target audience: TECH SUPPLIER Publication date: Jul 2024 - Document type: Market Perspective - Doc Document number: # US52426924
Ecosystem Building Among Sustainability Application Vendors
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Abstract
This IDC Market Perspective discusses ecosystem building among sustainability application vendors. The sustainability software market is witnessing a significant trend of coopetition, where vendors are forming strategic partnerships to enhance their market position and foster industry development. These collaborations range from service and software integrations to alliances with other sustainability platforms and enterprise applications with the aim to create a more robust and integrated offering. Such partnerships not only provide a path to market for emerging vendors but also facilitate the operationalization of sustainability initiatives within organizations, highlighting the importance of synergy and deep integration in driving value and advancing sustainability goals.
"In the realm of sustainability, coopetition among software vendors is not just beneficial — it's essential for ecosystem growth and innovation." — Amy Cravens, research manager, ESG Management and Reporting Technologies at IDC