The global corporate carbon accounting market is projected to grow from $24.71 billion in 2025 to $106.24 billion by 2032, at a CAGR of 23.5%, according to a new report from QYResearch. The growth is driven by regulatory mandates like the EU's CSRD and upcoming US rules, investor pressure, and corporate net-zero commitments. Companies are moving beyond basic Scope 1 and 2 reporting to tackle complex Scope 3 emissions, boosting adoption of AI-driven cloud software for real-time monitoring and data standardization. Key players include Microsoft, IBM, Sweep, Watershed, Persefoni, and Normative. Challenges remain around data quality, supplier cooperation, and integration complexity. The report highlights that carbon accounting is now central to compliance, risk management, and strategic decarbonization efforts worldwide.
