulation methods and validation through primary interviews, this study determined and confirmed the exact value of the overall parent market size. We used the overall market size in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segments.
We used top-down and bottom-up approaches to estimate and validate the ESG reporting software market and other dependent subsegments.
The research methodology used to estimate the market size included the following details:
-
We identified key players in the market through secondary research, and their revenue contributions in respective regions were determined through primary and secondary research.
-
This procedure included studying top market players' annual and financial reports and extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives.
-
All percentage splits and breakups were determined using secondary sources and verified through primary sources.
All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets.
ESG Reporting Software Market: Top-down and Bottom-up approaches
To know about the assumptions considered for the study, Request for Free Sample Report
Data Triangulation
After arriving at the overall market size, the market was split into several segments and subsegments—using the market size estimation processes as explained above. Where applicable, data triangulation and market breakup procedures were employed to complete the overall market engineering process and determine each market segment's and subsegment's exact statistics. The data was triangulated by studying several factors and trends from the demand and supply sides in the digital map market.
Market Definition
Considering the views of various sources and associations, the ESG (Environmental, Social, and Governance) reporting software market refers to the sector focused on providing software solutions to facilitate the measurement, monitoring, and reporting of an organization's performance in terms of environmental impact, social responsibility, and corporate governance.
The market for ESG reporting software has been proliferating in response to increasing regulatory requirements, investor demands for ESG disclosure, and broader societal expectations for corporate accountability and sustainability. As a result, numerous software providers have entered the market, offering various solutions tailored to the diverse needs of organizations across different industries and regions.
Key Stakeholders
-
ESG solution and service providers
-
Reselling companies
-
Third-party providers
-
Consultants/Consultancies/Advisory firms
-
Support and maintenance service providers
-
Information Technology (IT) infrastructure providers
-
System Integrators (SIs)
-
Governments and standardization bodies
-
Cloud providers
-
Regional associations
-
Independent software vendors
-
Value-added resellers and distributors
Report Objectives
-
To define, describe, and forecast the ESG reporting software market based on offering (solutions, services), rack unit, applications, form factor, type, organization size, vertical, and region
-
To provide detailed information about the major factors (drivers, opportunities, restraints, and challenges) influencing the growth of the market
-
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
-
To forecast the market size concerning five regions-North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
-
To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
-
To profile the key players of the market and comprehensively analyze their market size and core competencies
-
To track and analyze the competitive developments, such as product enhancements, product launches, acquisitions, partnerships, and collaborations, in the ESG reporting software market globally
Available customizations
With the given market data, MarketsandMarkets offers customizations per the company's specific needs. The following customization options are available for the report:
Product analysis
-
The product matrix provides a detailed comparison of each company's product portfolio.
Geographic analysis
-
Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
-
Further breakup of the North American market into countries contributing 75% to the regional market size
-
Further breakup of the Latin American market into countries contributing 75% to the regional market size
-
Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
-
Further breakup of the European market into countries contributing 75% to the regional market size
Company information
-
Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in ESG Reporting Software Market