ESG risk and reporting software revenues to tip $720m in 2025 - IDC

The analyst says ESG risk management solutions present a new market opportunity but warns a lack of standardisation can lead to companies greenwashing data

Kelsey Rees
clock • 2 min read
ESG risk and reporting software revenues to tip $720m in 2025 - IDC

As organisations increasingly prioritise environmental, social, and governance (ESG), a new market opportunity has emerged for software solutions that support the rapidly evolving requirements of ESG risk management. That is according to a forecast from IDC, which claims global ESG risk and reporting software revenues will more than double over the 2020—2025 forecast period, growing to more than $720m in 2025. "On one end of the ESG risk management spectrum are solutions that take a modular...

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