The global Energy Management Systems (EMS) market is experiencing significant growth due to the increasing emphasis on energy efficiency, decarbonization, and reducing greenhouse gas emissions. This market encompasses solutions for urban areas and the hardware and software segments of Energy and Power. IoT-based solutions, such as smart building management and home energy management, play a crucial role in this market. These systems utilize IoT devices, smart meters, and software components to monitor and optimize energy consumption, thereby reducing carbon emission rates and carbon footprints.