Corporate Social Responsibility Software Market Size, Growth, Top Key Player, Key Segments, Current Trends and Future Prospect to 2031 | Taiwan News | 2023-10-09 07:34:54

Corporate Social Responsibility Software Market Size, Growth, Top Key Player, Key Segments, Current Trends and Future Prospect to 2031

Introduction

The “Corporate Social Responsibility Software Market 2023” research report provides a comprehensive analysis of the competitive market landscape, focusing on key metrics such as production volume, profits, and sales. Additionally, the report delves into the intricacies of the supply chain analysis of leading industry players.

Sustainable Development Goals (SDGs)

1. SDG 1: No Poverty
2. SDG 2: Zero Hunger
3. SDG 3: Good Health and Well-being
4. SDG 4: Quality Education
5. SDG 5: Gender Equality

Market Overview

The global corporate social responsibility software market size was US$ 669.8 million in 2021. The global corporate social responsibility software market is forecast to reach US$ 1,370.5 million by 2030 by growing at a compound annual growth rate (CAGR) of 7.9% during the forecast period from 2022 to 2030.

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Corporate Social Responsibility (CSR)

Corporate social responsibility (CSR) is an organization’s responsibility for public awareness related to ethical and environmental issues. It incorporates all the efforts pertaining to the welfare of the ethical, social, and ecological standards.

Factors Influencing the Market

• The growing focus of companies towards health, welfare, and sustainable development of society will drive the growth of the global corporate social responsibility software market.
• Corporate social responsibility software helps organizations in managing their social, ethical, and ecological responsibility and activities. It also tracks the effectiveness of corporate social responsibility. Moreover, this software is efficient for businesses to communicate their CSR programs to employees, customers, and investors. Such benefits of the software are forecast to boost the growth of the market.
• The wide applications of CSR software in logistics & transportation, retail, manufacturing sectors will contribute to the growth of the market.
• Favorable policies by government bodies will escalate the growth of the corporate social responsibility software market. For instance, according to Section 135 of the Companies Act of 2013, the Indian Government has mandated corporate social responsibility for large companies. In addition, the Canadian government improved a strategy for Canadian companies to encourage Canadian values and operate abroad with improved ethical standards. Thus, such initiatives are forecast to propel the corporate social responsibility software market growth.
• The growing number of advancements in the software will prompt market growth. For instance, Enablon unveiled Enablon Version 9 software in 2019. The software allows users to align processes and share their data.

COVID-19 Impact Analysis

The wake of the COVID-19 pandemic surged the challenges for firms and organizations. The announcement of national lockdown and temporary closures forced industries to shut their doors and start operating through the internet. Various companies witnessed significant losses in terms of revenue, which ultimately hampered the CSR activities.

However, governments have significantly contributed to the surging social support. It encouraged the companies to contribute to CSR activities, which ultimately surged the demand for corporate social responsibility software.

Regional Analysis

North America is forecast to dominate the global corporate social responsibility software market in terms of revenue. The growth of the market is attributed to the presence of large enterprises and solution providers in this region. Asia-Pacific and Europe are forecast to register significant growth, owing to the favorable initiatives by government bodies.

Competitors in the Market

• UL LLC
• CyberGrants LLC
• EV Cargo
• EcoVadis
• Enablon
• CyberSWIFT Infotech Pvt. Ltd.
• Other Prominent Players

Market Segmentation

The global corporate social responsibility software market segmentation focuses on Type, Application, and Region.

By Type Outlook

• Cloud-Based
• On-Premise

By Application Outlook

• Large Enterprises
• Small & Medium Enterprises

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China

SDGs, Targets, and Indicators Analysis

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 8: Decent Work and Economic Growth
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 17: Partnerships for the Goals

The article discusses the corporate social responsibility software market, which is connected to SDG 8 as it relates to economic growth and employment. It also relates to SDG 9 as it involves innovation and technology in the industry. Additionally, the concept of responsible consumption and production aligns with SDG 12. Finally, the article mentions partnerships between government bodies and companies, which is relevant to SDG 17.

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
• Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.
• Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.
• Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the sustainable development goals in all countries, in particular developing countries.

Based on the article’s content, the targets mentioned above can be identified. These targets focus on achieving decent work and economic growth, promoting sustainable industrialization, adopting sustainable practices, and enhancing global partnerships for sustainable development.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets. Some indicators include:

• Employment levels and payrolls in the Corporate Social Responsibility Software industry
• Global Corporate Social Responsibility Software output
• Market share of major players in the industry
• Revenue and growth rate of the global corporate social responsibility software market
• Government initiatives and policies related to corporate social responsibility
• Adoption of sustainable practices by companies
• Partnerships between government bodies and companies

These indicators can be used to track progress towards achieving the targets under the relevant SDGs.

Table: SDGs, Targets, and Indicators

SDGs	Targets	Indicators
SDG 8: Decent Work and Economic Growth	Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.	– Employment levels and payrolls in the Corporate Social Responsibility Software industry – Growth rate of the global Corporate Social Responsibility Software output
SDG 9: Industry, Innovation, and Infrastructure	Target 9.2: Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.	– Market share of major players in the Corporate Social Responsibility Software industry – Revenue and growth rate of the global corporate social responsibility software market
SDG 12: Responsible Consumption and Production	Target 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle.	– Adoption of sustainable practices by companies – Government initiatives and policies related to corporate social responsibility
SDG 17: Partnerships for the Goals	Target 17.16: Enhance the global partnership for sustainable development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, and financial resources, to support the achievement of the sustainable development goals in all countries, in particular developing countries.	– Partnerships between government bodies and companies

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: taiwannews.com.tw

 



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