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

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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
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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.

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• 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.

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• 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.

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• 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.

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Methodology

• Market
  research reports Key analytical components

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