The environmental hazard and monitoring software in UK, Germany, and Italy, together, is expected to reach a Environmental Hazard Monitoring Software Market size of USD 375 million by 2021 from USD 318 million in 2017 at CAGR of 3.3% during the period 2017 to 2021. The growing need to minimize losses due to natural disasters is one of the major factor driving the adoption of environment hazard and monitoring software. The losses due to natural disasters were in billions where in the UK alone, they amounted to approximately USD 18 billion. Furthermore, countries have introduced and implemented regulations such as the Climate Change Act (2008) in the UK, which has also proved to be a significant factor in the adoption of environmental hazard and monitoring software solutions.
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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.
The vendors evaluated in the environmental hazard and monitoring software market cover 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). These players have adopted various strategies, such as new product launches, business expansions, partnerships, agreements, collaborations, and acquisitions, to further expand their presence in the global environmental hazard and monitoring software market.
Ambiental (UK) is one of the leading players in the environmental hazard and monitoring software market across the globe. The company portfolio consists of flood forecasting solution, early flood monitoring system, flood risk assessments, and others. The company has customers spread across insurers, government bodies, and enterprises. As of April 2019, Royal HaskoningDHV, a consultancy firm, acquired Ambiental. This acquisition, in turn, will strengthen RHDHV’s flood risk consulting service and data solutions, including digital mapping, machine learning, and predictive analytics.
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Aon is alos one of the top players in the environmental hazard and monitoring software market. The company has a strong portfolio where it provides products and solution under its evenironmental risk and modelling segment. The segment uses a xombination of parmeters such as site condition uncertainties, Third-party toxic tort uncertainties and others.
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