What Does the Historical and Current Environmental, Social And Governance (ESG) Reporting Software Market Size Trend Indicate?
The environmental, social and governance (esg) reporting software market has seen considerable growth due to a variety of factors.
•The market size for the environmental, social and governance (ESG) reporting software has seen significant expansion lately. The projection indicates an increase from $1.16 billion in 2024 to $1.39 billion in 2025, registering a compound annual growth rate (CAGR) of 19.6%.
Factors contributing to this growth during the historic period include corporate social responsibility, pressure from stakeholders, voluntary reporting initiatives, economic incentives, and risk mitigation strategies.
How Will the Environmental, Social And Governance (ESG) Reporting Software Market Size Evolve over the Forecast Period?
The environmental, social and governance (esg) reporting software market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of the ESG (Environmental, Social, and Governance) reporting software is predicted to experience a significant increase in the coming years, specifically growing to $3.17 billion by 2029, with a CAGR of 22.9%.
This increase during the forecasted period can be credited to factors such as obligatory ESG disclosure, the integration of ESG in financial markets, enhanced supply chain transparency, NGO and activist impact, and the adoption of Climate Disclosure Standards Board (CDSB) framework. Noteworthy trends during this forecasted period encompass the integration of AI and analytics, collaboration across different industries, initiatives associated with green finance, utilization of blockchain for ESG transparency, and real-time ESG reporting.
What Are The Core Factors Supporting Growth In The Environmental, Social And Governance (ESG) Reporting Software Market?
The growth of the ESG reporting software market is anticipated to be driven by the escalating demand for ESG details from investors. ESG information, an outline of a business's practices and performance concerning varied sustainable and ethical problems, is delivered through this kind of software. It allows investors to gather necessary data, reports and other crucial information automatically, enabling them to evaluate the company more effectively. The Capital Group's ESG Global Study, published in May 2022 reveals that there has been an increase in the adoption of ESG information from 84% in 2021 to 89% in 2022 based on a survey of 1,130 people. Further, it also pointed out that 31% of European investors see ESG information crucial to their investment strategy, while 26% of investors at the global level consider it as a significant factor. As a result, the rise in demand for ESG information by investors is projected to propel the ESG reporting software market.
What Are The Major Segments Within The Global Environmental, Social And Governance (ESG) Reporting Software Market?
The environmental, social and governance (ESG) reporting software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Small And Medium Enterprises (SME), Large Enterprises
4) By Vertical: Banking, Financial Services, And Insurance, Information Technology (IT) And Information Technology-Enabled Services (ITeS), Government And Public Sectors, Manufacturing, Retail And Consumer Goods, Healthcare And Life Sciences, Energy And Utilities, Other Verticals
Subsegments:
1) By Solutions: Data Management Solutions, Reporting And Analytics Tools, Compliance Management Solutions, Engagement Platforms
2) By Services: Consulting Services, Implementation Services, Training And Support Services, Managed Services
Pre-Book The Environmental, Social And Governance (ESG) Reporting Software Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Environmental, Social And Governance (ESG) Reporting Software Market?
The integration of advanced technological solutions is a significant trend observed in the ESG reporting software market. Key players in this market are adopting innovative platforms to solidify their market standing. An example of this trend could be seen in June 2023, when the US financial regulatory and compliance firm, Ez-XBRL, introduced its pioneering platform, Integix ESG. Thanks to the platform’s impressively intuitive and streamlined process, customers can quickly understand and implement their ESG initiatives. The platform utilizes cutting-edge technologies like artificial intelligence (AI) and natural language processing (NLP) to raise the bar in delivering exceptional value to its users. The complexity of ESG reporting can be effectively managed by businesses using the Integix ESG.
Who Are the Key Players in the Environmental, Social And Governance (ESG) Reporting Software Market?
Major companies operating in the environmental
• social and governance (ESG) reporting software market include:
• Wolters Kluwer N.V.
• Nasdaq Inc.
• MSCI Inc.
• Workiva Inc.
• Diligent Corporation
• Anthesis Group
• Sustainalytics
• PricewaterhouseCoopers Pvt Ltd
• Envirosuite Limited
• EcoVadis
• Sphera Solutions Inc.
• Isometrix Inc.
• Intelex Technologies Inc.
• Benchmark Gensuite
• Cority Software Inc.
• RepRisk AG
• Keramida Inc.
• Measurabl
• EnHelix Inc
• HSI Donesafe
• Emex Software Ltd
• Datamaran Limited
• Novisto Inc.
• Diginex Ltd.
What Is The Most Dominant Region In The Environmental, Social And Governance (ESG) Reporting Software Market?
North America was the largest region in the ESG reporting software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental, social and governance (ESG) reporting software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
