The carbon management software and services market exceeded $380 million in 2009 and is expected to achieve a heady 40 percent compounded annual growth rate through 2017, according to Pike Research.
The software market for carbon management was estimated at $132 million in 2009, according to the Carbon Management Software and Services report.
The market should reach $1.2 billion by 2017.
The services market, including consulting, implementation and outsourcing services, was estimated at $248 million in 2009, and is projected to grow to $3 billion by 2017.
In other carbon management news, logistics provider Damco developed a new model for measuring the carbon footprint of ocean logistics.
Damco’s method, which relies on operational insights, live data and more detailed emission standards and calculations, results in a 25 percent better emissions calculation than previous generic calculators, reports AirCargoWorld.
The method was studied by MIT, using the example of carbon footprint measured from a factory in Asia to a U.S. distribution center. Damco is a subsidiary of shipping giant Moller-Maersk.