Environmental Hazard Monitoring Software Market Is Set to $375 Million by 2021

To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegments, the data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.


Northbrook, IL -- (SBWIRE) -- 06/17/2019 -- According to a new market research report "Environmental Hazard Monitoring Software Market by Industry Vertical (Private, Government, Construction and Real Estate, Transportation, IT and Telecommunication and Others), and Country (UK, Germany and Italy) - Global Forecast to 2021", published by MarketsandMarkets™, the global environmental hazard monitoring software market size is expected to grow from USD 318 million in 2017 to USD 375 million by 2021, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast period. The growing demand to be accurately predict the timing, area, and magnitude of the next natural disaster is expected to drive the growth of the market.

The growing need among government organizations to minimize losses due to natural disasters is expected to drive the growth of market over the next few years.

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Germany to have the largest market size during the forecast period

Germany is expected to have the lion's market size during the forecast period where the country is deploying environmental hazard monitoring software. The country has regulations such as Interministerial (Crisis Management) Coordination Group (IntMinKoGr), Disaster Reduction DKKV and others which clearly suggest the initatives taken by the German government.

Ambiental (UK), Bigtincan (US), Badger Software (UK), CH2M (US), Everbridge (US), Palantir Technologies (US), AON (UK), KatRisk (UK), Pasi (Italy), Stonex (Italy) and Mike (Denmark) are some of the major vendors in the environmental hazard monitoring software market.

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