Published: May 28, 2010
Carbon Management Software and Services to Reach Nearly $300 Million in the U.S. Federal Government Sector by 2017, According to Pike Research
BOULDER, Colo. - (BUSINESS WIRE) - The United States government is one of the largest consumers of
energy and is expected to spend almost $29 billion on energy in 2010, as
it occupies nearly 500,000 buildings, operates more than 600,000
vehicles, employs over 1.8 million civilians, and purchases more than
$500 billion in goods and services each year. Following President
Obama's Executive Order 13514 and the mandatory reporting rule by the
U.S. Department of Energy, the federal government also has very
aggressive goals for reducing greenhouse gas (GHG) emissions.
According to a new report from Pike
Research, these initiatives will create significant
growth opportunities for carbon management software and services, and
the cleantech market intelligence firm forecasts that the carbon
management market in the U.S. federal government sector will increase
from $36 million in 2010 to $294 million by 2017, representing a 46%
compound annual growth rate (CAGR).
"Energy efficiency and GHG emissions reduction are top priorities
for the Obama Administration," says industry analyst Marianne Hedin.
"These initiatives will fuel strong demand by federal agencies for
carbon management tools and services, creating significant opportunities
for software vendors and service providers." Hedin adds that government
agencies will favor carbon management software in 2010, but in 2011 and
beyond, services will capture an increasing portion of the market, with
the services/software split reaching 60/40 by 2017.
Pike Research's analysis indicates that the competitive landscape
in this sector is a mixed picture. Niche players such as Enviance are
competing with the country's largest technology and services companies
including Accenture, CSC, Hewlett-Packard, IBM, Northrop Grumman, and
SAIC. Hedin says that the most important competitive assets in this
market are strong relationships that companies have built and nurtured
over time with federal agencies.
Pike Research's study, "Carbon
Management in the U.S. Federal Government Sector" ,
examines carbon management spending by federal agencies for external
software solutions and services. The report analyzes trends, forecasts
market size and growth prospects from 2008 through 2017, and assesses
the competitive landscape including an analysis of major software and
service vendors in this rapidly evolving market. An Executive Summary
of the report is available for free download on the firm's website.
Pike Research is a market research and consulting firm that
provides in-depth analysis of global clean technology markets. The
company's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Clean Transportation, Clean Industry, Corporate Sustainability, and
Building Efficiency sectors. For more information, visit www.pikeresearch.com
or call +1.303.953.9765.
Pike Research
Matt LeBeau, 303-953-9765
press@pikeresearch.com
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