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Environmental Intelligence Platform Market size is expected to surpass USD 3.28 Billion by the end of 2035, witnessing around 13.3% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of environmental intelligence platform was USD 621 Million. The growth of this market may be attributed to the rising air pollution and the health problems it causes. According to WHO, 9 out of 10 people breathe air that is polluted at a high rate, and estimates that air pollution is causing alarming scenarios worldwide.
The increasing CO2 emission on account of growing awareness to reduce carbon emission and the befits of globalizing supply chain networks are estimated to drive the market growth. The EIP has gained popularity among nations due to its features such as real-world application. It is useful in monitoring disruptive environmental factors, forecasting possible weather and climate change effects, collecting knowledge, tracking and summarizing environmental actions, and others.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 13.3% |
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Base Year Market Size (2022) |
~ USD 621 Million |
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Forecast Year Market Size (2035) |
~ USD 3.28 Billion |
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Regional Scope |
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Growth Drivers
Challenges
Deployment (Cloud-based, On-Premises)
The cloud-based segment is estimated to hold around 57% share of the global environmental intelligence platform market in the projected period. Owing to the beneficial characteristics of cloud-based such as less expensive, high productivity, and minimal time consumption is also an important factor that boost the growth of this segment. According to recent surveys, approximately 94% of enterprises use at least one cloud service. This figure underscores businesse in cloud-based solutions to improve efficiency. Moreover, public cloud services are also available for organizations, where high infrastructure expenditure is not required.
End-User (Automotive, Food & Beverages, Manufacturing, Aerospace, Energy & Utilities, Healthcare, Government)
Environmental intelligence platform market from the automotive segment is expected to garner the highest revenue over the forecast period with market share of 22%. The growth is expected to increase owing to the energy consumption in the automotive industry. Furthermore, large-scale carbon emissions are generated by commercial vehicle as well as passenger vehicle, which is predicted to drive the growth of the segment in the market. It is believed that a passenger automobile releases roughly 4.6 metric tons of CO2 annually.
Our in-depth analysis of the global market includes the following segments:
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Deployment |
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Services |
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End-User |
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North American Market Statistics
The North America environmental intelligence platform market is estimated to gain a 37% share owing to the greenhouse gas emission in the developed countries which is supported by the industrial development in the region. The market is anticipated to grow 2.5X within the anticipated time frame. Moreover, there has been a high number of suppliers and favorable government regulations in North America region.
APAC Market Forecast
The environmental intelligence platform market in the Asia Pacific region is estimated to witness a significant share of 30% in the projected period. This region is expected to grow as they regularly predict the potential impacts of weather and climate change. Furthermore, there is the presence of a large population in the region, which requires transportation for the movement of goods. The Chinese market for environmental intelligence is expected to have a market share of 46 % in the Asia Pacific region. As per sources, India will increase its non-fossil energy capacity to around 510 GW. By 2030, India will use renewable energy to cover about 50% of its energy needs and plans to cut its carbon emissions by 2030.
Author Credits: Payel Roy, Dhruv Bhatia
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