Environmental hazard monitoring software market share forecast to witness considerable growth from 2019-2025 - PowerPoint PPT Presentation

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Environmental hazard monitoring software market share forecast to witness considerable growth from 2019-2025

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The other major players operating in the Environmental hazard monitoring software market are Ambiental, Aon PLC, Badgersoftware, Bigtincan, Deltares, DHI, Everbridge, KatRisk LLC, NORSAR, Stonex, and XP Solutions Inc. – PowerPoint PPT presentation

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Title: Environmental hazard monitoring software market share forecast to witness considerable growth from 2019-2025


1
Environmental hazard monitoring software market
share research by applications and regions for
2019-2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of environmental hazard monitoring
software market
  • North America held a significant industry share
    in 2018 and is estimated to dominate the
    Environmental hazard monitoring software market
    share over the forecast timeline due to the
    recent increase in the frequency of environmental
    hazards such as cyclones in Florida. Europe is
    expected to show a significant growth rate due to
    the presence of key market players in the region
    and supportive government regulations such as the
    Climate Change Act (2008) in the UK.
  • Environmental hazard monitoring software market
    size is estimated to grow at a significant CAGR
    from 2019 to 2025 due to growing need to minimize
    loss of lives and infrastructures caused by
    natural hazards. For instance, in May 2019,
    according to the Home Ministry of India, cyclone
    Fani caused A loss of over USD 130.8 million and
    affected more than 1.5 million people in India.
    The supportive government initiatives related to
    climate change and environmental hazard
    monitoring software are driving the Environmental
    hazard monitoring software market growth. For
    instance, the U.S. Clean Air Act of 1963 designed
    to control air pollution in the region enforces
    the state bodies to monitor the air quality index
    using EHM software.

3
Continue
  • The EHM software includes tools, such as
    automated investigations, real-time trending, and
    root cause analysis, which help the government to
    identify high-risk areas to be affected and
    provide aid to the affected area. There is an
    increasing need to reduce environmental pollution
    to mitigate emerging health issues such as
    bronchitis, asthma, and COPD. For instance,
    according to the World Health Organization (WHO)
    report in 2019, 15 countries, which emit the most
    greenhouse gas emissions, the health impacts of
    air pollution are estimated to cost more than 4
    of their GDP.
  • The advent of advanced technologies, such as big
    data, predictive analytics, deep learning, and
    machine learning, will enhance EHM software to
    predict environmental hazards in advance in a
    region to mitigate the risk and losses associated
    with the hazard. It is very likely that extreme
    precipitation events will become more intense and
    frequent in many regions and climate change will
    amplify existing risks. These risks can be
    avoided by predictive analytics and deep learning
    technologies implemented on the EHM software.

4

Browse Full Research Report On environmental
hazard monitoring software market
_at_ https//bit.ly/2XyTn9I Request for an
in-depth table of contents for this report _at_
https//bit.ly/2S7XdFO .com/request-toc/upcoming/
1797
5
Continue
  • The government sector held a large Environmental
    hazard monitoring software market share and is
    anticipated to maintain it over the forecast
    timeline due to growing climatic changes in
    several regions and increasing frequency of
    environmental hazards. It is continuously looking
    for enhanced insights to predict flood other
    environmental risks and mitigate damage or
    economic losses to people assets caused by
    these environmental hazards. For instance, in
    2018, natural disaster events across the world
    led to economic damage of USD 225 billion.
  • IT telecom is estimated to grow at a
    significant CAGR due to major infrastructure
    losses worth billions in environmental hazards.
    For instance, in September 2017, hurricane Maria
    caused more than USD 3 billion losses in Dominica
    to the IT telecom sector. The key telecom
    market players, such as Digicel and Flow, were
    affected the most.

6
Continue
  • EHM Software solution providers are focusing on
    strategic alliances with other market players to
    improve their offerings and expand their
    geographical presence. For instance, in April
    2019, Royal HaskoningDHV acquired Ambiental. This
    acquisition is anticipated to strengthen RHDHVs
    flood risk consulting service and data solutions
    including machine learning, digital mapping, and
    predictive analytics. The other major players
    operating in the Environmental hazard monitoring
    software market are Ambiental, Aon PLC,
    Badgersoftware, Bigtincan, Deltares, DHI,
    Everbridge, KatRisk LLC, NORSAR, Stonex, and XP
    Solutions Inc.

7
Methodology
  • Market
    research reports Key analytical components

8
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