According to the Market Statsville Group (MSG), the global  EABaaS (ESG AI Box as a Service) market size is expected to grow at a CAGR of 36.1% during the forecast period (2024 – 2033).

The market is particularly highly growing for ESG AI Box as a Service since corporations focus on sustainability issues and the regulations to address them. The major benefit of this new service is that organizations can easily get a hold of sophisticated artificial intelligence-based analytics for ESG components. Manufacturing, finance, and energy industries are among the companies that benefit from EABaaS to find ways of improving processes and acting in a more environmentally friendly manner as well as strengthening its corporate social responsibility programs. With organizations entitled to ESG and trying to implement measures to meet them, the take up for EABaaS solutions is expected to rapidly increase.

The key drives that have brought about an increase in demand for sustainability solutions include; the ability to get a true and real picture of ESG data, the ability to follow strategies that are cheap enough to follow when it comes to sustainability, and the ability to avoid risks that come with issues such as climate change and social events. Understanding and using data has never been easier and EABaaS as a tool that brings insights together and supports informed decisions is bound to be central to sustainable business practices in the world today.

Definition of the  EABaaS (ESG AI Box as a Service)

EABaaS refer to ES (ESG AI Box as a Service) provides broad-based analytics related to environment, society, and governance via a convenient subscription model. By leveraging AI algorithms, it permits industries to improve the process efficiency, significantly reduce energy consumption, and manage carbon reduction assisting in cost savings. It offers better decision-making ability, aligned with ESG, for sustainable practices along with increased stakeholder trust.

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Scope of the Global  EABaaS (ESG AI Box as a Service) Market

The study categorizes the  EABaaS (ESG AI Box as a Service) market based on functionality,  enterprise size, and end-use industry area at the regional and global levels.

By Functionality Outlook (Sales, USD Million, 2019-2033)

• Compliance
• Risk Management
• Investment Decision-making
• Others

By Enterprise Size Outlook (Sales, USD Million, 2019-2033)

• Large Enterprises
• SMEs

By End-Use Industry Outlook (Sales, USD Million, 2019-2033)

• BFSI
• Manufacturing and Industry
• Energy & Utilities
• Retail
• Others

By Region Outlook (Sales, USD Million, 2019-2033)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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The BFSI segment accounts for the largest market share by end-users

Based on the end-users, the market is divided into BFSI, Manufacturing and Industry, Energy & Utilities, Retail, and Others. The banking, financial services, and insurance (BFSI) segment makes the major share of the EABaaS market since this particular segment requires complete ESG data analytics. More financial institutions include the ESG criteria in their investment decisions and risk management processes for compliance with regulators and satisfying stakeholders.

Furthermore, the BFSI sector has pressures from investors and consumers to show transparency in their commitment to sustainable practices. Utilizing EABaaS solutions, banks and financial services can enhance ESG performance, engage in better risk assessment, and understand sustainable investment opportunities. It is this focus this thrust of integrating ESG factors into the financial decision-making process that drives the leading position of the BFSI segment in the EABaaS market, hence sustainable finance and responsible investing.

North America accounted for the largest market share by Region

Based on the regions, the global market of  EABaaS (ESG AI Box as a Service) has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. North America and especially the US holds the largest market share in the EABaaS market for several reasons. Innovation is well-rooted in the region and the technology-implementing environment is also well-developed, which is crucial for the utilization of AI solutions in the context of ESG business models.

Moreover, due to the well-developed legislation in North America, executives are forced to implement professional Environmental Analytics, Budget & Accounting support systems like EABaaS, which focuses on corporations’ transparency and sustainability. The presence of a large number of recognizable large-scale corporations and financial institutions, which focus now on the services of integrated management of ESG criteria as critical factors for investing and operating, also contributes to market development.

Furthermore, the attention in North America toward Climate Change and Socially Responsible investment and consumer influence leads to increasing demands on companies to improve ESG performances and thus, raises the need for EABaaS solutions. These technological, regulatory, and market trends therefore make North America the most dominant region in the global EABaaS market.

Competitive Landscape: Global  EABaaS (ESG AI Box as a Service) Market

The global EABaaS market has high competition, with many players offering innovative AI-driven ESG analytics solutions. Key participants in the market are established tech giants, specialized ESG analytics firms, and emerging startups. This dynamic is driven by the growing need for sustainability insights, coupled with regulatory compliance and the need for businesses to prove their ESG commitment to stakeholders.

Major players in the global  EABaaS (ESG AI Box as a Service) market are:

• NayaOne
• C3.AI
• Sense Folio
• Boosted.ai
• Factset
• Fingreen AI
• ISS Insights
• Hexaware
• Briink
• Other Major Players

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Recent Development

• In October 2023, Private financial market ESG data and reporting system FINGREEN AI announced that it closed a pre-seed round for €1 million with investors such as Plug and Play, Blackwood, HDF, and Business Angels. With this, FINGREEN AI positions itself to become a major player in the ESG reporting market.
• In September 2022, C3 AI, an enterprise AI software application provider, today announced it had launched the C3 AI ESG for tracking, analysis, and improvement of environmental, social, and governance performance by businesses. C3 AI ESG reduces the time enterprises spend collecting, managing, and analyzing disparate data for ESG by several factors, so more of this time can be spent on the detection of ESG risks, capturing opportunities, and paving a runway that will accelerate initiatives to achieve ESG objectives.