CA, CarbonSystems, Enablon, among Top Ten Leaders in Carbon/Energy SW Market
CA Technologies, CarbonSystems, Enablon, Enviance, Hara, IHS, ProcessMAP, SAP, TRIRIGA and Verisae are ranked as the top ten leaders in the carbon and energy software market, and the most likely to benefit from increased spending on sustainable business software in 2011, according to a new global study by Verdantix.
Verdantix attributes rising demand for this type of software to unpredictable energy costs, greenhouse gas (GHG) compliance requirements and more robust sustainability strategies.
A Pike Research report released in July pegged annual growth at 33 percent from 2009 to 2017 for the carbon management software and services market for the manufacturing sector. The report cited mounting pressure on manufacturers to report their emissions and improve on environmental efficiencies by large end customers.
Based on 28 live product demonstrations involving 99 assessment criteria, the Verdantix report, “Green Quadrant Carbon And Energy Management Software,” provides buyers with a product benchmark to shortlist suppliers and create request for proposals (RFPs). The report also will help investors validate capital allocation decisions.
The 99 assessment criteria generate a product benchmark with 2,772 data points, which cover data capture, supply chain emissions, organization modeling, workflow, carbon emissions calculation engines, energy management tools, carbon management tools, project and portfolio management, reporting, dashboards, audits and internationalization.
The study also scores each supplier on market vision, product strategy, architecture, customer momentum, value delivery, financial resources and implementation partnerships.
The report finds that the biggest change in strategy for corporate buyers in 2010 has been a shift from “tactical carbon accounting to strategic energy and carbon management.”
“Buyers also want advanced carbon management tools for target setting, forecasts and audits. This explains why some carbon management software deals exceeded $10 million in 2010,” said Peter Charville-Mort, Verdantix analyst and author of the report, in a statement.
A key finding indicates that many potential buyers only need basic functionality for energy data collection and carbon reporting, but they expect suppliers to offer a roadmap for more advanced functionality.
The report also finds that some companies have more sophisticated requirements reflecting use scenarios of more senior budget-holders such as chief sustainability officers and CFOs, says Verdantix.
The report also reveals that software suppliers are raising funds to out-innovate the competition and expand the energy cost reduction value proposition with demand response functionality.
Verdantix expect suppliers such as CarbonSystems, IHS and TRIRIGA to strengthen their return on investment (ROI) claims in 2011 with hard data from a growing customer list, which will boost demand.
As an example, New York City plans to deploy TRIRIGA’s environmental sustainability software, TREES, across more than 4,000 government buildings to help reduce energy consumption and greenhouse gas (GHG) emissions. TRIRIGA’s software tool will be used to create a central Web-based location to consolidate all of New York City’s key data reports related to energy and environmental performance of city buildings and capital projects.
Verdanix researchers recommend that potential buyers focus on the industry track record of a software supplier.
Mike Watson, senior manager of sustainability at Intuit recently shared five lessons his company learned when it rolled out its enterprise carbon accounting (ECA) software to better track, report and reduce carbon emissions.
Stay Up-to-Date On Environmental Management, Energy & Sustainability News with EL's Free Daily Newsletter
Energy Manager News
- New Wind Farm to Sell Power to Hawaii County Department of Water Supply
- Hybrid Gensets Can Help Solve a Big Problem for the Mining Industry
- Commercial Property Energy Use Down in San Francisco
- Royalpark Homes to Install Solar PV + Energy Storage System
- Wabasha-Kellogg School to Invest $4M in HVAC Upgrade
- Will Boulder County Expand Net-Zero Building Requirements?
- Energy Storage Prospects Bright in Virginia, Ontario
- Sustenir to Use Illumitex LEDs in Singapore Vertical Farming