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 environmental hazard monitoring software market size 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.
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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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