A MarketsandMarkets™ report published on April 17, 2025, projects the US ESG Reporting Software Market to grow from $0.35 billion in 2024 to $0.71 billion in 2029, at a compound annual growth rate (CAGR) of 15.2%. Workiva is identified as a leading provider in this expanding market.
The growth is primarily driven by increasing regulatory pressures, including the US Securities and Exchange Commission's (SEC) climate disclosure rules introduced in March 2024, and state-level mandates such as California's SB 253 and SB 261 passed in 2023. These regulations require companies to report greenhouse gas emissions and climate-related financial risks.
Workiva's position as a key player in this market is reinforced by the rising demand for automated reporting, real-time data analysis, and AI-driven insights to streamline disclosures and ensure compliance. The report underscores a favorable market environment for Workiva's specialized solutions.
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