Market Size And Forecast: Climate Risk Software 2022-2028 (Global)

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Executive Summary

This report helps climate risk software vendors and investors understand the current and future state of the climate risk software market. The Verdantix market size and forecast model incorporates analysis of different market drivers, disclosed and estimated revenue information, and survey data, to forecast the market’s growth by region and industry. Verdantix research finds that the climate risk software market was worth $504 million in 2022 and will grow to $1.3 billion by 2028, at a CAGR of 18%.

Table of contents

Potential losses and disclosures drive spend on climate risk software
Market size data reflect the revenues of climate risk software providers
The climate risk software market was worth $504 million in 2022
Climate disclosures accelerate demand for software
Increased risk exposure drives the necessity for climate risk solutions
The climate risk software market will reach $1.3 billion in 2028
Global forces and climate skills gaps pose risks to market growth

Table of figures

Figure 1. Regional breakdown
Figure 2. Industry breakdown
Figure 3. Verdantix market size and forecast methodology
Figure 4. The Americas make up most of the 2022 market
Figure 5. Financial services hold the largest market share in 2022
Figure 6. Climate risk software forecast by region 2022-2028
Figure 7. Climate risk software forecast by industry 2022-2028

About the authors

Alice Saunders

Industry Analyst
Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds a Masters in Nature, Society and Environmental Governance from the University of Oxford and a BA in English Literature from the University of Warwick.

Elizabeth Babalola

Industry Analyst
Elizabeth is an Industry Analyst in the Verdantix Risk Management practice. Her current research agenda focuses on enterprise risk management, risk management information systems, organizational and strategic resilience, and global risk management trends. Prior to joining Verdantix, Elizabeth worked in corporate risk management roles across the financial and tech industries, where she gained hands-on experience of executing risk management strategies. She holds an MBA degree with a specialty in finance from the University of Lagos.

Ryan Skinner

Research Director, Net Zero & Climate Risk
Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zero strategies, carbon management, climate risk and technology. Prior to joining Verdantix, Ryan was a principal analyst at Forrester Research, where he initiated the research into ESG data and analytics offerings. He also has extensive experience of helping software companies with their messaging, positioning, market and technology strategies. Ryan studied at Duke University, the University of Manchester and the University of Oslo, and speaks Norwegian fluently.

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