The “North America Investor ESG Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Component (Software and Services) and Enterprise Size (Large Enterprise and Small and Medium Enterprise” report has been added to ResearchAndMarkets.com’s offering.
Software Segment to Dominate North America Investor ESG Software Market during 2020-2028
Market is expected to reach US$ 571.74 million by 2028 from US$ 187.56 million in 2021. The market is estimated to grow at a CAGR of 17.3% from 2021 to 2028.
Increasing government initiatives to promote ESG investment are the major factor driving the growth of the North America investor ESG software market. However, low awareness about ESG software hinder the growth of North America investor ESG software market.
Presently, the US is the world’s worst-affected country due to the COVID-19 outbreak with the highest number of confirmed cases and deaths, as per the recent World Health Organization (WHO) statistics. The high number of COVID cases has negatively impacted the country’s and region’s economy, and there has been a decline in overall business activities and growth of various industries operating in the region.
In the aftermath of the COVID-19 crisis, investors will increasingly consider ESG factors in an attempt to plug the gaps created by the pandemic. The global crisis has had an undeniable impact on ESG investing. In fact, U.S. assets under management (AUM) that mandate ESG factors rose by roughly $5 trillion in just two years. Therefore, due to COVID-19 impact, the urgency to combat climate change and social inequity increases in businesses will boost the North America markets.
Based on component, the market is segmented into software and services. In 2020, the software segment held the largest share North America investor ESG software market. Further, on the basis of enterprise size, the market is segmented into SMEs and large enterprises. In 2020, the large enterprise segment held the largest share North America investor ESG software market.
Accuvio; Dynamo Software, Inc; Enablon; EnHelix Inc; FactSet Research Systems Inc; Goby; Greenstone+ Ltd; Refinitiv are among the leading companies in the North America investor ESG software market.
The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
For instance, in 2021, Enablon and EY had announced an ESG management and reporting solution built on Enablon’s cloud software platform to help provide organizations with end-to-end management and reporting of ESG data.
Key Industry Dynamics
Market Drivers
- Increasing Government Initiatives to Promote ESG Investment
- Benefits of the Investor ESG Software
Market Restraint
- Low Awareness about ESG Software
Market Opportunity
- Rising Adoption of Investor ESG Software Worldwide
Future Trend
- Rise in Climate and Social Concern is Impacting ESG Investing
Companies Mentioned
- Accuvio
- Dynamo Software, Inc
- Enablon
- EnHelix Inc
- FactSet Research Systems Inc
- Goby
- Greenstone+ Ltd
- Refinitiv
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