The Environmental Monitoring market is majorly driven by the augmented government initiatives to protect environment from air & water pollution and to protect citizens from calamities. Other factors such as burgeoning industrialization and IT sector coupled with the growing government initiatives and funding to developing environment friendly infrastructures are expected to propel the Environmental Monitoring market growth.
On the other hand, factors such as lack of technical expertise, difficulty in monitoring certain aspects due to stringent Government regulations coupled with the factors such as export barriers over environment technologies, slow implementation of pollution control policies and regulations and the high cost associated with the Environmental Monitoring Systems installations and implementations are presenting challenges to the Environmental Monitoring market growth globally.
Accrediting the traction the global Environmental Monitoring market is gaining currently and the growth prospect the market is demonstrating, the Market Research Future has recently published a brilliant study report giving out the market prognosis up to 2023. According to which, the global Spinal Implants market is expected to accrue enormously registering a striking CAGR during the forecast period 2016-2022. MRFR also asserts that globally, the Environmental Monitoring market is expected to grow to USD ~20 Billion registering a staggering double digit CAGR over ~10% during 2016 to 2022.
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Major Key Players
Some of the major players in Global Virtual CPE Market include Intel Corporation (U.S.), Qosmos Inc. (France), AT&T Inc. (U.S.), NEC Corporation (Japan), Orange business services (Netherlands), Verizon wireless (U.S.), Cisco systems Inc. (U.S.), Ericsson Inc. (Sweden), IBM corporation (U.S.), Dell Inc. (U.S.) among others.
Globally the Environmental Monitoring Market is expected to grow at the rate of more than ~10% from 2016 to 2022.
Environmental Monitoring System is used by the public and private sectors such as Weather Forecasting services or federal government to help in detecting rising environmental issues and to monitor air pollution, water pollution, land contamination, and waste management etc. The Time data generated by EMSs is used to develop effective strategies for adapting the environmental change. Environmental Monitoring Systems are extensively used in industrial operations to monitor humidity level/ dew point, temperature, water leaks, air flow etc. EMSs installed at Data centers useful to control aspects such as heat, humidity, airflow, smoke, and electricity, much as threatening as viruses, spyware, and network threats are for IT equipment and operations & functionalities of a business. Environmental Monitoring is increasingly gaining traction owing to its efficacy in the process of monitoring environmental condition or climate changes. The real time data generated can be used to take precautionary measures to control the after effects or damage control. Technological advancements have bettered it further increasing its uses further ascending EMS market scope globally.
North America is expected to dominate the Environmental monitoring market during the forecast period 2016-2022. Rising government funding for the implementing environmental monitoring stations and stringent rules & regulations of U.S. environmental protection agency is expected to drive Environmental monitoring market in North America region. Europe is considered to support North America in generating highest revenue for Environmental monitoring market by the end of forecast period 2022 as industrial growth to fulfill the rising consumer demand is creating need to monitor the quality of the environment. Furthermore, Asia-Pacific is expected to be the fastest growing region in Environmental monitoring market during the forecast period 2016-2022 due to rising initiatives by government for the development of environment friendly industries in the region.
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- Environmental monitoring device manufacturers
- Environmental monitoring software developers
- National & international environment protection agencies
- Research & consultancy
- End-user sectors
- Technology investors
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