ESG Software Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Vertical(BFSI, IT and ITeS, government and public sector, manufacturing), By Type(Climate change software, sustainability reporting software, ESG data management software, ESG risk management software), By Organization size(Small and medium-sized enterprises (SMEs) and large enterprises), By Deployment(On-premises and Cloud), By Region - Industry Forecast 2024-2031

ESG Software Market size was valued at USD 0.70 billion in 2022 and is poised to grow from USD 0.81 billion in 2023 to USD 2.64 billion by 2031, at a CAGR of 15.90% during the forecast period (2024-2031).

Companies use ESG software to manage and report on their sustainability programs, which include monitoring supply chain risks, tracking carbon emissions, and disclosing diversity and inclusion initiatives. Increased regulatory requirements for ESG reporting, expanding consumer demand for sustainable goods and services, and mounting investor pressure to invest in companies that are socially and ecologically conscious are just a few of the drivers driving the market for ESG software.

The ESG software market has a broad number of participants, including both established large enterprise software firms and smaller startups. Sustainalytics, MSCI, SASB (Sustainability Accounting Standards Board), and GRI are a few of the leading companies in the field (Global Reporting Initiative). As more businesses prioritize sustainability and ESG reporting becomes more crucial for investors and stakeholders, the market for ESG software is predicted to expand over the coming years. Yet, as new competitors enter the market and established players increase their offerings by adding fresh features and capabilities, the industry is also getting more competitive.

US ESG Software Market is poised to grow at a sustainable CAGR for the next forecast year.