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.

Corporate social responsibility (CSR) is an organizations 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
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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