Global Emission Management Market: Introduction
Emission management is a solution designed to support all the processes and scenarios related to emission in large industrial corporations and enterprises. It enables the integration of processes and people across different businesses to mitigate the environmental risk as well as improve the quality of processes within an organization.
Global Emission Management Market – Dynamics
Increasing Need for Standardization/ Benchmarking to Define, Improve, and Control Processes
Quality is the key to a company’s success; emission management allows organizations to keep up with and meet current quality standards, meet the consumer requirement for quality, and retain employees through competitive compensation programs. Emission management has helped in reducing waste, preventing mistakes, lowering cost, facilitating and identifying training opportunities, and communicating a readiness to produce consistent results. The Industry 4.0 revolution is expected to drive the emission management market across the globe.
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Emphasis on Documentation & Knowledge with Regards to Certification
There is lack of awareness among the individual with regards to standardization and certification. The companies has to spend additional resources as well as finance to gain the proper understanding of the benchmarking and standardization. For instance, many business owners have been known to direct their company’s resources toward ISO 9000 registration, only to find that their incomplete understanding of the process and its requirements results in wasted time and effort.
North America to Dominate the Global Emission Management Market
In terms of region, the global emission management market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the emission management market during the forecast period due to stringent regulation with regards to environmental management and industry standards.
COVID-19 Impact on the Global Emission Management Market
The COVID-19 pandemic is expected to moderately impact the global emission management market for a short-term period. It is expected that with the increasing focus on sustainability management, the demand for emission management will rise in the coming time period.
Global Emission Management Market – Competition Landscape
- In July 2020, a new five-year 2025 Sustainable Progress Strategy to help accelerate the transition to a low-carbon economy was announced by the Citi Group. This new strategy includes a US$250 Billion Environmental Finance Goal to finance and facilitate climate solutions globally.
Sphera
Incorporated in 1970, Sphera is a portfolio company of Genstar Capital. Sphera is the leading provider of Integrated Risk Management software with a focus on Environment, Health, Safety & Sustainability (EHS&S). The company has more than 1 million users with a global presence in more than 100 countries.
Global Emission Management Market: Segmentation
The global emission management market can be segmented based on:
- Enterprise Size
- Industry
- Region
Global Emission Management Market, by Enterprise Size
Based on enterprise size, the global emission management market can be divided into:
- Small & Medium Enterprise
- Large Enterprise
Global Emission Management Market, by Industry
In terms of industry, the global emission management market can be segregated into:
- Banking, Financial Services & Insurance
- Telecom & Information Technology (IT)
- Manufacturing
- Construction
- Wholesale Distribution
- Non-profit Organizations
- Chemicals
- Food and Beverage
- Retail
- Others (Hospitality, Government, and Public Sector, etc.)
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